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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1219 Montgomery St Savannah, GA 31401-6734

    • Auto shops
    • 3,000 SF
    • 0.12 lot acres
    OFF-MARKET
    Last Sale
    Feb 28, 2022
    $560,000
    Value Estimations
    $755,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1073870
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Xtra Klean Detailing Salon / Car Detailing Service / Car Wash

    Property Details for 1219 Montgomery St

    Year built
    1963
    Lot size
    0.12 lot acres
    Property size
    3,000 SF
    Zone code
    RB
    Property type
    Auto shops
    APN
    2-0052 -25-009
    APU
    2005225009

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $800,000
      ML approach
      $785,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $624,000
      Market price range: $624k - $1.81M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,185,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,050,000
      Change: -11% Conversion: Difficult
      WAREHOUSE, STORAGE
      $970,000
      Change: -18% Conversion: Easy
      MEDICAL BUILDING
      $950,000
      Change: -20% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.1026
    Latitude
    32.0647
    CBSA code
    42340
    CBSA name
    SAVANNAH, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $29,760
    $16,160
    $45,920
    -
    $74,400
    $40,400
    $114,800

    Comparable in this City

    • Value Estimation
      $395,000
      10,800 SF

      746 Wheaton St

      AUTO REPAIR, GARAGE • 10,800 SF
      746 Wheaton St, Savannah, GA 31401-5122
      View Details
    • Value Estimation
      $315,000
      1,156 SF

      407 36th St

      AUTO REPAIR, GARAGE • 1,156 SF
      407 36th St, Savannah, GA 31401
      View Details
    • Value Estimation
      $325,000
      2,465 SF

      2501 Habersham St

      AUTO REPAIR, GARAGE • 2,465 SF
      2501 Habersham St, Savannah, GA 31401-9312
      View Details
    • Value Estimation
      $3,880,000
      13,410 SF

      518 Broughton St

      AUTO REPAIR, GARAGE • 13,410 SF
      518 Broughton St, Savannah, GA 31401-3502
      View Details
    • Value Estimation
      $375,000
      10,810 SF

      500 Montgomery St

      AUTO REPAIR, GARAGE • 10,810 SF
      500 Montgomery St, Savannah, GA 31401-4819
      View Details
    • Value Estimation
      $465,000
      13,590 SF

      234 Martin Luther King Jr Blvd

      AUTO REPAIR, GARAGE • 13,590 SF
      234 Martin Luther King Jr Blvd, Savannah, GA 31401-4246
      View Details

    Similar Nearby for Sale

    • $4,000,000
      11,292 SF

      Restaurant with additional 3 buildings to develop

      Individual retail properties • 11,292 SF
      109 Jefferson St, Savannah, GA 31401
      View Details
    • $5,500,000
      10,880 SF

      Savannah Downtown Commercial Duo

      Prime location, high traffic, restaurant & office space
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    • $8,500,000
      10,215 SF

      Savannah Historic District Gem

      Mixed-use hotel & restaurant investment
      36 Martin Luther King Jr Blvd, Savannah, GA 31401
      View Details
    • $6,500,000
      10,800 SF

      Historic Savannah Mixed-Use Investment

      High-cap rate, multi-tenant property in Savannah's heart.
      207 Broughton St, Savannah, GA 31401
      View Details
    • $5,500,000
      21,920 SF

      Savannah Commercial Buildings on MLK

      Two commercial buildings with retail and office space available for sale.
      111 Martin Luther King Jr Blvd, Savannah, GA 31401
      View Details
    • $265,000
      1 SF

      Savannah Commercial Property For Sale

      Single-story commercial property in Savannah, currently a barbershop.
      747 E 37Th St, Savannah, GA 31401
      View Details

    Similar Nearby for Lease

    • $40 SF/Yr
      2,622 SF

      Retail Space in Savannah, GA

      Retail space available for lease in Savannah, GA.
      25 Maupas Ave, Savannah, GA 31401
      View Details
    • Contact for pricing
      1,800 SF

      Prime Retail Space on York

      1,800 SF retail space overlooking Wright Square.
      5 W York St, Savannah, GA 31401
      View Details
    • Contact for pricing
      55,560 SF

      Downtown Savannah Office Building

      Prestigious 10-story office space for lease
      24 Drayton St, Savannah, GA 31401
      View Details
    • $25 SF/Yr
      2,700 SF

      Retail Space on Broughton Street

      Retail space available for lease on Broughton Street.
      23 W Broughton St, Savannah, GA 31401
      View Details
    • Contact for pricing
      1,020 SF

      Savannah Commercial Space in Starland

      Commercial space in Savannah's vibrant Starland District with expansion potential.
      15 W 43Rd St, Savannah, GA 31401
      View Details
    • Contact for pricing
      2,100 SF

      Savannah Riverfront Retail Space

      Prime Restaurant Space in New Hotel
      601 River St, Savannah, GA 31401
      View Details
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    1219 Montgomery St
    Savannah, GA 31401-6734
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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