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Property profile & analytics
OFF-MARKET
Estimated value
$1,600,000
Specialty properties
124 Park Ave Savannah, GA 31401-6439
Entity Owned
Absentee Owner
Free & Clear
Property ID
US22-1791128
Property profile
Verified
Property type
Specialty properties
Use group
FUNERAL HOME
Year built
1900
Total area
6,736 SF
Lot
0.18 ac (7,719 SF)
Zoning code
RIPA
APN
2-0044 -24-003
UPID
US22-1791128
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Campbell & Sons Funeral Home, Inc./ Formerly Sidney A. Jones Est. 1936 Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.60M
Owner & transaction history
Forsyth Commons Holdings LLC
Forsyth Commons Holdings LLC
since 2025
Last sale
$1.6M
4 recorded transactions
Zoning & alternative use
RIPA · Savannah, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Savannah submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Savannah submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,280,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$1,190,000
Change: 0% · Conversion: Difficult
RESTAURANT
$1,090,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$1,010,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.60M
Range $1.44M – $1.76M · ±10% · vs last sale $1.60M (Jul 27 2025)
Last sale anchor
$1.60M
Jul 27 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$238 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$150,400
Assessed 2024
Previous assessed
$130,760
+15.0% YoY
Assessed land
$67,920
Assessed improvement
$82,480
Land market value
$169,800
Improvement market value
$206,200
Total market value
$376,000
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Specialty properties
Use group
FUNERAL HOME
Status
Off-Market
Year built
1900
Heating
NONE
Buildings
3
Stories
1
Rooms
15
Total area
6,736 SF
Lot
0.18 ac (7,719 SF)
Zoning code
RIPA
APN
2-0044 -24-003
UPID
US22-1791128
Jurisdiction
CHATHAM
Zoning & alternative use
RIPA · Savannah, GA
Zoning RIPA · permitted uses
RIPA · Savannah, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Savannah. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
RESTAURANT
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.0M
AUTO REPAIR, GARAGE
RETAIL STORES
RESTAURANT
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1900
Heating
NONE
Stories
1
Buildings
3
Rooms
15
Lot
0.18 ac
Current owner
From public records · entity-resolved
Forsyth Commons Holdings LLC
Entity
Free & Clear · 0 yrs held
Mailing address
213 W BOLTON ST, SAVANNAH, GA 31401-6307
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2025
$1,600,000
Forsyth Commons Holdings LLC
Portfolio Holdings LLC
Warranty Deed
—
Oct 27, 2025
$2,715,570
Forsyth Commons Holdings LLC
Portfolio Holdings LLC
Deed
—
Oct 27, 2025
$8,387,605
Savannah City
Forsyth Commons Holdings LLC
Quitclaim Deed
related
—
Jan 7, 2005
—
Carolyne B Jones
Matthew W Jones
Intrafamily Transfer
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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