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    Property profile & analytics

    145 Mulberry Blvd Savannah, GA 31407-3505

    • Hotels
    • 141,851 SF
    • 4.04 lot acres
    OFF-MARKET
    Value Estimations
    $21,565,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0791754
    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

    • Embassy Suites by Hilton Savannah Airport / Hotel & Motel

    Property Details for 145 Mulberry Blvd

    Year built
    2010
    Lot size
    4.04 lot acres
    Property size
    141,851 SF
    Zone code
    PUDC
    Property type
    Hotels
    APN
    2-1016 -01-032
    APU
    2101601032

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $21,105,000
      6.5%
      $19,485,000
      7%
      $18,090,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $13,908,000
      Market price range: $2.35M - $34.9M

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

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.243
    Latitude
    32.1462
    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
    $351,960
    $10,808,160
    $11,160,120
    -
    $879,900
    $27,020,400
    $27,900,300

    Comparable in this City

    • Value Estimation
      $2,835,000
      33,150 SF

      105 Travelers Way

      HOTEL • 33,150 SF
      105 Travelers Way, Port Wentworth, GA 31407-9218
      View Details
    • Value Estimation
      $6,900,000
      43,550 SF

      7210 Ga Hwy 21

      HOTEL • 43,550 SF
      7210 Ga Hwy 21, Port Wentworth, GA 31407-9667
      View Details
    • Value Estimation
      $2,295,000
      17,582 SF

      7206 Ga Hwy 21

      HOTEL • 17,582 SF
      7206 Ga Hwy 21, Port Wentworth, GA 31407-9667
      View Details
    • Value Estimation
      $3,220,000
      34,755 SF

      200 Raley Rd

      HOTEL • 34,755 SF
      200 Raley Rd, Savannah, GA 31407-9673
      View Details
    • Value Estimation
      $11,365,000
      101,264 SF

      149 Mulberry Blvd

      HOTEL • 101,264 SF
      149 Mulberry Blvd, Savannah, GA 31407-3505
      View Details
    • Value Estimation
      $6,950,000
      55,488 SF

      79 Coldbrook Sta Cir

      HOTEL • 55,488 SF
      79 Coldbrook Sta Cir, Savannah, GA 31407-9245
      View Details

    Similar Nearby for Sale

    • $150,000
      0.49 Acres

      Highway 21 Commercial Land

      Commercial land available on Highway 21 in Port Wentworth.
      State Highway 21, Port Wentworth, GA 31407
      View Details
    • $329,000
      Pending

      Savannah Commercial Land For Sale

      2.02 acres zoned PD in Highlands Business Park.
      136 Basswood Dr, Savannah, GA 31407
      View Details
    • $75,000
      0.53 Acres

      Port Wentworth Land For Sale

      0.53-acre wooded parcel with highway frontage in Port Wentworth, GA.
      Augusta Rd, Port Wentworth, GA 31407
      View Details
    • $435,000
      1.88 Acres

      Savannah Commercial Land - 1.88 Acres

      Prime Savannah commercial lot, ideal for warehouse/office.
      166 Basswood Dr, Savannah, GA 31407
      View Details
    • $600,000
      1.07 Acres

      Savannah Commercial Land For Sale

      1.07 acres in Highland Park, ideal for automotive services.
      236 Basswood Dr, Savannah, GA 31407
      View Details
    • $865,000
      2.96 Acres

      Port Wentworth Commercial Land

      Prime 2.96-Acre Commercial Site
      130 Ga-30, Port Wentworth, GA 31407
      View Details

    Similar Nearby for Lease

    • $35 SF/Yr
      118,483 SF

      Retail Center Near I-95

      New retail center near I-95, opening mid-2026.
      200 Basswood St, Savannah, GA 31407
      View Details
    • $15 SF/Yr
      304,920 SF

      320 Morgan Lake Industrial Blvd

      Coworking space • 304,920 SF
      320 Morgan Lake Industrial Blvd, Pooler, GA 31407
      View Details
    • $7 SF/Yr
      153,013 SF

      Prime Chatham County Warehouse

      153,013 SF Warehouse - Immediate Occupancy
      101 Morgan Lake Industrial Blvd, Pooler, GA 31407
      View Details
    • $3,500 /Mo
      Pending

      Port Wentworth Commercial Space Available

      Shell space in high-demand location near Savannah ports.
      711 Crossgate Rd, Port Wentworth, GA 31407
      View Details
    • Contact for pricing
      70,198 SF

      Port Wentworth Industrial Facility

      70,198 SF Class A Distribution Center
      301 Little Hearst Pkwy, Port Wentworth, GA 31407
      View Details
    • $2,000 /Mo
      917 SF

      Port Wentworth Office Space For Rent

      Office space available in Port Wentworth, all utilities included.
      304 S Coastal Hwy, Port Wentworth, GA 31407
      View Details

    Property Visit Statistics

    • Visits by month
      17.1k
    • Visitors by month
      7.4k
    • Avg Time on site
      466 min
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    145 Mulberry Blvd
    Savannah, GA 31407-3505
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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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