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Property profile & analytics
OFF-MARKET
Estimated value
$6,045,000
Office buildings
1480 Chatham Pkwy Savannah, GA 31405-0387
Entity Owned
8-yr Hold
Free & Clear
Property ID
US22-3683480
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2019
Total area
27,580 SF
Lot
5.58 ac (243,065 SF)
Zoning code
PUDBR
APN
2-0834 -01-023
UPID
US22-3683480
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
-
Evans General Contractors Construction Company General Contractor
-
Coleman Company Inc. Landscape Architect Civil Engineer
-
Savannah Mediator Christopher Smitty Smith Law Firm
-
Miles Mediation & Arbitration Consultant
-
Capital Development Partners Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.29M
Comparable Approach
Comparable
$8.29M
Blend (final)
Blend
$6.05M
Owner & transaction history
West Chatham Parkway LLC · 8 yrs held
West Chatham Parkway LLC
since 2018
2 recorded transactions
Zoning & alternative use
PUDBR · Savannah, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$9.7M
+15.2%
Medical building
$9.6M
+14.6%
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%
$6,815,000
6.5%
$6,290,000
7%
$5,845,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,400,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$9,675,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$9,625,000
Change: +15% · Conversion: Easy
RETAIL STORES
$7,100,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$6.05M
Range $5.44M – $6.65M · ±10%
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
$219 / 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
$1,511,600
Assessed 2024
Previous assessed
$1,563,120
-3.3% YoY
Assessed land
$252,000
Assessed improvement
$1,259,600
Land market value
$630,000
Improvement market value
$3,149,000
Total market value
$3,779,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2019
Heating
NONE
Buildings
2
Stories
2
Total area
27,580 SF
Lot
5.58 ac (243,065 SF)
Zoning code
PUDBR
APN
2-0834 -01-023
UPID
US22-3683480
Jurisdiction
CHATHAM
Zoning & alternative use
PUDBR · Savannah, GA
Zoning PUDBR · permitted uses
PUDBR · 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
OFFICE BUILDING Current
Est. value
$8.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.7M
MEDICAL BUILDING
Est. value
$9.6M
RETAIL STORES
Est. value
$7.1M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
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
2019
Heating
NONE
Stories
2
Buildings
2
Lot
5.58 ac
Current owner
From public records · entity-resolved
West Chatham Parkway LLC
Entity
Free & Clear · 8 yrs held
Mailing address
10525 VIS SORRENTO PKWY STE #110, SAN DIEGO, CA 92121-2747
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2018
—
West Chatham Parkway LLC
Western Devcon INC
Quit Claim Deed
related
—
Mar 15, 2018
$625,000
Western Devcon INC
Lewis Commercial Propertie
Limited Warranty Deed
—
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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