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    Property profile & analytics

    15 Martin Luther King Jr Blvd Savannah, GA 31401-2421

    • Hotels
    • 48,108 SF
    • 0.46 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Aug 27, 2024
    Location Intelligence
    Property ID
    US22-1571231
    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

    • Hotels

    Property Details for 15 Martin Luther King Jr Blvd

    Year built
    2009
    Lot size
    0.46 lot acres
    Property size
    48,108 SF
    Zone code
    BC
    Property type
    Hotels
    APN
    2-0016 -04-001
    APU
    2001604001

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.0971
    Latitude
    32.082
    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
    $957,400
    $6,743,400
    $7,700,800
    -
    $2,393,500
    $16,858,500
    $19,252,000

    Comparable in this City

    • Value Estimation by Request
      10,215 SF

      36 Martin Luther King Jr Blvd

      Restaurants • 10,215 SF
      36 Martin Luther King Jr Blvd, Savannah, GA 31401
      View Details
    • Value Estimation by Request
      35,000 SF

      102 Bay St

      HOTEL • 35,000 SF
      102 Bay St, Savannah, GA 31401
      View Details
    • Value Estimation by Request
      108,996 SF

      321 Bay St

      HOTEL • 108,996 SF
      321 Bay St, Savannah, GA 31401-1112
      View Details
    • Value Estimation by Request
      50,008 SF

      320 Montgomery St

      HOTEL • 50,008 SF
      320 Montgomery St, Savannah, GA 31401-4233
      View Details
    • Value Estimation by Request
      173,554 SF

      412 Williamson St

      HOTEL • 173,554 SF
      412 Williamson St, Savannah, GA 31401-1176
      View Details
    • Value Estimation by Request
      1.09 Acres

      300 Riv St

      HOTEL • 1.09 Acres
      300 Riv St, Savannah, GA 31401-1190
      View Details

    Similar Nearby for Sale

    • $8,500,000
      10,215 SF

      Savannah Historic District Gem

      Mixed-use hotel & restaurant investment
      36 Martin Luther King Jr Blvd, Savannah, GA 31401
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    • $4,000,000
      11,292 SF

      Restaurant with additional 3 buildings to develop

      Individual retail properties • 11,292 SF
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    • New
      $1,400,000
      0.12 Acres

      Victorian Mixed-Use Property Near Forsyth

      Historic Savannah property with mixed-use zoning and income potential.
      808 Drayton St, Savannah, GA 31401
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    • New
      $1,400,000
      6,895 SF

      Victorian Mixed-Use Property Near Forsyth

      Historic Savannah property with mixed-use zoning and development potential.
      808 Drayton St, Savannah, GA 31401
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    • $5,495,000
      0.23 Acres

      Historic Savannah Inn Investment

      Luxury Inn, 3 Townhomes, Prime Location
      117-121 Gordon St, Savannah, GA 31401
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    • $10,000,000
      10,092 SF

      Savannah Cotton Exchange Historic Landmark

      Iconic 10,092 SF Savannah Cotton Exchange on the market.
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    Similar Nearby for Lease

    • Contact for pricing
      55,560 SF

      Downtown Savannah Office Building

      Prestigious 10-story office space for lease
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    • $25 SF/Yr
      2,700 SF

      Retail Space on Broughton Street

      Retail space available for lease on Broughton Street.
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    • $12 SF/Yr
      5,174 SF

      Savannah Office Space for Lease

      Flexible workspace solutions in Savannah, GA.
      22 Bull St, Savannah, GA 31401
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    • Contact for pricing
      2,100 SF

      Savannah Riverfront Retail Space

      Prime Restaurant Space in New Hotel
      601 River St, Savannah, GA 31401
      View Details
    • Contact for pricing
      40,000 SF

      Savannah Office Space: Eastern Wharf

      Prime Savannah Office Suites, 40,000 sqft
      250 Eastern Wharf Ave, Savannah, GA 31401
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    • $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
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    15 Martin Luther King Jr Blvd
    Savannah, GA 31401-2421
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    Realmo Value Estimation

    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.

    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.

    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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