Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    15000 Abercorn St Savannah, GA 31419

    • Warehouses
    • 27,760 SF
    • 5.00 lot acres
    For Lease
    View listing
    Last Sale
    Nov 10, 2021
    $2,226,200
    Value Estimations
    $2,540,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0955816
    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

    • Lectric Beach Wellness / Tanning Salon
    • American Freight Furniture, Mattress, Appliance / Furniture & Home Goods / Home Decor Store

    Property Details for 15000 Abercorn St

    Year built
    1979
    Lot size
    5.00 lot acres
    Property size
    27,760 SF
    Zone code
    PB
    Property type
    Warehouses
    APN
    1-1005 -02-001B
    APU
    1100502001B

    Description

    This exceptional 24,000-square-foot flex/warehouse space in Savannah, Georgia, is available for lease. Located at 15000-A Abercorn St, this Class B building boasts a 4.98-acre lot and is scheduled for completion in June 2025. The single-tenant property features a clear-span design, 8-foot concrete tilt-wall panels with metal above, rear translucent panels, and a single-slope standing seam metal roof. Convenient loading and unloading is ensured with two loading docks and four drive-in doors. Ample parking is available. The building's versatile design suits various uses, including retail, warehousing, distribution, and office space. Its prime location in Chatham County offers easy access to the entire Greater Savannah area, within a 15-minute drive of most key locations. Nearby businesses include Secure Self Storage, Gaster Lumber and Hardware, and several others. This is a built-to-suit property offering a modern and efficient workspace. The zip code is 31419.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,865,000
      ML approach
      $2,850,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,582,000
      Market price range: $843k - $3.34M

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

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.2293
    Latitude
    31.991
    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
    $460,000
    $182,000
    $642,000
    -
    $1,150,000
    $455,000
    $1,605,000

    Comparable in this City

    • Value Estimation by Request
      2,490 SF

      1060 King George Blvd

      MINI-WAREHOUSE, STORAGE • 2,490 SF
      1060 King George Blvd, Savannah, GA 31419-9569
      View Details
    • Value Estimation
      $2,015,000
      5,100 SF

      5915 Ogeechee Rd

      WAREHOUSE, STORAGE • 5,100 SF
      5915 Ogeechee Rd, Savannah, GA 31419-8901
      View Details
    • Value Estimation
      $4,075,000
      42,630 SF

      10901 Abercorn St

      MINI-WAREHOUSE, STORAGE • 42,630 SF
      10901 Abercorn St, Savannah, GA 31419-1818
      View Details
    • Value Estimation by Request
      880 SF

      1721 Grv Pt Rd

      MINI-WAREHOUSE, STORAGE • 880 SF
      1721 Grv Pt Rd, Savannah, GA 31419
      View Details
    • Value Estimation
      $2,925,000
      30,600 SF

      12317 White Blf Rd

      MINI-WAREHOUSE, STORAGE • 30,600 SF
      12317 White Blf Rd, Savannah, GA 31419-2225
      View Details
    • Value Estimation by Request
      3,168 SF

      10200 Middleground Rd

      MINI-WAREHOUSE, STORAGE • 3,168 SF
      10200 Middleground Rd, Savannah, GA 31419-1045
      View Details

    Similar Nearby for Sale

    • $550,000
      5.00 Acres

      Secluded Land with Steel Structure

      5 acres with Quonset hut and tiny houses.
      Fort Argyle Rd, Savannah, GA 31419
      View Details
    • Contact for pricing
      27.77 Acres

      Savannah Industrial Land Opportunity

      27.77 acres, fully entitled, light industrial
      115 Bamboo Ln, Savannah, GA 31419
      View Details
    • $239,900

      Estate Lot with Deep Water Access

      2.47 acre lot with deep water access and dock.
      23 Shore Rd, Savannah, GA 31419
      View Details
    • $699,000
      9.73 Acres

      Savannah Buildable Acreage Parcel

      9.73 acre buildable lot near shopping and dining.
      9.73 Ac Little Nck Rd, Savannah, GA 31419
      View Details
    • $250,000

      Commercial Land on Highway 17

      14.64 acres of commercially zoned land for sale.
      and Larchmont Ogeechee Rd, Savannah, GA 31419
      View Details
    • $490,000
      8.43 Acres

      Savannah Commercial Land For Sale

      8.43 acres of commercial land in Savannah, Georgia.
      Abercorn Ext, Savannah, GA 31419
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      24,000 SF

      Savannah Flex/Warehouse Space

      24,000 SF Flex Warehouse, Savannah, GA
      15000 Abercorn St, Savannah, GA 31419
      View Details
    • Contact for pricing
      6,900 SF

      Savannah Flex Space: ±6,900 SF

      Industrial flex space for lease in Savannah, GA. Excellent location & amenities.
      1871 Grove Point Rd, Savannah, GA 31419
      View Details
    • Contact for pricing

      Freestanding Restaurant on Abercorn Street

      2,532 SF restaurant on 1.73 AC near Savannah Mall.
      14020 Abercorn St, Savannah, GA 31419
      View Details
    • Contact for pricing

      Freestanding Drive-Through on Abercorn Street

      2,500 SF drive-through in retail corridor with pylon signage.
      11411 Abercorn St, Savannah, GA 31419
      View Details
    • $240 SF/Yr
      1,200 SF

      Savannah Retail Space - Georgetown

      1,200 SF Retail Space Available in Savannah, GA
      1190A King George Blvd, Savannah, GA 31419
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    15000 Abercorn St
    Savannah, GA 31419
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!