1510 Drayton St Savannah, GA 31401-7334
Property profile & analytics
1510 Drayton St, Savannah, GA 31401-7334
- Office buildings
- 2,622 SF
- 0.19 lot acres
Property ID
US22-0634412
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.
Location Intelligence
Current Use by Public Records
- W. John Toner / Law Firm
- HSA Engineers & Scientists / Engineering Consultant
- Dynamic Spine & Rehab / Alternative Medicine Practice
- Wade Herring for Congress / Advocacy Group / Volunteer Organization
Property Details for 1510 Drayton St
- Year built
- 1967
- Lot size
- 0.19 lot acres
- Zone code
- RIP
- Property type
- Office buildings
- APN
- 2-0053 -24-009
- APU
- 2005324009
Description
This exceptional one-story, 2,777 square foot office building in Savannah, Georgia's historic district presents a compelling investment opportunity. Built in 1967 and renovated in 2021, the property boasts a desirable location on Drayton Street, offering excellent visibility and signage opportunities. Currently featuring two units, one is occupied by a successful tenant under a lease expiring July 31, 2025 (0.7 years remaining), while the other is vacant, ideal for an owner-user or immediate re-leasing to capitalize on current market rates. The building sits on an 8,276 square foot lot and includes seven parking spaces. With a 50% occupancy rate as of July 1, 2024, the property generates a pro-forma NOI of $60,000, resulting in a 5.22% pro-forma cap rate. The asking price is $1,150,000 ($414.12/sq ft and $575,000/unit). The property is zoned TN-2 and is a Class B building. This is a multi-tenant property with a modified lease type. This prime location near Forsyth Park is surrounded by thriving restaurants, retailers, and prestigious homes, ensuring strong tenant demand and long-term value appreciation. The property is suitable for a 1031 exchange.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $650,000
- 6.5%
- $600,000
- 7%
- $555,000
-
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,175,000 Current use
- RETAIL STORES
- $1,290,000 Change: +10% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $1,185,000 Change: +1% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,035,000 Change: -12% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Savannah
- County
- Chatham
- State
- Georgia
- Longitude
- -81.0973
- Latitude
- 32.0608
- 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
$61,880
$185,160
$247,040
-
$154,700
$462,900
$617,600
