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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Commercial real estate
16 Foundation Dr Savannah, GA 31408-2212
Entity Owned
7-yr Hold
Free & Clear
Property ID
US22-1180876
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1979
Total area
2,912 SF
Lot
14.85 ac (646,866 SF)
Zoning code
I-H
APN
1-0606 -01-002C
UPID
US22-1180876
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
-
Marquardt & Mueller Machining Building Supply Metal Fabrication Plant
-
T.R. Jones Die Components Building Supply Metal Fabrication Plant
-
Metro Ports Savannah Shipping Company Logistics Company
-
Savannah International Terminal Local Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
$505k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$775k
Owner & transaction history
Gkt Properties INC · 7 yrs held
Gkt Properties INC
since 2018
2 recorded transactions
Zoning & alternative use
I-H · Savannah, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
District is established to provide sites for activities which involve large scale warehousing, processing, manufacturing facilities, major transportation terminals and waste related facilities
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
5,267.98 ac
Source
Realmo
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
$530,000
CAP Approach
CAP Return
Estimation
6%
$550,000
6.5%
$505,000
7%
$470,000
Blend value · Realmo final
$775k
Range $698k – $853k · ±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
$266 / 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
$1,803,600
Assessed 2023
Previous assessed
$1,566,760
+15.1% YoY
Assessed land
$475,200
Assessed improvement
$1,328,400
Land market value
$1,188,000
Improvement market value
$3,321,000
Total market value
$4,509,000
Applied tax rate
1.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1979
Heating
NONE
Buildings
10
Stories
2
Total area
2,912 SF
Lot
14.85 ac (646,866 SF)
Zoning code
I-H
APN
1-0606 -01-002C
UPID
US22-1180876
Jurisdiction
CHATHAM
Zoning & alternative use
I-H · Savannah, GAZoning I-H · permitted uses
I-H · Savannah, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
District is established to provide sites for activities which involve large scale warehousing, processing, manufacturing facilities, major transportation terminals and waste related facilities
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
5,267.98 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1979
Heating
NONE
Stories
2
Buildings
10
Lot
14.85 ac
Current owner
From public records · entity-resolved
Gkt Properties INC
Entity
Free & Clear · 7 yrs held
Mailing address
101 N LATHROP AVE, SAVANNAH, GA 31415-1054
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
Oct 12, 2018
$4,900,000
Gkt Properties INC
Southeast Maritime Svcs LLC
Warranty Deed
—
Mar 28, 2008
$7,750,000
Southeast Maritime Services Ll
Not Provided
Deed
$5,250,000 · City National Bank
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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