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Property profile & analytics
OFF-MARKET
Estimated value
$1,480,000
Motels
1600 Bay St Savannah, GA 31415-1506
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US22-4709681
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1942
Total area
2,420 SF
Lot
2.53 ac (110,207 SF)
Zoning code
BG
APN
2-0020 -11-009
UPID
US22-4709681
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
-
KELLYS AURA SHOP Spiritual Center
-
Alamo Plaza Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.53M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.76M
Blend (final)
Blend
$1.48M
Owner & transaction history
Vd & Jp Morar LLC · 5 yrs held
Vd & Jp Morar LLC
since 2021
Last sale
$1.2M
2 recorded transactions
Zoning & alternative use
BG · Savannah, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning District R B
Top alternative use upside
Commercial (general)
$1.4M
+63.7%
Auto repair, garage
$955,000
+12.0%
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
$1,480,000
ML approach
$1,525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$850,000
Current use
COMMERCIAL (GENERAL)
$1,395,000
Change: +64% · Conversion: Difficult
AUTO REPAIR, GARAGE
$955,000
Change: +12% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$850,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$765,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$1.48M
Range $1.33M – $1.63M · ±10% · vs last sale $1.15M (Feb 1 2021)
Last sale anchor
$1.15M
Feb 1 2021
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
$612 / 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
$505,600
Assessed 2024
Previous assessed
$499,840
+1.2% YoY
Assessed land
$224,840
Assessed improvement
$280,760
Land market value
$562,100
Improvement market value
$701,900
Total market value
$1,264,000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1942
Heating
HEAT PUMP
Buildings
28
Stories
1
Total area
2,420 SF
Lot
2.53 ac (110,207 SF)
Zoning code
BG
APN
2-0020 -11-009
UPID
US22-4709681
Jurisdiction
CHATHAM
Zoning & alternative use
BG · Savannah, GAZoning BG · permitted uses
BG · Savannah, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning District R B
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$850,000
COMMERCIAL (GENERAL)
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$955,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$850,000
MEDICAL BUILDING
Est. value
$765,000
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1942
Heating
HEAT PUMP
Stories
1
Buildings
28
Lot
2.53 ac
Current owner
From public records · entity-resolved
Vd & Jp Morar LLC
Entity
Mailing address
17009 ABERCORN ST, SAVANNAH, GA 31419-9787
Ownership since
2021
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
Feb 1, 2021
$1,150,000
Vd & Jp Morar LLC
Pathron Grp INC
Warranty Deed
$1,150,000 · Pathron Group
Oct 4, 2007
$800,000
Pathron Group Incorporated
Not Provided
Deed
$600,000 · Ambe
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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