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Property profile & analytics
FOR LEASE
Community centers
1815 E Victory Dr Savannah, GA 31404
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US22-3580479
For Lease
1 / 4
$17,920,000
1815 E Victory Dr, Savannah, GA 31404
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2013
Total area
51,177 SF
Lot
4.51 ac (196,456 SF)
Zoning code
BH
APN
2-0078 -13-018
UPID
US22-3580479
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
-
Amazon Hub Locker - Victory Postal Service Courier Service
-
Whole Foods Market Grocery & Convenience Store Food Market
-
WFM Coffee Bar Cafe & Coffee Shop
-
Papas Lockers Self Storage Unit Storage Facility
-
The Lash Lounge Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.01M
CAP Approach
CAP
$11.05M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.92M
Owner & transaction history
Victory Plaza LLC · 5 yrs held
Victory Plaza LLC
since 2021
Last sale
$20.7M
2 recorded transactions
Zoning & alternative use
BH · Savannah, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$29.5M
+64.3%
Industrial (general)
$28.1M
+56.7%
Restaurant
$28.0M
+55.9%
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
$11,010,000
CAP Approach
CAP Return
Estimation
6%
$11,970,000
6.5%
$11,050,000
7%
$10,260,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$17,955,000
Current use
COMMERCIAL (GENERAL)
$29,500,000
Change: +64% · Conversion: Easy
INDUSTRIAL (GENERAL)
$28,140,000
Change: +57% · Conversion: Difficult
RESTAURANT
$27,985,000
Change: +56% · Conversion: Difficult
AUTO REPAIR, GARAGE
$20,175,000
Change: +12% · Conversion: Difficult
WAREHOUSE, STORAGE
$16,590,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$16,170,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$17.92M
Range $16.13M – $19.71M · ±10% · vs last sale $20.65M (Feb 23 2021)
Last sale anchor
$20.65M
Feb 23 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
$350 / 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
$6,806,560
Assessed 2024
Previous assessed
$6,806,560
+0.0% YoY
Assessed land
$825,120
Assessed improvement
$5,981,440
Land market value
$2,062,800
Improvement market value
$14,953,600
Total market value
$17,016,400
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
2013
Heating
NONE
Buildings
2
Stories
1
Total area
51,177 SF
Lot
4.51 ac (196,456 SF)
Zoning code
BH
APN
2-0078 -13-018
UPID
US22-3580479
Jurisdiction
CHATHAM
Zoning & alternative use
BH · Savannah, GA
Zoning BH · permitted uses
BH · Savannah, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Savannah. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$18.0M
COMMERCIAL (GENERAL)
Est. value
$29.5M
INDUSTRIAL (GENERAL)
Est. value
$28.1M
RESTAURANT
Est. value
$28.0M
AUTO REPAIR, GARAGE
Est. value
$20.2M
WAREHOUSE, STORAGE
Est. value
$16.6M
MEDICAL BUILDING
Est. value
$16.2M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2013
Heating
NONE
Stories
1
Buildings
2
Lot
4.51 ac
Current owner
From public records · entity-resolved
Victory Plaza LLC
Entity
Mailing address
3 W MAIN ST STE #303, IRVINGTON, NY 10533-3505
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 23, 2021
$20,650,000
Victory Plaza LLC
Clpf Victory Station LLC
Limited Warranty Deed
$12,000,000 · Rga Reinsurance
Feb 23, 2021
—
Victory Plaza LLC
Clpf Victory Station LLC
Quit Claim Deed
related
$12,000,000 · Rga Reinsurance
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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