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Property profile & analytics
OFF-MARKET
Estimated value
$885,000
Office buildings
187 Fig Is Dr Savannah, GA 31421-7011
Entity Owned
13-yr Hold
Free & Clear
Property ID
US22-1959478
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2011
Total area
4,130 SF
Lot
3.03 ac (131,987 SF)
Zoning code
I-H
APN
2-0163 -01-008
UPID
US22-1959478
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
-
Moran Savannah Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$940k
Comparable Approach
Comparable
$989k
Blend (final)
Blend
$885k
Owner & transaction history
Morgan Towing Corp · 13 yrs held
Morgan Towing Corp
since 2012
1 recorded transaction
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
Top alternative use upside
Neighborhood: shopping center
$1.5M
+64.7%
Warehouse, storage
$1.3M
+52.2%
Medical building
$1.3M
+48.4%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,020,000
6.5%
$940,000
7%
$875,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$880,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,450,000
Change: +65% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,340,000
Change: +52% · Conversion: Difficult
MEDICAL BUILDING
$1,305,000
Change: +48% · Conversion: Easy
RETAIL STORES
$1,255,000
Change: +43% · Conversion: Moderate
Blend value · Realmo final
$885k
Range $797k – $974k · ±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
$214 / 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
$1,496,800
Assessed 2024
Previous assessed
$1,532,800
-2.3% YoY
Assessed land
$227,960
Assessed improvement
$1,268,840
Land market value
$569,900
Improvement market value
$3,172,100
Total market value
$3,742,000
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2011
Heating
NONE
Buildings
3
Stories
1
Total area
4,130 SF
Lot
3.03 ac (131,987 SF)
Zoning code
I-H
APN
2-0163 -01-008
UPID
US22-1959478
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$880,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.3M
RETAIL STORES
Est. value
$1.3M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
MEDICAL BUILDING
RETAIL STORES
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
2011
Heating
NONE
Stories
1
Buildings
3
Lot
3.03 ac
Current owner
From public records · entity-resolved
Morgan Towing Corp
Entity
Free & Clear · 13 yrs held
Mailing address
PO BOX 250509, ATLANTA, GA 30325-1509
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2012
$5,405,803
Morgan Towing Corp
Island Developm Hutchinson
Warranty Deed
—
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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