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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2 Alfred St Savannah, GA 31408-3235

    • Warehouses
    • 3,600 SF
    • 7.07 lot acres
    OFF-MARKET
    Value Estimations
    $530,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0972324
    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.

    Current Use by Public Records

    • Warehouses

    Property Details for 2 Alfred St

    Year built
    1982
    Lot size
    7.07 lot acres
    Property size
    3,600 SF
    Zone code
    I-H
    Property type
    Warehouses
    APN
    2-0628 -07-009
    APU
    2062807009

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $440,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $615,000
      Market price range: $165k - $616k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.1338
    Latitude
    32.0874
    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
    $169,680
    $4,399,200
    $4,568,880
    -
    $424,200
    $10,998,000
    $11,422,200

    Comparable in this City

    • Value Estimation by Request

      Dean Forest Rd

      Distribution properties
      0 Dean Forest Rd, Pooler, GA 31408
      View Details
    • Value Estimation
      $590,000
      22.29 Acres

      2150 Dean Frst Rd

      WAREHOUSE, STORAGE • 22.29 Acres
      2150 Dean Frst Rd, Savannah, GA 31408-9734
      View Details
    • Value Estimation
      $335,000
      4,000 SF

      124 Airport Park Dr

      WAREHOUSE, STORAGE • 4,000 SF
      124 Airport Park Dr, Savannah, GA 31408-9544
      View Details
    • Value Estimation
      $290,000
      4,200 SF

      211 Us Hwy 80th W

      MINI-WAREHOUSE, STORAGE • 4,200 SF
      211 Us Hwy 80th W, Garden City, GA 31408-3101
      View Details
    • Value Estimation
      $265,000
      1,200 SF

      2206 Us Hwy 80th W

      MINI-WAREHOUSE, STORAGE • 1,200 SF
      2206 Us Hwy 80th W, Savannah, GA 31408-2911
      View Details
    • Value Estimation
      $345,000
      4,000 SF

      524 Us Hwy 80th W

      MINI-WAREHOUSE, STORAGE • 4,000 SF
      524 Us Hwy 80th W, Savannah, GA 31408-3108
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      26,175 SF

      Warehouse Space in West Chatham

      26,175 SF warehouse space for lease in Savannah, GA.
      5B W Chatham Ct, Savannah, GA 31408
      View Details
    • $1,600,000
      2.98 Acres

      Savannah Industrial Land - $1.6M

      Prime 2.98-acre commercial/industrial lot.
      103 Prosperity Dr, Savannah, GA 31408
      View Details
    • $1,800,000
      2.00 Acres

      Garden City Industrial Land - $1.8M

      2-Acre Industrial Lot, Prime Location
      204 Dean Forest Rd, Garden City, GA 31408
      View Details
    • $4,000,000
      3.00 Acres

      Garden City Multi-Family Land

      3-Acre Residential Development Opportunity
      67 Brampton Rd, Savannah, GA 31408
      View Details
    • $1,200,000
      0.79 Acres

      Savannah Retail Investment Opportunity

      High-visibility Dean Forest Road retail site.
      1564 Dean Forest Rd, Savannah, GA 31408
      View Details
    • $40,000

      Vacant Lot with Highway Visibility

      Vacant commercial land with great visibility from major highway.
      11 Colonial Trl, Garden City, GA 31408
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      109,200 SF

      Garden City Warehouse Sublease Opportunity

      Modern warehouse, ±109,200 SF, Port proximity.
      2509 Dean Forest Rd, Garden City, GA 31408
      View Details
    • Contact for pricing
      404,957 SF

      CenterPoint Industrial: Savannah, GA

      Class A Warehouse Space, Savannah Port Proximity
      0 Dean Forest Rd, Pooler, GA 31408
      View Details
    • Contact for pricing
      332,450 SF

      Crossgate Industrial Park Warehouse

      Modern Savannah Warehouse, Port Proximity
      54 National Dr, Savannah, GA 31408
      View Details
    • Contact for pricing
      42,000 SF

      New Warehouse Space Near Port

      New construction warehouse space available near the Port of Savannah.
      224 Bourne Blvd, Savannah, GA 31408
      View Details
    • Contact for pricing
      75,705 SF

      Savannah Warehouse - 75,705 SF

      Prime Savannah warehouse, ample parking, secure yard.
      126 Gignilliat Cir, Savannah, GA 31408
      View Details
    • Contact for pricing
      109,200 SF

      Industrial Crossdock Warehouse Sublease Available

      109,200 SF industrial space near Port of Savannah.
      2509 Dean Forest Rd, Savannah, GA 31408
      View Details
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    2 Alfred St
    Savannah, GA 31408-3235
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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