Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2 Lee Blvd Savannah, GA 31405-5708
    Back to Search
    Property profile & analytics

    2 Lee Blvd Savannah, GA 31405-5708

    View on Map
    • Motels
    • 14,653 SF
    • 2.33 lot acres
    Off-Market
    Property ID
    US22-1644869
    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.
    Value Estimations
    $1,695,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Baymont by Wyndham Savannah Midtown / Hotel & Motel
    • 2 Lee Boulevard Parking / Parking Lot & Garage

    Property Details for 2 Lee Blvd

    Year built
    1990
    Lot size
    2.33 lot acres
    Property size
    14,653 SF
    Zone code
    RIP
    Property type
    Motels
    APN
    2-0130 -04-005
    APU
    2013004005

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,180,000
      6.5%
      $2,015,000
      7%
      $1,870,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.1128
    Latitude
    32.0205
    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
    $710,600
    $1,204,880
    $1,915,480
    -
    $1,776,500
    $3,012,200
    $4,788,700

    Comparable in this City

    • Value Estimation
      $1,360,000
      11,520 SF

      201 Stephenson Ave

      MOTEL • 11,520 SF
      201 Stephenson Ave, Savannah, GA 31405-5930
      View Details
    • Value Estimation
      $3,620,000
      24,725 SF

      211 Stephenson Ave

      MOTEL • 24,725 SF
      211 Stephenson Ave, Savannah, GA 31405-5930
      View Details
    • Value Estimation
      $775,000
      8,092 SF

      4015 Ogeechee Rd

      MOTEL • 8,092 SF
      4015 Ogeechee Rd, Savannah, GA 31405-1315
      View Details
    • Value Estimation
      $2,035,000
      5,712 SF

      3822 Ogeechee Rd

      MOTEL • 5,712 SF
      3822 Ogeechee Rd, Savannah, GA 31405-1312
      View Details
    • Value Estimation by Request
      2,502 SF

      5015 Ogeechee Rd

      MOTEL • 2,502 SF
      5015 Ogeechee Rd, Savannah, GA 31405-2505
      View Details
    • Value Estimation
      $8,000,000
      11,916 SF

      6502 White Blf Rd

      MOTEL • 11,916 SF
      6502 White Blf Rd, Savannah, GA 31405
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Savannah Medical Office Redevelopment Opportunity

      Single-tenant medical office building with redevelopment potential on 1.8 acres.
      6301 Abercorn St, Savannah, GA 31405
      View Details
    • Contact for pricing
      4,158 SF

      Miami Vice-Style Home with Apartment

      Custom-built home with attached apartment, ideal for Airbnb.
      102 Stuart St, Savannah, GA 31405
      View Details
    • Contact for pricing

      Commercial Land For Sale

      Commercial land suitable for various business and office uses.
      Mills B Lane Blvd, Savannah, GA 31405
      View Details
    • $2,300,000
      15,327 SF

      Freestanding Building Near Hull Park

      Freestanding 15,327 SF building suitable for school use.
      505 E 54Th St, Savannah, GA 31405
      View Details
    • Contact for pricing

      Commercial Land I-16 Frontage

      13.81 acres with high visibility and traffic.
      1486 Dean Forest Rd, Savannah, GA 31405
      View Details
    • $850,000
      2.86 Acres

      Residential Land in Gated Community

      2.86 acre lot suitable for 16 condo units.
      Woodside Cv, Savannah, GA 31405
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Savannah Retail/Office Space For Lease

      Flexible retail/office space in high-growth Savannah location.
      4410 Ogeechee Rd, Savannah, GA 31405
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space Available For Lease

      Retail space available for lease in Savannah, GA.
      1940 Mills B Lane Blvd, Savannah, GA 31405
      View Details
    • Contact for pricing

      Retail Center on DeRenne Avenue

      Retail center with high visibility and ample parking.
      44 E De Renne Ave, Savannah, GA 31405
      View Details
    • $17 SF/Yr
      2,839 SF

      High-Exposure Freestanding Building For Lease

      Freestanding building with high visibility and accessibility on busy corridor.
      9 W De Renne Ave, Savannah, GA 31405
      View Details
    • $2,325 /Mo
      8,407 SF

      Savannah Retail Space For Rent

      1,550 sq ft retail space in high-traffic Savannah location.
      605 E 69Th St, Savannah, GA 31405
      View Details
    • $2,475 /Mo
      1,122 SF

      Savannah Office Space For Rent

      1,122 sq ft office space in central Savannah.
      6349 Abercorn St, Savannah, GA 31405
      View Details

    Property Visit Statistics

    • Visits by month
      4.2k
    • Visitors by month
      1.8k
    • Avg Time on site
      491 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2 Lee Blvd
    Savannah, GA 31405-5708
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2 Lee Blvd, Savannah, GA, 31405
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!