Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2019 Habersham St Savannah, GA 31401-8625

    • Turn key restaurants
    • 871 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0724981
    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

    • Narobia's Grits & Gravy / Southern Restaurant (Us) / American Restaurant

    Property Details for 2019 Habersham St

    Lot size
    0.05 lot acres
    Property size
    871 SF
    Zone code
    RB
    Property type
    Turn key restaurants
    APN
    2-0065 -16-006
    APU
    2006516006

    Description

    This exceptional Savannah commercial property, located at 2019 Habersham Street, presents a unique investment opportunity. The 2,178 square foot building, situated on a 0.05-acre lot, boasts a prime Midtown location with high visibility and foot traffic, benefiting from approximately 6,000 vehicles passing daily. Originally built in 1995 as a 700 square foot restaurant, it underwent a complete renovation in 2020, expanding to two stories and incorporating three new HVAC systems and a new roof. Currently configured as a restaurant, the property features a fully equipped commercial kitchen, three restrooms, and an outdoor balcony with seating for 70 patrons. The building's zoning is TC-1, offering flexibility for various uses. Its central location provides easy access to key areas, including East Broughton Street (8 minutes away) and Oglethorpe Mall (approximately 10 minutes away). This meticulously renovated property offers a blend of modern amenities and a desirable Savannah address, making it an ideal investment for discerning buyers. The property's Class B designation reflects its quality and recent upgrades.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.0956
    Latitude
    32.0566
    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
    $21,800
    $20,960
    $42,760
    -
    $54,500
    $52,400
    $106,900

    Comparable in this City

    • Value Estimation by Request
      3,177 SF

      535 39th St

      RESTAURANT • 3,177 SF
      535 39th St, Savannah, GA 31401-9025
      View Details
    • Value Estimation by Request
      973 SF

      1402 Habersham St

      RESTAURANT • 973 SF
      1402 Habersham St, Savannah, GA 31401-7327
      View Details
    • Value Estimation
      $3,935,000
      1,750 SF

      19 Riv St

      RESTAURANT • 1,750 SF
      19 Riv St, Savannah, GA 31401-1218
      View Details
    • Value Estimation by Request
      2,820 SF

      175 Bay St103w

      RESTAURANT • 2,820 SF
      175 Bay St103w, Savannah, GA 31401-1108
      View Details
    • Value Estimation
      $760,000
      5,215 SF

      7 Broughton St

      RESTAURANT • 5,215 SF
      7 Broughton St, Savannah, GA 31401-3301
      View Details
    • Value Estimation by Request
      2,414 SF

      604 Abercorn St

      RESTAURANT • 2,414 SF
      604 Abercorn St, Savannah, GA 31401-5702
      View Details

    Similar Nearby for Sale

    • $4,000,000
      11,292 SF

      Restaurant with additional 3 buildings to develop

      Individual retail properties • 11,292 SF
      109 Jefferson St, Savannah, GA 31401
      View Details
    • $5,500,000
      10,880 SF

      Savannah Downtown Commercial Duo

      Prime location, high traffic, restaurant & office space
      111 Martin Luther King Jr Blvd, Savannah, GA 31401
      View Details
    • $8,500,000
      10,215 SF

      Savannah Historic District Gem

      Mixed-use hotel & restaurant investment
      36 Martin Luther King Jr Blvd, Savannah, GA 31401
      View Details
    • $1,088,000
      2,729 SF

      Savannah Corner Commercial Property

      Downtown Savannah Bar/Restaurant
      2506 Barnard St, Savannah, GA 31401
      View Details
    • $950,000
      1,782 SF

      Iconic Starland Victorian For Sale

      Landmark Victorian in Savannah's vibrant Starland neighborhood, offering diverse potential.
      11 E 41St St, Savannah, GA 31401
      View Details
    • $1,080,000
      2,800 SF

      Savannah Mixed-Use Investment

      Historic District gem; high ROI potential.
      422 43Rd St, Savannah, GA 31401
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,100 SF

      Savannah Riverfront Retail Space

      Prime Restaurant Space in New Hotel
      601 River St, Savannah, GA 31401
      View Details
    • $60 SF/Yr
      11,800 SF

      River Street Historic Office Space

      Prime Savannah Office, 6,202 SF Available
      215 River St, Savannah, GA 31401
      View Details
    • New
      $32 SF/Yr
      2,800 SF

      Savannah Commercial Space For Lease

      Two-story commercial building in Savannah's Streetcar District available for lease.
      422 W 43Rd St, Savannah, GA 31401
      View Details
    • Contact for pricing
      80,893 SF

      Savannah's Premier Office Space

      Class A Office, Retail & Restaurant Spaces
      33 Bull St, Savannah, GA 31401
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space Near Savannah Riverwalk

      Ground floor retail space in new apartment community.
      630 Indian St, Savannah, GA 31401
      View Details
    • Contact for pricing
      55,560 SF

      Downtown Savannah Office Building

      Prestigious 10-story office space for lease
      24 Drayton St, Savannah, GA 31401
      View Details
    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.
    2019 Habersham St
    Savannah, GA 31401-8625
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.