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Property profile & analytics
OFF-MARKET
Estimated value
$12,365,000
Office buildings
204 Old W Lathrop Ave Savannah, GA 31415-1757
Entity Owned
3-yr Hold
Free & Clear
Property ID
US22-1845211
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Total area
15,120 SF
Lot
13.5 ac (588,060 SF)
Zoning code
I-L
APN
2-0600 -02-001
UPID
US22-1845211
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
-
Chatham Service Bureau Industrial Manufacturer Production Facility
-
Bradley-Dixie Co. Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.53M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.37M
Owner & transaction history
Savannah Realty Properties LLC · 3 yrs held
Savannah Realty Properties LLC
since 2022
Last sale
$13.5M
5 recorded transactions
Zoning & alternative use
I-L · Savannah, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.7M
+170.6%
Industrial (general)
$8.3M
+158.2%
Restaurant
$8.3M
+156.7%
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
$10,895,000
ML approach
$11,525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$8,715,000
Change: +171% · Conversion: Easy
INDUSTRIAL (GENERAL)
$8,315,000
Change: +158% · Conversion: Difficult
RESTAURANT
$8,270,000
Change: +157% · Conversion: Moderate
Blend value · Realmo final
$12.37M
Range $11.13M – $13.60M · ±10% · vs last sale $13.52M (Dec 20 2022)
Last sale anchor
$13.52M
Dec 20 2022
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
$818 / 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
$636,360
Assessed 2024
Previous assessed
$636,360
+0.0% YoY
Assessed land
$324,000
Assessed improvement
$312,360
Land market value
$810,000
Improvement market value
$780,900
Total market value
$1,590,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1987
Heating
NONE
Buildings
3
Stories
2
Total area
15,120 SF
Lot
13.5 ac (588,060 SF)
Zoning code
I-L
APN
2-0600 -02-001
UPID
US22-1845211
Jurisdiction
CHATHAM
Zoning & alternative use
I-L · Savannah, GA
Zoning I-L · permitted uses
I-L · 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
COMMERCIAL (GENERAL)
Est. value
$8.7M
INDUSTRIAL (GENERAL)
Est. value
$8.3M
RESTAURANT
Est. value
$8.3M
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
RESTAURANT
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
1987
Heating
NONE
Stories
2
Buildings
3
Lot
13.5 ac
Current owner
From public records · entity-resolved
Savannah Realty Properties LLC
Entity
Free & Clear · 3 yrs held
Mailing address
875 W POPLAR AVE STE #23, COLLIERVILLE, TN 38017-2598
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2022
—
Savannah Realty Properties LLC
Bpc Savannah Property LLC
Quit Claim Deed
related
—
Dec 20, 2022
$13,520,100
Savannah Realty Properties LLC
Scoco Property LLC
Limited Warranty Deed
$17,750,000 · Truist Bank
Jun 4, 2016
—
Bradley Wheeler Kirsch
Jane Bradley Wheeler
Warranty Deed
—
May 31, 2016
—
Louise Bradley Johnson
Daniel Howard Bradley
Warranty Deed
—
Dec 31, 2012
—
William Waldo Bradley
William Waldo Bradley
Warranty Deed
related
—
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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