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Property profile & analytics
OFF-MARKET
Estimated value
$1,050,000
Assisted living facilities
2040 Colonial Dr Savannah, GA 31406-2226
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US22-1491558
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1973
Total area
31,921 SF
Lot
1.61 ac (70,349 SF)
Zoning code
R6
APN
2-0136 -04-009
UPID
US22-1491558
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
-
Azalealand Nursing Home Inc Nursing Home
-
Amber Kern Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.05M
Owner & transaction history
Azalealand Holdings LLC · 7 yrs held
Azalealand Holdings LLC
since 2018
2 recorded transactions
Zoning & alternative use
R6 · Savannah, GA
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$33 / 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
$1,088,360
Assessed 2024
Previous assessed
$1,172,040
-7.1% YoY
Assessed land
$73,880
Assessed improvement
$1,014,480
Land market value
$184,700
Improvement market value
$2,536,200
Total market value
$2,720,900
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1973
Heating
HEAT PUMP
Buildings
4
Stories
1
Total area
31,921 SF
Lot
1.61 ac (70,349 SF)
Zoning code
R6
APN
2-0136 -04-009
UPID
US22-1491558
Jurisdiction
CHATHAM
Zoning & alternative use
R6 · Savannah, GAZoning R6 · permitted uses
R6 · Savannah, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning District R B
Building & site characteristics
From public records
Year built
1973
Heating
HEAT PUMP
Stories
1
Buildings
4
Lot
1.61 ac
Current owner
From public records · entity-resolved
Azalealand Holdings LLC
Entity
Mailing address
2040 COLONIAL DR, SAVANNAH, GA 31406-2226
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2018
—
Azalealand Holdings LLC
—
Deed
related
$1,784,000 · Small Brsiness Assistance
Jul 5, 2016
—
Azalealand Holdings LLC
—
Deed
related
$1,743,050 · Synovus Bank
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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