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    215 Jl Tyre St Screven, GA 31560
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    215 Jl Tyre St Screven, GA 31560

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    • Grocery and convenience stores
    • 10,640 SF
    • 0.98 lot acres
    Off-Market
    Property ID
    US22-2961208
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 215 Jl Tyre St

    Year built
    2024
    Lot size
    0.98 lot acres
    Property size
    10,640 SF
    Property type
    Grocery and convenience stores
    Property subtype
    Retail space

    Description

    This exceptional investment opportunity presents a brand-new, 10,640 square foot Dollar General Market in Screven, Georgia, situated within the Savannah MSA. The property boasts a 15-year absolute NNN lease commencing July 1, 2024, and expiring July 1, 2039, with a substantial remaining lease term of approximately 14.6 years. The lease includes attractive 5% rent increases every five years throughout the initial lease and option periods, ensuring consistent income growth. The property's strong financial performance is reflected in its current NOI of $140,508 and a compelling 6.75% cap rate. The asking price is $2,082,000. This "next-gen" Dollar General Market features an expanded product selection, including fresh produce, milk, and meats, catering to a broader customer base. The tenant, Dollar General (S&P: BBB), is a Fortune 500 company with a strong financial standing and an extensive network of over 20,000 locations. Strategically located on Highway 84 (6,220 VPD), this property benefits from high visibility and convenient access. The 0.98-acre lot provides ample space for the building and potential future expansion. The property's location in the rapidly growing Savannah MSA, a region known for its thriving tourism industry and significant military presence, further enhances its investment appeal. This is a rare opportunity to acquire a high-quality, net-leased retail property with a strong tenant, attractive lease terms, and significant upside potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Screven
    County
    Wayne
    State
    Georgia
    Longitude
    -82.0181499
    Latitude
    31.4856731

    Comparable in this City

    • $299,900
      1,668 SF

      Screven, GA Commercial Property

      Commercial shop with office building on 1.53 acres.
      1 E Jl Tyre St, Screven, GA 31560
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    • $145,000
      2,808 SF

      Downtown Screven Commercial Property on Highway

      Prime commercial property in downtown Screven with high potential.
      126 Jl Tyre St, Screven, GA 31560
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    • $145,000
      4,768 SF

      Screven Commercial Property For Sale

      Versatile commercial property in Screven, Georgia, suitable for various businesses.
      100 Walker St, Screven, GA 31560
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    • $135,000
      17.10 Acres

      Screven, GA Land Opportunity

      17.1 acres with utilities, mobile homes, and income potential.
      K'ville Rd, Screven, GA 31560
      View Details
    • New
      $154,900
      9.68 Acres

      Screven Land with Shop

      9.68 acres with shop and utilities in place.
      391 South Forks Rd, Screven, GA 31560
      View Details

    Similar Nearby for Sale

    • $299,900
      1,668 SF

      Screven, GA Commercial Property

      Commercial shop with office building on 1.53 acres.
      1 E Jl Tyre St, Screven, GA 31560
      View Details
    • $145,000
      2,808 SF

      Downtown Screven Commercial Property on Highway

      Prime commercial property in downtown Screven with high potential.
      126 Jl Tyre St, Screven, GA 31560
      View Details
    • $145,000
      4,768 SF

      Screven Commercial Property For Sale

      Versatile commercial property in Screven, Georgia, suitable for various businesses.
      100 Walker St, Screven, GA 31560
      View Details
    • $135,000
      17.10 Acres

      Screven, GA Land Opportunity

      17.1 acres with utilities, mobile homes, and income potential.
      K'ville Rd, Screven, GA 31560
      View Details
    • New
      $154,900
      9.68 Acres

      Screven Land with Shop

      9.68 acres with shop and utilities in place.
      391 South Forks Rd, Screven, GA 31560
      View Details
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    Screven, GA 31560
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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.

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