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22 W Oglethorpe Ave Savannah, GA 31401

Retail space Google Maps
1,070 SF 0.02 ac lot Built 1925
Entity Owned 5-yr Hold ~ Est. High Equity
Estimated value (blended)
$450k
Range $405k – $495k (±10%)
Property ID US22-0261867

Property summary

AI-generated overview

This exceptional office building, located at 22 W Oglethorpe Avenue Unit H in Savannah, Georgia's Landmark Historic District, presents a unique investment opportunity. Situated on a 0.02-acre lot at the highly visible northeast corner of W Oglethorpe Avenue and Whitaker Street, this property boasts excellent exposure to significant daily vehicular and pedestrian traffic. The building benefits from a long-term triple-net lease with CORA Physical Therapy, extending until 2027. This provides immediate and consistent cash flow for the investor. The lease agreement includes annual rent increases tied to the Consumer Price Index (CPI), ensuring future income growth. The property's prime location within the historic district offers exceptional visibility and accessibility, making it an attractive proposition for both current and future tenants. The building's size is not specified in the provided information. Given its location and the established tenant, this property represents a stable and potentially appreciating asset in a highly desirable area of Savannah. The strong lease terms and prime location combine to create a compelling investment opportunity for discerning buyers seeking a reliable income stream in a vibrant and historic setting. This is a rare chance to acquire a well-positioned commercial property in the heart of Savannah's historic district.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1925
Total area 1,070 SF
Lot 0.02 ac (1,072 SF)
Zoning code BC1
APN 2-0015 -09-022
UPID US22-0261867

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Physician
  • Physician

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$435k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$450k

Owner & transaction history

since 2021
Last sale
$350,000
6 recorded transactions
2021
Price N/A
2021
$350,000
2011
Price N/A
2011
Price N/A
2009
$180,000
2005
$184,000

Zoning & alternative use

BC1 · Savannah, GA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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