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Property profile & analytics
OFF-MARKET
Estimated value
$3,645,000
Investment properties
232 Broughton St, Savannah, GA 31401-3402
Individually Owned
5-yr Hold
Free & Clear
Property ID
US22-1445957
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1955
Total area
5,088 SF
Lot
0.12 ac (5,401 SF)
Zoning code
BC1
APN
2-0004 -40-002A
UPID
US22-1445957
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
-
The Melting Pot Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.99M
Blend (final)
Blend
$3.65M
Owner & transaction history
David Closky · 5 yrs held
David Closky
since 2021
Last sale
$3.1M
3 recorded transactions
Zoning & alternative use
BC1 · Savannah, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$2.8M
+21.5%
Restaurant
$2.8M
+20.8%
Retail stores
$2.5M
+8.8%
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
$3,990,000
ML approach
$4,055,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,305,000
Current use
INDUSTRIAL (GENERAL)
$2,800,000
Change: +21% · Conversion: Moderate
RESTAURANT
$2,780,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$2,505,000
Change: +9% · Conversion: Easy
OFFICE BUILDING
$2,275,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$3.65M
Range $3.28M – $4.01M · ±10% · vs last sale $3.10M (May 20 2021)
Last sale anchor
$3.10M
May 20 2021
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
$716 / 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
$1,288,440
Assessed 2024
Previous assessed
$1,288,440
+0.0% YoY
Assessed land
$259,200
Assessed improvement
$1,029,240
Land market value
$648,000
Improvement market value
$2,573,100
Total market value
$3,221,100
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1955
Heating
NONE
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Total area
5,088 SF
Lot
0.12 ac (5,401 SF)
Zoning code
BC1
APN
2-0004 -40-002A
UPID
US22-1445957
Jurisdiction
CHATHAM
Zoning & alternative use
BC1 · Savannah, GA
Zoning BC1 · permitted uses
BC1 · 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) Current
Est. value
$2.3M
INDUSTRIAL (GENERAL)
Est. value
$2.8M
RESTAURANT
Est. value
$2.8M
RETAIL STORES
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.3M
COMMERCIAL (GENERAL) Current
INDUSTRIAL (GENERAL)
RESTAURANT
RETAIL STORES
OFFICE BUILDING
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
1955
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
0.12 ac
Current owner
From public records · entity-resolved
David Closky
Individual
Free & Clear · 5 yrs held
Mailing address
5773 OXFORD MILFORD RD, SOMERVILLE, OH 45064-9737
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2021
$3,100,000
David Closky
The Savannah Lofts LLC
Warranty Deed
—
Oct 23, 2015
$2,350,543
The Savannah Lofts LLC
232 Eb LLC
Warranty Deed
—
May 15, 2014
$1,945,000
232 Eb LLC
William C Rhangos
Warranty Deed
$1,471,350 · Coastal 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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