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Property profile & analytics
OFF-MARKET
Estimated value
$2,150,000
Warehouses
2404 Cornwall St Savannah, GA 31415-5274
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-4117623
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1969
Total area
31,800 SF
Lot
2.21 ac (96,268 SF)
Zoning code
I-H
APN
2-0048 -04-005
UPID
US22-4117623
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.15M
Owner & transaction history
Magazine Avenue Realty LLC · 11 yrs held
Magazine Avenue Realty LLC
since 2014
4 recorded transactions
Zoning & alternative use
I-H · Savannah, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
District is established to provide sites for activities which involve large scale warehousing, processing, manufacturing facilities, major transportation terminals and waste related facilities
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
5,267.98 ac
Source
Realmo
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
$68 / 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
$215,720
Assessed 2024
Previous assessed
$217,040
-0.6% YoY
Assessed land
$167,520
Assessed improvement
$48,200
Land market value
$418,800
Improvement market value
$120,500
Total market value
$539,300
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1969
Heating
SPACE
Buildings
2
Stories
1
Total area
31,800 SF
Lot
2.21 ac (96,268 SF)
Zoning code
I-H
APN
2-0048 -04-005
UPID
US22-4117623
Jurisdiction
CHATHAM
Zoning & alternative use
I-H · Savannah, GAZoning I-H · permitted uses
I-H · Savannah, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
District is established to provide sites for activities which involve large scale warehousing, processing, manufacturing facilities, major transportation terminals and waste related facilities
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
5,267.98 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1969
Heating
SPACE
Stories
1
Buildings
2
Lot
2.21 ac
Current owner
From public records · entity-resolved
Magazine Avenue Realty LLC
Entity
Mailing address
4615 N LEWIS AVE, SIOUX FALLS, SD 57104-7116
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2017
—
Magazine Avenue Realty LLC
—
Deed
related
$2,540,200 · Ameris Bank
Dec 12, 2014
$325,000
Magazine Avenue Realty LLC
Ottawa Real Estate Development
Warranty Deed
$265,953 · United Community Bank
Nov 23, 2011
—
Ottawa Real Estate Development
Roger Youmans
Deed
—
Oct 23, 2006
$350,000
Roger Youmans
Not Provided
Deed
—
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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