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    2702 Whatley Ave Savannah, GA 31404-4540
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    Property profile & analytics

    2702 Whatley Ave Savannah, GA 31404-4540

    View on Map
    • Office buildings
    • 8,520 SF
    • 0.55 lot acres
    Off-Market
    Property ID
    US22-1623950
    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
    $1,265,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • harmony at meridian hoa / Association / Organization
    • Spring Lake Hoa / Association / Organization
    • FuturePlan by Ascensus / Corporate Office

    Property Details for 2702 Whatley Ave

    Year built
    2002
    Lot size
    0.55 lot acres
    Property size
    8,520 SF
    Zone code
    B
    Property type
    Office buildings
    APN
    3-0004 -13-016
    APU
    3000413016

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,004,000
      Market price range: $464k - $1.40M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,815,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.0556
    Latitude
    32.0349
    CBSA code
    42340
    CBSA name
    SAVANNAH, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $43,120
    $304,480
    $347,600
    -
    $107,800
    $761,200
    $869,000

    Comparable in this City

    • Value Estimation by Request
      1,256 SF

      1201 56th St

      OFFICE BUILDING • 1,256 SF
      1201 56th St, Savannah, GA 31404-4623
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    • Value Estimation by Request
      1,216 SF

      1104 67th St

      OFFICE BUILDING • 1,216 SF
      1104 67th St, Savannah, GA 31404-5708
      View Details
    • Value Estimation
      $555,000
      5,000 SF

      2436 Waters Ave

      OFFICE BUILDING • 5,000 SF
      2436 Waters Ave, Savannah, GA 31404-6149
      View Details
    • Value Estimation by Request
      1,716 SF

      2816 Bee Rd

      OFFICE BUILDING • 1,716 SF
      2816 Bee Rd, Savannah, GA 31404-4202
      View Details
    • Value Estimation by Request
      1,200 SF

      2130 Shell Rd

      OFFICE BUILDING • 1,200 SF
      2130 Shell Rd, Savannah, GA 31404-4449
      View Details
    • Value Estimation
      $535,000
      1,740 SF

      3021 Victory Dr

      OFFICE BUILDING • 1,740 SF
      3021 Victory Dr, Savannah, GA 31404-3973
      View Details

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    • $295,000
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      Savannah Commercial Property with Bonus

      Commercial property in Savannah's Medical Arts District with parking potential.
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    • New
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    • $845,000
      6,000 SF

      Versatile Commercial Space on Skidaway Road

      High-traffic location suitable for retail, office, or light commercial services.
      3104 Skidaway Rd, Savannah, GA 31404
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    • New
      $650,000
      2,952 SF

      Savannah Live-Work Commercial Opportunity

      Commercial building with residential cottage near high-traffic area.
      2203 Skidaway Rd, Savannah, GA 31404
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    • $650,000
      2,952 SF

      Commercial and Residential Package Opportunity

      Live-work property near Skidaway Road and Victory Drive intersection.
      2203 Skidaway Rd, Savannah, GA 31404
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    Similar Nearby for Lease

    • $4,300 /Mo
      1,740 SF

      Freestanding Commercial Building on Victory Drive

      1740 sqft commercial building with high visibility and frontage.
      3021 E Victory Dr, Savannah, GA 31404
      View Details
    • $24 SF/Yr
      3,600 SF

      Office Space on Victory Drive

      Single-tenant office building suitable for various professional uses.
      1464 E Victory Dr, Savannah, GA 31404
      View Details
    • $22 SF/Yr
      6,542 SF

      Office Space with Generator

      Office space for rent with abundant parking and generator.
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    • $875 /Mo
      1,070 SF

      Savannah Retail or Office Space

      Retail/office space suitable for various business types in Savannah.
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    • $38 SF/Yr
      2,831 SF

      Office Space For Rent

      Office space available for lease in Savannah, GA.
      120 Riverview Dr, Savannah, GA 31404
      View Details
    • $6 SF/Yr
      Pending

      Spacious Commercial Building on Waters

      Spacious commercial building with roll-up doors near high-traffic intersection.
      3936 Waters Avenue Ct, Savannah, GA 31404
      View Details
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    2702 Whatley Ave
    Savannah, GA 31404-4540
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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.

    More about this property
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