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Property profile & analytics
OFF-MARKET
Estimated value
$1,245,000
Auto shops
2909 Bay St Savannah, GA 31408-3404
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US22-0957537
Property summary
AI-generated overview
This exceptional 4,250-square-foot automotive repair facility is available for immediate lease in Savannah, Georgia. Located at 2909 West Bay Street, near the intersection of Albion Street and Bay Street, this single-tenant property boasts an 85x50-foot enclosed four-bay truck shop featuring a 15-foot overhang and 16-foot roll-up doors. The property also includes dedicated office space, two bathrooms, and a convenient shower room. A fenced parking lot provides added security. The building is zoned B-H and its APN is 2002411008. This prime location offers easy access to major roadways, including I-516 and I-16, making it ideal for businesses serving the Savannah and GA Ports region. Electricity is included up to $1,000 per month. This is a rare opportunity to secure a well-equipped and strategically located industrial space in a thriving market. Don't miss out on this chance to establish or expand your automotive business in Savannah.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1986
Total area
7,219 SF
Lot
0.89 ac (38,594 SF)
Zoning code
BH
APN
2-0024 -11-008
UPID
US22-0957537
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
-
Motor Parts Co Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$853k
Blend (final)
Blend
$1.25M
Owner & transaction history
Pps Bay Street LLC · 1 yrs held
Pps Bay Street LLC
since 2025
Last sale
$1.4M
4 recorded transactions
Zoning & alternative use
BH · Savannah, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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.
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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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.25M
Range $1.12M – $1.37M · ±10% · vs last sale $1.44M (Nov 12 2024)
Last sale anchor
$1.44M
Nov 12 2024
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
$172 / 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
$282,400
Assessed 2024
Previous assessed
$295,040
-4.3% YoY
Assessed land
$83,360
Assessed improvement
$199,040
Land market value
$208,400
Improvement market value
$497,600
Total market value
$706,000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1986
Heating
SPACE
Buildings
11
Stories
1
Total area
7,219 SF
Lot
0.89 ac (38,594 SF)
Zoning code
BH
APN
2-0024 -11-008
UPID
US22-0957537
Jurisdiction
CHATHAM
Zoning & alternative use
BH · Savannah, GA
Zoning BH · permitted uses
BH · 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.
Building & site characteristics
From public records
Year built
1986
Heating
SPACE
Stories
1
Buildings
11
Lot
0.89 ac
Current owner
From public records · entity-resolved
Pps Bay Street LLC
Entity
Mailing address
12 HARTLAND CT, SAVANNAH, GA 31407-5029
Ownership since
2025
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
Feb 12, 2025
$1,440,000
Pps Bay Street LLC
Funk Estates LLC
Warranty Deed
$1,224,000 · Synovus Bank
Jan 13, 2023
—
Funk Estates LLC
—
Deed
related
$476,000 · Small Business Assistance
Jan 12, 2023
—
Funk Estates LLC
—
Deed
related
$579,000 · Queensborough National Bank
Sep 14, 2018
$350,000
Funk Estates LLC
James B Marston
Warranty Deed
$200,000 · Small Business Assistance
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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