Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    3001 Riv Dr Savannah, GA 31404-5179
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3001 Riv Dr Savannah, GA 31404-5179

    View on Map
    • Office buildings
    • 1,408 SF
    • 0.41 lot acres
    Off-Market
    Property ID
    US22-1395814
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • R L Construction Co / Construction Company
    • Coastal Civil Engineering / General Contractor
    • SCUBA Service & Supply / Department Store

    Property Details for 3001 Riv Dr

    Year built
    1948
    Lot size
    0.41 lot acres
    Property size
    1,408 SF
    Zone code
    C1
    Property type
    Office buildings
    APN
    3-0005 -06-001
    APU
    3000506001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.0508
    Latitude
    32.0289
    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
    $46,800
    $40,440
    $87,240
    -
    $117,000
    $101,100
    $218,100

    Comparable in this City

    • Value Estimation by Request
      3,324 SF

      1712 Frost Dr

      OFFICE BUILDING • 3,324 SF
      1712 Frost Dr, Savannah, GA 31404-2311
      View Details
    • Value Estimation by Request
      2,184 SF

      3228 Skidaway Rd

      OFFICE BUILDING • 2,184 SF
      3228 Skidaway Rd, Savannah, GA 31404-4961
      View Details
    • Value Estimation by Request
      1,648 SF

      1102 52nd St

      OFFICE BUILDING • 1,648 SF
      1102 52nd St, Savannah, GA 31404-4216
      View Details
    • Value Estimation
      $780,000
      3,568 SF

      1464 Victory Dr

      OFFICE BUILDING • 3,568 SF
      1464 Victory Dr, Savannah, GA 31404-4108
      View Details
    • Value Estimation
      $560,000
      2,824 SF

      5602 Waters Ave

      OFFICE BUILDING • 2,824 SF
      5602 Waters Ave, Savannah, GA 31404-6296
      View Details
    • Value Estimation by Request
      1,256 SF

      1201 56th St

      OFFICE BUILDING • 1,256 SF
      1201 56th St, Savannah, GA 31404-4623
      View Details

    Similar Nearby for Sale

    • $775,000
      1,740 SF

      Victory Drive Commercial Building For Sale

      1,740 SF commercial building with high visibility and frontage.
      3021 E Victory Dr, Savannah, GA 31404
      View Details
    • $295,000
      1,216 SF

      Savannah Commercial Property with Bonus

      Commercial property in Savannah's Medical Arts District with parking potential.
      1104 E 67Th St, Savannah, GA 31404
      View Details
    • 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
      View Details
    • $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
      View Details
    • 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
      View Details
    • $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
      View Details

    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
    • $875 /Mo
      1,070 SF

      Savannah Retail or Office Space

      Retail/office space suitable for various business types in Savannah.
      2009 Ash St, Savannah, GA 31404
      View Details
    • $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
    • $22 SF/Yr
      6,542 SF

      Office Space with Generator

      Office space for rent with abundant parking and generator.
      2812 Williams St, Savannah, GA 31404
      View Details
    • $15 SF/Yr
      61,685 SF

      Victory Drive Retail Space Available

      Retail spaces for lease in Victory Drive Shopping Center.
      2125 E Victory Dr, Savannah, GA 31404
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3001 Riv Dr
    Savannah, GA 31404-5179
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!