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Property profile & analytics
OFF-MARKET
Estimated value
$12,080,000
Hotels
321 Bay St, Savannah, GA 31401-1112
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US22-1009386
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2006
Total area
108,996 SF
Lot
0.38 ac (16,470 SF)
Zoning code
BG
APN
2-0016 -02-006
UPID
US22-1009386
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
-
Hilton Garden Inn Savannah Historic District Hotel & Motel
-
parkingmgt.com Parking Lot & Garage
-
Gentle Dental Savannah Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.97M
Comparable Approach
Comparable
$8.57M
Blend (final)
Blend
$12.08M
Owner & transaction history
Np Bay Ventures LLC · 8 yrs held
Np Bay Ventures LLC
since 2017
3 recorded transactions
Zoning & alternative use
BG · 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.
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$16,220,000
6.5%
$14,970,000
7%
$13,900,000
Blend value · Realmo final
$12.08M
Range $10.87M – $13.29M · ±10%
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
$111 / 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
$12,225,040
Assessed 2024
Previous assessed
$12,622,000
-3.1% YoY
Assessed land
$790,560
Assessed improvement
$11,434,480
Land market value
$1,976,400
Improvement market value
$28,586,200
Total market value
$30,562,600
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2006
Heating
HEAT PUMP
Buildings
3
Stories
2
Total area
108,996 SF
Lot
0.38 ac (16,470 SF)
Zoning code
BG
APN
2-0016 -02-006
UPID
US22-1009386
Jurisdiction
CHATHAM
Zoning & alternative use
BG · Savannah, GA
Zoning BG · permitted uses
BG · 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
2006
Heating
HEAT PUMP
Stories
2
Buildings
3
Lot
0.38 ac
Current owner
From public records · entity-resolved
Np Bay Ventures LLC
Entity
Mailing address
3405 PIEDMONT RD NE STE #550, ATLANTA, GA 30305-1796
Ownership since
2017
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
Oct 31, 2017
—
Np Bay Ventures LLC
Np Savannah Ventures LLC
Warranty Deed
$25,000 · Wells Fargo Bank NA
Aug 31, 2016
—
Np Savannah Ventures LLC
Savannah Ventures II Ll
Warranty Deed
$19,500,000 · Synovus Bank
Sep 15, 2006
$10,348,500
Np Savannah Ventures II LLC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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