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Property profile & analytics
OFF-MARKET
Estimated value
$7,950,000
Assisted living facilities
3223 Falligant Ave Savannah, GA 31404-5339
Entity Owned
2-yr Hold
Free & Clear
Property ID
US22-1461656
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1996
Total area
70,246 SF
Lot
6.09 ac (265,106 SF)
Zoning code
R1
APN
3-0007 -01-016
UPID
US22-1461656
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
-
Dr. Peter Rives Pediatrician Physician
-
Thunderbolt Transitional Care & Rehabilitation Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.95M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.95M
Owner & transaction history
3223 Falligant Ave LLC · 2 yrs held
3223 Falligant Ave LLC
since 2024
Last sale
$8.0M
2 recorded transactions
Zoning & alternative use
R1 · Savannah, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$10.4M
+136.7%
Restaurant
$10.2M
+132.0%
Industrial (general)
$9.7M
+119.2%
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
$7,950,000
ML approach
$7,950,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$10,435,000
Change: +137% · Conversion: Difficult
RESTAURANT
$10,225,000
Change: +132% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$9,665,000
Change: +119% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,040,000
Change: +105% · Conversion: Difficult
OFFICE BUILDING
$8,190,000
Change: +86% · Conversion: Difficult
MEDICAL BUILDING
$6,950,000
Change: +58% · Conversion: Difficult
Blend value · Realmo final
$7.95M
Range $7.16M – $8.75M · ±10% · vs last sale $7.95M (Apr 18 2024)
Last sale anchor
$7.95M
Apr 18 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
$113 / 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
$2,747,000
Assessed 2024
Previous assessed
$3,164,000
-13.2% YoY
Assessed land
$238,560
Assessed improvement
$2,508,440
Land market value
$596,400
Improvement market value
$6,271,100
Total market value
$6,867,500
Applied tax rate
3.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1996
Heating
HEAT PUMP
Buildings
3
Stories
1
Total area
70,246 SF
Lot
6.09 ac (265,106 SF)
Zoning code
R1
APN
3-0007 -01-016
UPID
US22-1461656
Jurisdiction
CHATHAM
Zoning & alternative use
R1 · Savannah, GA
Zoning R1 · permitted uses
R1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$10.4M
RESTAURANT
Est. value
$10.2M
INDUSTRIAL (GENERAL)
Est. value
$9.7M
AUTO REPAIR, GARAGE
Est. value
$9.0M
OFFICE BUILDING
Est. value
$8.2M
MEDICAL BUILDING
Est. value
$7.0M
RETAIL STORES
RESTAURANT
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Heating
HEAT PUMP
Stories
1
Buildings
3
Lot
6.09 ac
Current owner
From public records · entity-resolved
3223 Falligant Ave LLC
Entity
Free & Clear · 2 yrs held
Mailing address
3223 FALLIGANT AVE, SAVANNAH, GA 31404-5339
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2024
$7,950,000
3223 Falligant Ave LLC
Spring Valley LLC
Warranty Deed
—
Sep 29, 2022
$2,235,754
Spring Valley LLC
William M Foster
Limited Warranty 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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