Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    329 Commercial Dr Savannah, GA 31406-3630
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    329 Commercial Dr Savannah, GA 31406-3630

    View on Map
    • Office buildings
    • 37,880 SF
    • 1.65 lot acres
    Off-Market
    Property ID
    US22-1609062
    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
    $6,845,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Heather Murphy Real Estate Group / Real Estate Agency
    • Savannah Appraisal and Consulting LLC / Real Estate Agency
    • Johnny Satterwhite - Savannah Realtor with Keller Williams / Real Estate Agency
    • Deborah Leslie, Realtor- Keller Williams Coastal Area Partners / Real Estate Agency
    • Jordan McNear, Realtor / Real Estate Agency

    Property Details for 329 Commercial Dr

    Year built
    1981
    Lot size
    1.65 lot acres
    Property size
    37,880 SF
    Zone code
    PUDB
    Property type
    Office buildings
    APN
    2-0491 -10-007
    APU
    2049110007

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $9,360,000
      6.5%
      $8,640,000
      7%
      $8,025,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,372,000
      Market price range: $3.85M - $9.46M
      AI Estimate
      $6,517,000
      Market price range: $4.02M - $10.8M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $6,060,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.1069
    Latitude
    32.004
    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
    $259,080
    $1,055,120
    $1,314,200
    -
    $647,700
    $2,637,800
    $3,285,500

    Comparable in this City

    • Value Estimation by Request
      680 SF

      7370 Hodgson Memorial Dr Ste C11

      OFFICE BUILDING • 680 SF
      7370 Hodgson Memorial Dr Ste C11, Savannah, GA 31406-2572
      View Details
    • Value Estimation by Request
      960 SF

      221 Executive Cir Ste, Unit 4

      OFFICE BUILDING • 960 SF
      221 Executive Cir Ste, Savannah, GA 31406-4529
      View Details
    • Value Estimation by Request
      960 SF

      221 Executive Cir Ste, Unit 9

      OFFICE BUILDING • 960 SF
      221 Executive Cir Ste, Savannah, GA 31406-4529
      View Details
    • Value Estimation by Request
      1,838 SF

      116 Oglethorpe Professional Ct

      OFFICE BUILDING • 1,838 SF
      116 Oglethorpe Professional Ct, Savannah, GA 31406-3623
      View Details
    • Value Estimation by Request
      788 SF

      117 Oglethorpe Professional Ct

      OFFICE BUILDING • 788 SF
      117 Oglethorpe Professional Ct, Savannah, GA 31406-3637
      View Details
    • Value Estimation by Request
      301 SF

      117 Oglethorpe Professional Ct

      OFFICE BUILDING • 301 SF
      117 Oglethorpe Professional Ct, Savannah, GA 31406-3637
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,760 SF

      Savannah Office Building For Sale

      Well-maintained office property in the Commercial Drive Business District.
      8 Commerce Pl, Savannah, GA 31406
      View Details
    • $1,325,000
      7,500 SF

      Savannah Commercial Building on Abercorn

      Two-story, 7,500 sq ft building on 0.43 acres.
      8890 Abercorn St, Savannah, GA 31406
      View Details
    • $980,000
      1,657 SF

      Corner Retail Space in Savannah

      Unique retail/office space with vintage charm and roll-up doors.
      6707 Waters Avenue Ct, Savannah, GA 31406
      View Details
    • Contact for pricing

      Savannah Office Suites For Sale

      Multiple office suites available in Savannah, GA with flexible layouts.
      5 Oglethorpe Professional Blvd, Savannah, GA 31406
      View Details
    • $290,000
      1,737 SF

      Flexible Office Condominium Opportunity

      Second-story office condos with private entrances in high-traffic Savannah location.
      7505 Waters Avenue Ct, Savannah, GA 31406
      View Details
    • $598,000
      0.52 Acres

      Savannah Commercial Corner Opportunity

      Corner lot suitable for commercial or mixed-use development.
      127-131 Inca Rd, Savannah, GA 31406
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,474 SF

      Savannah Midtown Freestanding Office Building

      Freestanding office building in Savannah's midtown area.
      321 Commercial Dr, Savannah, GA 31406
      View Details
    • $2,400 /Mo
      725 SF

      Remodeled Office Suite For Rent

      Bright, remodeled office suite ideal for medical or professional use.
      340 Eisenhower Dr Unit 1600, Savannah, GA 31406
      View Details
    • Contact for pricing

      Remodeled Office Suite For Rent

      Bright, remodeled office suite ideal for medical or professional use.
      340 Eisenhower Dr, Savannah, GA 31406
      View Details
    • $1,550 /Mo
      1,073 SF

      Savannah Office Condo For Rent

      Corner office condo in White Bluff Business Park available now.
      9100 White Bluff Rd, Savannah, GA 31406
      View Details
    • $20 SF/Yr
      1,900 SF

      Available Office Suites for Lease

      Office suites available for lease with great parking and signage.
      42 W Montgomery Xrd, Savannah, GA 31406
      View Details
    • $2,600 /Mo
      1,471 SF

      Professional Office Space Available

      Office space featuring private offices, reception area, and storage.
      102 Oglethorpe Professional Ct, Savannah, GA 31406
      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.
    329 Commercial Dr
    Savannah, GA 31406-3630
    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!