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Property profile & analytics
FOR LEASE
Investment properties
355 Martin Luther King Jr Blvd, Savannah, GA 31401
Entity Owned
2-yr Hold
Free & Clear
Property ID
US22-1137622
For Lease
1 / 14
$34 SF/Yr
355 Martin Luther King Jr Blvd, Savannah, GA 31401
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Total area
3,000 SF
Lot
0.05 ac (2,126 SF)
Zoning code
BC
APN
2-0031 -24-004
UPID
US22-1137622
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
-
C'EST LA VIE NAILS LLC Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.50M
Blend (final)
Blend
$1.10M
Owner & transaction history
Caliber Investments LLC · 2 yrs held
Caliber Investments LLC
since 2024
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
BC · Savannah, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.5M
+8.8%
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
$1,100,000
ML approach
$1,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,360,000
Current use
RETAIL STORES
$1,475,000
Change: +9% · Conversion: Easy
OFFICE BUILDING
$1,345,000
Change: -1% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,185,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±10% · vs last sale $1.10M (Apr 11 2024)
Last sale anchor
$1.10M
Apr 11 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
$367 / 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
$278,960
Assessed 2024
Previous assessed
$278,960
+0.0% YoY
Assessed land
$35,720
Assessed improvement
$243,240
Land market value
$89,300
Improvement market value
$608,100
Total market value
$697,400
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Year built
1900
Heating
SPACE
Buildings
2
Stories
2
Total area
3,000 SF
Lot
0.05 ac (2,126 SF)
Zoning code
BC
APN
2-0031 -24-004
UPID
US22-1137622
Jurisdiction
CHATHAM
Zoning & alternative use
BC · Savannah, GA
Zoning BC · permitted uses
BC · 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
COMMERCIAL (GENERAL) Current
Est. value
$1.4M
RETAIL STORES
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
COMMERCIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1900
Heating
SPACE
Stories
2
Buildings
2
Lot
0.05 ac
Current owner
From public records · entity-resolved
Caliber Investments LLC
Entity
Free & Clear · 2 yrs held
Mailing address
355 MARTIN LUTHER KING JR BLVD, SAVANNAH, GA 31401-4254
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2024
$1,100,000
Caliber Investments LLC
Jms Builder Tallahassee LLC
Warranty Deed
—
May 22, 2023
$1,100,000
Jms Builder Tallahassee LLC
Titan Development LLC
Warranty Deed
—
May 22, 2023
—
Caliber Investments LLC
Jms Builder Tallahassee LLC
Limited Warranty Deed
—
Aug 20, 2021
$850,000
Titan Development LLC
Mlk Partners LLC
Warranty Deed
$1,145,000 · Ftf Lending
Sep 9, 2014
—
Mlk Partners LLC
Alexander P Grikitis
Warranty Deed
—
Sep 9, 2014
$350,000
Mlk Partners LLC
Alexander R Grikitis
Warranty Deed
—
Jul 27, 2007
—
Alexander P Grikitis
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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