Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3701 Ogeechee Rd Savannah, GA 31405-1309

    • Grocery and convenience stores
    • 1,674 SF
    • 0.68 lot acres
    OFF-MARKET
    Last Sale
    Sep 08, 2020
    $140,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1676555
    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.

    Current Use by Public Records

    • Luckys Liquor / (Bike/Boat/Book/etc) Store / Wine and Liquor Store
    • J.J.'s Tire World, LLC / (Bike/Boat/Book/etc) Store / Auto Parts Store
    • Amoco / Car Wash

    Property Details for 3701 Ogeechee Rd

    Year built
    1974
    Lot size
    0.68 lot acres
    Property size
    1,674 SF
    Zone code
    BC
    Property type
    Grocery and convenience stores
    APN
    1-0706 -01-008
    APU
    1070601008

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.1451
    Latitude
    32.0527
    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
    $53,320
    $23,400
    $76,720
    -
    $133,300
    $58,500
    $191,800

    Comparable in this City

    • Value Estimation by Request
      2,501 SF

      3912 Ogeechee Rd

      GROCERY, SUPERMARKET • 2,501 SF
      3912 Ogeechee Rd, Savannah, GA 31405-1323
      View Details
    • Value Estimation by Request
      1.79 Acres

      17 Hwy

      Automotive properties • 1.79 Acres
      17 Hwy, Savannah, GA 31405
      View Details
    • Value Estimation by Request
      1,913 SF

      4906 Paulsen St

      GROCERY, SUPERMARKET • 1,913 SF
      4906 Paulsen St, Savannah, GA 31405-4407
      View Details
    • Value Estimation by Request
      1,837 SF

      2101 Louis Mls Blvd

      GROCERY, SUPERMARKET • 1,837 SF
      2101 Louis Mls Blvd, Savannah, GA 31405-2839
      View Details
    • Value Estimation by Request
      969 SF

      3618 Ogeechee Rd

      GROCERY, SUPERMARKET • 969 SF
      3618 Ogeechee Rd, Savannah, GA 31405-1308
      View Details
    • Value Estimation by Request
      1,200 SF

      325 Staley Ave

      GROCERY, SUPERMARKET • 1,200 SF
      325 Staley Ave, Savannah, GA 31405-6558
      View Details

    Similar Nearby for Sale

    • $690,000
      2,839 SF

      High-Exposure Freestanding Building on Derenne

      Freestanding 2,839 SF building on 0.27-acre lot for sale.
      9 W De Renne Ave, Savannah, GA 31405
      View Details
    • $1,848,000
      6,900 SF

      Savannah Retail/Office Building For Sale

      One-story retail/office building with solid leases in place.
      906 E 72Nd St, Savannah, GA 31405
      View Details
    • $675,000
      2.27 Acres

      Savannah Retail Opportunity: High-Traffic Location

      Prime Retail Space, Ogeechee Road Corridor, 2.27 Acres
      3810 Ogeechee Rd, Savannah, GA 31405
      View Details
    • Contact for pricing
      1,763 SF

      Retail Space on Montgomery Street

      Retail space available for sale on Montgomery Street.
      4119 Montgomery St, Savannah, GA 31405
      View Details
    • Contact for pricing
      1,800 SF

      Renovated Flex Space on Highway

      Newly renovated flex space on a growing commercial corridor.
      5659 Ogeechee Rd, Savannah, GA 31405
      View Details
    • Contact for pricing
      1,925 SF

      Adaptable Savannah Property For Sale

      Highly visible property suitable for office, studio, or institutional use.
      112 E De Renne Ave, Savannah, GA 31405
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,000 SF

      Retail Units in Live Oak

      Retail units available in Live Oak Shopping Center.
      5500 White Bluff Rd, Savannah, GA 31405
      View Details
    • $2,325 /Mo
      8,407 SF

      Savannah Retail Space For Rent

      1,550 sq ft retail space in high-traffic Savannah location.
      605 E 69Th St, Savannah, GA 31405
      View Details
    • $17 SF/Yr
      2,839 SF

      High-Exposure Freestanding Building For Lease

      Freestanding building with high visibility and accessibility on busy corridor.
      9 W De Renne Ave, Savannah, GA 31405
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space Available For Lease

      Retail space available for lease in Savannah, GA.
      1940 Mills B Lane Blvd, Savannah, GA 31405
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space on Abercorn Street

      Retail space available for lease on Abercorn Street.
      5525 Abercorn St, Savannah, GA 31405
      View Details
    • Contact for pricing
      1,938 SF

      Retail Space in Victory Station

      Retail space with high visibility and easy access.
      1815 E Victory Dr, Savannah, GA 31405
      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.
    3701 Ogeechee Rd
    Savannah, GA 31405-1309
    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!