480 Al Henderson Blvd Savannah, GA 31419-6032
Property profile & analytics
480 Al Henderson Blvd, Savannah, GA 31419-6032
- Hotels
- 31,500 SF
- 1.00 lot acres
Property ID
US22-1768943
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.
Location Intelligence
Current Use by Public Records
- San's Boutique Hotel & Suites / Hotel & Motel
- The Grand Savannah Hotel / Hotel & Motel
Property Details for 480 Al Henderson Blvd
- Year built
- 2006
- Lot size
- 1.00 lot acres
- Zone code
- PUDC
- Property type
- Hotels
- APN
- 1-1028 -01-069
- APU
- 1102801069
Description
The Grand Savannah Hotel, a 40-key hospitality property located at 480 Al Henderson Blvd, Savannah, GA 31419, presents a compelling investment opportunity. Built in 2006 and extensively renovated in 2024, this three-story, one-building hotel sits on a one-acre lot and is poised to join a national franchise in Q4 2024. The recent renovations included a new roof (with warranty), fresh interior and exterior paint, all new mattresses and case goods, and updated furnishings and equipment. The property enjoys a prime location near diverse demand generators, including I-95, healthcare facilities, Savannah State University, and numerous tourist attractions. Potential guest types include leisure and business travelers, healthcare professionals, students, and groups attending events such as the Savannah Music Festival and St. Patrick's Day Parade. The hotel is approximately 12.9 miles from Savannah/Hilton Head International Airport and within a reasonable distance of other key attractions like Forsyth Park and the Savannah Historic District. Seller financing may be available, subject to approval. Projected Year 1 room revenue is $1,185,520, with a projected NOI of $485,693 and a 9.91% cap rate. The property includes amenities such as a fitness center and business center. While a change of ownership PIP is estimated at $25,000 (plus or minus), verification is required by the prospective franchise. This hotel offers a unique chance to acquire a well-positioned asset in Savannah's thriving hospitality market.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,245,000
- ML approach
- $4,175,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,685,000
- 6.5%
- $4,325,000
- 7%
- $4,015,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,680,000
Market price range: $4.68M - $22.9M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Savannah
- County
- Chatham
- State
- Georgia
- Longitude
- -81.2762
- Latitude
- 32.0076
- 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
$87,120
$282,520
$369,640
-
$217,800
$706,300
$924,100
