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Property profile & analytics
OFF-MARKET
Estimated value
$1,960,000
Strip malls
5002 Paulsen St Savannah, GA 31405-4512
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US22-0578525
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1962
Total area
7,240 SF
Lot
0.48 ac (20,996 SF)
Zoning code
BG
APN
2-0114 -07-001
UPID
US22-0578525
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
-
Blend & Press Wellness Bar Take-out & Catering Catering Service
-
Lowcountry Lacrosse Savannah (Bike/Boat/Book/etc) Store
-
Coastal Soul Salon Hair Salon
-
Kayak Kafé Midtown Restaurant
-
Oglethorpe Advisors Inc Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.15M
CAP Approach
CAP
$1.57M
Comparable Approach
Comparable
$2.42M
Blend (final)
Blend
$1.96M
Owner & transaction history
Kayak Midtown LLC · 3 yrs held
Kayak Midtown LLC
since 2023
Last sale
$1.7M
5 recorded transactions
Zoning & alternative use
BG · Savannah, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.9M
+12.4%
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
$2,220,000
ML approach
$2,150,000
CAP Approach
CAP Return
Estimation
6%
$1,695,000
6.5%
$1,565,000
7%
$1,450,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,540,000
Current use
AUTO REPAIR, GARAGE
$2,855,000
Change: +12% · Conversion: Difficult
MEDICAL BUILDING
$2,525,000
Change: -1% · Conversion: Difficult
OFFICE BUILDING
$2,205,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$1.96M
Range $1.76M – $2.16M · ±10% · vs last sale $1.70M (Feb 1 2023)
Last sale anchor
$1.70M
Feb 1 2023
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
$271 / 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
$304,080
Assessed 2024
Previous assessed
$304,080
+0.0% YoY
Assessed land
$105,000
Assessed improvement
$199,080
Land market value
$262,500
Improvement market value
$497,700
Total market value
$760,200
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1962
Heating
NONE
Buildings
2
Stories
1
Total area
7,240 SF
Lot
0.48 ac (20,996 SF)
Zoning code
BG
APN
2-0114 -07-001
UPID
US22-0578525
Jurisdiction
CHATHAM
Zoning & alternative use
BG · Savannah, GA
Zoning BG · permitted uses
BG · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE 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
1962
Heating
NONE
Stories
1
Buildings
2
Lot
0.48 ac
Current owner
From public records · entity-resolved
Kayak Midtown LLC
Entity
Mailing address
518 E 40TH ST, SAVANNAH, GA 31401-9159
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2023
$1,700,000
Kayak Midtown LLC
Exton Properties LP
Warranty Deed
$1,568,000 · First Chatham Bank
Nov 10, 2017
$1,200,000
Exton Properties LP
Rhtc LLC
Warranty Deed
$1,322,300 · Ameris Bank
Feb 28, 2014
$630,000
Rhtc LLC
Colony Holdings LLC
Warranty Deed
$477,299 · Colony Bank
Aug 6, 2013
$725,000
Colony Holdings LLC
Kbm Holdings LLC
Foreclosure
related
—
Jan 15, 2010
$630,000
Kbm Holdings LLC
Nancie M Clark
Deed
$730,400 · Colony Bank
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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