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    5501 Abercorn St Savannah, GA 31405

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    5501 Abercorn St Savannah, GA 31405

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    • Strip malls
    • 9,744 SF
    • 3.60 lot acres
    For Lease
    $9,925,000
    View Listing →
    Retail Space in Savannah, GA For Lease
    $9,925,000
    43,607 SF

    Retail Space in Savannah, GA

    Former Lucky's anchored shopping center with ample parking.

    5501 Abercorn St, Savannah, GA
    View Listing
    Property ID
    US22-1665566
    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
    $9,925,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • LINA NAILS SALON / Nail Salon
    • Waterless Sparkle / Auto Repair Shop
    • The UPS Store / Courier Service / Postal Service
    • Covenant Security Surveillance, LLC / Security Service / General Contractor
    • Southern Harvest Insurance / Insurance Agency

    Property Details for 5501 Abercorn St

    Year built
    1979
    Lot size
    3.60 lot acres
    Property size
    9,744 SF
    Zone code
    BC
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    2-0127 -03-004
    APU
    2012703004

    Description

    This thriving Savannah, Georgia bike shop is offered for sale at $467,000. Located at 5501 Abercorn St, in Chatham County, this Class A, 1,600 square foot business boasts a strong track record. The shop has generated $554,274 in total sales and a cash flow of $228,976. The sale includes $115,000 in furniture, fixtures, and equipment (FF&E) and $270,000 in inventory. The business operates as an LLC and is situated in a high-growth area with a vibrant cycling community, presenting significant potential for expansion. This owner-user investment opportunity offers a unique blend of established success and future growth potential in a desirable Savannah location. The price per square foot is $291.88. This is a turnkey operation ready for a new owner to continue its success and build upon its existing loyal customer base. The reason for sale is due to other obligations. This is an exceptional opportunity for an entrepreneur seeking a profitable and established business in a thriving market. The business is categorized under Entertainment and Recreation.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $12,545,000
      ML approach
      $12,085,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.1096
    Latitude
    32.0268
    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
    $1,173,000
    $372,844
    $1,545,844
    -
    $2,932,500
    $932,110
    $3,864,610

    Comparable in this City

    • Value Estimation
      $550,000
      2,848 SF

      4004 Montgomery St

      SHOPPING CENTER, STRIP CENTER • 2,848 SF
      4004 Montgomery St, Savannah, GA 31405-3248
      View Details
    • Value Estimation
      $780,000
      6,552 SF

      4307 Ogeechee Rd

      SHOPPING CENTER, STRIP CENTER • 6,552 SF
      4307 Ogeechee Rd, Savannah, GA 31405-1242
      View Details
    • Value Estimation
      $560,000
      1.50 Acres

      4410 Ogeechee Rd

      SHOPPING CENTER, STRIP CENTER • 1.50 Acres
      4410 Ogeechee Rd, Savannah, GA 31405-1206
      View Details
    • Value Estimation
      $8,705,000
      62,242 SF

      40 Derenne Ave

      SHOPPING CENTER, STRIP CENTER • 62,242 SF
      40 Derenne Ave, Savannah, GA 31405-6712
      View Details
    • Value Estimation
      $1,700,000
      11,040 SF

      2002 Mls B Ln Blvd

      SHOPPING CENTER, STRIP CENTER • 11,040 SF
      2002 Mls B Ln Blvd, Savannah, GA 31405-7324
      View Details
    • Value Estimation
      $1,375,000
      8,495 SF

      4418 Habersham St

      SHOPPING CENTER, STRIP CENTER • 8,495 SF
      4418 Habersham St, Savannah, GA 31405
      View Details

    Similar Nearby for Sale

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      7,260 SF

      Savannah Shopping Center Investment Opportunity

      Newly constructed shopping center in a booming Savannah location.
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      Savannah Retail Investment Opportunity

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      Savannah Corner Lot Redevelopment Opportunity

      Prime location, high-traffic, excellent visibility, redevelopment or investment opportunity.
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      Savannah Medical Office Redevelopment Opportunity

      Single-tenant medical office building with redevelopment potential on 1.8 acres.
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    • $675,000
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      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
      1,800 SF

      Renovated Flex Space on Highway

      Newly renovated flex space on a growing commercial corridor.
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    Similar Nearby for Lease

    • Contact for pricing
      5,000 SF

      Retail Units in Live Oak

      Retail units available in Live Oak Shopping Center.
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      View Details
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      1,938 SF

      Retail Space in Victory Station

      Retail space with high visibility and easy access.
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      View Details
    • Contact for pricing
      43,607 SF

      Retail Space in Savannah, GA

      Former Lucky's anchored shopping center with ample parking.
      5501 Abercorn St, Savannah, GA 31405
      View Details
    • Contact for pricing

      Retail Center on DeRenne Avenue

      Retail center with high visibility and ample parking.
      44 E De Renne Ave, Savannah, GA 31405
      View Details
    • Contact for pricing

      Freestanding ATM with Drive-Thru

      Freestanding ATM with drive-thru for lease on Abercorn Street.
      6999 Abercorn St, Savannah, GA 31405
      View Details
    • Contact for pricing

      Retail Space on Montgomery Street

      Retail space available for rent at 4119 Montgomery St.
      4119 Montgomery St, Savannah, GA 31405
      View Details
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    Savannah, GA 31405
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    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
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    5501 Abercorn St, Savannah, GA, 31405

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