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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Office buildings
5602 Waters Ave, Savannah, GA 31404-6296
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US22-4403949
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1954
Total area
2,824 SF
Lot
0.23 ac (10,001 SF)
Zoning code
BN
APN
2-0114 -24-001
UPID
US22-4403949
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
-
Advanced Prosthetics And Orthotics Orthotics & Prosthetics Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$645k
Comparable Approach
Comparable
$463k
Blend (final)
Blend
$560k
Owner & transaction history
Twokops Enterprises LLC · 10 yrs held
Twokops Enterprises LLC
since 2016
5 recorded transactions
Zoning & alternative use
BN · Savannah, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$915,000
+52.2%
Medical building
$890,000
+48.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$700,000
6.5%
$645,000
7%
$600,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$600,000
Current use
WAREHOUSE, STORAGE
$915,000
Change: +52% · Conversion: Difficult
MEDICAL BUILDING
$890,000
Change: +48% · Conversion: Easy
RETAIL STORES
$500,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$560k
Range $504k – $616k · ±10%
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
$198 / 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
$172,520
Assessed 2024
Previous assessed
$191,240
-9.8% YoY
Assessed land
$58,000
Assessed improvement
$114,520
Land market value
$145,000
Improvement market value
$286,300
Total market value
$431,300
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1954
Heating
HEAT PUMP
Buildings
3
Stories
1
Total area
2,824 SF
Lot
0.23 ac (10,001 SF)
Zoning code
BN
APN
2-0114 -24-001
UPID
US22-4403949
Jurisdiction
CHATHAM
Zoning & alternative use
BN · Savannah, GA
Zoning BN · permitted uses
BN · 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
OFFICE BUILDING Current
Est. value
$600,000
WAREHOUSE, STORAGE
Est. value
$915,000
MEDICAL BUILDING
Est. value
$890,000
RETAIL STORES
Est. value
$500,000
OFFICE BUILDING Current
WAREHOUSE, STORAGE
MEDICAL BUILDING
RETAIL STORES
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
1954
Heating
HEAT PUMP
Stories
1
Buildings
3
Lot
0.23 ac
Current owner
From public records · entity-resolved
Twokops Enterprises LLC
Entity
Mailing address
5602 WATERS AVE, SAVANNAH, GA 31404-6296
Ownership since
2016
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
May 9, 2019
—
Twokops Enterprises LLC
—
Deed
related
$393,000 · United Community Bank
Jan 15, 2016
$470,000
Twokops Enterprises LLC
Jksa LLC
Warranty Deed
—
Apr 22, 2008
$750,000
Jksa LLC
Not Provided
Deed
$735,250 · Bank Of America NA
Feb 9, 2005
—
Weitz Building LLC
Elizabeth Weitz
Quit Claim Deed
related
—
Jan 20, 2005
—
Elizabeth Weitz
Erwin A Friedman
Intrafamily Transfer
related
—
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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