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Property profile & analytics
OFF-MARKET
Estimated value
$1,570,000
Banks
5987 Ogeechee Rd Savannah, GA 31419-8901
Entity Owned
1-yr Hold
Free & Clear
Property ID
US22-0851359
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2008
Total area
8,144 SF
Lot
1.52 ac (66,255 SF)
Zoning code
PBC
APN
1-1029B-01-036
UPID
US22-0851359
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
-
Colony Bank Bank Loan Service
-
Jason Barnes: Allstate Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.54M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.57M
Owner & transaction history
Camden Crossing LLC · 1 yrs held
Camden Crossing LLC
since 2024
Last sale
$1.2M
4 recorded transactions
Zoning & alternative use
PBC · Savannah, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning District R B
Top alternative use upside
Commercial (general)
$1.4M
+33.7%
Office building
$1.3M
+22.5%
Auto repair, garage
$1.2M
+13.6%
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
$1,570,000
ML approach
$1,540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$1,080,000
Current use
COMMERCIAL (GENERAL)
$1,445,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$1,325,000
Change: +23% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,225,000
Change: +14% · Conversion: Difficult
MEDICAL BUILDING
$1,225,000
Change: +13% · Conversion: Difficult
RESTAURANT
$1,210,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$1,135,000
Change: +5% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,010,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.57M
Range $1.41M – $1.73M · ±10% · vs last sale $1.20M (Aug 18 2023)
Last sale anchor
$1.20M
Aug 18 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
$193 / 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
$1,102,000
Assessed 2024
Previous assessed
$1,131,920
-2.6% YoY
Assessed land
$432,480
Assessed improvement
$669,520
Land market value
$1,081,200
Improvement market value
$1,673,800
Total market value
$2,755,000
Applied tax rate
1.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2008
Heating
NONE
Buildings
4
Stories
1
Total area
8,144 SF
Lot
1.52 ac (66,255 SF)
Zoning code
PBC
APN
1-1029B-01-036
UPID
US22-0851359
Jurisdiction
CHATHAM
Zoning & alternative use
PBC · Savannah, GAZoning PBC · permitted uses
PBC · Savannah, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning District R B
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
RESTAURANT
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$1.0M
FINANCIAL BUILDING Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RESTAURANT
RETAIL STORES
INDUSTRIAL (GENERAL)
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
2008
Heating
NONE
Stories
1
Buildings
4
Lot
1.52 ac
Current owner
From public records · entity-resolved
Camden Crossing LLC
Entity
Free & Clear · 1 yrs held
Mailing address
7011 HODGSON MEMORIAL DR, SAVANNAH, GA 31406-2530
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2024
—
Camden Crossing LLC
Sally K Greensberg
Quitclaim Deed
related
—
Nov 18, 2024
—
Camden Crossing LLC
Colony Bank Southeast
Quitclaim Deed
related
—
Aug 18, 2023
—
Sweetwater Developers Of Georgia Ll
Colony Bank
Quit Claim Deed
related
—
May 5, 2006
$1,200,000
Colony Bank Southeast
Not Provided
Foreclosure
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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