Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6001 Chatham Ctr Dr Savannah, GA 31405-1324

    • Office buildings
    • 60,930 SF
    • 6.49 lot acres
    OFF-MARKET
    Last Sale
    Jun 18, 2024
    $26,750,000
    Value Estimations
    $26,750,000
    Show details
    Cap Rate Potential
    3.4%
    Office buildings
    Location Intelligence
    Property ID
    US22-1381267
    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.

    Current Use by Public Records

    • Norfolk Southern / Freight Service / Logistics Company
    • SVN | GASC / Real Estate Agency
    • CMA CGM / Travel Agency
    • Bernard Williams Insurance & Financial / Insurance Agency
    • Aflac / Insurance Agency

    Property Details for 6001 Chatham Ctr Dr

    Year built
    1990
    Lot size
    6.49 lot acres
    Property size
    60,930 SF
    Zone code
    PUDB
    Property type
    Office buildings
    APN
    2-0739 -01-015
    APU
    2073901015

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $26,750,000
      ML approach
      $26,750,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $18,555,000
      Current use
      COMMERCIAL (GENERAL)
      $35,120,000
      Change: +89% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $33,505,000
      Change: +81% Conversion: Difficult
      RESTAURANT
      $33,320,000
      Change: +80% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $24,020,000
      Change: +29% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $21,375,000
      Change: +15% Conversion: Difficult
      MEDICAL BUILDING
      $21,260,000
      Change: +15% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.1503
    Latitude
    32.072
    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
    $508,800
    $1,953,200
    $2,462,000
    -
    $1,272,000
    $4,883,000
    $6,155,000

    Comparable in this City

    • Value Estimation
      $555,000
      4,470 SF

      5102 Ogeechee Rd

      OFFICE BUILDING • 4,470 SF
      5102 Ogeechee Rd, Savannah, GA 31405-2564
      View Details
    • Value Estimation by Request
      1,176 SF

      715 70th St

      OFFICE BUILDING • 1,176 SF
      715 70th St, Savannah, GA 31405-4810
      View Details
    • Value Estimation
      $4,895,000
      39,480 SF

      6555 Abercorn St

      OFFICE BUILDING • 39,480 SF
      6555 Abercorn St, Savannah, GA 31405-5713
      View Details
    • Value Estimation by Request
      839 SF

      1 Johnston St Ste, Unit 5

      OFFICE BUILDING • 839 SF
      1 Johnston St Ste, Savannah, GA 31405-5532
      View Details
    • Value Estimation by Request
      656 SF

      1 Johnston St Ste, Unit 8

      OFFICE BUILDING • 656 SF
      1 Johnston St Ste, Savannah, GA 31405-5533
      View Details
    • Value Estimation by Request
      3,090 SF

      3807 Bull St

      OFFICE BUILDING • 3,090 SF
      3807 Bull St, Savannah, GA 31405-3353
      View Details

    Similar Nearby for Sale

    • $465,000
      1,925 SF

      Savannah Office Building on Derenne

      Office building with redevelopment potential on busy Derenne Avenue.
      112 E De Renne Ave, Savannah, GA 31405
      View Details
    • $465,000
      1,925 SF

      Savannah Office Building on Derenne

      Office building with redevelopment potential on busy E. Derenne Ave.
      112 E De Renne Ave, Savannah, GA 31405
      View Details
    • Contact for pricing
      8,058 SF

      Savannah Office Building For Sale

      7,058 SF office building, 100% leased, Savannah, GA.
      125 Park Of Commerce Dr, Savannah, GA 31405
      View Details
    • Contact for pricing
      7,058 SF

      Savannah Office Building Investment

      Prime Savannah office building, high occupancy.
      125 Park Of Commerce Dr, Savannah, GA 31405
      View Details
    • $690,000
      2,839 SF

      High-Exposure Freestanding Building on Derenne

      Freestanding 2,839 SF building on 0.27-acre lot for sale.
      9 W De Renne Ave, Savannah, GA 31405
      View Details
    • $1,250,000
      8,500 SF

      Savannah Warehouse with Office Space

      8,500 sq ft building near major Savannah locations.
      2015 Mills B Lane Boulevard Spur, Savannah, GA 31405
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr

      Class A Business Park Space

      High-quality office, distribution, and showroom space for lease.
      7001 Chatham Center Dr, Savannah, GA 31405
      View Details
    • $8,500 /Mo
      4,272 SF

      Savannah Commercial Space For Rent

      Versatile commercial space in high-traffic Savannah location.
      1481 Dean Forest Rd, Savannah, GA 31405
      View Details
    • $20 SF/Yr

      Class A Business Park Space

      High-quality office, distribution, and showroom space in Savannah's Chatham Center.
      8001 Chatham Center Dr, Savannah, GA 31405
      View Details
    • $30 SF/Yr

      Savannah Medical Office Building

      Custom-built medical office space in thriving Savannah location.
      6301 Abercorn St, Savannah, GA 31405
      View Details
    • Contact for pricing

      Savannah Retail/Office Space For Lease

      Flexible retail/office space in high-growth Savannah location.
      4410 Ogeechee Rd, Savannah, GA 31405
      View Details
    • $2,475 /Mo
      1,122 SF

      Savannah Office Space For Rent

      1,122 sq ft office space in central Savannah.
      6349 Abercorn St, Savannah, GA 31405
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6001 Chatham Ctr Dr
    Savannah, GA 31405-1324
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!