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    6703 Abercorn St Savannah, GA 31405-5824
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    Property profile & analytics

    6703 Abercorn St, Savannah, GA 31405-5824

    View on Map
    • Hotels
    • 86,092 SF
    • 4.28 lot acres
    Off-Market
    Property ID
    US22-0872678
    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
    $12,955,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Courtyard Savannah Midtown / Hotel & Motel
    • 6703 Abercorn Street Parking / Parking Lot & Garage

    Property Details for 6703 Abercorn St

    Year built
    1990
    Lot size
    4.28 lot acres
    Zone code
    RIP
    Property type
    Hotels
    APN
    2-0144 -01-002
    APU
    2014401002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 29, 2014 $12,785,314 Cmp I Savannah Owner LLC Cbm One Hotels LP Limited Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $12,810,000
      6.5%
      $11,825,000
      7%
      $10,980,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $8,257,000
      Market price range: $1.42M - $21.2M

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

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.1141
    Latitude
    32.0165
    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
    $978,800
    $5,647,080
    $6,625,880
    -
    $2,447,000
    $14,117,700
    $16,564,700

    Comparable in this City

    • Value Estimation by Request
      2.10 Acres

      10 Park Of Commerce Blvd

      HOTEL
      10 Park Of Commerce Blvd, Savannah, GA 31405-7410
      View Details
    • Value Estimation
      $785,000
      1.35 Acres

      115 Woodspring Dr

      HOTEL
      115 Woodspring Dr, Savannah, GA 31405-1273
      View Details
    • Value Estimation
      $6,700,000
      47,223 SF

      5511 Abercorn St

      HOTEL
      5511 Abercorn St, Savannah, GA 31405-6903
      View Details
    • Value Estimation
      $15,335,000
      101,262 SF

      5711 Abercorn St

      HOTEL
      5711 Abercorn St, Savannah, GA 31405-5505
      View Details
    • Value Estimation
      $1,465,000
      10,460 SF

      46 Lee Blvd

      HOTEL
      46 Lee Blvd, Savannah, GA 31405-5708
      View Details
    • Value Estimation
      $22,765,000
      148,000 SF

      5801 Abercorn St

      HOTEL
      5801 Abercorn St, Savannah, GA 31405-5507
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Savannah Medical Office Redevelopment Opportunity

      Single-tenant medical office building with redevelopment potential on 1.8 acres.
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      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
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    • $165,000
      0.41 Acres

      Vacant Lot in Southbridge

      Pristine homesite in Savannah's prestigious Southbridge community.
      129 Trail Creek Ln, Savannah, GA 31405
      View Details
    • $2,150,000
      5.50 Acres

      Savannah Land on Ogeechee Road

      5.5 acres with frontage on Ogeechee Rd near I-516.
      3125 Ogeechee Rd, Savannah, GA 31405
      View Details
    • $1,615,000
      4.13 Acres

      Savannah Land on Ogeechee Road

      4.13 acres of commercial land with excellent access.
      Ogeechee Rd, Savannah, GA 31405
      View Details
    • New
      $50,000
      Pending

      Residential Land in Savannah, GA

      Land for sale in Savannah, being sold as-is.
      521 W 44Th St, Savannah, GA 31405
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,456,000 SF

      Savannah Distribution Center For Lease

      Large distribution center with cross-dock configuration, near ocean terminals.
      100 Landmark Blvd, 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
    • Contact for pricing

      Commercial Space with Private Parking

      Commercial space with restroom, retail counter, and private parking.
      2705 Martin Luther King Jr Blvd, Savannah, GA 31405
      View Details
    • Contact for pricing
      150,000 SF

      Central Port Logistics Center

      Savannah, GA: Class A Flex Warehouses
      0 Veterans Pkwy, Savannah, GA 31405
      View Details
    • $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
    • Contact for pricing
      4,658 SF

      Mixed-Use Property For Rent

      Two-story mixed-use property with retail and apartments available for lease.
      4415 Bull St, Savannah, GA 31405
      View Details

    Property Visit Statistics

    • Visits by month
      6.4k
    • Visitors by month
      3.0k
    • Avg Time on site
      479 min
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    Savannah, GA 31405-5824
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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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