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Property profile & analytics
OFF-MARKET
Estimated value
$7,755,000
Industrial properties
703 Louisville Rd Savannah, GA 31415-3109
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US22-4117505
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1929
Total area
15,390 SF
Lot
2.55 ac (111,078 SF)
Zoning code
I-H
APN
2-0030 -05-001
UPID
US22-4117505
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
-
Collective Face Theatre Ensemble Theater & Performing Art Venue
-
Mayday Medical Pharmacy
-
Sonitrol Security Systems Security Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.46M
Blend (final)
Blend
$7.76M
Owner & transaction history
Savannah College Of Art & Design In · 2 yrs held
Savannah College Of Art & Design In
since 2023
Last sale
$7.3M
7 recorded transactions
Zoning & alternative use
I-H · Savannah, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.9M
+4.8%
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
$9,540,000
ML approach
$9,190,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$8,465,000
Current use
COMMERCIAL (GENERAL)
$8,870,000
Change: +5% · Conversion: Difficult
RESTAURANT
$8,415,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$7.76M
Range $6.98M – $8.53M · ±10% · vs last sale $7.30M (Dec 27 2023)
Last sale anchor
$7.30M
Dec 27 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
$504 / 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
$1,179,280
Assessed 2024
Previous assessed
$1,179,280
+0.0% YoY
Assessed land
$966,360
Assessed improvement
$212,920
Land market value
$2,415,900
Improvement market value
$532,300
Total market value
$2,948,200
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1929
Heating
NONE
Buildings
2
Stories
1
Total area
15,390 SF
Lot
2.55 ac (111,078 SF)
Zoning code
I-H
APN
2-0030 -05-001
UPID
US22-4117505
Jurisdiction
CHATHAM
Zoning & alternative use
I-H · Savannah, GA
Zoning I-H · permitted uses
I-H · 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
INDUSTRIAL (GENERAL) Current
Est. value
$8.5M
COMMERCIAL (GENERAL)
Est. value
$8.9M
RESTAURANT
Est. value
$8.4M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RESTAURANT
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
1929
Heating
NONE
Stories
1
Buildings
2
Lot
2.55 ac
Current owner
From public records · entity-resolved
Savannah College Of Art & Design In
Individual
Mailing address
1600 PEACHTREE RD NW 46TH MARY ST, ATLANTA, GA 30309
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2023
$7,300,000
Savannah College Of Art & Design In
703 Louisville Road LLC
Warranty Deed
—
Dec 27, 2023
—
Savannah College Of Art & Design In
703 Louisville Road LLC
Quit Claim Deed
related
—
Oct 16, 2019
—
703 Louisville Road LLC
Wedp Fund I LLC
Warranty Deed
—
Apr 25, 2018
$2,630,000
Wedp Fund I LLC
Jsr Properties LLC
Warranty Deed
—
Feb 10, 2015
$900,000
Jsr Properties LLC
John S Reese
Warranty Deed
$800,000 · South State Bank
Feb 10, 2015
—
Jsr Properties LLC
Michelle Nary
Warranty Deed
—
Feb 9, 2015
—
Jsr Properties LLC
Carroll E Gerrald
Warranty Deed
—
Jul 1, 2008
—
Robert J Merritt
Not Provided
Deed
—
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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