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Property profile & analytics
FOR SALE
Grocery and convenience stores
902 Montgomery St Savannah, GA 31401
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US22-1202221
For Sale
1 / 12
$2,400,000
902 Montgomery St, Savannah, GA 31401
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1941
Total area
1,971 SF
Lot
0.15 ac (6,351 SF)
Zoning code
BG
APN
2-0052 -03-001
UPID
US22-1202221
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$990k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$518k
Blend (final)
Blend
$740k
Owner & transaction history
Rourke Rentals LLC · 3 yrs held
Rourke Rentals LLC
since 2023
Last sale
$785,000
3 recorded transactions
Zoning & alternative use
BG · Savannah, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,025,000
ML approach
$990,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$970,000
Current use
COMMERCIAL (GENERAL)
$890,000
Change: -8% · Conversion: Easy
OFFICE BUILDING
$880,000
Change: -9% · Conversion: Easy
AUTO REPAIR, GARAGE
$775,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$740k
Range $666k – $814k · ±10% · vs last sale $785k (Feb 14 2023)
Last sale anchor
$785k
Feb 14 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
$375 / 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
$80,520
Assessed 2024
Previous assessed
$81,000
-0.6% YoY
Assessed land
$55,920
Assessed improvement
$24,600
Land market value
$139,800
Improvement market value
$61,500
Total market value
$201,300
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Sale
Year built
1941
Heating
SPACE
Buildings
2
Stories
1
Total area
1,971 SF
Lot
0.15 ac (6,351 SF)
Zoning code
BG
APN
2-0052 -03-001
UPID
US22-1202221
Jurisdiction
CHATHAM
Zoning & alternative use
BG · Savannah, GA
Zoning BG · permitted uses
BG · 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
RETAIL STORES Current
Est. value
$970,000
COMMERCIAL (GENERAL)
Est. value
$890,000
OFFICE BUILDING
Est. value
$880,000
AUTO REPAIR, GARAGE
Est. value
$775,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1941
Heating
SPACE
Stories
1
Buildings
2
Lot
0.15 ac
Current owner
From public records · entity-resolved
Rourke Rentals LLC
Entity
Mailing address
13320 OLD COFFEE BLF RD, SAVANNAH, GA 31419-2957
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2023
$785,000
Rourke Rentals LLC
Donald H Tucker
Warranty Deed
$770,000 · First Chatham Bank
Jan 5, 2009
—
Donald H Tucker JR
Donald H Tucker
Intrafamily Transfer
related
—
Jun 5, 2006
—
Donald H Tucker JR
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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