Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    916 Rockefeller St Savannah, GA 31401

    • Commercial real estate
    • 0.20 lot acres
    For Sale
    View listing
    $165,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0946270
    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

    • Commercial real estate

    Property Details for 916 Rockefeller St

    Lot size
    0.20 lot acres
    Property type
    Commercial real estate
    APN
    20034 08015 | 20034 08016

    Description

    This exceptional 0.2-acre lot in Savannah, Georgia, presents a unique dual-zoning opportunity. Comprising two adjacent parcels – 916 Rockefeller St (0.09 acres, ILT zoning) and 918 Rockefeller St (0.11 acres, RTF zoning) – this property offers unparalleled flexibility for developers. The ILT zoning allows for light industrial uses, while the RTF zoning permits the construction of single-family or two-family residential buildings. This versatility makes it ideal for a range of projects, from single-family homes to mixed-use developments. Located in Chatham County, with a 31401 zip code, the property boasts a prime location near schools, shopping centers, and essential amenities, ensuring high convenience and potential for strong rental income or resale value. The combined lot size provides ample space for construction, and its proximity to city-owned ILT-zoned parcels opens up further development possibilities. The asking price is $165,000. This is a truly exceptional investment opportunity in a thriving Savannah location, offering significant potential for growth and return. The property's APN is 20034 08015 | 20034 08016.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.0808875
    Latitude
    32.0660127

    Comparable in this City

    • $5,485,000
      11,349 SF

      Forsyth Park Apartment Building

      14-unit Savannah gem, high ROI potential.
      816 Drayton St, Savannah, GA 31401
      View Details
    • $8,500,000
      10,215 SF

      Savannah Historic District Gem

      Mixed-use hotel & restaurant investment
      36 Martin Luther King Jr Blvd, Savannah, GA 31401
      View Details
    • $4,000,000
      11,292 SF

      Restaurant with additional 3 buildings to develop

      Individual retail properties • 11,292 SF
      109 Jefferson St, Savannah, GA 31401
      View Details
    • $2,175,000
      1,883 SF

      New Condominiums in Historic Savannah

      New condominiums with modern amenities in Savannah's historic district.
      302 East Oglethorpe Ave, Savannah, GA 31401
      View Details
    • $1,090,000
      1,087 SF

      New Condominiums in Historic Savannah

      New condominiums in Savannah's historic district, available early 2025.
      302 East Oglethorpe Ave, Savannah, GA 31401
      View Details
    • $650,000
      1,106 SF

      Historic Savannah Townhome with STVR

      Charming 2BR/2BA townhome in Savannah's Landmark Historic District.
      535 E Gordon St, Savannah, GA 31401
      View Details

    Similar Nearby for Sale

    • $1,845,000
      1,604 SF

      New Condominiums in Historic Savannah

      New condominiums with modern amenities in Savannah's historic district.
      302 East Oglethorpe Ave, Savannah, GA 31401
      View Details
    • $4,499,000

      Luxury Condominium in Historic Savannah

      New construction condominium with modern amenities in Savannah's historic district.
      302 East Oglethorpe Ave, Savannah, GA 31401
      View Details
    • $795,000

      Renovated Luxury Condo on Jones

      Fully renovated luxury condo with modern amenities and timeless design.
      304 W Jones St, Savannah, GA 31401
      View Details
    • $925,000
      2,472 SF

      Updated Home in Baldwin Park

      Updated 1924 home with carriage house in desirable neighborhood.
      743 E 40Th St, Savannah, GA 31401
      View Details
    • $2,175,000
      1,883 SF

      New Condominiums in Historic Savannah

      New condominiums with modern amenities in Savannah's historic district.
      302 East Oglethorpe Ave, Savannah, GA 31401
      View Details
    • $1,090,000
      1,087 SF

      New Condominiums in Historic Savannah

      New condominiums in Savannah's historic district, available early 2025.
      302 East Oglethorpe Ave, Savannah, GA 31401
      View Details

    Similar Nearby for Lease

    • $1,800 /Mo

      Renovated Apartment in Historic District

      Renovated apartment with historic charm and modern updates.
      32 E Taylor St, Savannah, GA 31401
      View Details
    • New
      $1,500 /Mo
      5,184 SF

      Land in Residential Savannah Area

      Land for lease in Savannah's residential area.
      1022 E 38Th St, Savannah, GA 31401
      View Details
    • New
      $1,500 /Mo
      8,886 SF

      Commercial Lot on E 38th

      Commercial lot for rent in Savannah, GA.
      1015 E 38Th St, Savannah, GA 31401
      View Details
    • Contact for pricing
      55,560 SF

      Downtown Savannah Office Building

      Prestigious 10-story office space for lease
      24 Drayton St, Savannah, GA 31401
      View Details
    • $25 SF/Yr
      2,700 SF

      Retail Space on Broughton Street

      Retail space available for lease on Broughton Street.
      23 W Broughton St, Savannah, GA 31401
      View Details
    • Contact for pricing
      1,020 SF

      Savannah Commercial Space in Starland

      Commercial space in Savannah's vibrant Starland District with expansion potential.
      15 W 43Rd St, Savannah, GA 31401
      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.
    916 Rockefeller St
    Savannah, GA 31401
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.