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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Old Riv Rd Bloomingdale, GA 31302

    • Office Properties & Spaces
    • 2,806 SF
    • 77.66 lot acres
    OFF-MARKET
    Value Estimations
    $570,000
    Show details
    Cap Rate Potential
    4.9%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US22-3072559
    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

    • Office Properties & Spaces

    Property Details for Old Riv Rd

    Year built
    1989
    Construction
    STEEL FRAME
    Lot size
    77.66 lot acres
    Property size
    2,806 SF
    Zone code
    I-1
    Property type
    Office Properties & Spaces
    APN
    3300009
    APU
    3300009

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $645,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $530,000
      6.5%
      $490,000
      7%
      $455,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $694,000
      Market price range: $193k - $695k
      AI Estimate
      $450,000
      Market price range: $142k - $451k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $445,000
      Current use
      RETAIL STORES
      $395,000
      Change: -11% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Bloomingdale
    County
    Effingham
    State
    Georgia
    Longitude
    -81.387
    Latitude
    32.1467
    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
    2023
    $88,197
    $1,026,801
    $1,970,655
    $2,997,456
    -
    $2,567,002
    $4,926,638
    $7,493,640

    Comparable in this City

    • Value Estimation by Request
      2,276 SF

      406 Us-80

      Office Properties & Spaces • 2,276 SF
      406 Us-80, Bloomingdale, GA 31302
      View Details
    • Value Estimation by Request
      6.08 Acres

      817 Us 80 Hwy

      Office Properties & Spaces • 6.08 Acres
      817 Us 80 Hwy, Bloomingdale, GA 31302
      View Details
    • Value Estimation
      $700,000
      6,636 SF

      2584 Us Hwy 80

      OFFICE (GENERAL) • 6,636 SF
      2584 Us Hwy 80, Bloomingdale, GA 31302-4509
      View Details
    • Value Estimation by Request
      1,513 SF

      2701 Us Hwy 80

      OFFICE (GENERAL) • 1,513 SF
      2701 Us Hwy 80, Bloomingdale, GA 31302-4502
      View Details
    • Value Estimation
      $2,765,000
      20,000 SF

      3190 Us Hwy 80

      OFFICE (GENERAL) • 20,000 SF
      3190 Us Hwy 80, Bloomingdale, GA 31302-4543
      View Details
    • Value Estimation by Request
      1,274 SF

      1407 Us Hwy 80

      OFFICE BUILDING • 1,274 SF
      1407 Us Hwy 80, Bloomingdale, GA 31302-4932
      View Details

    Similar Nearby for Sale

    • $1,699,000
      6.08 Acres

      Prime Bloomingdale Office Building

      6-Acre Office Property - $1.7M
      817 Us 80 Hwy, Bloomingdale, GA 31302
      View Details
    • $999,000

      Highway 80 Commercial Property

      Prime commercial land with renovated office space and highway frontage.
      817 Us Highway 80, Bloomingdale, GA 31302
      View Details
    • $1,100,000
      9 SF

      Commercial Parcels Near I-16

      Two commercial parcels available near I-16 with infrastructure in place.
      Little Neck Rd, Bloomingdale, GA 31302
      View Details
    • $5,200,000
      48.70 Acres

      Meldrim Industrial Land - 48 Acres

      Prime I-16 location, 48 acres, light industrial zoning.
      0 Old Riv Rd, Meldrim, GA 31302
      View Details
    • $6,995,000
      20 SF

      20 Acres at New Hampstead

      20-acre corner property at the entrance to New Hampstead.
      3751 Highgate Blvd, Bloomingdale, GA 31302
      View Details
    • $1,750,000

      Highway Frontage Development Opportunity

      10 acres near Hyundai Meta Site with highway frontage.
      Us Highway 80, Bloomingdale, GA 31302
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      550,000 SF

      Parkway 16 East: Savannah Flex Space

      Class A industrial space; build-to-suit options available.
      0 Bloomingdale Rd, Bloomingdale, GA 31302
      View Details
    • Contact for pricing
      346,184 SF

      Bloomingdale Industrial Space Available

      Industrial property with 346,184 square feet available for rent.
      101 Sh Morgan Pkwy, Bloomingdale, GA 31302
      View Details
    • Contact for pricing
      393,680 SF

      River Road Logistics Center

      New Class A Warehouse, Rail Served
      1085 Old River Rd, Bloomingdale, GA 31302
      View Details
    • Contact for pricing
      860,850 SF

      Jimmy Deloach Pkwy

      Flex space
      0 Jimmy Deloach Pkwy, Bloomingdale, GA 31302
      View Details
    • $13 SF/Yr
      240,000 SF

      Savannah Class A Warehouse Space

      175,000 SF Available, $1.15/SF
      1560 Pine Barren Rd, Bloomingdale, GA 31302
      View Details
    • Contact for pricing
      583,200 SF

      Bloomingdale Warehouse Space Available

      Large warehouse space available for lease in Bloomingdale, Georgia.
      301 Savannah Portside International Pkwy, Bloomingdale, GA 31302
      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.
    Old Riv Rd
    Bloomingdale, GA 31302
    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.