Richmond Hill, GA
Commercial Real Estate Market Trends & Data

$734 Avg asking sale price
$8,726 Avg asking lease rate
110,947 SF Avg unit lease size
1,946 SF Avg building size for sale

Richmond Hill's Demographic Profile

Richmond Hill has 6,695 households and a median income of $81,166, providing context for rent absorption and tenant demand across retail and multifamily assets. A +18% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 19,088
# Households 6,695
Median age 33
Median household income $81,166
Avg household size 3.0
Renter-occupied housing units 2,769
5-year population change +18%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Richmond Hill, GA

↻ Updated Monthly

{{marketTabDescriptions[activeMarketTab]}}

Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Savannah $383 8,713 SF 8.50%
Garden City $246 11,746 SF 8.50%
Nearby Retail Markets Avg Cost/SF Typical Size
Richmond Hill $1,356 2,544 SF
Savannah $481 9,050 SF
Hunter Aaf $177 7,750 SF
Garden City $592 2,901 SF
Pooler $804 6,506 SF

Commercial Properties For Sale in Richmond Hill

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Richmond Hill Hwy 17 Commercial

Richmond Hill, GA 31324

  • 1.56 AC Lot
  • 1 Commercial Lot
  • $495,000
For Sale

50 Wise Ct

Richmond Hill, GA 31324

  • 2.14 AC Lot
  • 1 Commercial Lot
  • $495,000
For Sale

10375 Ford Ave

Richmond Hill, GA 31324

  • 1,072 SF Office Building
  • $305,000
For Sale

Hwy 144 & Port Royal Road

Richmond Hill, GA 31324

  • 1.37 - 10.47 AC Lots
  • 5 Commercial Lots
  • $1,250,000 - $9,075,000
For Sale

Mulberry Comm. Park Development Site

Richmond Hill, GA 31324

  • 1.71 AC Lot
  • 1 Commercial Lot
  • $475,000
For Sale

(2) Commercial Parcels at I-95 (Exit 87)

Richmond Hill, GA 31324

  • 1.79 - 1.96 AC Lots
  • 2 Commercial Lots
  • $699,000 - $1,444,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

Multifamily vs. Single-Family Investing ROI
Multifamily vs. Single-Family Investing ROI
Multifamily vs single-family investing compared across cash flow, vacancy risk, financing, management complexity, and ROI to help investors evaluate returns and downside risk by property type.
CapEx in Commercial Real Estate
CapEx in Commercial Real Estate
How to plan capital expenditures, prioritize projects, and manage risk without sacrificing returns on your commercial property investment.
Internal Rate of Return (IRR) Calculator
Internal Rate of Return (IRR) Calculator
Use this calculator to measure annualized returns, compare investment scenarios, and evaluate risk across commercial real estate deals.
What is a Ground Lease?
What is a Ground Lease?
Understanding the Nuances of Ground and Land Leases
Master Lease Strategies
Master Lease Strategies
Maximizing Control and Income with Flexible Leasing Solutions
How to Find Industrial Tenants for Your Property
How to Find Industrial Tenants for Your Property
A practical guide to finding qualified industrial tenants, from building your tenant profile to tenant screening and closing the lease.
Bonus Depreciation
Bonus Depreciation
A practical guide to using bonus depreciation to reduce tax liability, improve cash flow, and plan property improvements with timing strategies in mind.
Accelerated Depreciation in Commercial Real Estate
Accelerated Depreciation in Commercial Real Estate
Understand how accelerated depreciation works, which method fits your deal, and how to avoid the tax pitfalls that catch most investors off guard.

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Richmond Hill pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Richmond Hill $734 1,946 SF
Midway $822 1,251,770 SF
Savannah $414 38,882 SF
Hunter Aaf $255 177,126 SF

Regional Demographic Comparison

This comparison places Richmond Hill alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Richmond Hill or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Richmond Hill 19,088 6,695 33 $81,166 3 2,769 18%
Midway 1,895 690 39 $57,214 3 172 4%
Savannah 154,258 62,684 36 $54,429 2 35,633 4%
Hunter Aaf 311 72 26 $51,875 3 70 4%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Richmond Hill, GA and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Richmond Hill

View All Commercial Real Estate For Sale in Richmond Hill
Is Richmond Hill a good market for a first-time commercial real estate investor?

Richmond Hill offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Richmond Hill?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Richmond Hill. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Richmond Hill?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Richmond Hill. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Richmond Hill compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Richmond Hill. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Richmond Hill acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Richmond Hill, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Cities
Commercial Market Reports