Savannah Office Building on
112 E Derenne Avenue, Savannah, GA 31405
SINGLE_FAMILY - Bungalow - Savannah, GA
Type:Office
Property size:
1,925 SFLot size:
0.29 AcresPrice / SF:
$228/SF- Added:
- Nov 6, 2025
- Days on Market:
- 198
- Last Refresh:
- May 23 at 9:06 am
Property Features for 112 E Derenne Avenue
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- OI
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Parking
- 5
- Exterior features
- Storage
- Fencing
- Chain Link
- Appliances
- Freezer, Gas Water Heater, Oven, Range, Refrigerator
- Standard status
- Active
- APN
- 2012804014
- Size
- 1,925 SF
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Description
- LOT 6 MANOR SUB PEEPLES WARD
Utilities
- Sewer type
- Public Sewer
- Heating system
- Wall Furnace, Electric (Heating), Heat Pump (Heating)
- Cooling system
- Electric, Central Air, Wall Unit(s)
- Water source
- Public
Building Details
- Year built
- 1970
- Floors in Building
- 1
- Flooring type
- Hardwood, Tile
- Building materials
- Wood Siding
- Roof type
- Composition
- Architectural style
- Bungalow
- Additional Structures
- Workshop, Storage
Listing agent Shane P. Litts License #375076 (912) 659-0464
Listing office Engel & Volkers 1650 E Victory Drive, Savannah, GA (912) 238-0874
Listing date Nov 6, 2025
MLS# SA343220
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Excellent location on E. Derenne Ave. near Habersham St. and Abercorn St. with high visibility.
- Zoned O‑I (Office & Institutional) offering flexible use.
- Adaptable +/-1,925 SF building easily converted to office space.
- Includes two accessory buildings (workshop and metal shed) for storage or creative use.
- Ample parking space.
- New architectural shingle roof.
Overview
This property presents an owner-user opportunity on E. Derenne Ave near Habersham St, just off Abercorn St. Zoned O-I (Office & Institutional), the building has approximately 1,925 square feet of space on a 0.29-acre lot. It features a new architectural shingle roof. The current layout includes 3 bedrooms and 1.5 baths, adaptable for office use. Each bedroom can function as a private office, and the living room can serve as a reception or conference area. Two front entrances allow separate access for clients and employees. The property includes a large attached work area, plus two accessory buildings: an 11' x 23' workshop and an 11' x 23' metal shed for storage or creative use. The property has visibility, ample parking space, and access to Midtown and Downtown. The adjacent 0.38-acre corner lot on Habersham St. is also available, offering expansion or redevelopment potential.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$297.4K
NOI $26,763 @ 9.00% cap · cautious / downside scenario
Moderate
$382.3K
NOI $26,763 @ 7.00% cap · market / base-case scenario
Aggressive
$535.3K
NOI $26,763 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.7k | $22.20 |
| − Vacancy | −$7.1k | −$3.66 |
| EGI | $35.7k | $18.54 |
| − OpEx | −$8.9k | −$4.63 |
| NOI | $26.8k | $13.90 |
1,925 SF · lease $22.20/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$382.3K
$334.5K – $446.1K
NOI $26,763 @ 7.0% cap · market cap 6.10%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.80M
$1.57M – $2.10M
NOI $125,933 @ 7.0% cap · market cap 28.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
ASAP Window Tinting
Interior Design
Location Insight
- Map
- Local Demand
- City
- Savannah
- County
- Chatham
- State
- Georgia
- Longitude
- -81.106446
- Latitude
- 32.028097
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Office building with redevelopment potential on busy E. Derenne Ave.
Where is this office building located?
The property is located at 112 E Derenne Avenue Savannah, GA.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Excellent location on E. Derenne Ave. near Habersham St. and Abercorn St. with high visibility.; Zoned O‑I (Office & Institutional) offering flexible use.; Adaptable +/-1,925 SF building easily converted to office space.
