Freestanding Medical
For Sale
$535,000
11706 Mercy Boulevard, Savannah, GA 31419
Commercial Sale, Savannah, GA
Property Size1,730 SF
Lot Size0.10 Acres
Price / SF$309.25
Days on Market186
Property Features for 11706 Mercy Boulevard
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
OI-E
Parking
12
Appliances
Electric Water Heater
Directions
Abercorn to Mercy Blvd toward main entrance to St. Joe's Hospital. Building #2 is directly across from main entrance to hospital.
Standard status
Active
APN
2075402029
Size
1,730 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LT 3 ST JOSEPHS PROF PLAZA
Tax Annual Amount
1623
Legal Description
LT 3 ST JOSEPHS PROF PLAZA
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Forced Air
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1979
Floors in Building
1
Building materials
Brick
Listing Agency:
Parker Scott Properties
(912) 897-6320
Listed By:
John Blair Southerland · License #403553
(912) 844-8333
Added: Feb 19
Changed: Aug 19
Last Checked: Aug 24 at 5:06PM
MLS# SA351756
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.
Investment Insights
Based on property information with market context.
This freestanding medical office property contains 1,730 square feet on a 0.1-acre lot. The building formerly operated as a dental office, with medical and dental improvements already in place. Brick construction, electric forced-air heating, and central air conditioning are included, along with an electric water heater.
The property is located at 11706 Mercy Boulevard in Savannah, Georgia, directly across from St. Joseph's Hospital. Public water and public sewer serve the site. Built in 1979, the building offers an established medical-office setting with existing systems and improvements suited to its prior use.
The property is located at 11706 Mercy Boulevard in Savannah, Georgia, directly across from St. Joseph's Hospital. Public water and public sewer serve the site. Built in 1979, the building offers an established medical-office setting with existing systems and improvements suited to its prior use.
Key Highlights
- 1,730‑square‑foot freestanding medical office on a 0.1‑acre lot
- Former dental office with medical and dental improvements in place
- Located across from St. Joseph's Hospital
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,052
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$481,040
$481.0K
Cap Rate 7%
$343,600
$343.6K
Cap Rate 9%
$267,244
$267.2K
Market Conditions
NOI Build-Up for 1,730 SF
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.
Gross rent
$38.4K $22.20/SF
− Vacancy
−$6.3K −$3.66/SF
EGI
$32.1K $18.54/SF
− OpEx
−$8.0K −$4.63/SF
NOI
$24.1K $13.90/SF
Area
Savannah, GA
Vacancy
16.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$481,040
Cap Rate 7%
$343,600
Cap Rate 9%
$267,244
Alternative Uses
Best Use
Office B
$343.6K
$300.7K – $400.9K
NOI $24,052 @ 7.0% cap · market cap 4.50%
Second Best
Healthcare Medical
$314.0K
$274.8K – $366.4K
NOI $21,982 @ 7.0% cap · market cap 4.11%
Theoretical Best
Warehouse
$1.62M
$1.41M – $1.89M
NOI $113,176 @ 7.0% cap · market cap 21.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
733
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 31419, GA
55,413
Population
24,862
Households
2.2
Avg Household Size
35
Median Age
34%
College-Educated
91%
High-School Grad
72.9 sq mi
ZIP Area
760
Density / Sq Mi
$70,734
Median Household Income
$35,804
Median Earnings
$1,344
Median Rent
$239,600
Median Home Value
Market
Vacancy Rate% for Office in Savannah, GA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Existing dental-oriented improvements, public utilities, and central HVAC support continued medical or dental use.
Where is this medical office space located?
The property is located at 11706 Mercy Boulevard Savannah, GA.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: 1,730‑square‑foot freestanding medical office on a 0.1‑acre lot; Former dental office with medical and dental improvements in place; Located across from St. Joseph's Hospital
