Second-Floor Office
For Sale
$145,000
7505 Waters Avenue, Savannah, GA 31406
SINGLE_FAMILY - Savannah, GA
Property Size817 SF
Lot Size0.01 Acres
Price / SF$177.48
Days on Market9
Property Features for 7505 Waters Avenue
General Information
Property type
Residential
Property subtype
Office
Zoning
BN
Bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1
Security features
Security Lighting
Appliances
Electric Water Heater
Directions
To get to 7505 Waters Ave from I-95 in Savannah, take Exit 94 for GA-204 East, transition to the Harry S Truman Parkway, and head north to exit toward Waters Avenue. The total drive is about 12 miles and takes roughly 15 to 20 minutes depending on traffic.
Standard status
Active
APN
2049109025
Size
817 SF
Lot size
0.01 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
UNIT B-8 PARK SOUTH
Tax Annual Amount
628
HOA Fee
$170 Monthly
Legal Description
UNIT B-8 PARK SOUTH
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Electric (Heating), Central
Cooling system
Central Air, Heat Pump, Electric
Water source
Public
Building Details
Year built
1985
Floors in Building
2
Building materials
Brick
Listing Agency:
Velore Brown Real Estate, LLC
(912) 323-0027
Listed By:
Velore Brown · License #368917
(912) 323-0027
Added: Jul 28
Changed: Jul 30
Last Checked: Aug 5 at 7:06PM
MLS# SA361407
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.
Located within Park South Office Park, this second-floor office condo is positioned among professional services, retail shops, and dining options. The unit is intended for small to medium-sized businesses and is accessible from major highways for convenient travel for employees and clients.
The office condo sits on a 0.0124-acre lot and includes 817 square feet of space. Constructed with brick, the property was built in 1985. The unit is served by public water and public sewer, with cable available.
Interior building systems include a heat pump and central heating, along with electric heating, and cooling via central air, heat pump, and electric. An electric water heater is also included, with one listed bathroom.
The office condo sits on a 0.0124-acre lot and includes 817 square feet of space. Constructed with brick, the property was built in 1985. The unit is served by public water and public sewer, with cable available.
Interior building systems include a heat pump and central heating, along with electric heating, and cooling via central air, heat pump, and electric. An electric water heater is also included, with one listed bathroom.
Key Highlights
- Second‑floor office condo in Park South Office Park
- 817 SF office condo on a 0.0124‑acre lot
- Zoned BN
Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.1k | $22.20 |
| − Vacancy | −$3.0k | −$3.66 |
| EGI | $15.1k | $18.54 |
| − OpEx | −$3.8k | −$4.63 |
| NOI | $11.4k | $13.90 |
817 SF · lease $22.20/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$162.3K
$142.0K – $189.3K
NOI $11,359 @ 7.0% cap · market cap 7.83%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$763.5K
$668.1K – $890.8K
NOI $53,448 @ 7.0% cap · market cap 36.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,453
Businesses Nearby
Explore this area
Business Placement
Demographics for 31406, GA
34,579
Population
15,424
Households
2.2
Avg Household Size
39
Median Age
37%
College-Educated
93%
High-School Grad
26.2 sq mi
ZIP Area
1,320
Density / Sq Mi
$66,084
Median Household Income
$41,512
Median Earnings
$1,340
Median Rent
$260,800
Median Home Value
Market
Vacancy Rate% for Office in Savannah, GA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Second-floor office condo in Park South Office Park with BN zoning and central HVAC on a brick building site.
Where is this office units located?
The property is located at 7505 Waters Avenue Savannah, GA.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: Second‑floor office condo in Park South Office Park; 817 SF office condo on a 0.0124‑acre lot; Zoned BN
