Park South Office
7505 Waters Avenue Savannah, GA 31406
7505 Waters Avenue, Savannah, GA, 31406
$749,900
SINGLE_FAMILY - Savannah, GA
Property Size4,214 SF
Lot Size0.01 Acres
Price / SF$177.95
AddedJan 14
Days on Market183
Last RefreshJul 16 at 4:06 am
Property Features for 7505 Waters Avenue
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- BN
- Bathrooms
- 5
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 5, Bathroom 4
- Appliances
- Electric Water Heater
- Standard status
- Active Under Contract
- APN
- 2049109038
- Size
- 4,214 SF
- Lot size
- 0.01 Acres
Taxes and HOA fees
- Tax Description
- UNIT C-14 PARK SOUTH
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1985
- Floors in Building
- 2
- Flooring type
- Wood, Carpet
- Building materials
- Brick
- Roof type
- Asphalt
Listing agent Steffany P. Farmer License #168178 (912) 484-5552
Listing office Better Homes and Gardens Real 130 Canal Street, Suite 504, Pooler, GA (912) 303-8405
Listing date Jan 14, 2026
MLS# SA346772
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 offering provides up to 4,214 square feet of office condominium space made up of five combined units (9, 10, 11, 12, and 14) within the Park South Office Complex. The common walls between the units have been opened with cased openings, resulting in a connected layout that remains clearly defined and can be reconfigured if desired. The configuration includes two downstairs units and three upstairs units, with three private exterior front entrances and front-door parking, with no shared interior hallways. Each unit has its own HVAC system, water heater, and private half bath, supporting independent operation across the units. The middle upstairs unit currently includes a kitchenette that can be converted back to office use. Unit 14 is an upstairs end unit and offers a view overlooking a corner park. The building roof was recently replaced.
The property is located at 7505 Waters Avenue in Savannah, GA, and sits within a high-demand commercial corridor among established neighboring businesses. The complex is supported by an HOA.
Designed for flexibility, this space may suit owner-occupants and tenants such as therapists, medical providers, attorneys, and consultants that benefit from private restrooms and independent building systems while using a connected office configuration. The owner is open to selling the entire combined space or selecting smaller combinations, including Unit 11 individually or select pairs of units. HOA dues are listed at $170 per month beginning in January and cover landscaping, exterior repairs, parking lot maintenance, and the roof.
The property is located at 7505 Waters Avenue in Savannah, GA, and sits within a high-demand commercial corridor among established neighboring businesses. The complex is supported by an HOA.
Designed for flexibility, this space may suit owner-occupants and tenants such as therapists, medical providers, attorneys, and consultants that benefit from private restrooms and independent building systems while using a connected office configuration. The owner is open to selling the entire combined space or selecting smaller combinations, including Unit 11 individually or select pairs of units. HOA dues are listed at $170 per month beginning in January and cover landscaping, exterior repairs, parking lot maintenance, and the roof.
Key Highlights
- Up to 4,214 SF of office condo space in the Park South Office Complex, made up of five combined units (9, 10, 11, 12 & 14).
- Layout features 3 private exterior front entrances, front‑door parking, and no shared interior hallways; common walls have been opened with cased openings.
- Two downstairs units and three upstairs units; each unit has its own HVAC system, electric water heater, and private half bath for independent operation.
Local 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 | $93.6k | $22.20 |
| − Vacancy | −$15.4k | −$3.66 |
| EGI | $78.1k | $18.54 |
| − OpEx | −$19.5k | −$4.63 |
| NOI | $58.6k | $13.90 |
4,214 SF · lease $22.20/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$836.9K
$732.3K – $976.4K
NOI $58,586 @ 7.0% cap · market cap 7.81%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.94M
$3.45M – $4.59M
NOI $275,678 @ 7.0% cap · market cap 36.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Up to five combined office condo units with independent HVAC, private half baths, and exterior entrances.
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 $749,900.
What are key features of this property?
This property features: Up to 4,214 SF of office condo space in the Park South Office Complex, made up of five combined units (9, 10, 11, 12 & 14).; Layout features 3 private exterior front entrances, front‑door parking, and no shared interior hallways; common walls have been opened with cased openings.; Two downstairs units and three upstairs units; each unit has its own HVAC system, electric water heater, and private half bath for independent operation.
