Savannah Office Condo For
7505 Waters Avenue, Savannah, GA 31406
SINGLE_FAMILY - Savannah, GA
Type:Office
Property size:
829 SFLot size:
0.01 AcresPrice / SF:
$191/SF- Added:
- Jan 14, 2026
- Days on Market:
- 137
- Last Refresh:
- May 31 at 6:06 pm
Property Features for 7505 Waters Avenue
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- BN
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Appliances
- Electric Water Heater
- Standard status
- Active Under Contract
- APN
- 2049109041
- Size
- 829 SF
- Lot size
- 0.01 Acres
Taxes and HOA fees
- Tax Description
- UNIT C-11 PARK SOUTH
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1985
- Floors in Building
- 1
- Flooring type
- Carpet, Wood
- 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# SA346343
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
- Private exterior entrance with direct access and front‑door parking.
- Independent operation with private HVAC, water heater, and half bath.
- Low‑maintenance ownership with HOA covering landscaping, exterior repairs, parking lot, and roof.
- Centrally located in a high‑demand commercial corridor with established businesses.
- Flexible layout suitable for various professional office users.
- New roof recently installed.
Overview
Located in the Park South Office Complex, Unit 11 is a first-floor office condominium featuring a private exterior front entrance with direct access and front-door parking. The unit has its own HVAC system, water heater, and private half bath. The building has a new roof. The flexible layout is suited for therapists, attorneys, consultants, medical providers, or other professional office users. HOA dues are $170 per month beginning in January and include landscaping, exterior repairs, parking lot maintenance, and the roof. The property is centrally located among established neighboring businesses in a high-demand commercial corridor. The property is zoned BN. The property contains 829 square feet and sits on a lot of 0.0138 acres.
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 | $18.4k | $22.20 |
| − Vacancy | −$3.0k | −$3.66 |
| EGI | $15.4k | $18.54 |
| − OpEx | −$3.8k | −$4.63 |
| NOI | $11.5k | $13.90 |
829 SF · lease $22.20/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$164.6K
$144.1K – $192.1K
NOI $11,525 @ 7.0% cap · market cap 7.25%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$774.8K
$677.9K – $903.9K
NOI $54,233 @ 7.0% cap · market cap 34.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- Savannah
- County
- Chatham
- State
- Georgia
- Longitude
- -81.102493
- Latitude
- 32.004086
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - First-floor office condo with private entrance in Park South.
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 $159,000.
What are key features of this property?
This property features: Private exterior entrance with direct access and front‑door parking.; Independent operation with private HVAC, water heater, and half bath.; Low‑maintenance ownership with HOA covering landscaping, exterior repairs, parking lot, and roof.
