7505 Waters Avenue Savannah, GA 31406
SINGLE_FAMILY - Savannah, GA
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
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1985
- Floors in Building
- 1
- 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
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.
The property is located at 7505 Waters Avenue in Savannah, GA 31406, within a BN-zoned commercial corridor. It sits among established neighboring businesses. The building has recently received a new roof, and the HOA is structured to support exterior and common maintenance.
For owner-occupants, the independent entrance and dedicated mechanicals help streamline operations and reduce reliance on shared spaces. For investors, the unit’s condominium structure and low-maintenance ownership elements are supported by the HOA dues of $170 per month beginning in January, which include landscaping, exterior repairs, parking lot maintenance, and the roof. This combination of private access, self-contained systems, and condominium-style ownership makes Unit 11 a practical fit for professional office tenants seeking their own operational setup.
Key Highlights
- First‑floor office condo in the Park South Office Complex with a private exterior front entrance and no shared interior hallway
- Direct front‑door parking for added convenience
- Unit 11 has its own HVAC system and electric water heater 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 | $18.4k | $22.20 |
| − Vacancy | −$3.0k | −$3.66 |
| EGI | $15.4k | $18.54 |
| − OpEx | −$3.8k | −$4.63 |
| NOI | $11.5k | $13.90 |
