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
- Appliances
- Electric Water Heater
- Standard status
- Active
- APN
- 2049109003F
- Size
- 831 SF
- Lot size
- 0.01 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- UNIT F-3 PARK SOUTH
- Tax Annual Amount
- 707
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1985
- Floors in Building
- 1
- Building materials
- Brick
Listing agent Susan Ross License #410013 (912) 713-3956
Listing office Realty One Group Inclusion 7025 Hodgson Memorial Dr Suite, Savannah, GA (912) 298-7200
Listing date Jul 10, 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.
Ample parking is located just outside the entrance for convenient tenant and guest access. The property is zoned BN.
Ownership is supported by monthly HOA dues of $170, which cover landscaping, exterior building maintenance, parking lot maintenance, and the roof, supporting a lower-maintenance ownership structure. Additional office units owned by the seller are available for purchase as well.
Key Highlights
- First‑floor office condominium in the Park South Office Complex in the heart of Savannah
- Reception area plus 2 private offices and a dedicated half bath
- Own HVAC system and electric water heater
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 | −$3.9k | −$4.63 |
| NOI | $11.6k | $13.90 |
