Standalone Office
For Sale
$169,990
1010 E Victory Dr, Savannah, GA 31405
O-I zoning and a layout with private rooms support professional and institutional use, subject to applicable approvals.
Property Size900 SF
Price / SF$188.88
Days on Market44
Property Features for 1010 E Victory Dr
General Information
Standard status
Active
Size
900 SF
Property subtype
Commercial
Zoning
O-I
Site & Location
Neighborhood
Cann Park
Building Details
Year Built
1920
Listing Agency:
Engel & Volkers
Listed By:
Sarah Joy Pounders · License #394165
(404) 210-9383
Source:
Searchgreateraugustahomes
Added: Sep 15
Changed: Oct 25
Last Checked: Oct 28 at 8:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Engel & Volkers
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 900-square-foot standalone office condominium at 1010 E Victory Dr has a central reception or shared area, two private rooms, a full bathroom, and a kitchen or break area. The property was built in 1920 and is offered in as-is condition. Its O-I (Office-Institutional) zoning supports office, professional, or institutional uses subject to applicable requirements and approvals.
Dedicated parking is positioned at the front, and a rear entry connects to the alley. The property is directly across from Daffin Park in Savannah, with access to the Waters Avenue corridor and Victory Drive. Parkside, Live Oak, Ardsley Park, and other Midtown Savannah neighborhoods are also identified in the surrounding area.
Dedicated parking is positioned at the front, and a rear entry connects to the alley. The property is directly across from Daffin Park in Savannah, with access to the Waters Avenue corridor and Victory Drive. Parkside, Live Oak, Ardsley Park, and other Midtown Savannah neighborhoods are also identified in the surrounding area.
Key Highlights
- 900‑square‑foot standalone office condominium
- O‑I (Office‑Institutional) zoning
- Central reception area, two private rooms, full bathroom, and kitchen or break area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,512
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$250,240
$250.2K
Cap Rate 7%
$178,743
$178.7K
Cap Rate 9%
$139,022
$139.0K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$20.0K $22.20/SF
− Vacancy
−$3.3K −$3.66/SF
EGI
$16.7K $18.54/SF
− OpEx
−$4.2K −$4.63/SF
NOI
$12.5K $13.90/SF
Area
Savannah, GA
Vacancy
16.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$250,240
Cap Rate 7%
$178,743
Cap Rate 9%
$139,022
Alternative Uses
Best Use
Office B
$178.7K
$156.4K – $208.5K
NOI $12,512 @ 7.0% cap · market cap 7.36%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$841.1K
$736.0K – $981.3K
NOI $58,878 @ 7.0% cap · market cap 34.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
601
Businesses Nearby
Explore this area
Business Placement
Demographics for 31405, GA
38,069
Population
16,809
Households
2.3
Avg Household Size
36
Median Age
35%
College-Educated
90%
High-School Grad
31.2 sq mi
ZIP Area
1,220
Density / Sq Mi
$62,123
Median Household Income
$35,836
Median Earnings
$1,431
Median Rent
$304,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Savannah, GA
Frequently Asked Questions
What type of property is this?
Office building - O-I zoning and a layout with private rooms support professional and institutional use, subject to applicable approvals.
Where is this office building located?
The property is located at 1010 E Victory Dr Savannah, GA.
What is the asking price?
The asking price for this property is $169,990.
What are key features of this property?
This property features: 900‑square‑foot standalone office condominium; O‑I (Office‑Institutional) zoning; Central reception area, two private rooms, full bathroom, and kitchen or break area
