Standalone Office
1010 E Victory Drive F, Savannah, GA 31405
For Sale
$199,990
Standalone condominium office with O-I zoning, dedicated parking, and a flexible interior arrangement for professional use.
Property Size900 SF
Price / SF$222.21
Days on Market60
Property Features for 1010 E Victory Drive F
General Information
Standard status
Size
Zoning
Site & Location
Neighborhood
Additional Details
Office Units
Building Details
Year Built
Buildings
Listing Agency:
Engel & Volkers
Listed By:
Sarah J. Pounders · License GA #394165
(404) 210-9383
Source:
Thehomesourcegroupga
Added: Sep 16
Changed: Oct 26
Last Checked: Oct 7 at 1:58PM
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
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Investment Insights
Based on property information with market context.
This standalone condominium office contains 900 square feet and was built in 1920. The interior includes a central reception or shared area, two enclosed rooms, a full bathroom, and a kitchen or break area. A rear doorway connects to the alley, while dedicated parking is positioned at the front of the property. The space is offered in As-Is Condition.
Located at 1010 E Victory Drive F in Savannah, the property sits across from Daffin Park and provides access to the Waters Avenue corridor, Victory Drive, Parkside, Live Oak, Ardsley Park, and surrounding Midtown Savannah neighborhoods. O-I (Office-Institutional) zoning supports professional, office, or institutional uses subject to applicable requirements and approvals.
Located at 1010 E Victory Drive F in Savannah, the property sits across from Daffin Park and provides access to the Waters Avenue corridor, Victory Drive, Parkside, Live Oak, Ardsley Park, and surrounding Midtown Savannah neighborhoods. O-I (Office-Institutional) zoning supports professional, office, or institutional uses subject to applicable requirements and approvals.
Key Highlights
- 900‑square‑foot standalone condominium office
- O‑I (Office‑Institutional) zoning
- Two private rooms, reception area, full bathroom, and kitchen/break area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,512
Cap Rate
6.26%
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 6.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$243.0K
$212.6K – $283.5K
NOI $17,010 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
601
Businesses Nearby
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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
$304,800
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Savannah, GA
Properties on Market for Office Units in Savannah
Vacancy Rate% for Office in Savannah, GA
Frequently Asked Questions
What type of property is this?
Office unit - Standalone condominium office with O-I zoning, dedicated parking, and a flexible interior arrangement for professional use.
Where is this office unit located?
The property is located at 1010 E Victory Drive F Savannah, GA.
What is the asking price?
The asking price for this property is $199,990.
What are key features of this property?
This property features: 900‑square‑foot standalone condominium office; O‑I (Office‑Institutional) zoning; Two private rooms, reception area, full bathroom, and kitchen/break area
