Standalone Office
For Sale
$199,990
1010 E Victory Drive F, Savannah, GA 31405
Savannah, GA
Property Size900 SF
Price / SF$222.21
Days on Market25
Property Features for 1010 E Victory Drive F
General Information
Property type
Commercial Sale
Property subtype
Condominium
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Bedroom 2
Standard status
Active
Size
900 SF
Building Details
Year built
1920
Listing Agency:
Engel & Volkers Savannah · Engel & Völkers
(912) 238-0874
Listed By:
Sarah Joy Pounders · License #394165
(404) 210-9383
Added: Sep 16
Changed: Oct 5
Last Checked: Oct 10 at 3:06AM
MLS# SA364617
Copyright © 2026 Engel & Völkers. 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.
This standalone office condominium contains 900 square feet and was built in 1920. The interior includes a central reception or shared area, two private rooms, a full bathroom, and a kitchen or break area. A rear entrance connects to the alley, while dedicated parking spaces are positioned at the front. The property is offered in as-is condition.
Zoned O-I (Office-Institutional), the property supports professional, office, or institutional uses subject to applicable zoning requirements and approvals. It is located directly across from Daffin Park, with access to the Waters Avenue corridor, Victory Drive, Parkside, Live Oak, Ardsley Park, and surrounding Midtown Savannah neighborhoods.
Zoned O-I (Office-Institutional), the property supports professional, office, or institutional uses subject to applicable zoning requirements and approvals. It is located directly across from Daffin Park, with access to the Waters Avenue corridor, Victory Drive, Parkside, Live Oak, Ardsley Park, and surrounding Midtown Savannah neighborhoods.
Key Highlights
- 900 SF standalone office condominium
- O‑I (Office‑Institutional) zoning
- Two private rooms plus central reception or common 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
Warehouse
$841.1K
$736.0K – $981.3K
NOI $58,878 @ 7.0% cap · market cap 29.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
519
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
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Market
Vacancy Rate% for Office in Savannah, GA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - O-I-zoned office condominium with flexible rooms, kitchen area, bathroom, rear alley access, and dedicated front parking.
Where is this office units 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 SF standalone office condominium; O‑I (Office‑Institutional) zoning; Two private rooms plus central reception or common area
