Three-Office Professional
For Sale
$169,900
103-785 King George Blvd, Savannah, GA 31419
Second-floor office unit with reception, kitchenette, and on-site parking in a multi-suite office setting.
Property Size993 SF
Price / SF$171.10
Days on Market13
Property Features for 103-785 King George Blvd
General Information
Standard status
Active
Size
993 SF
Additional Details
Floor
2
Highway Access
Yes
Listing Agency:
RE/MAX Accent
(912) 604-1967
Listed By:
Cecilia Bird · License #229947
(912) 604-1967
Source:
Exprealty
Added: Aug 12
Changed: Aug 21
Last Checked: Aug 24 at 12:38PM
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 RE/MAX Accent
Investment Insights
Based on property information with market context.
This second-floor office unit contains 993 square feet arranged with three private offices, a reception area, and a kitchenette. The configuration provides distinct work areas alongside a designated arrival and meeting point within the suite. The property is located in Georgetown Office Park, which includes on-site parking for occupants and visitors.
Access is available to downtown Savannah, the Southside, Highway 17, and Interstate 95, connecting the office park with several major areas and transportation routes. The suite is suited to professional office operations requiring multiple enclosed rooms and shared reception functionality.
Access is available to downtown Savannah, the Southside, Highway 17, and Interstate 95, connecting the office park with several major areas and transportation routes. The suite is suited to professional office operations requiring multiple enclosed rooms and shared reception functionality.
Key Highlights
- 993‑square‑foot second‑floor office unit
- Three private offices within the suite
- Reception area and kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,805
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$276,100
$276.1K
Cap Rate 7%
$197,214
$197.2K
Cap Rate 9%
$153,389
$153.4K
Market Conditions
NOI Build-Up for 993 SF
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.
Gross rent
$22.0K $22.20/SF
− Vacancy
−$3.6K −$3.66/SF
EGI
$18.4K $18.54/SF
− OpEx
−$4.6K −$4.63/SF
NOI
$13.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$276,100
Cap Rate 7%
$197,214
Cap Rate 9%
$153,389
Alternative Uses
Best Use
Office B
$197.2K
$172.6K – $230.1K
NOI $13,805 @ 7.0% cap · market cap 8.13%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$928.0K
$812.0K – $1.08M
NOI $64,962 @ 7.0% cap · market cap 38.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
161
Businesses Nearby
Explore this area
Business Placement
Demographics for 31419, GA
55,413
Population
24,862
Households
2.2
Avg Household Size
35
Median Age
34%
College-Educated
91%
High-School Grad
72.9 sq mi
ZIP Area
760
Density / Sq Mi
$70,734
Median Household Income
$35,804
Median Earnings
$1,344
Median Rent
$239,600
Median Home Value
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 - Second-floor office unit with reception, kitchenette, and on-site parking in a multi-suite office setting.
Where is this office units located?
The property is located at 103-785 King George Blvd Savannah, GA.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: 993‑square‑foot second‑floor office unit; Three private offices within the suite; Reception area and kitchenette
