112 E Derenne Ave, Savannah, GA 31405
Highly visible property suitable for office, studio, or institutional use.
- Added:
- Feb 12, 2026
- Days on Market:
- 92
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 112 E Derenne Ave
General Information
- Standard status
- Active
- Size
- 1,925 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 1970
Listing agent Shane Litts License #375076
Listing office Engel & Volkers Savannah
Listing date Feb 12, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Engel & Volkers Savannah
HighLights
- Highly visible location on East Derenne Avenue, a central Savannah corridor, ideal for professional or institutional presence.
- Flexible O‑I (Office and Institutional) zoning allows for a wide range of uses.
- Adaptable ±1,925 SF building, currently a three‑bedroom home, easily converted to office/studio space with multiple entrances.
- Opportunity to acquire adjacent lots to create a 0.96‑acre corner assemblage for redevelopment or expansion.
- Includes a large attached work area and two additional accessory buildings for storage, production, or creative workspace.
- New architectural shingle roof recently installed.
Overview
Financial Insights
Value Estimation Calculated for Office B
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.7k | $22.20 |
| − Vacancy | −$7.1k | −$3.66 |
| EGI | $35.7k | $18.54 |
| − OpEx | −$8.9k | −$4.63 |
| NOI | $26.8k | $13.90 |
Alternative Use Scenarios
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Savannah
- County
- Chatham
- State
- Georgia
- Longitude
- -81.1064775
- Latitude
- 32.0280541