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    112 E Derenne Ave, Savannah, GA 31405

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    Highly visible property suitable for office, studio, or institutional use.

    Type:Office, Retail
    Property size:
    1,925 SF
    Price / SF:
    $241/SF
    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

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    Listing Contact
    Shane Litts

    Listing agent Shane Litts License #375076

    Listing office Engel & Volkers Savannah

    Listing date Feb 12, 2026

    Source Crexi

    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 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

    Located along East Derenne Avenue, between Habersham Street and the signalized intersection of Abercorn Street, this property offers flexibility for an owner-user seeking a professional office, studio, or institutional presence in Savannah. The building has 1,925 square feet and is currently arranged as a three-bedroom, one-and-a-half-bath home, adaptable for business layouts. A new architectural shingle roof was recently installed. Each bedroom can function as a private office, while the living and dining rooms provide space for a reception area or conference room. The property features two separate front entrances, allowing for distinct client and employee access or dual operations. A large attached work area offers flexible space for storage, production, or expansion of office functions. Two additional accessory buildings include an 11’ x 23’ workshop with electric, heating, and cooling, and an 11’ x 23’ metal shed with electric that can be modified to be heated and cooled. The property is zoned O-I (Office and Institutional), accommodating a range of permitted uses such as general or medical office, art or photo studio, professional services, and limited retail or restaurant. The adjacent corner lot to the east, a 0.38-acre parcel fronting Habersham Street, is also available through another broker. The western adjacent property is also available through another broker. Combined, the three parcels create a 0.96-acre corner assemblage, ideal for commercial redevelopment, or the adjacent lots could serve as dedicated parking or expansion space.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $297.4K
    NOI $26,763 @ 9.00% cap · cautious / downside scenario
    Moderate
    $382.3K
    NOI $26,763 @ 7.00% cap · market / base-case scenario
    Aggressive
    $535.3K
    NOI $26,763 @ 5.00% cap · optimistic / upside scenario

    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
    1,925 SF · lease $22.20/SF/yr · vacancy 16.50% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $382.3K
    $334.5K – $446.1K (±1% cap)
    NOI $26,763 @ 7.0% cap · market cap 5.76%
    Second Best
    Retail
    $312.2K
    $273.2K – $364.2K (±1% cap)
    NOI $21,852 @ 7.0% cap · market cap 4.70%
    Theoretical Best
    Warehouse
    $1.80M
    $1.57M – $2.10M (±1% cap)
    NOI $125,933 @ 7.0% cap · market cap 27.08%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ASAP Window Tinting Interior Design

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.1064775
    Latitude
    32.0280541

    FAQs

    What type of property is this?
    Office units - Highly visible property suitable for office, studio, or institutional use.
    Where is this office units located?
    The property is located at 112 E Derenne Ave Savannah, GA.
    What is the asking price?
    The asking price for this property is $465,000.
    What are key features of this property?
    This property features: 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.
    More about this property
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