Free-Standing Office
114 Oglethorpe Professional Ct Savannah, GA 31406
114 Oglethorpe Professional Ct, Savannah, GA, 31406
$279,000
For Sale
$279,000
Two separate office units with private entrances, including open space and private offices.
Property Size1,456 SF
Price / SF$191.62
Days on Market407
Property Features for 114 Oglethorpe Professional Ct
General Information
- Standard status
- Active
- Size
- 1,456 SF
Listing agency
Scott Realty Professionals
(912) 656-0266
Listed by
Latasha M. Hall · License #277942
(912) 656-0266
Source
Exprealty
Added: Jun 11, 2025 Updated: Jul 21 at 3:26PM Checked: Jul 21 at 3:26PM
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 Scott Realty Professionals
Investment Insights
Based on property information with market context.
This free-standing commercial building offers two separate spaces with private entrances. Unit A includes open space currently used as a church and features a half bathroom. Unit B has open space with three private offices and is described as recently rented with a three-year lease.
The property is located in Midtown Savannah near Oglethorpe Mall. It is presented for sale as a combination of an owner-occupied business space and an income-producing unit.
The building’s configuration supports flexible use across the two units, with shared ownership of the overall facility while maintaining separate access for each suite.
The property is located in Midtown Savannah near Oglethorpe Mall. It is presented for sale as a combination of an owner-occupied business space and an income-producing unit.
The building’s configuration supports flexible use across the two units, with shared ownership of the overall facility while maintaining separate access for each suite.
Key Highlights
- Free‑standing commercial building in Midtown Savannah near Oglethorpe Mall
- 2 separate spaces with private entrances (Unit‑A and Unit‑B)
- Unit‑A includes open space currently used as a church and a half bathroom
Local Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.3k | $22.20 |
| − Vacancy | −$5.3k | −$3.66 |
| EGI | $27.0k | $18.54 |
| − OpEx | −$6.7k | −$4.63 |
| NOI | $20.2k | $13.90 |
1,456 SF · lease $22.20/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$289.2K
$253.0K – $337.4K
NOI $20,242 @ 7.0% cap · market cap 7.26%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.36M
$1.19M – $1.59M
NOI $95,251 @ 7.0% cap · market cap 34.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Two separate office units with private entrances, including open space and private offices.
Where is this office units located?
The property is located at 114 Oglethorpe Professional Ct Savannah, GA.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Free‑standing commercial building in Midtown Savannah near Oglethorpe Mall; 2 separate spaces with private entrances (Unit‑A and Unit‑B); Unit‑A includes open space currently used as a church and a half bathroom
