Renovated Medical Office with
For Sale
Contact for pricing
11550 Abercorn Street, Savannah, GA 31419
Adaptable professional layout with finished administrative space, private parking, and an ADA-accessible entrance.
Property Size2,034 SF
Price / SF$381.02
Days on Market63
Property Features for 11550 Abercorn Street
General Information
Standard status
Active
Size
2,034 SF
Total Parking Spaces
15
Property subtype
Office, Special Purpose
Zoning
Neighborhood Business
Additional Details
Road Access
Yes
Amenities
large foyer
waiting room
six private offices/exam rooms
two restrooms (one ADA-compliant)
kitchen
laundry
ample storage
finished attic/loft area
fenced brick courtyard with two fountains
Building Details
Units
1
Tenancy
Single
Listing Agency:
DAI Commercial Realty
(912) 944-4410
Listed By:
Katie Chancy · License #GA 351571
Source:
Crexi
Added: Jun 30
Changed: Aug 30
Last Checked: Aug 30 at 10:43PM
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 DAI Commercial Realty
Investment Insights
Based on property information with market context.
This renovated medical office property includes a welcoming foyer, dedicated waiting area, six private offices or exam rooms, and two restrooms, including one with ADA-compliant features. The layout also provides a kitchen, laundry area, storage, and a finished attic or loft suitable for administrative functions. Hardwood floors, custom cabinetry, and granite countertops add durable, polished finishes throughout the interior.
The property is positioned near St. Joseph's Hospital with access to Abercorn Street, Truman Parkway, and Veterans Parkway. Private parking accommodates about 15 vehicles, including handicap-accessible entry. A fenced brick courtyard with two fountains adds an outdoor amenity for patients, clients, or staff. Chatham County records reflect the main-floor area, while the finished attic or bonus space of approximately 400 square feet is not included in that total. Neighborhood Business zoning supports the property's professional setting.
The property is positioned near St. Joseph's Hospital with access to Abercorn Street, Truman Parkway, and Veterans Parkway. Private parking accommodates about 15 vehicles, including handicap-accessible entry. A fenced brick courtyard with two fountains adds an outdoor amenity for patients, clients, or staff. Chatham County records reflect the main-floor area, while the finished attic or bonus space of approximately 400 square feet is not included in that total. Neighborhood Business zoning supports the property's professional setting.
Key Highlights
- Renovated medical office with six private offices or exam rooms
- Main‑floor property size: 2034 square feet
- Finished attic or bonus area of +/- 400 square feet excluded from recorded total
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
$28,278
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
3.65%
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%
$565,560
$565.6K
Cap Rate 7%
$403,971
$404.0K
Cap Rate 9%
$314,200
$314.2K
Market Conditions
NOI Build-Up for 2,034 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
$45.2K $22.20/SF
− Vacancy
−$7.5K −$3.66/SF
EGI
$37.7K $18.54/SF
− OpEx
−$9.4K −$4.63/SF
NOI
$28.3K $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%
$565,560
Cap Rate 7%
$403,971
Cap Rate 9%
$314,200
Alternative Uses
Best Use
Office B
$404.0K
$353.5K – $471.3K
NOI $28,278 @ 7.0% cap · market cap 3.65%
Second Best
Healthcare Medical
$369.2K
$323.1K – $430.7K
NOI $25,844 @ 7.0% cap · market cap 3.33%
Theoretical Best
Warehouse
$1.90M
$1.66M – $2.22M
NOI $133,063 @ 7.0% cap · market cap 17.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
724
Businesses Nearby
Balanced
Demand for This Use
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?
Medical Office Space - Adaptable professional layout with finished administrative space, private parking, and an ADA-accessible entrance.
Where is this medical office space located?
The property is located at 11550 Abercorn Street Savannah, GA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Renovated medical office with six private offices or exam rooms; Main‑floor property size: 2034 square feet; Finished attic or bonus area of +/- 400 square feet excluded from recorded total
