Freestanding Medical Office
For Sale
$535,000
11706 Mercy Boulevard, Savannah, GA 31419
Freestanding medical office building with existing medical/dental amenities, previously operating as a dental office.
Property Size1,730 SF
Price / SF$309.25
Days on Market137
Property Features for 11706 Mercy Boulevard
General Information
Standard status
Active
Size
1,730 SF
Building Details
Year Built
1979
Listing Agency:
Parker Scott Properties
Listed By:
John Blair Southerland · License #403553
(912) 844-8333
Source:
Barefootbrokers
Added: Apr 24
Changed: Sep 5
Last Checked: Sep 6 at 11:19AM
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 Parker Scott Properties
Investment Insights
Based on property information with market context.
Freestanding medical office building formerly serving as a dental office. Medical/dental amenities are already in place, supporting office use without requiring a full amenity retrofit.
The property is located in a desirable area across from St. Joseph's Hospital.
For sale as an owner-occupied or investment opportunity, the space is well-suited for medical or related professional office use given its prior medical/dental configuration.
The property is located in a desirable area across from St. Joseph's Hospital.
For sale as an owner-occupied or investment opportunity, the space is well-suited for medical or related professional office use given its prior medical/dental configuration.
Key Highlights
- Freestanding medical office building previously operating as a dental office
- Medical/dental amenities are already in place
- Zoned OI‑E
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
$24,052
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
4.50%
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%
$481,040
$481.0K
Cap Rate 7%
$343,600
$343.6K
Cap Rate 9%
$267,244
$267.2K
Market Conditions
NOI Build-Up for 1,730 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
$38.4K $22.20/SF
− Vacancy
−$6.3K −$3.66/SF
EGI
$32.1K $18.54/SF
− OpEx
−$8.0K −$4.63/SF
NOI
$24.1K $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%
$481,040
Cap Rate 7%
$343,600
Cap Rate 9%
$267,244
Alternative Uses
Best Use
Office B
$343.6K
$300.7K – $400.9K
NOI $24,052 @ 7.0% cap · market cap 4.50%
Second Best
Healthcare Medical
$314.0K
$274.8K – $366.4K
NOI $21,982 @ 7.0% cap · market cap 4.11%
Theoretical Best
Warehouse
$1.62M
$1.41M – $1.89M
NOI $113,176 @ 7.0% cap · market cap 21.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
733
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Urgent Pet Care of Savannah — 11102 Abercorn St Ste. A, Savannah, GA 31419
- Abercorn Animal Care — 11550 Abercorn St, Savannah, GA 31419
- Banfield Pet Hospital — 11132 Abercorn St, Savannah, GA 31419
- Brigdon Animal Hospital — 11911 Middleground Rd, Savannah, GA 31419
Frequently Asked Questions
What type of property is this?
Medical Office Space - Freestanding medical office building with existing medical/dental amenities, previously operating as a dental office.
Where is this medical office space located?
The property is located at 11706 Mercy Boulevard Savannah, GA.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Freestanding medical office building previously operating as a dental office; Medical/dental amenities are already in place; Zoned OI‑E
