Building Details

Year Built 1979

Listing Agency: Parker Scott Properties

Listed By: John Blair Southerland · License #403553 Show Phone

Source: Barefootbrokers

Added: Apr 24 Changed: Oct 2 Last Checked: Oct 7 at 1:04PM

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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.

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 / Yr

$24,052

Cap Rate

4.50%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $24,052 @ 7.0% cap · market cap 4.50%

Second Best

Healthcare Medical

$314.0K

$274.8K – $366.4K (±1% cap)

NOI $21,982 @ 7.0% cap · market cap 4.11%

Theoretical Best

Warehouse

$1.62M

$1.41M – $1.89M (±1% cap)

NOI $113,176 @ 7.0% cap · market cap 21.15%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Christin Runkel Physician Wixon Christopher MD Physician Walls Christopher MD Physician Nelson Kirstin MD Physician Christen Standiford Physician

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Building Supply HVAC Service Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

13.1% 2019

9.9% 2020

8.7% 2021

8.4% 2022

4.3% 2023

4.9% 2024

3.1% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this medical office space located? What is the asking price? Find similar properties What are key features of this property?

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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