First-Floor Office
For Sale
$249,000
9100 White Bluff Rd Unit 303, Savannah, GA 31406
First-floor brick office condo with a reception area, four private offices, restroom, kitchenette, and fenced common space.
Property Size1,073 SF
Price / SF$232.06
Days on Market83
Property Features for 9100 White Bluff Rd Unit 303
General Information
Standard status
Active
Size
1,073 SF
Amenities
Large Reception Area
4 Large Private Offices
Big Restroom
Kitchenette
Water Fountain
lots of storage
convenient rear door
Nice fenced Common Areas with Lake
Building Details
Year Built
2006
Listing Agency:
Seaport Real Estate Group
Listed By:
Ben J. Bluemle
Source:
Barefootbrokers
Added: Jun 16
Changed: Sep 3
Last Checked: Sep 5 at 10:54AM
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 Seaport Real Estate Group
Investment Insights
Based on property information with market context.
Stately brick first-floor office condo offering a large reception area, four private offices, a restroom, and a kitchenette. The unit includes a water fountain, lots of storage, and a convenient rear door for added day-to-day access.
The property is conveniently located off White Bluff Road near Montgomery Crossroads. Shared facilities include nice fenced common areas with a lake.
This move-in-ready office condo is presented as well maintained and offers a straightforward layout for professional office use.
The property is conveniently located off White Bluff Road near Montgomery Crossroads. Shared facilities include nice fenced common areas with a lake.
This move-in-ready office condo is presented as well maintained and offers a straightforward layout for professional office use.
Key Highlights
- First‑floor brick office condo built in 2006
- Includes a large reception area plus four large private offices
- Features a restroom, kitchenette, and water fountain
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
$14,918
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
5.99%
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%
$298,360
$298.4K
Cap Rate 7%
$213,114
$213.1K
Cap Rate 9%
$165,756
$165.8K
Market Conditions
NOI Build-Up for 1,073 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
$23.8K $22.20/SF
− Vacancy
−$3.9K −$3.66/SF
EGI
$19.9K $18.54/SF
− OpEx
−$5.0K −$4.63/SF
NOI
$14.9K $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%
$298,360
Cap Rate 7%
$213,114
Cap Rate 9%
$165,756
Alternative Uses
Best Use
Office B
$213.1K
$186.5K – $248.6K
NOI $14,918 @ 7.0% cap · market cap 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.00M
$877.4K – $1.17M
NOI $70,195 @ 7.0% cap · market cap 28.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,496
Businesses Nearby
Explore this area
Business Placement
Demographics for 31406, GA
34,579
Population
15,424
Households
2.2
Avg Household Size
39
Median Age
37%
College-Educated
93%
High-School Grad
26.2 sq mi
ZIP Area
1,320
Density / Sq Mi
$66,084
Median Household Income
$41,512
Median Earnings
$1,340
Median Rent
$260,800
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?
Office units - First-floor brick office condo with a reception area, four private offices, restroom, kitchenette, and fenced common space.
Where is this office units located?
The property is located at 9100 White Bluff Rd Unit 303 Savannah, GA.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: First‑floor brick office condo built in 2006; Includes a large reception area plus four large private offices; Features a restroom, kitchenette, and water fountain
