Class A Office
For Sale
Contact for pricing
200 Stephenson Avenue, Savannah, GA 31406
Two Class A office suites are available in a three-story building with a finished lobby and multiple elevators.
Property Size38,382 SF
Lot Size1.89 Acres
Days on Market121
Property Features for 200 Stephenson Avenue
General Information
Standard status
Active
Size
38,382 SF
Class
A
Lot size
1.89 Acres
Property subtype
Office
Lease Term
Gross
Additional Details
Road Access
Yes
Clear Height
12 ft
Amenities
lobby
common restrooms
elevators
on-site parking
Building Details
Building Size
38,382 SF
Year Built
2009
Stories
3
Tenancy
Multi
Properties For Sale
at 200 Stephenson Avenue
Suite 302
Size
2,697 SF
Type
Office Building
Term
Negotiable
Listing Agency:
SVN GASC | Hilton Head Island
Listed By:
Adam Bryant, CCIM, SIOR · License #GA #279255
(912) 667-2740
Source:
Svnsavhh
Added: Jun 25
Changed: Oct 19
Last Checked: Oct 20 at 5:18PM
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 SVN GASC | Hilton Head Island
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Investment Insights
Based on property information with market context.
The property offers two available office suites within a three-story Class A office building featuring a cast and glass exterior and a well-finished lobby with common restrooms. Multiple elevators serve the upper floors, and both suites feature flexible, open floor plans with approximately 10' to 12' ceilings.
The building is located at the signalized intersection of Stephenson Avenue and Habersham Street, providing dual access. On-site parking is available and the property is described as having prominent visibility and exposure, with amenities nearby including restaurants and shopping.
Current co-tenants include Wells Fargo Advisors, Morgan & Morgan, New American Funding, and Georgia Heritage Credit Union.
The building is located at the signalized intersection of Stephenson Avenue and Habersham Street, providing dual access. On-site parking is available and the property is described as having prominent visibility and exposure, with amenities nearby including restaurants and shopping.
Current co-tenants include Wells Fargo Advisors, Morgan & Morgan, New American Funding, and Georgia Heritage Credit Union.
Key Highlights
- 200 Stephenson offers two Class A office suites for lease: ±1,972 SF and ±2,697 SF
- Three‑story Class A office building totals ±138,382 SF, built in 2009, with a finished lobby
- Lobby includes common restrooms and multiple elevators for tenant convenience
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$533,615
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,672,300
$10.7M
Cap Rate 7%
$7,623,071
$7.6M
Cap Rate 9%
$5,929,056
$5.9M
Market Conditions
NOI Build-Up for 38,382 SF
Gross rent
$852.1K $22.20/SF
− Vacancy
−$140.6K −$3.66/SF
EGI
$711.5K $18.54/SF
− OpEx
−$177.9K −$4.63/SF
NOI
$533.6K $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%
$10,672,300
Cap Rate 7%
$7,623,071
Cap Rate 9%
$5,929,056
Alternative Uses
Best Use
Office B
$7.62M
$6.67M – $8.89M
NOI $533,615 @ 7.0% cap · market cap 1,524,614.29%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$35.87M
$31.39M – $41.85M
NOI $2,510,933 @ 7.0% cap · market cap 7,174,094.29%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
12 ft
Clear height
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,194
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Savannah, GA
Frequently Asked Questions
What type of property is this?
Office unit - Two Class A office suites are available in a three-story building with a finished lobby and multiple elevators.
Where is this office unit located?
The property is located at 200 Stephenson Avenue Savannah, GA.
What are key features of this property?
This property features: 200 Stephenson offers two Class A office suites for lease: ±1,972 SF and ±2,697 SF; Three‑story Class A office building totals ±138,382 SF, built in 2009, with a finished lobby; Lobby includes common restrooms and multiple elevators for tenant convenience
