Medical Office Suite with
For Sale
$289,000
201-37 W Fairmont Ave, Savannah, GA 31406
Configured for patient-facing operations with private offices, waiting space, and support areas.
Property Size1,350 SF
Price / SF$214.07
Days on Market19
Property Features for 201-37 W Fairmont Ave
General Information
Standard status
Active
Size
1,350 SF
Listing Agency:
Keller Williams Coastal Area P
(912) 844-2579
Listed By:
Kristin Brown · License #301485
(912) 844-2579
Source:
Exprealty
Added: Aug 13
Changed: Aug 30
Last Checked: Aug 30 at 8:02PM
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 Keller Williams Coastal Area P
Investment Insights
Based on property information with market context.
This 1,350-square-foot medical office suite provides a practical arrangement for an established practice or other professional operation. Access begins through a common foyer and leads to a waiting area with a receptionist window. The suite also includes a separate reception office, three private offices, a half bath, and a kitchenette with a sink and dishwasher.
The property is located at 201-37 W Fairmont Ave in Savannah, Georgia, near major roadways, shopping, dining, and established commercial corridors. Its central setting and organized interior support a professional workplace with defined visitor, administrative, and private office areas.
The property is located at 201-37 W Fairmont Ave in Savannah, Georgia, near major roadways, shopping, dining, and established commercial corridors. Its central setting and organized interior support a professional workplace with defined visitor, administrative, and private office areas.
Key Highlights
- 1,350‑square‑foot medical office suite
- Waiting area with receptionist window
- Three private offices plus a dedicated reception office
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
$18,769
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
6.49%
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%
$375,380
$375.4K
Cap Rate 7%
$268,129
$268.1K
Cap Rate 9%
$208,544
$208.5K
Market Conditions
NOI Build-Up for 1,350 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
$30.0K $22.20/SF
− Vacancy
−$4.9K −$3.66/SF
EGI
$25.0K $18.54/SF
− OpEx
−$6.3K −$4.63/SF
NOI
$18.8K $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%
$375,380
Cap Rate 7%
$268,129
Cap Rate 9%
$208,544
Alternative Uses
Best Use
Office B
$268.1K
$234.6K – $312.8K
NOI $18,769 @ 7.0% cap · market cap 6.49%
Second Best
Healthcare Medical
$245.0K
$214.4K – $285.9K
NOI $17,153 @ 7.0% cap · market cap 5.94%
Theoretical Best
Warehouse
$1.26M
$1.10M – $1.47M
NOI $88,316 @ 7.0% cap · market cap 30.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,995
Businesses Nearby
Balanced
Demand for This Use
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?
Medical Office Space - Configured for patient-facing operations with private offices, waiting space, and support areas.
Where is this medical office space located?
The property is located at 201-37 W Fairmont Ave Savannah, GA.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: 1,350‑square‑foot medical office suite; Waiting area with receptionist window; Three private offices plus a dedicated reception office
