Listing Agency: Keller Williams Coastal Area P k***@kw.com Show Phone

Listed By: Kristin Brown · License #301485 Show Phone

Source: Exprealty

Added: Aug 13 Changed: Oct 13 Last Checked: Oct 15 at 3:32AM

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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.

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 / Yr

$18,769

Cap Rate

6.49%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$375,380 $375.4K

Cap Rate 7%

$268,129 $268.1K

Cap Rate 9%

$208,544 $208.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,350 SF

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 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 (±1% cap)

NOI $18,769 @ 7.0% cap · market cap 6.49%

Second Best

Healthcare Medical

$245.0K

$214.4K – $285.9K (±1% cap)

NOI $17,153 @ 7.0% cap · market cap 5.94%

Theoretical Best

Warehouse

$1.26M

$1.10M – $1.47M (±1% cap)

NOI $88,316 @ 7.0% cap · market cap 30.56%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Plumbing Service Parking Lot & Garage Butcher Pet Grooming Service Locksmith (Bike/Boat/Book/etc) Store

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

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

13.1% 2019

9.9% 2020

8.7% 2021

8.4% 2022

4.3% 2023

4.9% 2024

3.1% 2025

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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