Move-In Ready First-Floor Office
For Sale
$155,000
355 Commerce Pl, Savannah, GA 31406
First-floor office suite with two private offices, reception/work area, and a coffee station with wet bar.
Property Size616 SF
Price / SF$251.62
Days on Market78
Property Features for 355 Commerce Pl
General Information
Standard status
Active
Size
616 SF
Additional Details
Floor
1
Building Details
Year Built
1982
Listing Agency:
Scott Realty Professionals LLC
Listed By:
Sabriya Scott · License #269094
(912) 844-0682
Source:
Patrickrealestate
Added: Jul 28
Changed: Sep 11
Last Checked: Oct 7 at 12:57PM
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 Scott Realty Professionals LLC
Investment Insights
Based on property information with market context.
This move-in-ready, first-floor office suite has been freshly renovated and is designed to support a professional, client-facing workplace. The layout includes two spacious private offices, a welcoming reception and work area near the entrance, and a coffee station with a wet bar.
The suite features easy first-floor access, offering a practical setup for day-to-day operations and client visits. Additional space is described as a private restroom.
Suitable for a range of professional uses, the office provides a flexible configuration for administrative, consulting, real estate, financial, and other professional business activities, with the reception area positioned to greet employees and visitors.
The suite features easy first-floor access, offering a practical setup for day-to-day operations and client visits. Additional space is described as a private restroom.
Suitable for a range of professional uses, the office provides a flexible configuration for administrative, consulting, real estate, financial, and other professional business activities, with the reception area positioned to greet employees and visitors.
Key Highlights
- First‑floor office suite with easy first‑floor access and a reception/work area at the entrance
- Includes two private offices plus a flexible office layout
- Coffee station with a wet bar for tenant convenience
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,564
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$171,280
$171.3K
Cap Rate 7%
$122,343
$122.3K
Cap Rate 9%
$95,156
$95.2K
Market Conditions
NOI Build-Up for 616 SF
Gross rent
$13.7K $22.20/SF
− Vacancy
−$2.3K −$3.66/SF
EGI
$11.4K $18.54/SF
− OpEx
−$2.9K −$4.63/SF
NOI
$8.6K $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%
$171,280
Cap Rate 7%
$122,343
Cap Rate 9%
$95,156
Alternative Uses
Best Use
Office B
$122.3K
$107.1K – $142.7K
NOI $8,564 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$575.7K
$503.7K – $671.6K
NOI $40,298 @ 7.0% cap · market cap 26.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,066
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Savannah, GA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - First-floor office suite with two private offices, reception/work area, and a coffee station with wet bar.
Where is this office units located?
The property is located at 355 Commerce Pl Savannah, GA.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: First‑floor office suite with easy first‑floor access and a reception/work area at the entrance; Includes two private offices plus a flexible office layout; Coffee station with a wet bar for tenant convenience
