First-Floor Office
355 Commerce Place Savannah, GA 31406
New
For Sale
$155,000
SINGLE_FAMILY - Savannah, GA
Property Size616 SF
Lot Size0.01 Acres
Price / SF$251.62
Days on Market4
Property Features for 355 Commerce Place
General Information
Property type
Residential
Property subtype
Office
Zoning
PUDB
Appliances
Electric Water Heater
Standard status
Active
APN
2053412036
Size
616 SF
Lot size
0.01 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
UNIT C BLDG 355 COMMERCE PL COND O
Tax Annual Amount
949
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1982
Floors in Building
1
Flooring type
Vinyl
Building materials
Frame
Roof type
Asphalt
Listing Agency:
Scott Realty Professionals
(912) 349-7766
Listed By:
Sabriya Scott · License #269094
(912) 844-0682
Added: Jul 24
Changed: Jul 27
Last Checked: Jul 27 at 10:06PM
MLS# SA360851
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This recently renovated, move-in-ready first-floor office suite is designed for straightforward, professional operations. The layout includes two spacious private offices, a welcoming reception area that can also function as additional workspace, a kitchenette featuring a wet bar, and a private restroom.
The suite offers easy first-floor access and a flexible floor plan suited to a range of professional office needs. The property is listed for sale under zoning PUDB.
As configured, the suite provides a practical mix of private rooms and common area space within a compact footprint, making it well-suited for businesses that want both dedicated offices and a reception/work area in the same suite.
The suite offers easy first-floor access and a flexible floor plan suited to a range of professional office needs. The property is listed for sale under zoning PUDB.
As configured, the suite provides a practical mix of private rooms and common area space within a compact footprint, making it well-suited for businesses that want both dedicated offices and a reception/work area in the same suite.
Key Highlights
- Move‑in‑ready first‑floor office suite with easy first‑floor access and a flexible floor plan
- Recently renovated interior with two private offices, a receptionist area, and a kitchenette with wet bar
- Includes a private restroom and a setup that can support one office plus additional leased space
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $13.7k | $22.20 |
| − Vacancy | −$2.3k | −$3.66 |
| EGI | $11.4k | $18.54 |
| − OpEx | −$2.9k | −$4.63 |
| NOI | $8.6k | $13.90 |
616 SF · lease $22.20/SF/yr · vacancy 16.50% · expense 25.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Move-in-ready first-floor suite with two private offices, reception area, kitchenette with wet bar, and private restroom.
Where is this office units located?
The property is located at 355 Commerce Place 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: Move‑in‑ready first‑floor office suite with easy first‑floor access and a flexible floor plan; Recently renovated interior with two private offices, a receptionist area, and a kitchenette with wet bar; Includes a private restroom and a setup that can support one office plus additional leased space
