Renovated First-Floor Office
For Sale
$155,000
355 Commerce Place, Savannah, GA 31406
Commercial Sale, Savannah, GA
Property Size616 SF
Lot Size0.01 Acres
Price / SF$251.62
Days on Market82
Property Features for 355 Commerce Place
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
City Lot
Directions
Head south on Abercorn St.Turn left onto Eisenhower Dr.Turn right onto Commercial Drive.Look for the Commerce Place office park on the left.
Standard status
Active
APN
196941
Size
616 SF
Lot size
0.01 Acres
Taxes and HOA fees
Tax Year
2026
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric
Water source
Public
Building Details
Year built
1982
Building materials
Frame
Roof type
Composition
Listing Agency:
Scott Realty Professionals LLC
(912) 349-7766
Listed By:
Sabriya Scott · License #269094
(912) 844-0682
Added: Jul 23
Changed: Sep 13
Last Checked: Oct 12 at 10:06PM
MLS# 10814910
Copyright © 2026 Georgia Multiple Listing Service. 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 616-square-foot office unit occupies the first floor at 355 Commerce Place in Savannah. The recently renovated interior includes two private offices, a reception area that can function as additional workspace, a kitchenette with wet bar, and a private restroom. The layout supports dedicated offices alongside shared work areas and is suited to administrative, consulting, real estate, financial, insurance, salon, or other professional uses identified for the property.
Constructed in 1982 with frame materials, the suite has electric heating with central heat and electric cooling. Public water and public sewer serve the property, and the roof is composition. Its first-floor position provides direct access to the office interior.
Constructed in 1982 with frame materials, the suite has electric heating with central heat and electric cooling. Public water and public sewer serve the property, and the roof is composition. Its first-floor position provides direct access to the office interior.
Key Highlights
- 616 square feet of first‑floor office space
- Recently renovated interior with two private offices
- Reception area can also serve as additional workspace
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
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Current Use
Lease Details
1
Office units
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
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Market
Vacancy Rate% for Office in Savannah, GA
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Frequently Asked Questions
What type of property is this?
Office units - Flexible layout includes private offices, a reception/work area, kitchenette, 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: 616 square feet of first‑floor office space; Recently renovated interior with two private offices; Reception area can also serve as additional workspace
