Two-Office Professional
For Sale
$155,000
355 Commerce #C, Savannah, GA 31406
Renovated first-floor space includes a kitchenette and private restroom.
Property Size616 SF
Price / SF$251.62
Days on Market101
Property Features for 355 Commerce #C
General Information
Standard status
Active
Size
616 SF
Property subtype
Commercial
Space & Availability
Floor
1
Condition
Move-in Ready
Additional Details
Property Use
Office
Amenities
private offices
receptionist area
kitchenette with wet bar
private restroom
Central air
Central Air Cooling
Electric Heating
Heating Heating
Vinyl Flooring
Building Details
Year Built
1982
Listing Agency:
SCOTT REALTY PROFESSIONALS
Listed By:
SABRIYA SCOTT · License #269094
(843) 705-8474
Source:
Corcoran
Added: Jul 25
Changed: Nov 1
Last Checked: Nov 1 at 5:23AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 616-square-foot office suite at 355 Commerce #C has two private offices, a reception area that can also accommodate work space, a kitchenette with wet bar, and a private restroom. The suite is on the first floor and has been recently renovated. The building dates to 1982.
Key Highlights
- 616‑square‑foot office suite
- Two private offices and reception area with potential for additional work space
- Kitchenette with wet bar and private restroom
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
Current Use
Location Intelligence
Trade Area within ½ mile
187
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
Market
Vacancy Rate% for Office in Savannah, GA
Frequently Asked Questions
What type of property is this?
Office unit - Renovated first-floor space includes a kitchenette and private restroom.
Where is this office unit located?
The property is located at 355 Commerce #C 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‑foot office suite; Two private offices and reception area with potential for additional work space; Kitchenette with wet bar and private restroom
