Medical Office Suite with Private
New
For Sale
$289,000
37 W Fairmont Ave Unit 201, Savannah, GA 31406
Professional suite with reception, private rooms, kitchenette, and convenient access to established commercial amenities.
Property Size1,350 SF
Price / SF$214.07
Days on Market3
Property Features for 37 W Fairmont Ave Unit 201
General Information
Standard status
Active
Size
1,350 SF
Building Details
Year Built
2001
Listing Agency:
Keller Williams Coastal Area P
Listed By:
Kristin Brown · License #301485
(912) 844-2579
Source:
Southeastgahomesearch
Added: Sep 9
Changed: Sep 10
Last Checked: Sep 10 at 3:13PM
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 Keller Williams Coastal Area P
Investment Insights
Based on property information with market context.
The 1,350-square-foot medical office suite, constructed in 2001, is arranged for professional patient-facing operations. Entry is through a shared foyer leading to a waiting area with a reception window. The layout also provides a separate receptionist office, three private offices, a half bath, and a kitchenette with a sink and dishwasher.
Positioned in central Savannah near major roadways, shopping, dining, and established commercial corridors, the property combines a practical office configuration with access to surrounding services. The suite is suited to an owner-user or business requiring dedicated offices and an organized reception area.
Positioned in central Savannah near major roadways, shopping, dining, and established commercial corridors, the property combines a practical office configuration with access to surrounding services. The suite is suited to an owner-user or business requiring dedicated offices and an organized reception area.
Key Highlights
- 1,350 SF medical office suite built in 2001
- Three private offices plus a dedicated receptionist office
- Shared foyer, waiting area, and reception window
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,769
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$375,380
$375.4K
Cap Rate 7%
$268,129
$268.1K
Cap Rate 9%
$208,544
$208.5K
Market Conditions
NOI Build-Up for 1,350 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $18,769 @ 7.0% cap · market cap 6.49%
Second Best
Healthcare Medical
$245.0K
$214.4K – $285.9K
NOI $17,153 @ 7.0% cap · market cap 5.94%
Theoretical Best
Warehouse
$1.26M
$1.10M – $1.47M
NOI $88,316 @ 7.0% cap · market cap 30.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,515
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
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?
Medical Office Space - Professional suite with reception, private rooms, kitchenette, and convenient access to established commercial amenities.
Where is this medical office space located?
The property is located at 37 W Fairmont Ave Unit 201 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 SF medical office suite built in 2001; Three private offices plus a dedicated receptionist office; Shared foyer, waiting area, and reception window
