Medical Office Suite with Private
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 Market51
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: Oct 26
Last Checked: Oct 7 at 2:32PM
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
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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 / Yr
$18,769
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,515
Businesses Nearby
Balanced
Demand for This Use
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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
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Market
Vacancy Rate% for Office in Savannah, GA
Similar Off Market Nearby
- ST. John Veterinarian — 7312 Hodgson Memorial Dr, Savannah, GA 31406
- Vet Wellcare Vaccinations Clinic at Pet Supermarket — 7805 Abercorn St, Savannah, GA 31406
- Case Veterinary Hospital — 111 Eisenhower Dr, Savannah, GA 31406
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
