5204 Waters Avenue, Savannah, GA 31404
- Added:
- May 8, 2026
- Days on Market:
- 47
- Last Refresh:
- Jun 23 at 3:06 am
Property Features for 5204 Waters Avenue
General Information
- Property type
- Residential
- Property subtype
- Retail
- Zoning
- BN
- Parking
- 10
- Appliances
- Electric Water Heater
- Standard status
- Pending
- APN
- 2011405015
- Size
- 5,266 SF
- Lot size
- 0.44 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOTS 70, 71, 72 AND 73 BEVILL WA RD SOUTH GARDENS
- Tax Annual Amount
- 4898
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1976
- Floors in Building
- 1
- Building materials
- Brick, Block
Listing agent Maranda L. Alford License #441350 (912) 856-7734
Listing office Frank Moore & Company, LLC 409 Montgomery Xrds, Ste 4A, Savannah, GA (912) 920-8560
Listing date May 8, 2026
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.
HighLights
- Prime commercial location in a high‑demand Savannah corridor, near Memorial Health University Medical Center.
- Two commercially zoned parcels totaling approximately 0.4361 acres, offering expansion or development potential.
- Strong road frontage and visibility (over 100ft) on Waters Avenue.
- Durable, low‑maintenance all‑brick exterior construction on all sides with a solid concrete rear exterior.
- Existing Lamar sign generates $400/month income with over 7 years remaining on the contract.
- Located in an area with steady traffic flow and continued growth, surrounded by established retail, medical, and residential areas.
Overview
Local Financial Insights For Retail
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 | $91.6k | $17.40 |
| − Vacancy | −$6.2k | −$1.18 |
| EGI | $85.4k | $16.22 |
| − OpEx | −$25.6k | −$4.87 |
| NOI | $59.8k | $11.35 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Savannah
- County
- Chatham
- State
- Georgia
- Longitude
- -81.092841
- Latitude
- 32.028407
