Listing Agency: ERA Southeast Coastal l***@erasecteam.com Show Phone

Listed By: Steven Fischer · License #132691 Show Phone

Source: Exprealty

Added: May 26 Changed: Oct 21 Last Checked: Oct 20 at 10:48PM

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Investment Insights

Based on property information with market context.

This first-floor office condo suite is set in a stately brick exterior building and features a large reception area, four large private offices, and a big restroom. Additional improvements include a kitchenette, a water fountain, and lots of storage. The unit also has convenient rear door access and includes access to nice fenced common areas with a lake.

Located off White Bluff Road near Montgomery Crossroads in Savannah, the property offers straightforward access for business use. The fenced common area setting with lake views provides an attractive shared environment.

Inside, the layout supports multiple private offices alongside a reception area, with restroom, kitchenette, and storage included within the suite.

Key Highlights

• First‑floor office condo off White Bluff Rd near Montgomery Crossroads
• Large reception area plus four large private offices
• Large restroom with kitchenette

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,918

Cap Rate

6.63%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$298,360 $298.4K

Cap Rate 7%

$213,114 $213.1K

Cap Rate 9%

$165,756 $165.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,073 SF

Gross rent

$23.8K $22.20/SF

− Vacancy

−$3.9K −$3.66/SF

EGI

$19.9K $18.54/SF

− OpEx

−$5.0K −$4.63/SF

NOI

$14.9K $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%

$298,360

Cap Rate 7%

$213,114

Cap Rate 9%

$165,756

Alternative Uses

Best Use

Office B

$213.1K

$186.5K – $248.6K (±1% cap)

NOI $14,918 @ 7.0% cap · market cap 6.63%

Second Best

—

—

no second resolved use

Theoretical Best

Warehouse

$1.00M

$877.4K – $1.17M (±1% cap)

NOI $70,195 @ 7.0% cap · market cap 31.21%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Auto Repair Shop Electrical Service HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

51

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

13.1% 2019

9.9% 2020

8.7% 2021

8.4% 2022

4.3% 2023

4.9% 2024

3.1% 2025

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Frequently Asked Questions

What type of property is this?

Office unit - First-floor office condo with a reception area, four private offices, and a large restroom with kitchenette.

Where is this office unit located?

The property is located at 602-9100 White Bluff Road Savannah, GA.

What is the asking price?

The asking price for this property is $224,900.

What are key features of this property?

This property features: First‑floor office condo off White Bluff Rd near Montgomery Crossroads; Large reception area plus four large private offices; Large restroom with kitchenette