Commercial Land with Dual Curb
For Sale
$956,000
6725 Waters Avenue, Savannah, GA 31406
Level commercial parcel with separate entry and exit points along a four-lane roadway.
Property Size3,429 SF
Days on Market171
Property Features for 6725 Waters Avenue
General Information
Standard status
Active
Size
3,429 SF
Total Parking Spaces
17
Property subtype
Commercial
Zoning
PBN, Commercial
Building Details
Building Size
3,429 SF
Year Built
1952
Stories
1
Listing Agency:
Rawls Realty
(912) 272-5271
Listed By:
Mary Mosher · License #333999
(912) 272-5271
Source:
Thomasrealtysold
Added: Feb 21
Changed: Aug 7
Last Checked: Aug 10 at 11:27AM
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 Rawls Realty
Investment Insights
Based on property information with market context.
This level commercial land parcel contains approximately 1.10 acres, extending 385 feet in depth with 125 feet of direct frontage on Waters Avenue. Two curb cuts provide distinct entry and exit points, supporting circulation across the site. The property is currently associated with Pink House Florist.
Waters Avenue has four lanes and a center turning lane, with traffic signals at both the north and south ends of the street. The roadway carries approximately 20,000 cars daily, based on a 2025 census. A shopping center is located across the street, with McDonald's, CVS, Subway, Dollar General, Planet Fitness, KFC, and other businesses nearby. The address is 6725 Waters Avenue in Savannah, Georgia.
Waters Avenue has four lanes and a center turning lane, with traffic signals at both the north and south ends of the street. The roadway carries approximately 20,000 cars daily, based on a 2025 census. A shopping center is located across the street, with McDonald's, CVS, Subway, Dollar General, Planet Fitness, KFC, and other businesses nearby. The address is 6725 Waters Avenue in Savannah, Georgia.
Key Highlights
- Approximately 1.10 acres of level commercial land
- 125 feet of direct road frontage on Waters Avenue
- 385 feet of site depth
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
$38,925
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
4.07%
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%
$778,500
$778.5K
Cap Rate 7%
$556,071
$556.1K
Cap Rate 9%
$432,500
$432.5K
Market Conditions
NOI Build-Up for 3,429 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
$59.7K $17.40/SF
− Vacancy
−$4.1K −$1.18/SF
EGI
$55.6K $16.22/SF
− OpEx
−$16.7K −$4.87/SF
NOI
$38.9K $11.35/SF
Area
Savannah, GA
Vacancy
6.80%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
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%
$778,500
Cap Rate 7%
$556,071
Cap Rate 9%
$432,500
Alternative Uses
Best Use
Retail
$556.1K
$486.6K – $648.8K
NOI $38,925 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.20M
$2.80M – $3.74M
NOI $224,324 @ 7.0% cap · market cap 23.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,453
Businesses Nearby
80k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Shops & Services 31%
Home Improvements & Furnishings 12%
Apparel 9%
McDonald's
Dining
27,737 visits/mo
0.1 miles
Southside Ace Hardware
Home Improvements & Furnishings
9,840 visits/mo
0.4 miles
Wells Fargo
Shops & Services
9,294 visits/mo
0.4 miles
Dollar General
Shops & Services
7,281 visits/mo
0.3 miles
Once Upon A Child
Apparel
6,992 visits/mo
0.2 miles
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Level commercial parcel with separate entry and exit points along a four-lane roadway.
Where is this commercial land located?
The property is located at 6725 Waters Avenue Savannah, GA.
What is the asking price?
The asking price for this property is $956,000.
What are key features of this property?
This property features: Approximately 1.10 acres of level commercial land; 125 feet of direct road frontage on Waters Avenue; 385 feet of site depth
