Second-Floor Office
7505 Waters #B 8, Savannah, GA 31406
For Sale
$139,900
An 1985-built office unit occupies the second floor within Park South Office Park.
Property Size817 SF
Price / SF$171.24
Days on Market105
Property Features for 7505 Waters #B 8
General Information
Standard status
Size
Property subtype
Additional Details
Floor
Highway Access
Property Use
Amenities
Central air
Central Air Cooling
Electric Heating
Heat Pump Cooling
Heat Pump Heating
Heating Heating
Building Details
Year Built
Listing Agency:
VELORE BROWN REAL ESTATE, LLC
Listed By:
VELORE BROWN · License #368917
(912) 323-0027
Source:
Corcoran
Added: Jul 28
Changed: Nov 8
Last Checked: Nov 8 at 5:48AM
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 VELORE BROWN REAL ESTATE, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 817-square-foot office condo is located on the second floor of Park South Office Park. The building dates to 1985.
The office park is accessible from major highways and is surrounded by professional services, retail shops, and dining options.
The office park is accessible from major highways and is surrounded by professional services, retail shops, and dining options.
Key Highlights
- 817‑square‑foot office condo
- Second‑floor unit in Park South Office Park
- Built in 1985
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,359
Cap Rate
8.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$227,180
$227.2K
Cap Rate 7%
$162,271
$162.3K
Cap Rate 9%
$126,211
$126.2K
Market Conditions
NOI Build-Up for 817 SF
Gross rent
$18.1K $22.20/SF
− Vacancy
−$3.0K −$3.66/SF
EGI
$15.1K $18.54/SF
− OpEx
−$3.8K −$4.63/SF
NOI
$11.4K $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%
$227,180
Cap Rate 7%
$162,271
Cap Rate 9%
$126,211
Alternative Uses
Best Use
Office B
$162.3K
$142.0K – $189.3K
NOI $11,359 @ 7.0% cap · market cap 8.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$220.6K
$193.0K – $257.4K
NOI $15,441 @ 7.0% cap · market cap 11.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,340
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
$260,800
Median Home Value
Market
Average Price Trend$/SF for Office Units in Savannah, GA
Properties on Market for Office Units in Savannah
Vacancy Rate% for Office in Savannah, GA
Frequently Asked Questions
What type of property is this?
Office unit - An 1985-built office unit occupies the second floor within Park South Office Park.
Where is this office unit located?
The property is located at 7505 Waters #B 8 Savannah, GA.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: 817‑square‑foot office condo; Second‑floor unit in Park South Office Park; Built in 1985
