First-Floor Office Condominium
7505 Waters Ave Unit F3 Savannah, GA 31406
For Sale
$164,999
First-floor office condo suite with reception, two private offices, half bath, and dedicated HVAC and water heater.
Property Size831 SF
Price / SF$198.55
Days on Market24
Property Features for 7505 Waters Ave Unit F3
General Information
- Standard status
- Active
- Size
- 831 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1985
Listing Agency:
Realty One Group Inclusion
(912) 713-3956
Listed By:
Susan Ross · License #410013
Source:
Searchgreateraugustahomes
Added: Jul 1
Changed: Jul 22
Last Checked: Jul 23 at 4:43AM
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 Realty One Group Inclusion
Investment Insights
Based on property information with market context.
This first-floor office condominium suite includes a reception area that opens to a second office area, along with two private offices and a dedicated half bath. The unit also has its own HVAC system and water heater.
The suite is located within the Park South Office Complex and includes ample parking just outside the entrance. Monthly HOA dues of $170 cover landscaping, exterior building maintenance, parking lot maintenance, and the roof.
The configuration is suited to professional office use, with interior space arranged to support a reception flow into additional office rooms.
The suite is located within the Park South Office Complex and includes ample parking just outside the entrance. Monthly HOA dues of $170 cover landscaping, exterior building maintenance, parking lot maintenance, and the roof.
The configuration is suited to professional office use, with interior space arranged to support a reception flow into additional office rooms.
Key Highlights
- First‑floor office condominium in the Park South Office Complex, built in 1985
- Reception area opens to a second office area plus 2 private offices
- Includes a dedicated half bath and dedicated HVAC system plus water heater
Financial Insights For Office B
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 | $18.4k | $22.20 |
| − Vacancy | −$3.0k | −$3.66 |
| EGI | $15.4k | $18.54 |
| − OpEx | −$3.9k | −$4.63 |
| NOI | $11.6k | $13.90 |
831 SF · lease $22.20/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$165.0K
$144.4K – $192.6K
NOI $11,553 @ 7.0% cap · market cap 7.00%
Second Best
Healthcare Medical
$150.8K
$132.0K – $176.0K
NOI $10,559 @ 7.0% cap · market cap 6.40%
Theoretical Best
Warehouse
$776.6K
$679.6K – $906.1K
NOI $54,364 @ 7.0% cap · market cap 32.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Suntrust Mortgage
Loan Service
Carson and Company, Inc.
Construction Company
Alpha Financial Management
Financial Advisor
Arch Tech
Computer & Electronic Repair
Fay Robert J ...
Physician
FAQs
What type of property is this?
Office units - First-floor office condo suite with reception, two private offices, half bath, and dedicated HVAC and water heater.
Where is this office units located?
The property is located at 7505 Waters Ave Unit F3 Savannah, GA.
What is the asking price?
The asking price for this property is $164,999.
What are key features of this property?
This property features: First‑floor office condominium in the Park South Office Complex, built in 1985; Reception area opens to a second office area plus 2 private offices; Includes a dedicated half bath and dedicated HVAC system plus water heater
