Second-Floor Office
7505 Waters Ave Unit F4 Savannah, GA 31406
7505 Waters Ave Unit F4, Savannah, GA, 31406
$160,999
For Sale
$160,999
Second-floor office unit with reception/lobby, four private offices, half bath, and dedicated HVAC and water heater.
Property Size817 SF
Price / SF$197.06
Days on Market23
Property Features for 7505 Waters Ave Unit F4
General Information
- Standard status
- Active
- Size
- 817 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 Updated: Jul 22 at 2:06PM Checked: Jul 22 at 2:06PM
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.
Position your business in this office condominium located in the Park South Office Complex in Savannah. This second-floor unit includes a reception or lobby area, four private offices, and a dedicated half bath, with its own HVAC system and water heater.
Ample parking is located just outside the entrance, supporting convenient day-to-day access for employees and visitors. Monthly HOA dues of $170 cover landscaping, exterior building maintenance, parking lot maintenance, and the roof.
The floor plan is designed to support professional and service-oriented office use, and additional office units in the complex are available from the same seller for those looking to expand.
Ample parking is located just outside the entrance, supporting convenient day-to-day access for employees and visitors. Monthly HOA dues of $170 cover landscaping, exterior building maintenance, parking lot maintenance, and the roof.
The floor plan is designed to support professional and service-oriented office use, and additional office units in the complex are available from the same seller for those looking to expand.
Key Highlights
- Second‑floor office condominium in the Park South Office Complex (Savannah), built in 1985
- Reception/lobby area plus 4 private offices and a dedicated half bath
- Dedicated HVAC system and water heater for the unit
Local 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 | $18.1k | $22.20 |
| − Vacancy | −$3.0k | −$3.66 |
| EGI | $15.1k | $18.54 |
| − OpEx | −$3.8k | −$4.63 |
| NOI | $11.4k | $13.90 |
817 SF · lease $22.20/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$162.3K
$142.0K – $189.3K
NOI $11,359 @ 7.0% cap · market cap 7.06%
Second Best
Healthcare Medical
$148.3K
$129.8K – $173.0K
NOI $10,381 @ 7.0% cap · market cap 6.45%
Theoretical Best
Warehouse
$763.5K
$668.1K – $890.8K
NOI $53,448 @ 7.0% cap · market cap 33.20%
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
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Second-floor office unit with reception/lobby, four 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 F4 Savannah, GA.
What is the asking price?
The asking price for this property is $160,999.
What are key features of this property?
This property features: Second‑floor office condominium in the Park South Office Complex (Savannah), built in 1985; Reception/lobby area plus 4 private offices and a dedicated half bath; Dedicated HVAC system and water heater for the unit
