7505 Waters Avenue, Savannah, GA 31406
SINGLE_FAMILY - Savannah, GA
- Added:
- Jan 14, 2026
- Days on Market:
- 165
- Last Refresh:
- Jun 28 at 5:06 pm
Property Features for 7505 Waters Avenue
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- BN
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Appliances
- Electric Water Heater
- Standard status
- Active Under Contract
- APN
- 2049109041
- Size
- 829 SF
- Lot size
- 0.01 Acres
Taxes and HOA fees
- Tax Description
- UNIT C-11 PARK SOUTH
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1985
- Floors in Building
- 1
- Flooring type
- Carpet, Wood
- Building materials
- Brick
- Roof type
- Asphalt
Listing agent Steffany P. Farmer License #168178 (912) 484-5552
Listing office Better Homes and Gardens Real 130 Canal Street, Suite 504, Pooler, GA (912) 303-8405
Listing date Jan 14, 2026
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- First‑floor office condo in the Park South Office Complex with a private exterior front entrance and no shared interior hallway
- Direct front‑door parking for added convenience
- Unit 11 has its own HVAC system and electric water heater for independent operation
- Private half bath in the unit
- Building roof was recently replaced; HOA is $170/month starting January
- HOA dues include landscaping, exterior repairs, parking lot maintenance, and roof coverage
Overview
The property is located at 7505 Waters Avenue in Savannah, GA 31406, within a BN-zoned commercial corridor. It sits among established neighboring businesses. The building has recently received a new roof, and the HOA is structured to support exterior and common maintenance.
For owner-occupants, the independent entrance and dedicated mechanicals help streamline operations and reduce reliance on shared spaces. For investors, the unit’s condominium structure and low-maintenance ownership elements are supported by the HOA dues of $170 per month beginning in January, which include landscaping, exterior repairs, parking lot maintenance, and the roof. This combination of private access, self-contained systems, and condominium-style ownership makes Unit 11 a practical fit for professional office tenants seeking their own operational setup.
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 | $18.4k | $22.20 |
| − Vacancy | −$3.0k | −$3.66 |
| EGI | $15.4k | $18.54 |
| − OpEx | −$3.8k | −$4.63 |
| NOI | $11.5k | $13.90 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Savannah
- County
- Chatham
- State
- Georgia
- Longitude
- -81.102493
- Latitude
- 32.004086
