Second-Level Office
7505 Waters Avenue, Savannah, GA 31406
For Sale
New
$165,900
Commercial Sale, Savannah, GA
Property Size920 SF
Lot Size0.01 Acres
Price / SF$180.33
Days on Market1
Property Features for 7505 Waters Avenue
General Information
Property type
Property subtype
Zoning
Zoning description
Bathrooms
Full bathrooms
Rooms
Appliances
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Condition
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
HOA Fee
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
signage in-front of each suite
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
eXp Realty LLC
(888) 959-9461
Listed By:
Harold Meyers · License GA #336390
(912) 313-2424
Added: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# SA368123
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.
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Investment Insights
Based on property information with market context.
This 920-square-foot office suite occupies the second level and is arranged with three private offices, an open reception area, storage, and a half bath. Carpet flooring, central heating and air conditioning, and electric service are in place. The suite was updated recently and receives natural light.
The property is in the Park South business corridor on Savannah’s southside. The brick complex has maintained grounds and signage in front of each suite. Zoning is BN.
The property is in the Park South business corridor on Savannah’s southside. The brick complex has maintained grounds and signage in front of each suite. Zoning is BN.
Key Highlights
- 920 square feet on the second level
- Three offices plus open reception, storage, and a half bath
- Recent updates and natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,791
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,820
$255.8K
Cap Rate 7%
$182,729
$182.7K
Cap Rate 9%
$142,122
$142.1K
Market Conditions
NOI Build-Up for 920 SF
Gross rent
$20.4K $22.20/SF
− Vacancy
−$3.4K −$3.66/SF
EGI
$17.1K $18.54/SF
− OpEx
−$4.3K −$4.63/SF
NOI
$12.8K $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%
$255,820
Cap Rate 7%
$182,729
Cap Rate 9%
$142,122
Alternative Uses
Best Use
Office B
$182.7K
$159.9K – $213.2K
NOI $12,791 @ 7.0% cap · market cap 7.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$248.4K
$217.4K – $289.8K
NOI $17,388 @ 7.0% cap · market cap 10.48%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
2,880
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
$260,800
Median Home Value
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Market
Average Price Trend$/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 - A three-office layout includes reception space, storage, and a half bath.
Where is this office unit located?
The property is located at 7505 Waters Avenue Savannah, GA.
What is the asking price?
The asking price for this property is $165,900.
What are key features of this property?
This property features: 920 square feet on the second level; Three offices plus open reception, storage, and a half bath; Recent updates and natural light
