Second-Floor Office
For Sale
$139,900
7505 Waters Avenue B 8, Savannah, GA 31406
Professional office space within a business park near retail, dining, and major highway connections.
Property Size817 SF
Price / SF$171.24
Days on Market57
Property Features for 7505 Waters Avenue B 8
General Information
Standard status
Active
Size
817 SF
Additional Details
Floor
2
Highway Access
Yes
Building Details
Year Built
1985
Listing Agency:
Velore Brown Real Estate, LLC
Listed By:
Velore Brown · License #368917
(912) 927-1088
Source:
Southeastgahomesearch
Added: Aug 21
Changed: Oct 2
Last Checked: Oct 7 at 1:27PM
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 second-floor office condo is located within Park South Office Park, a professional business setting that includes nearby retail shops, dining options, and professional services. The property was built in 1985 and provides an office environment for businesses seeking a dedicated presence in the area.
Access to major highways supports convenient travel for employees and clients. The surrounding mix of commercial services and dining adds practical amenities within the office park setting.
Access to major highways supports convenient travel for employees and clients. The surrounding mix of commercial services and dining adds practical amenities within the office park setting.
Key Highlights
- Second‑floor office condo in Park South Office Park
- 817 property size
- 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
Warehouse
$763.5K
$668.1K – $890.8K
NOI $53,448 @ 7.0% cap · market cap 38.20%
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
488
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
Vacancy Rate% for Office in Savannah, GA
Frequently Asked Questions
What type of property is this?
Office units - Professional office space within a business park near retail, dining, and major highway connections.
Where is this office units located?
The property is located at 7505 Waters Avenue 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: Second‑floor office condo in Park South Office Park; 817 property size; Built in 1985
