Flexible Office Condominium
7505 Waters Avenue #C14, Savannah, GA 31406
For Sale
$749,900
Pending
Five connected suites offer separate entrances and independently controlled building systems.
Property Size4,214 SF
Days on Market21
Property Features for 7505 Waters Avenue #C14
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Additional Details
HOA Fee
Office Units
Property Use
Building Details
Building Size
Year Built
Stories
Listing Agency:
Better Homes and Gardens Real
Listed By:
Steffany P. Farmer · License GA #168178
(912) 484-5552
Source:
Eddymyers
Added: Oct 22
Changed: Oct 28
Last Checked: Nov 10 at 3:28AM
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 Better Homes and Gardens Real
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Investment Insights
Based on property information with market context.
Five office condominium units totaling 4,214 square feet are arranged across two floors, with two units downstairs and three upstairs. Cased openings connect the spaces while preserving unit boundaries, allowing the layout to be reconfigured. Three exterior entrances serve the property, and each unit has its own HVAC system, water heater, and private half bath. One upstairs suite includes a kitchenette, and an upstairs end unit faces a corner park. The roof was recently replaced; the building dates to 1985.
The office space is located at 7505 Waters Avenue in Savannah. The owner may sell all five units together or offer Unit 11, Units 9 and 10, or Units 12 and 14 as separate groupings. Zoning is BN. The HOA covers landscaping, exterior repairs, parking lot maintenance, and the roof.
The office space is located at 7505 Waters Avenue in Savannah. The owner may sell all five units together or offer Unit 11, Units 9 and 10, or Units 12 and 14 as separate groupings. Zoning is BN. The HOA covers landscaping, exterior repairs, parking lot maintenance, and the roof.
Key Highlights
- 5 office condominium units totaling 4,214 square feet
- Two downstairs units and three upstairs units, joined by cased openings
- Three private exterior entrances; no shared interior hallways
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,586
Cap Rate
7.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,171,720
$1.2M
Cap Rate 7%
$836,943
$836.9K
Cap Rate 9%
$650,956
$651.0K
Market Conditions
NOI Build-Up for 4,214 SF
Gross rent
$93.6K $22.20/SF
− Vacancy
−$15.4K −$3.66/SF
EGI
$78.1K $18.54/SF
− OpEx
−$19.5K −$4.63/SF
NOI
$58.6K $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%
$1,171,720
Cap Rate 7%
$836,943
Cap Rate 9%
$650,956
Alternative Uses
Best Use
Office B
$836.9K
$732.3K – $976.4K
NOI $58,586 @ 7.0% cap · market cap 7.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.14M
$995.6K – $1.33M
NOI $79,645 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
5
Office units
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
$260,800
Median Home Value
Market
Average Price Trend$/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 - Five connected suites offer separate entrances and independently controlled building systems.
Where is this office unit located?
The property is located at 7505 Waters Avenue #C14 Savannah, GA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 5 office condominium units totaling 4,214 square feet; Two downstairs units and three upstairs units, joined by cased openings; Three private exterior entrances; no shared interior hallways
