First-Floor Office
For Sale
$164,999
7505 Waters Avenue F1, Savannah, GA 31406
Reception area, two private offices, a half bath, and dedicated building systems support varied professional uses.
Property Size829 SF
Price / SF$199.03
Days on Market95
Property Features for 7505 Waters Avenue F1
General Information
Standard status
Active
Size
829 SF
Additional Details
Floor
First Floor
HOA Fee
$170
Building Details
Year Built
1985
Listing Agency:
Realty One Group Inclusion
Listed By:
Susan Ross · License #410013
(912) 713-3956
Source:
Bradberrygarnerrealestate
Added: Jul 14
Changed: Oct 15
Last Checked: Oct 7 at 4:47PM
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
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Investment Insights
Based on property information with market context.
This 831-square-foot office condominium occupies the first floor of the Park South Office Complex. The layout includes a reception area, an additional office area, two private offices, and a dedicated half bath. The unit has its own HVAC system and water heater, while parking is located directly outside the entrance.
Built in 1985, the property is located at 7505 Waters Avenue in Savannah. HOA services include landscaping, exterior building maintenance, parking lot maintenance, and roof maintenance, providing a defined framework for ongoing property upkeep. The configuration is suited to professional, medical, or service-based operations.
Built in 1985, the property is located at 7505 Waters Avenue in Savannah. HOA services include landscaping, exterior building maintenance, parking lot maintenance, and roof maintenance, providing a defined framework for ongoing property upkeep. The configuration is suited to professional, medical, or service-based operations.
Key Highlights
- 831‑square‑foot first‑floor office condominium
- Reception area plus an additional office area
- Two private offices and a dedicated half bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,525
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$230,500
$230.5K
Cap Rate 7%
$164,643
$164.6K
Cap Rate 9%
$128,056
$128.1K
Market Conditions
NOI Build-Up for 829 SF
Gross rent
$18.4K $22.20/SF
− Vacancy
−$3.0K −$3.66/SF
EGI
$15.4K $18.54/SF
− OpEx
−$3.8K −$4.63/SF
NOI
$11.5K $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%
$230,500
Cap Rate 7%
$164,643
Cap Rate 9%
$128,056
Alternative Uses
Best Use
Office B
$164.6K
$144.1K – $192.1K
NOI $11,525 @ 7.0% cap · market cap 6.98%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$774.8K
$677.9K – $903.9K
NOI $54,233 @ 7.0% cap · market cap 32.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
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 - Reception area, two private offices, a half bath, and dedicated building systems support varied professional uses.
Where is this office units located?
The property is located at 7505 Waters Avenue F1 Savannah, GA.
What is the asking price?
The asking price for this property is $164,999.
What are key features of this property?
This property features: 831‑square‑foot first‑floor office condominium; Reception area plus an additional office area; Two private offices and a dedicated half bath
