Two-Level Office Condominium
7505 Waters Avenue Savannah, GA 31406
SINGLE_FAMILY - Savannah, GA
Type:Office
Property size:
1,648 SFLot size:
0.01 AcresPrice / SF:
$182/SF- Added:
- Jan 14, 2026
- Days on Market:
- 177
- Last Refresh:
- Jul 10 at 10:06 am
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
- 2049109043 & 2049109042
- Size
- 1,648 SF
- Lot size
- 0.01 Acres
Taxes and HOA fees
- Tax Description
- UNIT C-9 PARK SOUTH & Unit C-10 PARK SOUTH
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- 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
MLS# SA346334
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.
Investment Insights
Based on property information with market context.
Units 9 and 10 provide a two-level office condominium setup in the Park South Office Complex, with a first-floor unit that connects to an adjoining upstairs unit via a private internal staircase. The design is intended to give occupants clear separation of space while preserving an efficient internal flow between levels. Each unit is served by its own HVAC system, water heater, and a private half bath, supporting independent operation. The building has a newly replaced roof, and front-door parking is available without shared interior hallways.
The property is located at 7505 Waters Avenue in Savannah, Georgia, within a commercial corridor among established neighboring businesses. This location and configuration are geared toward professional services that benefit from both client-facing rooms and day-to-day administrative space.
The layout can fit a range of owner-occupants, including therapists, attorneys, consultants, and other professional users, as well as medical providers and services that require dedicated, controllable office environments. For buyers considering long-term flexibility, the HOA dues are $170 per month beginning in January and include landscaping, exterior repairs, parking lot maintenance, and the roof, which can reduce ongoing ownership responsibilities. The seller also owns adjoining units that may be purchased separately to expand into additional contiguous space if needed.
The property is located at 7505 Waters Avenue in Savannah, Georgia, within a commercial corridor among established neighboring businesses. This location and configuration are geared toward professional services that benefit from both client-facing rooms and day-to-day administrative space.
The layout can fit a range of owner-occupants, including therapists, attorneys, consultants, and other professional users, as well as medical providers and services that require dedicated, controllable office environments. For buyers considering long-term flexibility, the HOA dues are $170 per month beginning in January and include landscaping, exterior repairs, parking lot maintenance, and the roof, which can reduce ongoing ownership responsibilities. The seller also owns adjoining units that may be purchased separately to expand into additional contiguous space if needed.
Key Highlights
- Two‑level setup: Unit 9 and Unit 10 in Park South Office Complex with a private internal staircase between an upstairs unit and a first‑floor adjoining unit
- Each unit has its own HVAC, electric water heater, and private half bath for independent operation
- Front‑door parking available and there are no shared interior hallways
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 | $36.6k | $22.20 |
| − Vacancy | −$6.0k | −$3.66 |
| EGI | $30.5k | $18.54 |
| − OpEx | −$7.6k | −$4.63 |
| NOI | $22.9k | $13.90 |
1,648 SF · lease $22.20/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$327.3K
$286.4K – $381.9K
NOI $22,912 @ 7.0% cap · market cap 7.64%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.54M
$1.35M – $1.80M
NOI $107,811 @ 7.0% cap · market cap 35.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Two connected office condos with private stair access, separate HVAC, and half baths for independent daily operations.
Where is this office units located?
The property is located at 7505 Waters Avenue Savannah, GA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Two‑level setup: Unit 9 and Unit 10 in Park South Office Complex with a private internal staircase between an upstairs unit and a first‑floor adjoining unit; Each unit has its own HVAC, electric water heater, and private half bath for independent operation; Front‑door parking available and there are no shared interior hallways
