First-Floor Office Condominium
7505 Waters Avenue Savannah, GA 31406
7505 Waters Avenue, Savannah, GA, 31406
$164,999
For Sale
$164,999
SINGLE_FAMILY - Savannah, GA
Property Size829 SF
Lot Size0.01 Acres
Price / SF$199.03
Days on Market20
Property Features for 7505 Waters Avenue
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- BN
- Appliances
- Electric Water Heater
- Standard status
- Active
- APN
- 2049109001F
- Size
- 829 SF
- Lot size
- 0.01 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- UNIT F-1 PARK SOUTH
- Tax Annual Amount
- 705
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1985
- Floors in Building
- 1
- Building materials
- Brick
Listing Agency
Realty One Group Inclusion
(912) 298-7200
7025 Hodgson Memorial Dr Suite, Savannah, GA
Listed by
Susan Ross · License #410013
(912) 713-3956
Added: Jun 30 Checked: Jul 19 at 2:06 pm
MLS# SA359708
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.
Position your business in a first-floor office condominium unit within the Park South Office Complex at 7505 Waters Avenue in Savannah, Georgia. The suite includes a reception area, three private offices, and a dedicated half bath. The unit also has its own HVAC system and water heater for independent climate and comfort.
Ample parking is located just outside the entrance, supporting convenient day-to-day access for staff and visitors. The property is zoned BN.
Monthly HOA dues of $170 cover landscaping, exterior building maintenance, parking lot maintenance, and the roof, creating a lower-maintenance ownership structure. Additional office units owned by the seller are also available, allowing for possible expansion of office space.
Ample parking is located just outside the entrance, supporting convenient day-to-day access for staff and visitors. The property is zoned BN.
Monthly HOA dues of $170 cover landscaping, exterior building maintenance, parking lot maintenance, and the roof, creating a lower-maintenance ownership structure. Additional office units owned by the seller are also available, allowing for possible expansion of office space.
Key Highlights
- First‑floor office condominium in the Park South Office Complex in central Savannah
- Reception area plus three private offices and a dedicated half bath
- Own HVAC system and electric water heater
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 | $18.4k | $22.20 |
| − Vacancy | −$3.0k | −$3.66 |
| EGI | $15.4k | $18.54 |
| − OpEx | −$3.8k | −$4.63 |
| NOI | $11.5k | $13.90 |
829 SF · lease $22.20/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$164.6K
$144.1K – $192.1K
NOI $11,525 @ 7.0% cap · market cap 6.98%
Second Best
Healthcare Medical
$150.5K
$131.7K – $175.6K
NOI $10,533 @ 7.0% cap · market cap 6.38%
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 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 - First-floor office unit with reception, three private offices, dedicated HVAC, and a half bath in a maintained complex.
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 $164,999.
What are key features of this property?
This property features: First‑floor office condominium in the Park South Office Complex in central Savannah; Reception area plus three private offices and a dedicated half bath; Own HVAC system and electric water heater
