Office Unit with On-Site
For Sale
$139,900
7505 Waters Avenue, Savannah, GA 31406
Commercial Sale, Savannah, GA
Property Size817 SF
Lot Size0.01 Acres
Price / SF$171.24
Days on Market88
Property Features for 7505 Waters Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
BN
Bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1
Security features
Security Lighting
Appliances
Electric Water Heater
Directions
To get to 7505 Waters Ave from I-95 in Savannah, take Exit 94 for GA-204 East, transition to the Harry S Truman Parkway, and head north to exit toward Waters Avenue. The total drive is about 12 miles and takes roughly 15 to 20 minutes depending on traffic.
Standard status
Active
APN
2049109027
Size
817 SF
Lot size
0.01 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
UNIT B-10 PARK SOUTH
Tax Annual Amount
651
HOA Fee
$170 Monthly
Legal Description
UNIT B-10 PARK SOUTH
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central, Forced Air
Cooling system
Central Air, Electric, Heat Pump
Water source
Public
Building Details
Year built
1985
Floors in Building
2
Building materials
Brick
Listing Agency:
Velore Brown Real Estate, LLC
Listed By:
Velore Brown · License #368917
(912) 323-0027
Added: Jul 28
Changed: Oct 23
Last Checked: Oct 23 at 5:06AM
MLS# SA361422
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.
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Investment Insights
Based on property information with market context.
This office unit contains 817 square feet within a brick building constructed in 1985. The space includes a bathroom and is served by central electric heating and central air conditioning with heat-pump equipment. Public water and public sewer are in place, and the property is zoned BN.
On-site parking accommodates tenants and clients. The property offers access to major highways and is surrounded by professional services, retail shops, and dining options. Its Savannah location places office users within an established commercial setting with several nearby service and convenience-oriented businesses.
On-site parking accommodates tenants and clients. The property offers access to major highways and is surrounded by professional services, retail shops, and dining options. Its Savannah location places office users within an established commercial setting with several nearby service and convenience-oriented businesses.
Key Highlights
- 817‑square‑foot office unit
- On‑site parking for tenants and clients
- Brick construction; 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.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,880
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Savannah, GA
Frequently Asked Questions
What type of property is this?
Office unit - Brick office space with central heating and cooling, public water, and sewer service.
Where is this office unit located?
The property is located at 7505 Waters Avenue 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: 817‑square‑foot office unit; On‑site parking for tenants and clients; Brick construction; built in 1985
