761 Wheaton Street Savannah, GA 31401
Five-story, 110,445 SF building on 6.49 acres leased to Georgia.
- Added:
- Jan 27, 2026
- Days on Market:
- 165
- Last Refresh:
- Apr 5 at 8:21 pm
Property Features for 761 Wheaton Street
General Information
- Standard status
- Active
- Size
- 110,445 SF
- Lot size
- 6.49 Acres
- Property subtype
- Office
Building Details
- Year Built
- 2004
Listing office Bull Realty (404) 876-1640
Listing date Jan 27, 2026
Source Bullrealty
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Investment Insights
Based on property information with market context.
Key Highlights
- 14‑year lease remaining with the State of Georgia.
- Tenant enjoys below‑market rent due to a property tax exemption structure.
- Located in Savannah, a high‑growth metro area with strong economic fundamentals.
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 | $2.45M | $22.20 |
| − Vacancy | −$404.6k | −$3.66 |
| EGI | $2.05M | $18.54 |
| − OpEx | −$511.8k | −$4.63 |
| NOI | $1.54M | $13.90 |
