Medical Office
7805 Waters Avenue, Savannah, GA 31406
For Sale
New
$165,900
Commercial Sale, Savannah, GA
Property Size1,008 SF
Lot Size0.01 Acres
Price / SF$164.58
Days on Market1
Property Features for 7805 Waters Avenue
General Information
Property type
Property subtype
Zoning
Zoning description
Bathrooms
Full bathrooms
Rooms
Fencing
Appliances
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
HOA Fee
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
full bath
wet bar
receptionist area with waiting room
three offices
storage
second level with large open space
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
Mia Madison Properties
(912) 495-7454
Listed By:
Harold Meyers · License GA #336390
(912) 313-2424
Added: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# SA368145
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 second-level professional suite is configured with a receptionist area and waiting room, three offices, storage, a full bathroom, and a wet bar. An upper-level open area provides additional flexible office space. The building dates to 1980 and is zoned BC.
The suite is in Waters Professional Square on Waters Avenue, within a business corridor described as high-traffic. It has central electric heating and air conditioning, carpet flooring, public water and sewer, and cable availability.
The suite is in Waters Professional Square on Waters Avenue, within a business corridor described as high-traffic. It has central electric heating and air conditioning, carpet flooring, public water and sewer, and cable availability.
Key Highlights
- Second‑level layout includes three offices, reception and waiting areas, storage, a full bath, and a wet bar
- Upper‑level open area offers space for additional offices
- Located in Waters Professional Square on Waters Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,014
Cap Rate
8.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$280,280
$280.3K
Cap Rate 7%
$200,200
$200.2K
Cap Rate 9%
$155,711
$155.7K
Market Conditions
NOI Build-Up for 1,008 SF
Gross rent
$22.4K $22.20/SF
− Vacancy
−$3.7K −$3.66/SF
EGI
$18.7K $18.54/SF
− OpEx
−$4.7K −$4.63/SF
NOI
$14.0K $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%
$280,280
Cap Rate 7%
$200,200
Cap Rate 9%
$155,711
Alternative Uses
Best Use
Office B
$200.2K
$175.2K – $233.6K
NOI $14,014 @ 7.0% cap · market cap 8.45%
Second Best
Healthcare Medical
$183.0K
$160.1K – $213.5K
NOI $12,808 @ 7.0% cap · market cap 7.72%
Theoretical Best
Office A
$272.2K
$238.1K – $317.5K
NOI $19,051 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,169
Businesses Nearby
Well-served
Demand for This Use
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
$260,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Medical Office Space in Savannah, GA
Properties on Market for Medical Office Space in Savannah
Vacancy Rate% for Office in Savannah, GA
Similar Off Market Nearby
- Billy Sanders, D.V.M. — 1201 E Montgomery Cross Rd, Savannah, GA 31406
- Crossroad Animal Hospital — 1201 E Montgomery Cross Rd, Savannah, GA 31406
- Melanie Bevere, DVM -- Crossroad Animal Hospital — 1201 E Montgomery Cross Rd, Savannah, GA 31406
- Allison Animal Care — 715 Mall Blvd, Savannah, GA 31406
- Dr. Sarah Duncan — 7702 Waters Ave, Savannah, GA 31406
Frequently Asked Questions
What type of property is this?
Medical Office Space - Second-level suite with a reception and waiting area, three offices, a full bath, and a wet bar.
Where is this medical office space located?
The property is located at 7805 Waters Avenue Savannah, GA.
What is the asking price?
The asking price for this property is $165,900.
What are key features of this property?
This property features: Second‑level layout includes three offices, reception and waiting areas, storage, a full bath, and a wet bar; Upper‑level open area offers space for additional offices; Located in Waters Professional Square on Waters Avenue
