Second-Floor Office
For Sale
$169,900
785 King George Boulevard, Savannah, GA 31419
Commercial Sale, Savannah, GA
Property Size993 SF
Lot Size0.03 Acres
Price / SF$171.10
Days on Market26
Property Features for 785 King George Boulevard
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
PUDC
Appliances
Electric Water Heater
Directions
From GA 204 E, take the King George Blvd Exit. Continue on King George Blvd. Destination will be on your right.
Standard status
Active
APN
1099302063
Size
993 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
UNIT 103 BLDG A GEORGETOWN CENTER OFFICE CONDOMINIUMS CPB 2C 125, 126A-E
Tax Annual Amount
1145
Legal Description
UNIT 103 BLDG A GEORGETOWN CENTER OFFICE CONDOMINIUMS CPB 2C 125, 126A-E
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Amenities
kitchenette
Building Details
Year built
2005
Floors in Building
1
Flooring type
Carpet
Building materials
Brick
Listing Agency:
RE/MAX Accent · RE/MAX International
(912) 756-5888
Listed By:
Cecilia Bird · License #229947
(912) 604-1967
Added: Aug 9
Changed: Aug 19
Last Checked: Sep 3 at 8:06PM
MLS# SA362230
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.
This 993-square-foot office unit occupies the second floor of Georgetown Office Park and was built in 2005. The layout includes 3 private offices, a reception area, and a kitchenette, creating a practical setting for professional operations. Interior finishes include carpet flooring, while the building features brick construction, central air, and electric heating and cooling.
The property is zoned PUDC and supported by public water and public sewer. On-site parking is available, with access to downtown Savannah, the Southside, Highway 17, and Interstate 95. The suite’s configuration and office-park setting provide a defined commercial environment for an owner-user or professional office operation.
The property is zoned PUDC and supported by public water and public sewer. On-site parking is available, with access to downtown Savannah, the Southside, Highway 17, and Interstate 95. The suite’s configuration and office-park setting provide a defined commercial environment for an owner-user or professional office operation.
Key Highlights
- 993 square feet of second‑floor office space
- 3 private offices plus reception area and kitchenette
- Georgetown Office Park setting with on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,805
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$276,100
$276.1K
Cap Rate 7%
$197,214
$197.2K
Cap Rate 9%
$153,389
$153.4K
Market Conditions
NOI Build-Up for 993 SF
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.
Gross rent
$22.0K $22.20/SF
− Vacancy
−$3.6K −$3.66/SF
EGI
$18.4K $18.54/SF
− OpEx
−$4.6K −$4.63/SF
NOI
$13.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$276,100
Cap Rate 7%
$197,214
Cap Rate 9%
$153,389
Alternative Uses
Best Use
Office B
$197.2K
$172.6K – $230.1K
NOI $13,805 @ 7.0% cap · market cap 8.13%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$928.0K
$812.0K – $1.08M
NOI $64,962 @ 7.0% cap · market cap 38.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
221
Businesses Nearby
Explore this area
Business Placement
Demographics for 31419, GA
55,413
Population
24,862
Households
2.2
Avg Household Size
35
Median Age
34%
College-Educated
91%
High-School Grad
72.9 sq mi
ZIP Area
760
Density / Sq Mi
$70,734
Median Household Income
$35,804
Median Earnings
$1,344
Median Rent
$239,600
Median Home Value
Market
Vacancy Rate% for Office in Savannah, GA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Configured with private offices, a reception area, kitchenette, and on-site parking within a professional office park.
Where is this office units located?
The property is located at 785 King George Boulevard Savannah, GA.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: 993 square feet of second‑floor office space; 3 private offices plus reception area and kitchenette; Georgetown Office Park setting with on‑site parking
