Two-Story Office
For Sale
$1,325,000
8890 Abercorn, Savannah, GA 31406
A side lobby divides the floors, allowing the levels to be occupied or leased separately.
Property Size7,500 SF
Lot Size0.43 Acres
Price / SF$176.67
Days on Market242
Property Features for 8890 Abercorn
General Information
Standard status
Active
Size
7,500 SF
Lot size
0.43 Acres
Property subtype
Commercial
Property Condition
Severity
Repairs Needed
Evidence
bare-bones condition
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Condition
Needs Renovation
Amenities
Central air
Central Air Cooling
Concrete Flooring
Electric Heating
Heating Heating
Building Details
Year Built
1984
Buildings
1
Stories
2
Building Size
7,500 SF
Listing Agency:
DANIEL RAVENEL SIR
Listed By:
RUBEN E. RAMOS · License #374357
(912) 856-2244
Source:
Corcoran
Added: Mar 6
Changed: Nov 1
Last Checked: Nov 1 at 5:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of DANIEL RAVENEL SIR
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 7,500-square-foot office building rises two stories on a 0.43-acre parcel. Its interior is in bare-bones condition and ready for renovation. A side lobby separates the levels, offering the option to use one floor while leasing the other. Architectural plans are available. On-site parking has been recently repaved, and a private gated area sits behind the building.
The property fronts Hwy 204, also known as Abercorn Extension, in Savannah’s Southside commercial district. Truman Parkway is quickly accessible, and Oglethorpe Mall is a few minutes away. Retail and restaurant businesses are present in the surrounding area. The building was constructed in 1984.
The property fronts Hwy 204, also known as Abercorn Extension, in Savannah’s Southside commercial district. Truman Parkway is quickly accessible, and Oglethorpe Mall is a few minutes away. Retail and restaurant businesses are present in the surrounding area. The building was constructed in 1984.
Key Highlights
- 7,500‑square‑foot, two‑story office building on a 0.43‑acre lot
- Lobby between floors supports separate use or leasing of each level
- Interior is in bare‑bones condition; architectural plans available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,271
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,085,420
$2.1M
Cap Rate 7%
$1,489,586
$1.5M
Cap Rate 9%
$1,158,567
$1.2M
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$166.5K $22.20/SF
− Vacancy
−$27.5K −$3.66/SF
EGI
$139.0K $18.54/SF
− OpEx
−$34.8K −$4.63/SF
NOI
$104.3K $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%
$2,085,420
Cap Rate 7%
$1,489,586
Cap Rate 9%
$1,158,567
Alternative Uses
Best Use
Office B
$1.49M
$1.30M – $1.74M
NOI $104,271 @ 7.0% cap · market cap 7.87%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$7.01M
$6.13M – $8.18M
NOI $490,647 @ 7.0% cap · market cap 37.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
156
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
Market
Vacancy Rate% for Office in Savannah, GA
Frequently Asked Questions
What type of property is this?
Office building - A side lobby divides the floors, allowing the levels to be occupied or leased separately.
Where is this office building located?
The property is located at 8890 Abercorn Savannah, GA.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: 7,500‑square‑foot, two‑story office building on a 0.43‑acre lot; Lobby between floors supports separate use or leasing of each level; Interior is in bare‑bones condition; architectural plans available
