Two-Story Office Building with Gated
For Sale
$1,325,000
8890 Abercorn Street, Savannah, GA 31406
Commercial Sale, Savannah, GA
Property Size7,500 SF
Lot Size0.43 Acres
Price / SF$176.67
Days on Market188
Property Features for 8890 Abercorn Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
PBC
Parking
15
Exterior features
Fence
Fencing
Chain Link, Fenced
Directions
Heading North on Hwy 204/Abercorn St, turn right onto the frontage road and 8890 will be the first building on the right.
Standard status
Active
APN
2058903002A
Size
7,500 SF
Lot size
0.43 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PAR A TRIROADS SUB
Tax Annual Amount
15339
Legal Description
PAR A TRIROADS SUB
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Amenities
side lobby
Building Details
Year built
1984
Floors in Building
2
Flooring type
Concrete
Building materials
Brick
Listing Agency:
Daniel Ravenel SIR
(912) 234-3323
Listed By:
Ruben E. Ramos · License #374357
(912) 856-2244
Added: Mar 6
Changed: Sep 8
Last Checked: Sep 10 at 10:06PM
MLS# SA350683
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 7,500-square-foot office building has two stories, brick construction, concrete flooring, central heating, and central air. The interior is in bare-bones condition and ready for renovation. A side lobby provides independent access to the first and second floors, supporting separate use of each level. The property includes dedicated on-site parking that has been freshly repaved, along with a private gated area behind the building.
Located at 8890 Abercorn Street along Hwy 204, also known as Abercorn Extension, the property offers access to Truman Parkway and is minutes from Oglethorpe Mall. The surrounding Southside commercial district includes retail and restaurants. Zoning is PBC, with public water and public sewer serving the site.
Located at 8890 Abercorn Street along Hwy 204, also known as Abercorn Extension, the property offers access to Truman Parkway and is minutes from Oglethorpe Mall. The surrounding Southside commercial district includes retail and restaurants. Zoning is PBC, with public water and public sewer serving the site.
Key Highlights
- 7,500‑square‑foot, two‑story office building constructed in 1984
- 0.43‑acre lot with freshly repaved on‑site parking
- Private gated rear lot with chain‑link fencing
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
$104,271
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
7.87%
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%
$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
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
$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 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%
$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.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,191
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 building - PBC-zoned property offers separate floor access, on-site parking, and a private fenced lot.
Where is this office building located?
The property is located at 8890 Abercorn Street 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 constructed in 1984; 0.43‑acre lot with freshly repaved on‑site parking; Private gated rear lot with chain‑link fencing
