Two-Unit Office
For Sale
$750,000
911 E 70th Street, Savannah, GA 31405
Commercial Sale, Savannah, GA
Property Size2,256 SF
Lot Size0.18 Acres
Price / SF$332.45
Days on Market12
Property Features for 911 E 70th Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
BG - G
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking
12
Appliances
Electric Water Heater
Directions
from Truman Parkway: take the DeRenne Ave exit, head west, turn right on Waters Ave, then turn left onto E 70th St.
Standard status
Active
APN
20114 25010
Size
2,256 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Description
LTS 5, 8, BLK R, N KENSINGTON BO UHAN WD
Legal Description
LTS 5, 8, BLK R, N KENSINGTON BO UHAN WD
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1978
Floors in Building
1
Flooring type
Carpet
Building materials
Stone
Listing Agency:
Seabolt Real Estate
(912) 233-6609
Listed By:
Amanda Jacobs Hall · License #454897
(912) 247-6822
Added: Sep 9
Changed: Sep 17
Last Checked: Sep 20 at 1:06PM
MLS# SA364301
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 office property contains two units totaling 2,256 square feet on a 0.18-acre site. Built in 1978, the building features stone construction, carpeted flooring, two bathrooms, central heating and cooling, and an electric water heater. Public water and public sewer serve the property, which is zoned BG - G.
The site is positioned near Truman Parkway and Savannah’s medical and midtown districts, providing access to established employment and service areas. On-site parking supports daily office operations, while the two-unit layout can accommodate an owner-user or professional office occupancy.
The site is positioned near Truman Parkway and Savannah’s medical and midtown districts, providing access to established employment and service areas. On-site parking supports daily office operations, while the two-unit layout can accommodate an owner-user or professional office occupancy.
Key Highlights
- 2,256 SF office property with two units
- 0.18‑acre site zoned BG - G
- On‑site parking included
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
$31,365
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
4.18%
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%
$627,300
$627.3K
Cap Rate 7%
$448,071
$448.1K
Cap Rate 9%
$348,500
$348.5K
Market Conditions
NOI Build-Up for 2,256 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
$50.1K $22.20/SF
− Vacancy
−$8.3K −$3.66/SF
EGI
$41.8K $18.54/SF
− OpEx
−$10.5K −$4.63/SF
NOI
$31.4K $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%
$627,300
Cap Rate 7%
$448,071
Cap Rate 9%
$348,500
Alternative Uses
Best Use
Office B
$448.1K
$392.1K – $522.8K
NOI $31,365 @ 7.0% cap · market cap 4.18%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.11M
$1.84M – $2.46M
NOI $147,586 @ 7.0% cap · market cap 19.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
2,162
Businesses Nearby
Explore this area
Business Placement
Demographics for 31405, GA
38,069
Population
16,809
Households
2.3
Avg Household Size
36
Median Age
35%
College-Educated
90%
High-School Grad
31.2 sq mi
ZIP Area
1,220
Density / Sq Mi
$62,123
Median Household Income
$35,836
Median Earnings
$1,431
Median Rent
$304,800
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 units - Flexible professional workspace with on-site parking and convenient access to Truman Parkway.
Where is this office units located?
The property is located at 911 E 70th Street Savannah, GA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 2,256 SF office property with two units; 0.18‑acre site zoned BG - G; On‑site parking included
