Second-Floor Office
For Sale
$139,900
B-8-7505 Waters Ave, Savannah, GA 31406
817-square-foot office unit in Park South Office Park, surrounded by professional services, retail, and dining.
Property Size817 SF
Price / SF$171.24
Days on Market87
Property Features for B-8-7505 Waters Ave
General Information
Standard status
Active
Size
817 SF
Additional Details
Floor
2nd floor
Highway Access
Yes
Listing Agency:
Velore Brown Real Estate, LLC
Listed By:
Velore Brown · License #368917
(912) 323-0027
Source:
Exprealty
Added: Jul 28
Changed: Oct 21
Last Checked: Oct 20 at 11:12PM
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 Velore Brown Real Estate, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 817-square-foot office condo occupies the second floor of Park South Office Park. The property provides a professional office setting within a development that includes a mix of professional services, retail shops, and dining options.
Access to major highways supports convenient travel to and from the office park. The unit is positioned within a professional business environment that may accommodate law firms, consulting agencies, and technology startups, as identified in the property information.
Access to major highways supports convenient travel to and from the office park. The unit is positioned within a professional business environment that may accommodate law firms, consulting agencies, and technology startups, as identified in the property information.
Key Highlights
- 817‑square‑foot office condo
- Second‑floor unit within Park South Office Park
- Surrounded by professional services, retail shops, and dining options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,359
Cap Rate
8.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$227,180
$227.2K
Cap Rate 7%
$162,271
$162.3K
Cap Rate 9%
$126,211
$126.2K
Market Conditions
NOI Build-Up for 817 SF
Gross rent
$18.1K $22.20/SF
− Vacancy
−$3.0K −$3.66/SF
EGI
$15.1K $18.54/SF
− OpEx
−$3.8K −$4.63/SF
NOI
$11.4K $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 Rate 5%
$227,180
Cap Rate 7%
$162,271
Cap Rate 9%
$126,211
Alternative Uses
Best Use
Office B
$162.3K
$142.0K – $189.3K
NOI $11,359 @ 7.0% cap · market cap 8.12%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$763.5K
$668.1K – $890.8K
NOI $53,448 @ 7.0% cap · market cap 38.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
392
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 unit - 817-square-foot office unit in Park South Office Park, surrounded by professional services, retail, and dining.
Where is this office unit located?
The property is located at B-8-7505 Waters Ave Savannah, GA.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: 817‑square‑foot office condo; Second‑floor unit within Park South Office Park; Surrounded by professional services, retail shops, and dining options
