Renovated Two-Office
For Sale
$155,000
C-355 Commercial Dr, Savannah, GA 31406
First-floor office unit with private offices, a reception area, kitchenette, wet bar, and restroom.
Property Size616 SF
Price / SF$251.62
Days on Market32
Property Features for C-355 Commercial Dr
General Information
Standard status
Active
Size
616 SF
Additional Details
Floor
1
Amenities
kitchenette
wet bar
private restroom
Listing Agency:
Scott Realty Professionals
(912) 844-0682
Listed By:
Sabriya Scott · License #269094
(912) 844-0682
Source:
Exprealty
Added: Jul 24
Changed: Aug 21
Last Checked: Aug 24 at 9:27AM
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 Scott Realty Professionals
Investment Insights
Based on property information with market context.
This 616-square-foot office unit occupies the first floor and has been recently renovated. The layout includes two private offices, a reception area that can also function as workspace, a kitchenette with wet bar, and a private restroom. The flexible configuration supports a range of professional office uses, including administrative, consulting, real estate, financial, insurance, and medical services.
The property is located at C-355 Commercial Dr in Savannah, GA, with convenient first-floor access. Its combination of private offices, shared workspace, and supporting amenities provides a practical setup for an owner-user or professional office operation.
The property is located at C-355 Commercial Dr in Savannah, GA, with convenient first-floor access. Its combination of private offices, shared workspace, and supporting amenities provides a practical setup for an owner-user or professional office operation.
Key Highlights
- 616‑square‑foot first‑floor office unit
- Recently renovated interior
- Two private offices plus reception or additional workspace
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
$8,564
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
5.53%
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%
$171,280
$171.3K
Cap Rate 7%
$122,343
$122.3K
Cap Rate 9%
$95,156
$95.2K
Market Conditions
NOI Build-Up for 616 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
$13.7K $22.20/SF
− Vacancy
−$2.3K −$3.66/SF
EGI
$11.4K $18.54/SF
− OpEx
−$2.9K −$4.63/SF
NOI
$8.6K $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%
$171,280
Cap Rate 7%
$122,343
Cap Rate 9%
$95,156
Alternative Uses
Best Use
Office B
$122.3K
$107.1K – $142.7K
NOI $8,564 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$575.7K
$503.7K – $671.6K
NOI $40,298 @ 7.0% cap · market cap 26.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,066
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - First-floor office unit with private offices, a reception area, kitchenette, wet bar, and restroom.
Where is this office units located?
The property is located at C-355 Commercial Dr Savannah, GA.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: 616‑square‑foot first‑floor office unit; Recently renovated interior; Two private offices plus reception or additional workspace
