Park South Office
C14-7505 Waters Avenue Savannah, GA 31406
C14-7505 Waters Avenue, Savannah, GA, 31406
$749,900
For Sale
$749,900
Combined office units in high-demand Savannah commercial corridor.
Property Size4,214 SF
Price / SF$177.95
Days on Market170
Property Features for C14-7505 Waters Avenue
General Information
- Standard status
- Active
- Size
- 4,214 SF
Listing Agency
Better Homes and Gardens Real
(912) 484-5552
Listed by
Steffany P. Farmer · License #168178
(912) 484-5552
Source
Exprealty
Added: Jan 29 Checked: Jul 17 at 6:05 pm
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 Better Homes and Gardens Real
Investment Insights
Based on property information with market context.
This is an opportunity to acquire up to 4,214 square feet of office condominium space. The space is comprised of five combined units (9, 10, 11, 12 & 14) in the Park South Office Complex. The common walls between the units have been opened with cased openings, creating a connected and functional layout while still allowing the units to remain clearly defined and easily reconfigured if desired. The space includes two downstairs units and three upstairs units with three private exterior front entrances and front-door parking. There are no shared interior hallways. Each unit maintains its own HVAC system, water heater, and private half bath, allowing for independent operation. The middle upstairs unit currently features a kitchenette that can easily be converted back to office space. Unit 14, an upstairs end unit, offers a view overlooking the corner park. The building roof was recently replaced. The layout is suitable for therapists, medical providers, attorneys, consultants, or any business requiring a flexible office configuration. HOA dues will be $170 per month beginning in January and include landscaping, exterior repairs, parking lot maintenance, and the roof. The property is centrally located among established neighboring businesses in a high-demand commercial corridor.
Key Highlights
- Up to 4,214 sq ft of flexible office space in a desirable location.
- Multiple configuration options: use as a large combined space or divide into separate units.
- Three private exterior entrances and front‑door parking; no shared interior hallways.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $93.6k | $22.20 |
| − Vacancy | −$15.4k | −$3.66 |
| EGI | $78.1k | $18.54 |
| − OpEx | −$19.5k | −$4.63 |
| NOI | $58.6k | $13.90 |
4,214 SF · lease $22.20/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$836.9K
$732.3K – $976.4K
NOI $58,586 @ 7.0% cap · market cap 7.81%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.94M
$3.45M – $4.59M
NOI $275,678 @ 7.0% cap · market cap 36.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Combined office units in high-demand Savannah commercial corridor.
Where is this office units located?
The property is located at C14-7505 Waters Avenue Savannah, GA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Up to 4,214 sq ft of flexible office space in a desirable location.; Multiple configuration options: use as a large combined space or divide into separate units.; Three private exterior entrances and front‑door parking; no shared interior hallways.
