First-Floor Medical Office
F1-7505 Waters Ave Savannah, GA 31404
For Sale
$164,999
First-floor office condominium includes a reception area, three private offices, half bath, and dedicated HVAC and water heater.
Property Size829 SF
Price / SF$199.03
Days on Market21
Property Features for F1-7505 Waters Ave
General Information
Standard status
Active
Size
829 SF
Listing Agency:
Realty One Group Inclusion
(912) 713-3956
Listed By:
Susan Ross · License #410013
(912) 713-3956
Source:
Exprealty
Added: Jul 10
Changed: Jul 25
Last Checked: Jul 29 at 6:15PM
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 Realty One Group Inclusion
Investment Insights
Based on property information with market context.
This first-floor office condominium within the Park South Office Complex offers a reception area, three private offices, and a dedicated half bath. The space is supported by its own HVAC system and water heater, providing independent comfort and service reliability. Parking is available just outside the entrance for convenient daily access.
The property is centrally located in Savannah and positioned in a professionally oriented office complex. Monthly HOA dues are $170 and include landscaping, exterior building maintenance, parking lot maintenance, and the roof.
Additional office units owned by the seller are also available for purchase, which may allow for expanded office space within the same complex.
The property is centrally located in Savannah and positioned in a professionally oriented office complex. Monthly HOA dues are $170 and include landscaping, exterior building maintenance, parking lot maintenance, and the roof.
Additional office units owned by the seller are also available for purchase, which may allow for expanded office space within the same complex.
Key Highlights
- First‑floor office condominium in the Park South Office Complex in central Savannah
- Includes a reception area, three private offices, and a dedicated half bath
- Own HVAC system and water heater included
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 | $18.4k | $22.20 |
| − Vacancy | −$3.0k | −$3.66 |
| EGI | $15.4k | $18.54 |
| − OpEx | −$3.8k | −$4.63 |
| NOI | $11.5k | $13.90 |
829 SF · lease $22.20/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$164.6K
$144.1K – $192.1K
NOI $11,525 @ 7.0% cap · market cap 6.98%
Second Best
Healthcare Medical
$150.5K
$131.7K – $175.6K
NOI $10,533 @ 7.0% cap · market cap 6.38%
Theoretical Best
Warehouse
$774.8K
$677.9K – $903.9K
NOI $54,233 @ 7.0% cap · market cap 32.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - First-floor office condominium includes a reception area, three private offices, half bath, and dedicated HVAC and water heater.
Where is this office units located?
The property is located at F1-7505 Waters Ave Savannah, GA.
What is the asking price?
The asking price for this property is $164,999.
What are key features of this property?
This property features: First‑floor office condominium in the Park South Office Complex in central Savannah; Includes a reception area, three private offices, and a dedicated half bath; Own HVAC system and water heater included
