Second-Floor Office
F2-7505 Waters Ave Savannah, GA 31404
For Sale
$160,999
Second-floor unit with reception area, three private offices, half bath, and its own HVAC and water heater.
Property Size817 SF
Price / SF$197.06
Days on Market15
Property Features for F2-7505 Waters Ave
General Information
- Standard status
- Active
- Size
- 817 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 21
Last Checked: Jul 23 at 3:02PM
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.
Located in the Park South Office Complex, this second-floor office condominium offers a reception or lobby area, three private offices, and a dedicated half bath. The unit also includes its own HVAC system and water heater, supporting independent day-to-day comfort.
Ample parking is located just outside the entrance for convenient access. Monthly HOA dues are listed at $170 and cover landscaping, exterior building maintenance, parking lot maintenance, and the roof.
The layout is suited for professional, medical, or service-based businesses seeking an office space with distinct rooms and a low-maintenance ownership model.
Ample parking is located just outside the entrance for convenient access. Monthly HOA dues are listed at $170 and cover landscaping, exterior building maintenance, parking lot maintenance, and the roof.
The layout is suited for professional, medical, or service-based businesses seeking an office space with distinct rooms and a low-maintenance ownership model.
Key Highlights
- Second‑floor office condominium in the Park South Office Complex in central Savannah
- Reception/lobby area plus 3 private offices and a dedicated half bath
- Unit has its own HVAC system and water heater
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 | $18.1k | $22.20 |
| − Vacancy | −$3.0k | −$3.66 |
| EGI | $15.1k | $18.54 |
| − OpEx | −$3.8k | −$4.63 |
| NOI | $11.4k | $13.90 |
817 SF · lease $22.20/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$162.3K
$142.0K – $189.3K
NOI $11,359 @ 7.0% cap · market cap 7.06%
Second Best
Healthcare Medical
$148.3K
$129.8K – $173.0K
NOI $10,381 @ 7.0% cap · market cap 6.45%
Theoretical Best
Warehouse
$763.5K
$668.1K – $890.8K
NOI $53,448 @ 7.0% cap · market cap 33.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Second-floor unit with reception area, three private offices, half bath, and its own HVAC and water heater.
Where is this office units located?
The property is located at F2-7505 Waters Ave Savannah, GA.
What is the asking price?
The asking price for this property is $160,999.
What are key features of this property?
This property features: Second‑floor office condominium in the Park South Office Complex in central Savannah; Reception/lobby area plus 3 private offices and a dedicated half bath; Unit has its own HVAC system and water heater
