Second-Floor Office
For Sale
$160,999
F2-7505 Waters Ave, Savannah, GA 31404
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 Market27
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 31 at 6:08PM
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 authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
Explore this area
Business Placement
Demographics for 31404, GA
31,530
Population
14,427
Households
2.2
Avg Household Size
35
Median Age
28%
College-Educated
89%
High-School Grad
13.7 sq mi
ZIP Area
2,301
Density / Sq Mi
$49,805
Median Household Income
$31,620
Median Earnings
$1,199
Median Rent
$193,100
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 - 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
