Second-Floor Office
For Sale
$160,999
F4-7505 Waters Ave, Savannah, GA 31404
Reception area, four private offices, a half bath, dedicated HVAC, and a water heater support professional use.
Property Size817 SF
Price / SF$197.06
Days on Market90
Property Features for F4-7505 Waters Ave
General Information
Standard status
Active
Size
817 SF
Additional Details
Floor
2
HOA Fee
$170
Office Units
1
Listing Agency:
Realty One Group Inclusion
(912) 298-7200
Listed By:
Susan Ross · License #410013
(912) 713-3956
Source:
Exprealty
Added: Jul 10
Changed: Oct 6
Last Checked: Oct 5 at 11:26PM
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 at F4-7505 Waters Ave in Savannah’s Park South Office Complex, this second-floor office condominium measures 817 square feet. The layout includes a reception or lobby area, four private offices, and a dedicated half bath, creating a defined setting for office operations. An individual HVAC system and water heater serve the unit.
Parking is positioned outside the building entrance. The property is suited to professional, medical, or service-based business use, and additional office units owned by the seller may also be purchased for expansion. The condominium structure includes exterior maintenance responsibilities for the building, roof, landscaping, and parking lot through the association.
Parking is positioned outside the building entrance. The property is suited to professional, medical, or service-based business use, and additional office units owned by the seller may also be purchased for expansion. The condominium structure includes exterior maintenance responsibilities for the building, roof, landscaping, and parking lot through the association.
Key Highlights
- 817‑square‑foot second‑floor office condominium
- Four private offices plus a reception or lobby area
- Dedicated half bath within the unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,359
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$227,180
$227.2K
Cap Rate 7%
$162,271
$162.3K
Cap Rate 9%
$126,211
$126.2K
Market Conditions
NOI Build-Up for 817 SF
Gross rent
$18.1K $22.20/SF
− Vacancy
−$3.0K −$3.66/SF
EGI
$15.1K $18.54/SF
− OpEx
−$3.8K −$4.63/SF
NOI
$11.4K $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 Rate 5%
$227,180
Cap Rate 7%
$162,271
Cap Rate 9%
$126,211
Alternative Uses
Best Use
Office B
$162.3K
$142.0K – $189.3K
NOI $11,359 @ 7.0% cap · market cap 7.06%
Second Best
—
—
no second resolved use
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
Lease Details
1
Office units
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 - Reception area, four private offices, a half bath, dedicated HVAC, and a water heater support professional use.
Where is this office units located?
The property is located at F4-7505 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: 817‑square‑foot second‑floor office condominium; Four private offices plus a reception or lobby area; Dedicated half bath within the unit
