Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4600 Waters Ave Savannah, GA 31404-6702

    • Medical offices
    • 2,160 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimations
    $345,000
    Show details
    Cap Rate Potential
    8%
    Medical offices
    Location Intelligence
    Property ID
    US22-1550311
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Pediatric Associates of Savannah / Pediatrician
    • Ben Spitalnick, MD, FAAP: Pediatric Associates of Savannah / Pediatrician / Medical Group
    • Dr. Diane R. Savage-Pedigo, MD / Pediatrician
    • Pediatric Associates-Savannah: De Mauro Michael D MD / Pediatrician
    • Dr. Adria H. Wilkes, MD / Pediatrician

    Property Details for 4600 Waters Ave

    Year built
    1991
    Lot size
    0.12 lot acres
    Property size
    2,160 SF
    Zone code
    PUDISB
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    2-0105 -10-016
    APU
    2010510016

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $340,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $455,000
      6.5%
      $420,000
      7%
      $390,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $275,000
      Market price range: $107k - $343k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.0909
    Latitude
    32.0324
    CBSA code
    42340
    CBSA name
    SAVANNAH, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $31,320
    $148,720
    $180,040
    -
    $78,300
    $371,800
    $450,100

    Comparable in this City

    • Value Estimation
      $520,000
      5,382 SF

      4750 Waters Ave

      MEDICAL BUILDING • 5,382 SF
      4750 Waters Ave, Savannah, GA 31404-6200
      View Details
    • Value Estimation
      $475,000
      15,369 SF

      1139 Lexington Ave

      MEDICAL BUILDING • 15,369 SF
      1139 Lexington Ave, Savannah, GA 31404-5502
      View Details
    • Value Estimation
      $345,000
      396 SF

      4750 Waters Ave

      MEDICAL BUILDING • 396 SF
      4750 Waters Ave, Savannah, GA 31404-6200
      View Details
    • Value Estimation
      $305,000
      1,676 SF

      4750 Waters Ave

      MEDICAL BUILDING • 1,676 SF
      4750 Waters Ave, Savannah, GA 31404-6200
      View Details
    • Value Estimation
      $455,000
      2,512 SF

      1101 51st St

      MEDICAL BUILDING • 2,512 SF
      1101 51st St, Savannah, GA 31404-4031
      View Details
    • Value Estimation
      $405,000
      4,410 SF

      4750 Waters Ave Ste, Unit 512

      MEDICAL BUILDING • 4,410 SF
      4750 Waters Ave Ste, Savannah, GA 31404-6261
      View Details

    Similar Nearby for Sale

    • $650,000
      2,952 SF

      Commercial and Residential Package Opportunity

      Live-work property near Skidaway Road and Victory Drive intersection.
      2203 Skidaway Rd, Savannah, GA 31404
      View Details
    • Contact for pricing
      0.66 Acres

      Savannah Commercial Land - Waters Ave

      0.66-acre commercial lot, prime medical district.
      4800 Waters Ave, Savannah, GA 31404
      View Details
    • $825,000
      1,936 SF

      Retail Property on Waters Avenue

      Retail property available for sale in Savannah, Georgia.
      1721 Waters Ave, Savannah, GA 31404
      View Details
    • $550,000
      0.26 Acres

      Savannah Development Opportunity Near Stadium

      Prime 0.26-acre parcel ready for commercial or residential development.
      Williams St, Savannah, GA 31404
      View Details
    • $650,000
      2,952 SF

      Savannah Mixed-Use Investment Opportunity

      Commercial building and residential cottage near high-traffic area.
      2203 Skidaway Rd, Savannah, GA 31404
      View Details
    • $250,000

      Three Buildable Lots Ready

      Three flat, cleared, and entitled lots ready for your project.
      2408 E 37Th St, Savannah, GA 31404
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      3,600 SF

      Office Space on Victory Drive

      Single-tenant office building suitable for various professional uses.
      1464 E Victory Dr, Savannah, GA 31404
      View Details
    • $38 SF/Yr
      11,227 SF

      Office Space For Rent

      Office space available for lease in Savannah, GA.
      120 Riverview Dr, Savannah, GA 31404
      View Details
    • $22 SF/Yr
      6,542 SF

      Office Space with Generator

      Office space for rent with abundant parking and generator.
      2812 Williams St, Savannah, GA 31404
      View Details
    • $18 SF/Yr
      2,162 SF

      Savannah Gardens Office Space

      Prime Savannah Office, 2,162 SF Available
      510 Pennsylvania Ave, Savannah, GA 31404
      View Details
    • Contact for pricing
      167,690 SF

      Savannah Retail Center Investment Opportunity

      Prime Savannah retail space available.
      1900 Victory Dr, Savannah, GA 31404
      View Details
    • Contact for pricing

      Freestanding Building on Skidaway Road

      Highly visible retail building in growing Savannah retail corridor.
      2405 Skidaway Rd, Savannah, GA 31404
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4600 Waters Ave
    Savannah, GA 31404-6702
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.