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Property profile & analytics
OFF-MARKET Estimated value $395,000
Banks

5772 Waters Ave Savannah, GA 31404-6240

5,600 SF 0.3 ac lot Built 1962
Individually Owned Absentee Owner Free & Clear
Property ID
US22-1816462
Property summary
AI-generated overview

This exceptional 5,900-square-foot commercial property, located at 5772 Waters Avenue in Savannah, Georgia, presents a unique investment opportunity. The two-story building, constructed in 1962 and renovated in 2020, boasts a Class B rating and offers versatile space ideal for traditional office or medical office use. The property features a single tenancy, 27 parking spaces, and a convenient location in the Medical Arts submarket cluster. The building includes a 10-foot ceiling height, one hydraulic passenger elevator, and 277/480 power. The zoning is Commercial/Business, and the property sits on one acre of land. The building's layout is adaptable, with each floor comprising 2,950 square feet, and a three-bay drive-through (potentially enclosable) adding an additional 1,200 square feet to the first floor. The property can be leased as a whole or subdivided into multiple suites. A lobby with an elevator and restroom enhances the building's functionality. Its prime location along Waters Avenue, a major arterial road, ensures high visibility and convenient access to Truman Parkway and Eisenhower Drive, attracting both local and commuter traffic. The property's proximity to shopping centers, restaurants, and healthcare services further enhances its appeal. Property taxes are $2 per square foot. The APN is 2011429015 & 2011429014.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1962
Total area 5,600 SF
Lot 0.3 ac (12,998 SF)
Zoning code BN
APN 2-0114 -29-015
UPID US22-1816462
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Bank of America (with Drive-thru services) Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$395k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$395k
Owner & transaction history
BANK AMERICA
BANK AMERICA
Zoning & alternative use
BN · Savannah, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Zoning District R B
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