107 Center Street, St Simons Island, GA 31522
- Added:
- Mar 9, 2026
- Days on Market:
- 111
- Last Refresh:
- Jun 27 at 2:06 pm
Property Features for 107 Center Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 4
- Standard status
- Active
- APN
- 0412264
- Size
- 1,965 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- UNIT 1 SYLVAN LAKE COMMERCIAL CONDO
- Tax Annual Amount
- 1950
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 2002
- Floors in Building
- 2
- Number of units
- 2
Listing agent Holly May License #264548 (678) 644-2572
Listing office Keller Williams Realty Golden Isles 122 Island Professional Park, Saint Simons Island, GA (912) 434-6477
Listing date Mar 9, 2026
Copyright © 2026 Golden Isles Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Commercial condo (Unit 107) with two separate, locked units and dual entry layout for independent operations or live/work use
- End unit in Sylvan Lake Commercial Condos; one of only 5 units with a privately managed commercial condominium association
- Unit includes approx 1,000 SF upstairs space with 2 offices/bedrooms, 1.5 baths, full kitchen, and laundry (renovated in 2021)
- Main‑level unit includes approx 965 SF with roll‑up garage door bay, kitchenette, laundry, full bath, and a separate office/room in the rear showroom
- Dedicated parking for both units directly in front of #107; public water and public sewer
- Heating and cooling: central air and electric systems; X flood zone
Overview
The main-level unit includes a roll-up garage door bay for easier access and delivery, along with a kitchenette, laundry, a full bathroom, and a separate office/room in the rear of the main showroom. Dedicated parking for both units is located directly in front of #107.
The suite is part of Sylvan Lake Commercial Condos, an independent commercial condominium association managed privately by owners, with minimal monthly dues. The property is positioned in a commercial area on St. Simons Island behind Pierce & Parker furniture and across the street from St. Simons Storage. Nearby businesses include home improvement, contracting, and shipping/receiving with residential tenants above. Additional stated advantages include low taxes and insurance, and the property is in an X flood zone.
Local 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 | $34.2k | $17.40 |
| − Vacancy | −$7.5k | −$3.83 |
| EGI | $26.7k | $13.57 |
| − OpEx | −$6.7k | −$3.39 |
| NOI | $20.0k | $10.18 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Halyards Catering — 55 Cinema Ln, St Simons Island, GA 31522
- TasteBuds In-Home Catering — 201 Palmetto St, St Simons Island, GA 31522
Location Insight
- Map
- Local Demand
- City
- St Simons Island
- County
- Glynn
- State
- Georgia
- Longitude
- -81.378821
- Latitude
- 31.186683
