Warehouse Condo with Showroom
125 Sky Spaces Court St Simons Island, GA 31522
125 Sky Spaces Court, St Simons Island, GA, 31522
$289,000
Pending
For Sale
$289,000
Pending
COMMERCIAL - St. Simons Island, GA
Property Size1,066 SF
Days on Market116
Property Features for 125 Sky Spaces Court
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 2
- Appliances
- Electric Range
- Standard status
- Pending
- APN
- 04-15821
- Size
- 1,066 SF
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- Unit B-6 Skylane Spaces Condos
- Tax Annual Amount
- 969
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating), Wall Furnace
- Cooling system
- Central Air, Wall Unit(s), Electric
- Water source
- Public
Building Details
- Year built
- 2002
- Flooring type
- Carpet, Vinyl
- Building materials
- Metal Siding
- Roof type
- Metal
Listing agency
BHHS Hodnett Cooper Real Estate BWK
(912) 638-5450
Listed by
Stephanie Webb · License #245521
(912) 223-0604
Added: Mar 29 Updated: Jun 27 at 8:57AM Checked: Jul 22 at 12:06PM
MLS# 1660870
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.
Investment Insights
Based on property information with market context.
This commercial condo includes two front showroom-style rooms, each newly finished with commercial carpet squares, plus a bathroom. Through the entry, the warehouse area features an office with a door secured by keypad entry. The office area is approximately 468 SF, and the garage space is approximately 598 SF. A new 220V electrical panel box was installed in the garage. The garage also includes a 10-foot electric roll-up door and an AC unit.
The unit is part of a Sky lane Spaces Association with monthly dues of $300, which cover water/sewer, dumpster service, exterior and structural insurance, a mailbox kiosk, and common area parking lots. The property is located on the south end of St. Simons Island, and the listing notes that commercial availability is limited there.
This configuration is well-suited for an owner-operator or tenant needing both customer-facing space and functional warehouse/garage support. Recent upgrades include HVAC from 2025 and replacement of the garage door and opener in 2024, helping reduce near-term capital concerns for day-to-day operations.
The unit is part of a Sky lane Spaces Association with monthly dues of $300, which cover water/sewer, dumpster service, exterior and structural insurance, a mailbox kiosk, and common area parking lots. The property is located on the south end of St. Simons Island, and the listing notes that commercial availability is limited there.
This configuration is well-suited for an owner-operator or tenant needing both customer-facing space and functional warehouse/garage support. Recent upgrades include HVAC from 2025 and replacement of the garage door and opener in 2024, helping reduce near-term capital concerns for day-to-day operations.
Key Highlights
- Commercial condo with two front showroom‑style rooms and a bathroom
- Approx. 468 SF office with keypad‑entry door plus approx. 598 SF garage/warehouse space
- 10‑foot electric roll‑up door and AC unit in the garage
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 | $18.5k | $17.40 |
| − Vacancy | −$4.1k | −$3.83 |
| EGI | $14.5k | $13.57 |
| − OpEx | −$3.6k | −$3.39 |
| NOI | $10.9k | $10.18 |
1,066 SF · lease $17.40/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$155.0K
$135.6K – $180.9K
NOI $10,851 @ 7.0% cap · market cap 3.75%
Second Best
Warehouse
$90.7K
$79.4K – $105.8K
NOI $6,350 @ 7.0% cap · market cap 2.20%
Theoretical Best
Office A
$221.2K
$193.6K – $258.1K
NOI $15,487 @ 7.0% cap · market cap 5.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Southern Soul Catering — 100 Brunswick Ave, St Simons Island, GA 31522
- Tasteful Temptations Catering — 1902 Demere Rd, St Simons Island, GA 31522
FAQs
What type of property is this?
Flex space - Flex-style commercial condo with showroom rooms, an office, garage space, and a 10-foot electric roll-up door.
Where is this flex space located?
The property is located at 125 Sky Spaces Court St Simons Island, GA.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Commercial condo with two front showroom‑style rooms and a bathroom; Approx. 468 SF office with keypad‑entry door plus approx. 598 SF garage/warehouse space; 10‑foot electric roll‑up door and AC unit in the garage
