Brick Medical Office
For Sale
$445,000
2310 Heron Street, Brunswick, GA 31520
Commercial Sale, Brunswick, GA
Property Size2,417 SF
Lot Size0.24 Acres
Price / SF$184.11
Days on Market189
Property Features for 2310 Heron Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
20
Appliances
Microwave, Refrigerator
Subdivision
Goodyear Park
Directions
Parkwood Drive to E. Park Ave to Heron Drive
Standard status
Active
APN
01-05855
Size
2,417 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
01-05855
Tax Annual Amount
2981
Legal Description
01-05855
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central, Forced Air
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1955
Floors in Building
1
Number of units
1
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Asphalt
Listing Agency:
Engel & Volkers Golden Isles
(912) 634-0595
Listed By:
Mary Douthit · License #145483
(404) 312-1063
Added: Mar 6
Changed: Sep 8
Last Checked: Sep 11 at 7:06AM
MLS# 1660171
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 2,417-square-foot medical office building sits on a 0.24-acre lot and has a four-sided brick exterior. The existing layout includes a large reception area, waiting room, three exam rooms, a surgery room, two private offices, kitchen, two bathrooms, and storage rooms. Tile and hardwood flooring are paired with central air, central forced-air heating, electric systems, and an asphalt roof. A microwave and refrigerator are included.
The property is located next to Southeast Georgia Health System/Brunswick Hospital in Brunswick, Georgia. Public water and public sewer serve the building, and cable is available. Built in 1955, the property is currently arranged for private medical practice use.
The property is located next to Southeast Georgia Health System/Brunswick Hospital in Brunswick, Georgia. Public water and public sewer serve the building, and cable is available. Built in 1955, the property is currently arranged for private medical practice use.
Key Highlights
- 2,417 SF medical office building on a 0.24‑acre lot
- Four‑sided brick construction with asphalt roof
- Large reception area and dedicated waiting room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,603
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$492,060
$492.1K
Cap Rate 7%
$351,471
$351.5K
Cap Rate 9%
$273,367
$273.4K
Market Conditions
NOI Build-Up for 2,417 SF
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.
Gross rent
$42.1K $17.40/SF
− Vacancy
−$9.3K −$3.83/SF
EGI
$32.8K $13.57/SF
− OpEx
−$8.2K −$3.39/SF
NOI
$24.6K $10.18/SF
Area
Glynn County, GA
Vacancy
22.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$492,060
Cap Rate 7%
$351,471
Cap Rate 9%
$273,367
Alternative Uses
Best Use
Office B
$351.5K
$307.5K – $410.1K
NOI $24,603 @ 7.0% cap · market cap 5.53%
Second Best
Healthcare Medical
$316.0K
$276.5K – $368.6K
NOI $22,117 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$501.6K
$438.9K – $585.2K
NOI $35,113 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
884
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 31520, GA
22,726
Population
10,619
Households
2.1
Avg Household Size
39
Median Age
16%
College-Educated
84%
High-School Grad
20.1 sq mi
ZIP Area
1,131
Density / Sq Mi
$37,652
Median Household Income
$26,292
Median Earnings
$936
Median Rent
$135,100
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured for outpatient care with reception, treatment rooms, private offices, and support areas.
Where is this medical office space located?
The property is located at 2310 Heron Street Brunswick, GA.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: 2,417 SF medical office building on a 0.24‑acre lot; Four‑sided brick construction with asphalt roof; Large reception area and dedicated waiting room
