Add Listing
    For Sale
    • 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

    302 Redfern Village Drive St Simons Island, GA 31522

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $979,000

    COMMERCIAL - St Simons Island, GA

    Property size:
    2,200 SF
    Lot size:
    0.30 Acres
    Added:
    Mar 12, 2026
    Days on Market:
    38
    Last Refresh:
    Apr 18 at 11:06 am

    Property Features for 302 Redfern Village Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking
    5
    Standard status
    Active
    APN
    0402805
    Size
    2,200 SF
    Lot size
    0.30 Acres

    Taxes and HOA fees

    Tax Description
    LOT 2-B REDFERN VIL

    We can help!

    Listing Contact
    Stephanie Carey

    Listing agent Stephanie Carey

    Listing office Liberty Realty Group LLC 261 Redfern Village, Marietta, GA

    Listing date Mar 12, 2026

    MLS# 1660434

    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.

    Overview

    Commercial Property in Redfern Village

    This commercial property is located in the Redfern Village area of St. Simons Island, Georgia. The property has a size of 2200 square feet and is situated on a 0.3-acre lot. Redfern Village is known as a high-traffic area within St. Simons Island, offering significant visibility and accessibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Map

    City
    St Simons Island
    County
    Glynn
    State
    Georgia
    Longitude
    -81.3711
    Latitude
    31.218

    Nearby Similar for Sale

    • $399,000
      1,965 SF

      Versatile Commercial Condo with Dual Units

      Commercial condo with two units, ideal for live/work or investment.
      107 Center Street, St Simons Island, GA 31522
      View Details
    • $299,900
      1,066 SF

      St. Simons Island Commercial Condo

      Commercial condo with showroom, office, and warehouse space.
      125 Sky Spaces Court, St Simons Island, GA 31522
      View Details
    • $995,000

      St. Simons Island Office Building

      3,000 sq. ft. professional office in prime location.
      110 Island Professional Park, St Simons Island, GA 31522
      View Details
    • $782,000
      1,650 SF

      St. Simons Island Retail Space

      Commercial retail space on high-traffic road, St. Simons Island.
      3415 Frederica Road, St Simons Island, GA 31522
      View Details
    • $470,625
      1,087 SF

      Retail Space in Redfern Village

      Retail space in a sought-after St Simons Island location.
      256 Redfern Village Drive, St Simons Island, GA 31522
      View Details
    • $1,845,000
      4,367 SF

      St Simons Island Commercial Building

      Commercial building in high-traffic area on St. Simons Island.
      224 - 227 Redfern Village Drive, St Simons Island, GA 31522
      View Details
    • $1,845,000
      4,365 SF

      St. Simons Island Commercial Property

      Commercial property in high-traffic area with long-standing tenants.
      220 - 223 Redfern Village Drive, St Simons Island, GA 31522
      View Details
    • $2,200,000
      5,791 SF

      St. Simons Mixed-Use Opportunity

      Prime commercial property with restaurant and office space in St. Simons.
      228 Redfern Village Drive, St Simons Island, GA 31522
      View Details
    • $1,100,000
      2,174 SF

      St. Simons Island Commercial Property

      Commercial property in high traffic area of St. Simons Island.
      269 Redfern Village Drive, St Simons Island, GA 31522
      View Details
    • $3,990,000
      8,000 SF

      St. Simons Island Car Wash

      Car wash, laundromat, and dog wash on 1.34 acres.
      2801 Demere Rd, St. Simons Island, GA 31522
      View Details
    • $2,500,000
      5,227 SF

      Restaurant Opportunity in Pier Village

      Restaurant for sale in the Golden Isles Pier village.
      115 Mallery St, St Simons Island, GA 31522
      View Details
    • $325,000
      3,300 SF

      St. Simons Island Office Condo

      Commercial condo located in a busy shopping area.
      1700 Frederica Road unit: 91, St Simons Island, GA 31522
      View Details

    FAQs

    What type of property is this?
    Specialty property - Commercial property in high-traffic Redfern Village area of St. Simons.
    Where is this specialty property located?
    The property is located at 302 Redfern Village Drive St Simons Island, GA.
    What is the asking price?
    The asking price for this property is $979,000.
    What are key features of this property?
    This property features: Commercial property in high‑traffic Redfern Village; Exceptional opportunity; St. Simons Island location
    (912) 634-2880
    We can help!
    Listing Contact
    Stephanie Carey
    Learn More
    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.
    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.
    Sign Up Successful!
    You now have access to more from Realmo!