Commercial Land with Highway
For Sale
$325,000
355 Blythe Island Drive, Brunswick, GA 31523
COMMERCIAL - Brunswick, GA
Property Size1,562 SF
Lot Size1.00 Acre
Price / SF$208.07
Days on Market275
Property Features for 355 Blythe Island Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
2
Appliances
Range, Refrigerator
Subdivision
Blythe Village
Directions
Take GA-303 to Blythe Island, make a left onto Blythe Island Dr., destination will be on the right.
Standard status
Active
APN
03-06844
Size
1,562 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Year
2023
Tax Description
LOT 58 BLYTHE ISLAND
Tax Annual Amount
1246
Legal Description
LOT 58 BLYTHE ISLAND
Utilities
Sewer type
Septic Tank
Water source
Well, Private
Building Details
Year built
1946
Number of units
1
Building materials
Block
Roof type
Composition
Listing Agency:
Coldwell Banker Access Realty BWK · Coldwell Banker Real Estate
(912) 267-0054
Listed By:
Lori Lynn · License #357837
(912) 202-2200
Added: Nov 10, 2025
Changed: Aug 4
Last Checked: Aug 12 at 7:06PM
MLS# 1657796
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.
Commercial land located at 355 Blythe Island Drive on Blythe Island Highway in Brunswick, GA (31523). The site is 1.07 acres and offers over 200 feet of highway frontage, providing direct visibility for prospective retail or office users. The property is zoned Highway Commercial.
An existing 1,500-square-foot block building on the lot includes a full kitchen and bathroom. The site has an established well and septic system, and a concrete pad is in place to support future expansion. The roof is described as composition.
Additional onsite details include appliances such as a range and refrigerator. With a highway-fronting layout and utility services already in place, the property may support a range of commercial development needs consistent with the Highway Commercial zoning.
An existing 1,500-square-foot block building on the lot includes a full kitchen and bathroom. The site has an established well and septic system, and a concrete pad is in place to support future expansion. The roof is described as composition.
Additional onsite details include appliances such as a range and refrigerator. With a highway-fronting layout and utility services already in place, the property may support a range of commercial development needs consistent with the Highway Commercial zoning.
Key Highlights
- 1.07‑acre commercial lot on Blythe Island Highway
- Over 200 feet of highway frontage
- Zoned Highway Commercial
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
$13,655
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
4.20%
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%
$273,100
$273.1K
Cap Rate 7%
$195,071
$195.1K
Cap Rate 9%
$151,722
$151.7K
Market Conditions
NOI Build-Up for 1,562 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
$21.6K $13.80/SF
− Vacancy
−$2.0K −$1.31/SF
EGI
$19.5K $12.49/SF
− OpEx
−$5.9K −$3.75/SF
NOI
$13.7K $8.74/SF
Area
Glynn County, GA
Vacancy
9.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
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%
$273,100
Cap Rate 7%
$195,071
Cap Rate 9%
$151,722
Alternative Uses
Best Use
Retail
$195.1K
$170.7K – $227.6K
NOI $13,655 @ 7.0% cap · market cap 4.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$324.2K
$283.7K – $378.2K
NOI $22,692 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Explore this area
Business Placement
Demographics for 31523, GA
14,803
Population
5,773
Households
2.6
Avg Household Size
42
Median Age
28%
College-Educated
90%
High-School Grad
191.5 sq mi
ZIP Area
77
Density / Sq Mi
$90,148
Median Household Income
$50,684
Median Earnings
$1,023
Median Rent
$276,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Commercial land along Blythe Island Highway, zoned Highway Commercial, with well and septic and an existing 1,500 SF building.
Where is this commercial land located?
The property is located at 355 Blythe Island Drive Brunswick, GA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1.07‑acre commercial lot on Blythe Island Highway; Over 200 feet of highway frontage; Zoned Highway Commercial
