Warehouse Complex with Loading
For Sale
$1,350,000
400 Commerce Center Drive, Brunswick, GA 31523
Commercial Sale, Brunswick, GA
Property Size12,750 SF
Lot Size3.75 Acres
Price / SF$105.88
Days on Market139
Property Features for 400 Commerce Center Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
38
Subdivision
South Port
Directions
From exit 29 of I-95 travel west on US Hwy 17 to Martin Palmer Drive. Turn left on Martin Palmer and Commerce Center Drive is on the right. Look for sign.
Standard status
Active
APN
03-12662
Size
12,750 SF
Lot size
3.75 Acres
Taxes and HOA fees
Tax Description
Bldg. 400 Glynn Commerce Center Condo
Legal Description
Bldg. 400 Glynn Commerce Center Condo
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2008
Listing Agency:
Don Wright & Associates
(912) 638-4740
Listed By:
Don Wright · License #12088
(912) 222-0133
Added: Apr 16
Changed: Aug 19
Last Checked: Sep 1 at 10:06PM
MLS# 1661337
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 offering includes three warehouse buildings within the Glynn Commerce Center Commercial Condominiums. The available configurations include one building with multiple offices and two buildings arranged primarily for warehouse use. Each building is equipped with two roll-up loading doors, and parking is available at the properties. The improvements were constructed in 2008.
The complex is situated in the South Port Commercial/Industrial Park near Martin Palmer Road and I-95 Exit 29 in Brunswick, Georgia. Public water and public sewer serve the property. The available buildings are part of the Commerce Center Complex, providing a shared commercial setting for warehouse and office operations.
The complex is situated in the South Port Commercial/Industrial Park near Martin Palmer Road and I-95 Exit 29 in Brunswick, Georgia. Public water and public sewer serve the property. The available buildings are part of the Commerce Center Complex, providing a shared commercial setting for warehouse and office operations.
Key Highlights
- Three warehouse buildings available within Glynn Commerce Center Commercial Condominiums
- One building includes multiple offices; two are primarily warehouse space
- Each building has two roll‑up loading doors
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
$75,954
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
5.63%
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%
$1,519,080
$1.5M
Cap Rate 7%
$1,085,057
$1.1M
Cap Rate 9%
$843,933
$843.9K
Market Conditions
NOI Build-Up for 12,750 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
$94.9K $7.44/SF
− Vacancy
−$5.5K −$0.43/SF
EGI
$89.4K $7.01/SF
− OpEx
−$13.4K −$1.05/SF
NOI
$76.0K $5.96/SF
Area
Glynn County, GA
Vacancy
5.80%
Lease Rate
$7.44 /SF/Yr
Expense Ratio
15.00%
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%
$1,519,080
Cap Rate 7%
$1,085,057
Cap Rate 9%
$843,933
Alternative Uses
Best Use
Warehouse
$1.09M
$949.4K – $1.27M
NOI $75,954 @ 7.0% cap · market cap 5.63%
Second Best
Flex RnD
$978.2K
$855.9K – $1.14M
NOI $68,471 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$2.65M
$2.32M – $3.09M
NOI $185,228 @ 7.0% cap · market cap 13.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
Well-served
Demand for This Use
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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Multiple warehouse buildings offer office and open storage configurations with on-site parking and public utilities.
Where is this warehouse located?
The property is located at 400 Commerce Center Drive Brunswick, GA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Three warehouse buildings available within Glynn Commerce Center Commercial Condominiums; One building includes multiple offices; two are primarily warehouse space; Each building has two roll‑up loading doors
