Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Brunswick Office Suite For Sale Title is generated by Realmo AI

    4216 & 4220 Coral Park Drive, Brunswick, GA 31520

    View on Map
    Claim this Listing
    Picture of Office Units at 4216 & 4220 Coral Park Drive, Brunswick, GA
    For Sale
    $459,000

    COMMERCIAL - Brunswick, GA

    Property size:
    4,000 SF
    Price / SF:
    $114/SF
    Added:
    Dec 9, 2022
    Days on Market:
    1271
    Last Refresh:
    Jun 2 at 2:06 pm

    Property Features for 4216 & 4220 Coral Park Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking
    20
    Standard status
    Active
    APN
    01-07319
    Size
    4,000 SF

    Taxes and HOA fees

    Tax Description
    Unit B1 & B2 Coral Park Condos

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating)
    Cooling system
    Heat Pump
    Water source
    Public

    We can help!

    Listing Contact
    Don Wright

    Listing agent Don Wright License #12088

    Listing office Don Wright & Associates PO Box 30608, Sea Island, GA

    Listing date Dec 9, 2022

    MLS# 1637547

    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.

    HighLights

    • Fully leased 4,000 SF office suite provides immediate income.
    • Located in Brunswick, GA, serving the Golden Isles area.
    • Configured as 11 individual office suites.
    • No condominium association fees.
    • Part of Coral Park Commercial Condominiums.
    • Equipped with heat pump for both heating and cooling.

    Overview

    This 4,000 SF office suite is a fully leased income property. It comprises units B1 and B2 of the Coral Park Commercial Condominiums, but there are no condominium association fees. The property is built out as 11 office suites and is located in Brunswick, GA, serving the Golden Isles area of Coastal Georgia.

    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 $69.6k $17.40
    − Vacancy −$15.3k −$3.83
    EGI $54.3k $13.57
    − OpEx −$13.6k −$3.39
    NOI $40.7k $10.18
    4,000 SF · lease $17.40/SF/yr · vacancy 22.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $581.7K
    $509.0K – $678.6K (±1% cap)
    NOI $40,716 @ 7.0% cap · market cap 8.87%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $830.2K
    $726.4K – $968.5K (±1% cap)
    NOI $58,111 @ 7.0% cap · market cap 12.66%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Susenbach Group Counselor Professional Case Management ... Home Health Care Service The Shell Agency Real Estate Agency Sea of Serenity Massage Alternative Medicine Practice Malinda Graham & Associates Family Counselor

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brunswick
    County
    Glynn
    State
    Georgia
    Longitude
    -81.479338
    Latitude
    31.192018

    Nearby Similar for Sale

    • $590,000
      2,950 SF

      Brunswick Commercial Office For Sale

      2,950 SF commercial office near Glynn County Courthouse.
      1600 Union Street, Brunswick, GA 31520
      View Details
    • $1,350,000
      11,396 SF

      Brunswick Commercial Building For Sale

      11,396 SF building on 1.65 acres near hospital.
      2228 Starling Street, Brunswick, GA 31520
      View Details
    • $560,000
      2,780 SF

      Brunswick Commercial Property For Sale

      2,780 SF commercial building on 0.52 acres in Brunswick.
      3460 Cypress Mill Road, Brunswick, GA 31520
      View Details
    • $519,900
      4,344 SF

      Historic Brunswick Multifamily Investment Opportunity

      Charming, income-producing multifamily property in Brunswick's Historic District.
      1416 Lee Street, Brunswick, GA 31520
      View Details
    • $1,100,000
      4,800 SF

      Downtown Brunswick Commercial Building For Sale

      Two-story commercial building in downtown Brunswick with recent upgrades.
      1522 Richmond Street, Brunswick, GA 31520
      View Details
    • $895,000
      10,000 SF

      Brunswick Commercial Building For Sale

      10,000 SF commercial building with ample parking.
      111 Center Drive, Brunswick, GA 31520
      View Details
    • $1,475,000
      5,275 SF

      Medical Office Building Near Hospital

      New 5,275 SF medical office space for sale.
      2903 Kemble Avenue, Brunswick, GA 31520
      View Details
    • $1,775,000
      9,968 SF

      Modern Office and Warehouse Facility

      Commercial property with office and warehouse space on 2.82 acres.
      1025 Commercial Drive, Brunswick, GA 31525
      View Details
    • $1,900,000
      10,000 SF

      New Industrial Commerce Park

      Modern industrial space with flexible layouts and unbeatable regional access.
      18 Eastgate Drive, Brunswick, GA 31525
      View Details
    • $459,000
      2,417 SF

      Medical Office Near Hospital

      Commercial building suitable for medical practice near Southeast Georgia Health
      2310 Heron Street, Brunswick, GA 31520
      View Details
    • $1,350,000
      12,750 SF

      Commerce Center Warehouses For Sale

      Commercial warehouses in Brunswick's Commerce Center Complex available for purchase.
      400 Commerce Center Drive, Brunswick, GA 31523
      View Details
    • $142,000
      972 SF

      Storefront Near Altamaha Park

      Commercial property near Altamaha Park with many possibilities.
      245 Altamaha Park Road, Brunswick, GA 31525
      View Details

    FAQs

    What type of property is this?
    Office units - 4,000 SF office suite in Brunswick, GA.
    Where is this office units located?
    The property is located at 4216 & 4220 Coral Park Drive Brunswick, GA.
    What is the asking price?
    The asking price for this property is $459,000.
    What are key features of this property?
    This property features: Fully leased 4,000 SF office suite provides immediate income.; Located in Brunswick, GA, serving the Golden Isles area.; Configured as 11 individual office suites.
    (912) 222-0133
    We can help!
    Listing Contact
    Don Wright
    Real Estate License ID: 12088
    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

    Thank You for Inquiry
    4216 & 4220 Coral Park Drive, Brunswick, GA 31520
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!