Multifamily Property with
For Sale
$1,725,000
110 Maghunt Way, Brunswick, GA 31525
The property offers multiple heat pump systems and attached garage parking.
Property Size10,820 SF
Price / SF$159.43
Days on Market48
Property Features for 110 Maghunt Way
General Information
Standard status
Active
Size
10,820 SF
Property subtype
Residential Income
Amenities
Heat Pump, Multi Units
Heat Pump
Attached, Driveway, On Street, Garage
Other
Building Details
Year Built
2008
Buildings
2
Stories
1
Listing Agency:
Berkshire HathawayHomeServices Hodnett Cooper Real Estate
Listed By:
Michael Giery · License #363349
(912) 638-5450
Source:
Evrealestate
Added: Aug 14
Changed: Sep 28
Last Checked: Sep 30 at 12:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire HathawayHomeServices Hodnett Cooper Real Estate
Investment Insights
Based on property information with market context.
This multifamily property contains 10,820 square feet and was built in 2008. Its heating equipment includes multiple heat pump units, and the property has an attached garage.
The address is 110 Maghunt Way in Brunswick, Glynn County, Georgia. Access is via Plantation Isles Boulevard, reached from Golden Isles Parkway near Highway 99.
The address is 110 Maghunt Way in Brunswick, Glynn County, Georgia. Access is via Plantation Isles Boulevard, reached from Golden Isles Parkway near Highway 99.
Key Highlights
- 10,820 square feet of property area
- Built in 2008
- Multiple heat pump units
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
$82,742
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
4.80%
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%
$1,654,840
$1.7M
Cap Rate 7%
$1,182,029
$1.2M
Cap Rate 9%
$919,356
$919.4K
Market Conditions
NOI Build-Up for 10,820 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
$159.7K $14.76/SF
− Vacancy
−$9.3K −$0.86/SF
EGI
$150.4K $13.90/SF
− OpEx
−$67.7K −$6.26/SF
NOI
$82.7K $7.65/SF
Area
Glynn County, GA
Vacancy
5.80%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
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%
$1,654,840
Cap Rate 7%
$1,182,029
Cap Rate 9%
$919,356
Alternative Uses
Best Use
Apartment 5plus
$1.18M
$1.03M – $1.38M
NOI $82,742 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.25M
$1.96M – $2.62M
NOI $157,189 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Explore this area
Business Placement
Demographics for 31525, GA
28,766
Population
12,373
Households
2.3
Avg Household Size
40
Median Age
22%
College-Educated
89%
High-School Grad
98.3 sq mi
ZIP Area
293
Density / Sq Mi
$65,896
Median Household Income
$37,145
Median Earnings
$1,137
Median Rent
$198,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - The property offers multiple heat pump systems and attached garage parking.
Where is this multifamily property located?
The property is located at 110 Maghunt Way Brunswick, GA.
What is the asking price?
The asking price for this property is $1,725,000.
What are key features of this property?
This property features: 10,820 square feet of property area; Built in 2008; Multiple heat pump units
