Flex Warehouse with Fenced
For Sale
Contact for pricing
114 Newman Drive, Brunswick, GA 31520
Office and warehouse areas are paired with secured outdoor storage and three-phase power.
Property Size6,600 SF
Price / SF$0.92
Days on Market306
Property Features for 114 Newman Drive
General Information
Standard status
Active
Size
6,600 SF
Property subtype
Commercial
Additional Details
Utilities to Site
Yes
Amenities
secured outdoor storage
Building Details
Buildings
1
Listing Agency:
Keller Williams Realty Golden Isles
Listed By:
Michael Heiser · License #373759
(912) 689-3421
Source:
Heiserrealestategroup
Added: Jan 2
Changed: Oct 31
Last Checked: Oct 31 at 2:40PM
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 Keller Williams Realty Golden Isles
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Investment Insights
Based on property information with market context.
At 114 Newman Drive in Brunswick, this flex property contains approximately 6,600 SF, with 4,150 SF of insulated warehouse area and 2,450 SF of office space. The office portion has five private offices, a reception area, and two bathrooms, including one with a shower. Warehouse access is provided by two grade-level roll-up doors measuring 12’x12’ and 16’x12’; ceiling heights range from 14’–16’. The building also has 3-phase power and city water and sewer.
A fenced outdoor lay-down area provides space for equipment and truck parking. The property is in Glynn County, with access to the Port of Brunswick, Downtown Brunswick, Saint Simons, Sea Island, and Jekyll Island.
A fenced outdoor lay-down area provides space for equipment and truck parking. The property is in Glynn County, with access to the Port of Brunswick, Downtown Brunswick, Saint Simons, Sea Island, and Jekyll Island.
Key Highlights
- Approximately 6,600 SF, including 4,150 SF of insulated warehouse and 2,450 SF of office space
- Five private offices, a reception area, and two bathrooms; one bathroom includes a shower
- Two grade‑level roll‑up doors: 12’x12’ and 16’x12’
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,065
Suggested Prices Based on Cap Rates
Cap Rate 5%
$601,300
$601.3K
Cap Rate 7%
$429,500
$429.5K
Cap Rate 9%
$334,056
$334.1K
Market Conditions
NOI Build-Up for 6,600 SF
Gross rent
$45.9K $6.96/SF
− Vacancy
−$3.0K −$0.45/SF
EGI
$43.0K $6.51/SF
− OpEx
−$12.9K −$1.95/SF
NOI
$30.1K $4.56/SF
Area
Glynn County, GA
Vacancy
6.50%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$601,300
Cap Rate 7%
$429,500
Cap Rate 9%
$334,056
Alternative Uses
Best Use
Warehouse
$561.7K
$491.5K – $655.3K
NOI $39,318 @ 7.0% cap · market cap 649.88%
Second Best
Flex RnD
$506.3K
$443.1K – $590.7K
NOI $35,444 @ 7.0% cap · market cap 585.85%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,883 @ 7.0% cap · market cap 1,584.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
482
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 31520, GA
22,726
Population
10,619
Households
2.1
Avg Household Size
39
Median Age
16%
College-Educated
84%
High-School Grad
20.1 sq mi
ZIP Area
1,131
Density / Sq Mi
$37,652
Median Household Income
$26,292
Median Earnings
$936
Median Rent
$135,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Spence Anderson Food Services — 3451 Cypress Mill Rd, Brunswick, GA 31520
- Southern Fancy — 131 Sweet Gum Dr, Brunswick, GA 31520
Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse areas are paired with secured outdoor storage and three-phase power.
Where is this flex space located?
The property is located at 114 Newman Drive Brunswick, GA.
What are key features of this property?
This property features: Approximately 6,600 SF, including 4,150 SF of insulated warehouse and 2,450 SF of office space; Five private offices, a reception area, and two bathrooms; one bathroom includes a shower; Two grade‑level roll‑up doors: 12’x12’ and 16’x12’
