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    Brunswick Flex Warehouse with Offices Title is generated by Realmo AI

    114 Newman Drive, Brunswick, GA 31520

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    For Lease
    $6,050/Mo $11 SF/Yr (calc)

    COMMERCIAL - Brunswick, GA

    Property size:
    6,600 SF
    Lot size:
    0.64 Acres
    Added:
    Jan 2, 2026
    Days on Market:
    131
    Last Refresh:
    May 13 at 9:06 pm

    Property Features for 114 Newman Drive

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking
    20
    Standard status
    Active
    APN
    03-13812
    Size
    6,600 SF
    Lot size
    0.64 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    .6378 AC COMMUNITY COMM & IND PARK
    Tax Annual Amount
    1665

    We can help!

    Listing Contact
    Lucas Jackson

    Listing agent Lucas Jackson License #429913

    Listing office Phoenix Realty Group 561 Ocean Blvd, GA

    Listing date Jan 2, 2026

    MLS# 1658662

    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

    • Centrally located in Glynn County with convenient access to key locations.
    • Flex warehouse space with approximately 4,150 SF of insulated warehouse and 2,450 SF of office space.
    • Includes a fenced lay‑down yard suitable for equipment and truck parking.
    • Features two grade level roll‑up doors (12'x12' and 16'x12').
    • Office space includes five private offices, a reception area, and two bathrooms (one with a shower).
    • Equipped with 3‑phase power and city water and sewer.

    Overview

    This flex warehouse, available for lease, offers approximately 6,600 square feet in Glynn County. The property is centrally located, providing convenient access to the Port of Brunswick, Downtown Brunswick, Saint Simons, Sea Island, and Jekyll Island. The building includes approximately 4,150 square feet of insulated warehouse space and 2,450 square feet of office space. The office area features five private offices, a reception area, and two bathrooms, including one with a shower. The warehouse has two grade-level roll-up doors, one measuring 12'x12' and the other 16'x12'. Ceiling heights range from 14 to 16 feet. The property is equipped with 3-phase power, city water, and sewer services. Exterior improvements include a fenced lay-down yard suitable for equipment and truck parking. This property offers a blend of office, warehouse, and secured outdoor storage in a Central Glynn County location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Centurion Stone of Coastal ... Building Supply

    Suggested Use

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

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

    Similar Places Nearby

    • Spence Anderson Food Services — 3451 Cypress Mill Rd, Brunswick, GA 31520
    • Southern Fancy — 131 Sweet Gum Dr, Brunswick, GA 31520

    Location Insight

    • Map
    • Local Demand
    City
    Brunswick
    County
    Glynn
    State
    Georgia
    Longitude
    -81.495868
    Latitude
    31.19742

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    FAQs

    What type of property is this?
    Flex space - 6,600 SF flex warehouse with office and fenced yard.
    Where is this flex space located?
    The property is located at 114 Newman Drive Brunswick, GA.
    What is the lease rate?
    The lease rate is $6,050 /Mo.
    What are key features of this property?
    This property features: Centrally located in Glynn County with convenient access to key locations.; Flex warehouse space with approximately 4,150 SF of insulated warehouse and 2,450 SF of office space.; Includes a fenced lay‑down yard suitable for equipment and truck parking.
    (912) 268-4069
    We can help!
    Listing Contact
    Lucas Jackson
    Real Estate License ID: 429913
    Learn More
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    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.

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