Brick
New
For Sale
$199,900
118 S Palm Drive, Brunswick, GA 31525
Residential, Brunswick, GA
Property Size1,832 SF
Lot Size0.23 Acres
Price / SF$109.12
Days on Market3
Property Features for 118 S Palm Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 4
Parking features
Driveway
Patio and Porch features
Porch
Interior features
Ceiling Fan(s), Tub/Shower Combo, Primary on First Floor, Primary Suite
Appliances
Dishwasher, Oven, Range, Refrigerator
Subdivision
Country Club Heights
Lot features
Back Yard, Cleared, Level, Private
Elementary school
Altama
Middle school
Needwood Middle School
High school
Brunswick High School
Directions
From Hwy 17, take S Palm Drive. Home will be on your left.
Standard status
Active
APN
0309337
Size
1,832 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Description
LOT #11 SOUTH PALM
Legal Description
LOT #11 SOUTH PALM
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Amenities
laundry room
Building Details
Year built
1985
Flooring type
Laminate, Carpet
Building materials
Brick
Roof type
Shingle
Listing Agency:
Duckworth Properties BWK
(912) 262-0366
Listed By:
LeAnn Duckworth · License #245963
(912) 266-7675
Added: Sep 25
Last Checked: Sep 27 at 12:06PM
MLS# 2002715
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.
Built in 1985, this brick duplex contains 1,832 square feet on a 0.23-acre lot. Each residence has two bedrooms, one bathroom, a living room, kitchen, and laundry room. One unit is substantially finished, with carpet and a kitchen equipped with a range, oven, refrigerator, and dishwasher. The other is in shell condition and requires completion.
Key Highlights
- 1,832‑square‑foot duplex on a 0.23‑acre lot
- Brick construction; built in 1985
- Two residences, each with 2 bedrooms and 1 bathroom
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
$15,108
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
7.56%
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%
$302,160
$302.2K
Cap Rate 7%
$215,829
$215.8K
Cap Rate 9%
$167,867
$167.9K
Market Conditions
NOI Build-Up for 1,832 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
$23.1K $12.60/SF
− Vacancy
−$1.5K −$0.82/SF
EGI
$21.6K $11.78/SF
− OpEx
−$6.5K −$3.53/SF
NOI
$15.1K $8.25/SF
Area
Glynn County, GA
Vacancy
6.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
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%
$302,160
Cap Rate 7%
$215,829
Cap Rate 9%
$167,867
Alternative Uses
Best Use
Multifamily LT 5
$215.8K
$188.9K – $251.8K
NOI $15,108 @ 7.0% cap · market cap 7.56%
Second Best
Apartment 5plus
$200.1K
$175.1K – $233.5K
NOI $14,010 @ 7.0% cap · market cap 7.01%
Theoretical Best
Office A
$380.2K
$332.7K – $443.6K
NOI $26,615 @ 7.0% cap · market cap 13.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
279
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - One residence is substantially complete, while the other remains in shell condition for interior completion.
Where is this duplex located?
The property is located at 118 S Palm Drive Brunswick, GA.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 1,832‑square‑foot duplex on a 0.23‑acre lot; Brick construction; built in 1985; Two residences, each with 2 bedrooms and 1 bathroom
