Leased Brick Convenience
For Sale
$585,000
1209 & 1211 Gloucester Street, Brunswick, GA 31520
Commercial Sale, Brunswick, GA
Property Size2,780 SF
Lot Size0.10 Acres
Price / SF$210.43
Days on Market180
Property Features for 1209 & 1211 Gloucester Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
6
Subdivision
Old Town
Directions
From US Highway 17 take Gloucester Street to downtown Brunswick. Property fronts on Gloucester Street at the corner of Albany Street.
Standard status
Active
APN
0102087
Size
2,780 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Description
Glynn Co parcel ID 0102087
Legal Description
Glynn Co parcel ID 0102087
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1950
Building materials
Brick
Listing Agency:
Don Wright & Associates
(912) 638-4740
Listed By:
Don Wright · License #12088
(912) 222-0133
Added: Feb 26
Changed: Aug 19
Last Checked: Aug 25 at 2:06PM
MLS# 1660056
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.
This 2,780-square-foot brick commercial building occupies a 0.1-acre site and is currently leased to a convenience store and deli. The property was built in 1950 and has received a new roof, HVAC system, wiring, and plumbing. Public water and public sewer serve the building.
The property sits at the corner of Gloucester Street and Albany Street in historic downtown Brunswick, next to a Brunswick Fire Department station. Diagonal parking is available along the Albany Street side, supporting customer access to the existing retail operation.
The property sits at the corner of Gloucester Street and Albany Street in historic downtown Brunswick, next to a Brunswick Fire Department station. Diagonal parking is available along the Albany Street side, supporting customer access to the existing retail operation.
Key Highlights
- 2,780 SF brick commercial building on a 0.1‑acre site
- Currently leased to a convenience store and deli
- New roof, HVAC, wiring, and plumbing
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
$27,283
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
4.66%
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%
$545,660
$545.7K
Cap Rate 7%
$389,757
$389.8K
Cap Rate 9%
$303,144
$303.1K
Market Conditions
NOI Build-Up for 2,780 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
$39.0K $14.04/SF
− Vacancy
−$2.7K −$0.95/SF
EGI
$36.4K $13.09/SF
− OpEx
−$9.1K −$3.27/SF
NOI
$27.3K $9.81/SF
Area
Glynn County, GA
Vacancy
6.80%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
25.00%
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%
$545,660
Cap Rate 7%
$389,757
Cap Rate 9%
$303,144
Alternative Uses
Best Use
Specialty Retail
$389.8K
$341.0K – $454.7K
NOI $27,283 @ 7.0% cap · market cap 4.66%
Second Best
Retail
$347.2K
$303.8K – $405.1K
NOI $24,304 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$577.0K
$504.8K – $673.1K
NOI $40,387 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,251
Businesses Nearby
Under-served
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Adams Meat Market — 1700 Norwich St #6449, Brunswick, GA 31520
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Corner building with updated major systems and an existing convenience store and deli lease.
Where is this grocery and convenience store located?
The property is located at 1209 & 1211 Gloucester Street Brunswick, GA.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 2,780 SF brick commercial building on a 0.1‑acre site; Currently leased to a convenience store and deli; New roof, HVAC, wiring, and plumbing
