Restaurant Building with Updated Roof and
For Sale
$229,900
1209 L Street, Brunswick, GA 31520
COMMERCIAL - Brunswick, GA
Property Size1,066 SF
Lot Size0.11 Acres
Price / SF$215.67
Days on Market160
Property Features for 1209 L Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
8
Fencing
Barbed Wire
Accessibility
Accessible Approach with Ramp
Subdivision
Town Commons
Directions
Albany Street to L. Street property on the corner.
Standard status
Active
APN
01-03523
Size
1,066 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2020
Tax Description
135 E 82 FT. T C
Tax Annual Amount
667
Legal Description
135 E 82 FT. T C
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1996
Floors in Building
1
Number of units
2
Building materials
Stucco
Roof type
Metal
Additional Structures
Storage
Listing Agency:
Rawls Realty
(912) 450-1800
Listed By:
Karen Polite · License #360490
(912) 242-8565
Added: Mar 11
Changed: Aug 4
Last Checked: Aug 17 at 6:06PM
MLS# 1659595
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 centrally located restaurant building at 1209 L Street in Brunswick is ready for its next owner. The property was built in 1996 with stucco construction and a metal roof. The existing restaurant layout is suited as a foundation for a new dining concept, catering business, or other food service operation.
Major systems have already been updated: the roof, HVAC, and kitchen vent hood system are approximately 5.5 years old, which may help reduce near-term capital expenditures. Accessibility is supported with an accessible approach and ramp. The building is heated with a heat pump and electric heating, and cooled with central air and electric cooling.
Utilities include public water and public sewer, with cable available. The seller is also open to owner financing, which can provide additional flexibility for qualified buyers.
Major systems have already been updated: the roof, HVAC, and kitchen vent hood system are approximately 5.5 years old, which may help reduce near-term capital expenditures. Accessibility is supported with an accessible approach and ramp. The building is heated with a heat pump and electric heating, and cooled with central air and electric cooling.
Utilities include public water and public sewer, with cable available. The seller is also open to owner financing, which can provide additional flexibility for qualified buyers.
Key Highlights
- Approx. 5.5‑year‑old roof, HVAC, and kitchen vent hood system
- Existing restaurant layout for dining or food service concepts
- 1,066 SF restaurant building on 0.11 acres
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
$10,462
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
4.55%
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%
$209,240
$209.2K
Cap Rate 7%
$149,457
$149.5K
Cap Rate 9%
$116,244
$116.2K
Market Conditions
NOI Build-Up for 1,066 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
$15.0K $14.04/SF
− Vacancy
−$1.0K −$0.95/SF
EGI
$13.9K $13.09/SF
− OpEx
−$3.5K −$3.27/SF
NOI
$10.5K $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%
$209,240
Cap Rate 7%
$149,457
Cap Rate 9%
$116,244
Alternative Uses
Best Use
Specialty Retail
$149.5K
$130.8K – $174.4K
NOI $10,462 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$221.2K
$193.6K – $258.1K
NOI $15,487 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
635
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.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Small-footprint restaurant building with central air and an accessible ramp for customer entry.
Where is this conventional restaurant located?
The property is located at 1209 L Street Brunswick, GA.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Approx. 5.5‑year‑old roof, HVAC, and kitchen vent hood system; Existing restaurant layout for dining or food service concepts; 1,066 SF restaurant building on 0.11 acres
