Two-Story Office
For Sale
$990,000
1522 Richmond Street Brunswick, Brunswick, GA 31520
Two-story masonry and steel office building with separate entrances for each floor and rooftop solar installed.
Property Size4,800 SF
Price / SF$206.25
Days on Market31
Property Features for 1522 Richmond Street Brunswick
General Information
Standard status
Active
Size
4,800 SF
Total Parking Spaces
9
Additional Details
Sprinkler System
Yes
Amenities
true
Agent
Square Feet
City Lot
Public
6751.8
0.155
Public Records
Parking Lot
4800
Building Details
Building Size
4,800 SF
Year Built
1950
Stories
2
Listing Agency:
Driggers Commercial Group Inc.
(706) 480-5310
Listed By:
Maralee Ray · License #278693
(706) 480-5310
Source:
Thesoldsquad
Added: Jun 30
Changed: Jul 20
Last Checked: Jul 20 at 7:21PM
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 Driggers Commercial Group Inc.
Investment Insights
Based on property information with market context.
Two-story masonry and steel office building with separate entrances for each floor. The property has fire sprinklers, large windows designed to provide strong natural light, and attractive interior finishes. There are three power meters servicing the building. HVAC systems have been replaced within the past five years, a new roof coating was installed, and windows were re-glazed last year. Rooftop solar has also been installed, and the seller reports substantial power-cost reductions.
The building is located in downtown Brunswick, Georgia, just behind the historic Ritz Theater, with nearby restaurants, banks, shops, and other offices within walking distance. On-site parking includes nine spaces, plus additional street parking.
Tenancy structure provides optionality: ground floor currently has month-to-month office tenants who may remain or may vacate, while the upper level is owner-occupied and has served as law and architecture offices over the years. The property can be sold either as 100% vacant or with the ground floor tenants remaining.
The building is located in downtown Brunswick, Georgia, just behind the historic Ritz Theater, with nearby restaurants, banks, shops, and other offices within walking distance. On-site parking includes nine spaces, plus additional street parking.
Tenancy structure provides optionality: ground floor currently has month-to-month office tenants who may remain or may vacate, while the upper level is owner-occupied and has served as law and architecture offices over the years. The property can be sold either as 100% vacant or with the ground floor tenants remaining.
Key Highlights
- Two‑story masonry and steel office building with separate entrances for each floor in downtown Brunswick, GA
- Rooftop solar installed ($52,000 cost) with replaced HVAC in the past five years to help reduce power bills
- 9 on‑site parking spaces plus additional street parking
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $83.5k | $17.40 |
| − Vacancy | −$18.4k | −$3.83 |
| EGI | $65.1k | $13.57 |
| − OpEx | −$16.3k | −$3.39 |
| NOI | $48.9k | $10.18 |
4,800 SF · lease $17.40/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$698.0K
$610.7K – $814.3K
NOI $48,859 @ 7.0% cap · market cap 4.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$996.2K
$871.7K – $1.16M
NOI $69,733 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,159
Businesses Nearby
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two-story masonry and steel office building with separate entrances for each floor and rooftop solar installed.
Where is this office building located?
The property is located at 1522 Richmond Street Brunswick Brunswick, GA.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Two‑story masonry and steel office building with separate entrances for each floor in downtown Brunswick, GA; Rooftop solar installed ($52,000 cost) with replaced HVAC in the past five years to help reduce power bills; 9 on‑site parking spaces plus additional street parking
