Climate-Controlled Industrial
For Sale
$675,000
616 Bay St, Brunswick, GA 31520
Climate-controlled warehouse with 2,000± SF office and GI zoning for industrial, warehouse, and distribution uses.
Property Size12,000 SF
Price / SF$56.25
Days on Market51
Property Features for 616 Bay St
General Information
Standard status
Active
Size
12,000 SF
Property subtype
Industrial
Zoning
GI
Amenities
climate-controlled
Building Details
Building Size
12,000 SF
Year Built
1970
Listing Agency:
SVR Commercial
(904) 477-3764
Listed By:
Kathy Jett
Source:
Svrcommercial
Added: Jun 24
Changed: Aug 10
Last Checked: Aug 13 at 4:06AM
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 SVR Commercial
Investment Insights
Based on property information with market context.
The property is a 12,000± SF climate-controlled building with 10,000± SF dedicated warehouse space and an additional 2,000± SF office area. It is configured to support combined industrial operations with on-site office space.
The building is located in the Brunswick area with access to key transportation routes and the Port of Brunswick, supporting logistics-focused use.
Zoned GI, the property is described as well-suited for industrial, warehouse, and distribution uses.
The building is located in the Brunswick area with access to key transportation routes and the Port of Brunswick, supporting logistics-focused use.
Zoned GI, the property is described as well-suited for industrial, warehouse, and distribution uses.
Key Highlights
- 12,000 ± SF climate‑controlled industrial building with 10,000 ± SF warehouse and 2,000 ± SF office space
- Warehouse and office layout offers flexibility for industrial, warehouse, and distribution uses
- GI zoning supports industrial, warehouse, and distribution uses
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
$54,664
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
8.10%
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%
$1,093,280
$1.1M
Cap Rate 7%
$780,914
$780.9K
Cap Rate 9%
$607,378
$607.4K
Market Conditions
NOI Build-Up for 12,000 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
$83.5K $6.96/SF
− Vacancy
−$5.4K −$0.45/SF
EGI
$78.1K $6.51/SF
− OpEx
−$23.4K −$1.95/SF
NOI
$54.7K $4.56/SF
Area
Glynn County, GA
Vacancy
6.50%
Lease Rate
$6.96 /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%
$1,093,280
Cap Rate 7%
$780,914
Cap Rate 9%
$607,378
Alternative Uses
Best Use
Office B
$1.74M
$1.53M – $2.04M
NOI $122,148 @ 7.0% cap · market cap 18.10%
Second Best
Warehouse
$1.02M
$893.6K – $1.19M
NOI $71,486 @ 7.0% cap · market cap 10.59%
Theoretical Best
Office A
$2.49M
$2.18M – $2.91M
NOI $174,332 @ 7.0% cap · market cap 25.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,104
Businesses Nearby
Well-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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Trowbridge Storage — 609 Oglethorpe St, Brunswick, GA 31520
Frequently Asked Questions
What type of property is this?
Warehouse - Climate-controlled warehouse with 2,000± SF office and GI zoning for industrial, warehouse, and distribution uses.
Where is this warehouse located?
The property is located at 616 Bay St Brunswick, GA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 12,000 ± SF climate‑controlled industrial building with 10,000 ± SF warehouse and 2,000 ± SF office space; Warehouse and office layout offers flexibility for industrial, warehouse, and distribution uses; GI zoning supports industrial, warehouse, and distribution uses
