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    Historic Downtown Brunswick Retail Space Title is generated by Realmo AI

    1418 Newcastle Street, Brunswick, GA 31520

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    Claim this Listing
    For Lease
    $3,200/Mo $14 SF/Yr (calc)

    COMMERCIAL - Brunswick, GA

    Property size:
    2,700 SF
    Lot size:
    0.06 Acres
    Added:
    Jan 30, 2026
    Days on Market:
    103
    Last Refresh:
    May 13 at 9:06 pm

    Property Features for 1418 Newcastle Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking
    10
    Standard status
    Active
    APN
    0101521
    Size
    2,700 SF
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Description
    PTN 117 S OT

    Utilities

    Utilities
    Cable Available
    Heating system
    Heat Pump (Heating), Electric (Heating)
    Cooling system
    Electric, Heat Pump
    Water source
    Public

    Building Details

    Year built
    1885
    Floors in Building
    2
    Flooring type
    Hardwood
    Building materials
    Brick
    Roof type
    Flat

    We can help!

    Listing Contact
    Tom McBride
    Tom McBride

    Listing agent Tom McBride License #262485

    Listing office Avalon Properties Group, LLC 1420 Newcastle St., Brunswick, GA

    Listing date Jan 30, 2026

    MLS# 1659464

    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.

    HighLights

    • Prime location in the heart of Brunswick's historic downtown restaurant and shopping district on Newcastle, bordering Jekyll Square East.
    • Recently renovated retail space with storefront windows.
    • High foot traffic due to First Friday events averaging 12k attendees.
    • Convenient to Brunswick Landing Marina, Glynn County courthouses, Brunswick City Hall, and Mary Ross Waterfront Park.
    • Includes one office and one bathroom.
    • Historic clock on a pole out front (formerly Ned Cash Jewelers).

    Overview

    Located in the heart of historic downtown Brunswick on Newcastle Street, this commercial space is situated in the restaurant and shopping district, bordering Jekyll Square East. The available unit, formerly Ned Cash Jewelers, features a historic clock on a pole out front. The renovated space measures approximately 90 x 19 feet and includes a spacious retail area, storefront display windows, one office, and one bathroom. The property benefits from high foot traffic, particularly during the monthly First Friday events, which attract an average of 12,000 attendees. Conveniently located near the Brunswick Landing Marina, two Glynn County courthouses, Brunswick City Hall, and Mary Ross Waterfront Park, the property also offers public parking in both the front and rear. Its location is approximately 10-15 minutes from St Simons Island and Jekyll Island. The lot size is 0.06 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • The Rose & Vine — 1602 Newcastle St, Brunswick, GA 31520

    Location Insight

    • Map
    • Local Demand
    City
    Brunswick
    County
    Glynn
    State
    Georgia
    Longitude
    -81.494851
    Latitude
    31.1486

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    FAQs

    What type of property is this?
    Storefront property - Prime retail space in historic downtown Brunswick's shopping district.
    Where is this storefront property located?
    The property is located at 1418 Newcastle Street Brunswick, GA.
    What is the lease rate?
    The lease rate is $3,200 /Mo.
    What are key features of this property?
    This property features: Prime location in the heart of Brunswick's historic downtown restaurant and shopping district on Newcastle, bordering Jekyll Square East.; Recently renovated retail space with storefront windows.; High foot traffic due to First Friday events averaging 12k attendees.
    (912) 222-4403
    We can help!
    Listing Contact
    Tom McBride
    Tom McBride
    Real Estate License ID: 262485
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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