Mixed-Use Building with
For Sale
$1,099,000
1418 Newcastle Street, Brunswick, GA 31520
Commercial Sale, Brunswick, GA
Property Size5,400 SF
Lot Size0.06 Acres
Price / SF$203.52
Days on Market170
Property Features for 1418 Newcastle Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
10
Subdivision
Old Town
Directions
Go to historic Brunswick. 1418 Newcastle Street is the heart of Main Street Brunswick. Near Tipsys.
Standard status
Active
APN
01-01521
Size
5,400 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Description
PTN 117 S OT
Legal Description
PTN 117 S OT
Utilities
Utilities
Cable Available
Heating system
Electric (Heating), Central, Heat Pump (Heating)
Cooling system
Heat Pump, Electric, Central Air
Water source
Public
Amenities
walk-in safe
Building Details
Year built
1885
Floors in Building
2
Number of units
1
Flooring type
Hardwood, Vinyl, Concrete
Building materials
Brick
Listing Agency:
Avalon Properties Group, LLC
(912) 289-4990
Listed By:
Tom McBride · License #262485
(912) 222-4403
Added: Mar 9
Changed: Aug 20
Last Checked: Aug 25 at 2:06PM
MLS# 1660348
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 5,400-square-foot brick building provides two ground-floor retail storefronts, with one occupied by a barber shop and the other available for lease. The upper level has its own entrance and can support residential loft, office, or creative workspace plans. Existing features include a walk-in safe, hardwood, vinyl, and concrete flooring, public water, and cable availability. The property also includes two HVAC units installed in 2014 and 2016, along with a roof replaced in 2016.
The building is located at 1418 Newcastle Street in Downtown Brunswick, near Jekyll Square and a concentration of restaurants, boutiques, antique shops, and art galleries. Mixed-use zoning supports commercial and residential applications, subject to applicable requirements. The property’s 0.06-acre parcel and two-level configuration provide a compact setting for continued storefront use with additional upper-floor flexibility.
The building is located at 1418 Newcastle Street in Downtown Brunswick, near Jekyll Square and a concentration of restaurants, boutiques, antique shops, and art galleries. Mixed-use zoning supports commercial and residential applications, subject to applicable requirements. The property’s 0.06-acre parcel and two-level configuration provide a compact setting for continued storefront use with additional upper-floor flexibility.
Key Highlights
- 5,400‑square‑foot brick mixed‑use building on a 0.06‑acre parcel
- Two ground‑floor storefronts; one occupied by a barber shop and one available for lease
- Second floor has a separate entrance and supports residential loft or office conversion
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
$48,114
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
4.38%
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%
$962,280
$962.3K
Cap Rate 7%
$687,343
$687.3K
Cap Rate 9%
$534,600
$534.6K
Market Conditions
NOI Build-Up for 5,400 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
$87.5K $16.20/SF
− Vacancy
−$10.5K −$1.94/SF
EGI
$77.0K $14.26/SF
− OpEx
−$28.9K −$5.35/SF
NOI
$48.1K $8.91/SF
Area
Glynn County, GA
Vacancy
12.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
37.50%
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%
$962,280
Cap Rate 7%
$687,343
Cap Rate 9%
$534,600
Alternative Uses
Best Use
Mixed Use
$687.3K
$601.4K – $801.9K
NOI $48,114 @ 7.0% cap · market cap 4.38%
Second Best
Retail
$674.4K
$590.1K – $786.8K
NOI $47,208 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$1.12M
$980.6K – $1.31M
NOI $78,449 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,120
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 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?
Mixed-use property - Brick commercial property offers two ground-floor storefronts and separately accessed upper-level space.
Where is this mixed-use property located?
The property is located at 1418 Newcastle Street Brunswick, GA.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: 5,400‑square‑foot brick mixed‑use building on a 0.06‑acre parcel; Two ground‑floor storefronts; one occupied by a barber shop and one available for lease; Second floor has a separate entrance and supports residential loft or office conversion
