Downtown Brunswick Office
1522 Richmond St. Brunswick, GA 31520
1522 Richmond St., Brunswick, GA, 31520
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For Sale
Contact for pricing
Two-story office building in historic downtown Brunswick, Georgia.
Property Size4,800 SF
Price / SF$206.25
Days on Market169
Property Features for 1522 Richmond St.
General Information
- Standard status
- Active
- Size
- 4,800 SF
- Property subtype
- Office
Building Details
- Year Built
- 1950
Listing Agency
Driggers Commercial Group Inc
(912) 506-9837
Listed by
Robert Driggers · License #GA 278693
Source
Crexi
Added: Jan 30 Checked: Jul 17 at 7:18 am
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.
Located in downtown Brunswick, Georgia, this two-story building is situated just behind the historic Ritz Theater. The building features separate entrances for both floors. The ground floor is currently occupied by month-to-month office tenants who are willing to either stay or vacate. The upstairs area has been owner-occupied and has served as law and architecture offices. Constructed with masonry and steel, the building is equipped with fire sprinklers, three power meters, and large windows that provide ample natural light. Attractive interior finishes are present throughout the building. Recent upgrades include HVAC systems replaced within the past five years, a newly installed roof coating, re-glazed windows from the previous year, and a roof-top solar installation. The solar installation, costing $52,000, has resulted in substantial reductions in power bills. There are 9 on-site parking spaces available, along with additional street parking. The property size is 4,800 square feet.
Key Highlights
- Prime downtown Brunswick location near the historic Ritz Theater
- Recent significant upgrades: new roof coating, re‑glazed windows, and HVAC systems replaced within 5 years
- Roof‑top solar installation resulting in substantial power bill reductions
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Law Office Of Denise ...
Law Firm
C. Franklin Truan, ...
Physician
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FAQs
What type of property is this?
Office building - Two-story office building in historic downtown Brunswick, Georgia.
Where is this office building located?
The property is located at 1522 Richmond St. 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: Prime downtown Brunswick location near the historic Ritz Theater; Recent significant upgrades: new roof coating, re‑glazed windows, and HVAC systems replaced within 5 years; Roof‑top solar installation resulting in substantial power bill reductions
