Two-Story Office
1522 Richmond Street Brunswick, Brunswick, GA 31520
For Sale
$990,000
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 Market136
Property Features for 1522 Richmond Street Brunswick
General Information
Standard status
Size
Total Parking Spaces
Additional Details
Sprinkler System
Taxes and HOA fees
Annual Taxes
Amenities
true
Agent
Square Feet
City Lot
Public
6751.8
0.155
Public Records
Parking Lot
4800
Building Details
Building Size
Year Built
Stories
Listing Agency:
Driggers Commercial Group, Inc
Listed By:
Robert E Driggers Jr. · License GA #278693
(912) 506-9837
Source:
Thesoldsquad
Added: Jun 30
Changed: Nov 11
Last Checked: Oct 7 at 9:43AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$48,859
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$977,180
$977.2K
Cap Rate 7%
$697,986
$698.0K
Cap Rate 9%
$542,878
$542.9K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$83.5K $17.40/SF
− Vacancy
−$18.4K −$3.83/SF
EGI
$65.1K $13.57/SF
− OpEx
−$16.3K −$3.39/SF
NOI
$48.9K $10.18/SF
Area
Glynn County, GA
Vacancy
22.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$977,180
Cap Rate 7%
$697,986
Cap Rate 9%
$542,878
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.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
Yes
Sprinkler system
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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
