Warehouse with Office and Covered
For Sale
$1,135,000
Pending
153 Venture Drive, Brunswick, GA 31525
Commercial Sale, Brunswick, GA
Property Size10,085 SF
Lot Size1.74 Acres
Days on Market383
Property Features for 153 Venture Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
95
Subdivision
Golden Isles Commercial Park
Directions
From the I-95 (exit 38) interchange travel west 1/4 mile to Perry Lane Road. Turn left and travel approximately 600 ft and property is on the left at the corner of Perry Lane Road and Venture Drive. Look for sign.
Standard status
Pending
APN
0315785
Size
10,085 SF
Lot size
1.74 Acres
Taxes and HOA fees
Tax Description
1.745 AC Tract B-1 Stellar Commercial Park
Legal Description
1.745 AC Tract B-1 Stellar Commercial Park
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2004
Listing Agency:
Don Wright & Associates
(912) 638-4740
Listed By:
Don Wright · License #12088
(912) 222-0133
Added: Aug 4, 2025
Changed: Aug 19
Last Checked: Aug 21 at 4:06AM
MLS# 1655763
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 commercial building combines office and warehouse space with practical loading and covered entry areas. The first level includes approximately 7,532 SF, and the second level includes approximately 2,553 SF, with all of the enclosed space heated and cooled. In addition to the conditioned interior, there are three open covered areas that total approximately 2,270 SF, including a covered front porch at the building entrance. The property is supported by a large paved parking lot with 95 parking spaces and includes three roll-up doors for loading.
The site sits on 1.74 acres and fronts Perry Lane Road with approximately 195 feet of frontage. The property is located just off Interstate 95 at exit 38, providing straightforward access for customers, staff, and deliveries.
The layout is well-suited for tenants or owners who need both office space and warehouse operations under one roof. With roll-up door loading and ample paved parking, it can support a range of light industrial, distribution, or service-oriented uses that benefit from conditioned work areas alongside functional covered exterior space.
The site sits on 1.74 acres and fronts Perry Lane Road with approximately 195 feet of frontage. The property is located just off Interstate 95 at exit 38, providing straightforward access for customers, staff, and deliveries.
The layout is well-suited for tenants or owners who need both office space and warehouse operations under one roof. With roll-up door loading and ample paved parking, it can support a range of light industrial, distribution, or service-oriented uses that benefit from conditioned work areas alongside functional covered exterior space.
Key Highlights
- Unique 10,085 SF commercial building built in 2004 with heated and cooled office and warehouse space
- Two levels: approx. 7,532 SF on first level and approx. 2,553 SF on second level (both heated and cooled)
- 3 roll‑up doors for loading and roll‑up door loading access
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
$102,655
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
9.04%
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%
$2,053,100
$2.1M
Cap Rate 7%
$1,466,500
$1.5M
Cap Rate 9%
$1,140,611
$1.1M
Market Conditions
NOI Build-Up for 10,085 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
$175.5K $17.40/SF
− Vacancy
−$38.6K −$3.83/SF
EGI
$136.9K $13.57/SF
− OpEx
−$34.2K −$3.39/SF
NOI
$102.7K $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 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%
$2,053,100
Cap Rate 7%
$1,466,500
Cap Rate 9%
$1,140,611
Alternative Uses
Best Use
Office B
$1.47M
$1.28M – $1.71M
NOI $102,655 @ 7.0% cap · market cap 9.04%
Second Best
Warehouse
$858.3K
$751.0K – $1.00M
NOI $60,078 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,512 @ 7.0% cap · market cap 12.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
261
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 31525, GA
28,766
Population
12,373
Households
2.3
Avg Household Size
40
Median Age
22%
College-Educated
89%
High-School Grad
98.3 sq mi
ZIP Area
293
Density / Sq Mi
$65,896
Median Household Income
$37,145
Median Earnings
$1,137
Median Rent
$198,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Multi-level warehouse with heated offices, roll-up loading access, and large paved parking on 1.74 acres.
Where is this flex space located?
The property is located at 153 Venture Drive Brunswick, GA.
What is the asking price?
The asking price for this property is $1,135,000.
What are key features of this property?
This property features: Unique 10,085 SF commercial building built in 2004 with heated and cooled office and warehouse space; Two levels: approx. 7,532 SF on first level and approx. 2,553 SF on second level (both heated and cooled); 3 roll‑up doors for loading and roll‑up door loading access
