Private Office Suite with Large
For Sale
Contact for pricing
1602 Newcastle Street, Brunswick, GA 31520
The 138-square-foot workspace includes shared meeting amenities, kitchen access, and building services.
Property Size138 SF
Price / SF$5.43
Days on Market301
Property Features for 1602 Newcastle Street
General Information
Standard status
Active
Size
138 SF
Property subtype
Commercial
Additional Details
Condition
Newly Renovated
Utilities to Site
Yes
Property Use
Office
Amenities
tenant signage
private mailbox
shared professional workspace
modern kitchen
conference table and TV
high-speed internet
front and rear entrances
non-slip grit-coated surface
two restrooms
Listing Agency:
Keller Williams Realty Golden Isles
Listed By:
Michael Heiser · License #373759
(912) 689-3421
Source:
Heiserrealestategroup
Added: Jan 7
Changed: Oct 31
Last Checked: Oct 31 at 2:24PM
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 Keller Williams Realty Golden Isles
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Investment Insights
Based on property information with market context.
This 138-square-foot private office suite in downtown Brunswick has been remodeled, with fresh interior paint and a large window. The space comes with a keyed private mailbox and business signage at the building’s downstairs and upstairs entrances. Shared facilities include a professional workspace, a kitchen with a stainless-steel refrigerator, sink, and microwave, plus a conference table and TV.
Water, electricity, fiber-optic business internet, and garbage collection are included in the rent. Routine cleaning covers shared and multi-use areas. The property has front and rear entrances; the rear entry has updated steps and railings with a non-slip surface. Two restrooms are located down the hall. The suite is available for occupancy.
Water, electricity, fiber-optic business internet, and garbage collection are included in the rent. Routine cleaning covers shared and multi-use areas. The property has front and rear entrances; the rear entry has updated steps and railings with a non-slip surface. Two restrooms are located down the hall. The suite is available for occupancy.
Key Highlights
- 138 SF private office suite with a large window
- Remodeled interior with fresh paint
- Business signage at the downstairs window and upstairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,405
Suggested Prices Based on Cap Rates
Cap Rate 5%
$28,100
$28.1K
Cap Rate 7%
$20,071
$20.1K
Cap Rate 9%
$15,611
$15.6K
Market Conditions
NOI Build-Up for 138 SF
Gross rent
$2.4K $17.40/SF
− Vacancy
−$528 −$3.83/SF
EGI
$1.9K $13.57/SF
− OpEx
−$468 −$3.39/SF
NOI
$1.4K $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%
$28,100
Cap Rate 7%
$20,071
Cap Rate 9%
$15,611
Alternative Uses
Best Use
Office B
$20.1K
$17.6K – $23.4K
NOI $1,405 @ 7.0% cap · market cap 187.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$28.6K
$25.1K – $33.4K
NOI $2,005 @ 7.0% cap · market cap 267.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,159
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 Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The 138-square-foot workspace includes shared meeting amenities, kitchen access, and building services.
Where is this office unit located?
The property is located at 1602 Newcastle Street Brunswick, GA.
What are key features of this property?
This property features: 138 SF private office suite with a large window; Remodeled interior with fresh paint; Business signage at the downstairs window and upstairs
