Retail Storefront
For Sale
$649,900
1607 Norwich ST, Brunswick, GA 31520
Retail storefront property located on Norwich St in Glynn County, offering straightforward access from Gloucester.
Property Size5,178 SF
Days on Market113
Property Features for 1607 Norwich ST
General Information
Standard status
Active
Size
5,178 SF
Total Parking Spaces
12
Zoning
mucch
Taxes and HOA fees
Annual Taxes
$1,535
Amenities
Central Air, Electric
Central, Electric
Fenced
Parking Lot
Building Details
Building Size
5,178 SF
Year Built
1988
Listing Agency:
Duckworth Properties BWK
Listed By:
LeAnn Duckworth · License #245963
(912) 266-7675
Source:
Evrealestate
Added: May 14
Changed: Aug 31
Last Checked: Sep 2 at 3:20PM
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 Duckworth Properties BWK
Investment Insights
Based on property information with market context.
This retail storefront property is listed for sale and located at 1607 Norwich ST in Brunswick, GA, within Glynn County.
From Gloucester, take Norwich St; the property will be on your left. The listing is positioned as a dedicated storefront retail option along Norwich St.
Additional property details such as building size, layout, and condition are not provided in the available information.
From Gloucester, take Norwich St; the property will be on your left. The listing is positioned as a dedicated storefront retail option along Norwich St.
Additional property details such as building size, layout, and condition are not provided in the available information.
Key Highlights
- Retail storefront property on Norwich St in Glynn County (Glynn County listed).
- Built in 1988.
- Central Air and central electric heating.
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
$45,268
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
6.97%
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%
$905,360
$905.4K
Cap Rate 7%
$646,686
$646.7K
Cap Rate 9%
$502,978
$503.0K
Market Conditions
NOI Build-Up for 5,178 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
$71.5K $13.80/SF
− Vacancy
−$6.8K −$1.31/SF
EGI
$64.7K $12.49/SF
− OpEx
−$19.4K −$3.75/SF
NOI
$45.3K $8.74/SF
Area
Glynn County, GA
Vacancy
9.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
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%
$905,360
Cap Rate 7%
$646,686
Cap Rate 9%
$502,978
Alternative Uses
Best Use
Retail
$646.7K
$565.9K – $754.5K
NOI $45,268 @ 7.0% cap · market cap 6.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.07M
$940.3K – $1.25M
NOI $75,224 @ 7.0% cap · market cap 11.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,159
Businesses Nearby
Under-served
Demand for This Use
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.
Similar Off Market Nearby
- The Rose & Vine — 1602 Newcastle St, Brunswick, GA 31520
Frequently Asked Questions
What type of property is this?
Storefront property - Retail storefront property located on Norwich St in Glynn County, offering straightforward access from Gloucester.
Where is this storefront property located?
The property is located at 1607 Norwich ST Brunswick, GA.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Retail storefront property on Norwich St in Glynn County (Glynn County listed).; Built in 1988.; Central Air and central electric heating.
