Second-Floor Office
For Sale
Contact for pricing
1608 Newcastle Street, Brunswick, GA 31520
A private bathroom and elevator access serve this bright office in a renovated historic building.
Property Size650 SF
Price / SF$2.08
Days on Market143
Property Features for 1608 Newcastle Street
General Information
Standard status
Active
Size
650 SF
Elevators
Yes
Property subtype
Commercial
Additional Details
Floor
2
Property Use
Office
Amenities
large windows
private bath
Building Details
Year Built
1925
Listing Agency:
Driggers Commercial Group, Inc
(912) 634-5900
Listed By:
Robert E Driggers Jr. · License #278693
(912) 506-9837
Source:
Atlanticsaltrealty
Added: Jun 11
Changed: Oct 30
Last Checked: Oct 30 at 2:13PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This second-floor office suite offers approximately 650 square feet, large windows, and a private bathroom. The building includes elevator service, and the office is situated within a renovated historic structure built in 1925.
The property is at 1608 Newcastle Street in downtown Brunswick, Georgia, with private parking behind the building. Water and power are included with the monthly rent.
The property is at 1608 Newcastle Street in downtown Brunswick, Georgia, with private parking behind the building. Water and power are included with the monthly rent.
Key Highlights
- Approximately 650+/- SF of office space
- Second‑floor suite with large windows and a private bathroom
- Elevator access in the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,616
Suggested Prices Based on Cap Rates
Cap Rate 5%
$132,320
$132.3K
Cap Rate 7%
$94,514
$94.5K
Cap Rate 9%
$73,511
$73.5K
Market Conditions
NOI Build-Up for 650 SF
Gross rent
$11.3K $17.40/SF
− Vacancy
−$2.5K −$3.83/SF
EGI
$8.8K $13.57/SF
− OpEx
−$2.2K −$3.39/SF
NOI
$6.6K $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%
$132,320
Cap Rate 7%
$94,514
Cap Rate 9%
$73,511
Alternative Uses
Best Use
Office B
$94.5K
$82.7K – $110.3K
NOI $6,616 @ 7.0% cap · market cap 490.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$134.9K
$118.0K – $157.4K
NOI $9,443 @ 7.0% cap · market cap 699.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
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 - A private bathroom and elevator access serve this bright office in a renovated historic building.
Where is this office unit located?
The property is located at 1608 Newcastle Street Brunswick, GA.
What are key features of this property?
This property features: Approximately 650+/- SF of office space; Second‑floor suite with large windows and a private bathroom; Elevator access in the building
