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    Five-Story Mixed-Use Glass Office Tower Title is generated by Realmo AI

    162 Jekyll Road, Baxley, GA 31513

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    Glass five-story building with ground-floor medical space, flexible office floors, and two residential units on the fifth level.

    Type:Retail, Office, Hospitality
    Property size:
    48,000 SF
    Price / SF:
    $114/SF
    Added:
    May 29, 2026
    Days on Market:
    9
    Last Refresh:
    Jun 6 at 5:07 am

    Property Features for 162 Jekyll Road

    General Information

    Standard status
    Active
    Size
    48,000 SF
    Property subtype
    Retail, Office, Hospitality

    Building Details

    Year Built
    2011

    We can help!

    Listing Contact
    Josh landmon
    Josh landmon

    Listing agent Josh landmon License #GA 394786

    Listing office Elevation Property Group LLC

    Listing date May 29, 2026

    Source Crexi

    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 Elevation Property Group LLC

    HighLights

    • 2011‑built, five‑story glass office tower with flexible space for multiple commercial uses
    • Ground floor configured for medical use
    • 2nd–4th floors offer flexible office layouts for professional services and corporate tenants
    • Fifth floor includes two residential units for executive housing or short‑term rentals
    • Property supports mixed‑use potential with medical, office, and residential components

    Overview

    This five-story glass office tower is designed for mixed-use occupancy, with a ground floor currently configured for medical use. Floors two through four feature flexible office layouts that can support a range of professional uses, including executive offices, professional services, co-working, or agency and institutional tenants. The fifth floor includes two residential units, providing an on-site housing option for executive live-work needs or potential residential use.

    The property is located at 162 Jekyll Road in Baxley, Georgia. The building’s overall massing and multi-level configuration support a single-asset platform for businesses and groups that want to combine different functions within one facility.

    For tenants and buyers, the building’s layout provides multiple operating paths depending on the user’s needs. Medical operators can start with the existing ground-floor configuration, while office users have room to tailor floors two through four to their workflow. Owners and investors considering an owner-user strategy can potentially coordinate both professional space and the two residential units, or re-position portions of the building for restaurant or hospitality concepts as permitted under applicable regulations.
    Location Intelligence

    Current Use by Public Records

    R B Pump ... Corporate Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Baxley
    County
    Appling
    State
    Georgia
    Longitude
    -82.335736
    Latitude
    31.770654

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    FAQs

    What type of property is this?
    Office building - Glass five-story building with ground-floor medical space, flexible office floors, and two residential units on the fifth level.
    Where is this office building located?
    The property is located at 162 Jekyll Road Baxley, GA.
    What is the asking price?
    The asking price for this property is $5,500,000.
    What are key features of this property?
    This property features: 2011‑built, five‑story glass office tower with flexible space for multiple commercial uses; Ground floor configured for medical use; 2nd–4th floors offer flexible office layouts for professional services and corporate tenants
    (912) 403-9211 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Josh landmon
    Josh landmon
    Real Estate License ID: GA 394786
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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