Multi-Building Mixed-Use
New
For Sale
$850,000
168 Key Circle Drive, Brunswick, GA 31520
Commercial Sale, Brunswick, GA
Property Size5,000 SF
Lot Size1.03 Acres
Price / SF$170
Days on Market7
Property Features for 168 Key Circle Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Fencing
Chain Link
Subdivision
Key Industrial Park
Directions
From Exit 36A, continue on New Jesup Hwy (US-25 S/US-341 S), turn left onto Community Rd (GA-303), turn left onto Key Circle Dr, building will be on your right.
Standard status
Active
APN
0309364
Size
5,000 SF
Lot size
1.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Tract 3 Key Industrial Park
Tax Annual Amount
4496
Legal Description
Tract 3 Key Industrial Park
Utilities
Sewer type
Septic Tank
Cooling system
Electric, Central Air, Ceiling Fan(s)
Water source
Well
Building Details
Year built
1982
Floors in Building
1
Flooring type
Vinyl
Additional Structures
Outbuilding
Listing Agency:
Coldwell Banker Access Realty BWK · Coldwell Banker Real Estate
(912) 267-0054
Listed By:
Lori Lynn · License #357837
(912) 202-2200
Added: Sep 8
Changed: Sep 14
Last Checked: Sep 14 at 2:06PM
MLS# 2002475
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 mixed-use commercial property comprises multiple buildings totaling 5,000 square feet on 1.03 acres. The improvements include customer-facing retail space, private offices, warehouse areas, and additional outbuildings, creating a varied operating layout. Vinyl flooring, central air, electric cooling, ceiling fans, chain-link fencing, a well, and a septic tank are among the existing property features. The buildings are currently occupied by Jeff's Pools.
Built in 1982, the property is located in Brunswick, Georgia, within Glynn County. Several structures are positioned on the same parcel, providing space for retail activity, office functions, inventory, equipment, storage, and workshop operations. The property is accessed at 168 Key Circle Drive and is associated with 168, 170, and 172 Key Circle.
Built in 1982, the property is located in Brunswick, Georgia, within Glynn County. Several structures are positioned on the same parcel, providing space for retail activity, office functions, inventory, equipment, storage, and workshop operations. The property is accessed at 168 Key Circle Drive and is associated with 168, 170, and 172 Key Circle.
Key Highlights
- Multiple commercial buildings on 1.03 acres
- 5,000 square feet of total property size
- Combination of retail, private office, warehouse, and outbuilding space
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
$44,550
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
5.24%
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%
$891,000
$891.0K
Cap Rate 7%
$636,429
$636.4K
Cap Rate 9%
$495,000
$495.0K
Market Conditions
NOI Build-Up for 5,000 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
$81.0K $16.20/SF
− Vacancy
−$9.7K −$1.94/SF
EGI
$71.3K $14.26/SF
− OpEx
−$26.7K −$5.35/SF
NOI
$44.6K $8.91/SF
Area
Glynn County, GA
Vacancy
12.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
37.50%
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%
$891,000
Cap Rate 7%
$636,429
Cap Rate 9%
$495,000
Alternative Uses
Best Use
Mixed Use
$636.4K
$556.9K – $742.5K
NOI $44,550 @ 7.0% cap · market cap 5.24%
Second Best
Retail
$624.5K
$546.4K – $728.5K
NOI $43,712 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$1.04M
$908.0K – $1.21M
NOI $72,638 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
509
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
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A flexible commercial campus combines customer-facing space, offices, warehouse areas, and supporting outbuildings on one parcel.
Where is this mixed-use property located?
The property is located at 168 Key Circle Drive Brunswick, GA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Multiple commercial buildings on 1.03 acres; 5,000 square feet of total property size; Combination of retail, private office, warehouse, and outbuilding space
