Second-Floor Office
For Sale
Contact for pricing
1700 Frederica Rd, Saint Simons Island, GA 31522
Second-floor office condo with elevator and stair access, exterior signage space, and ample parking; tenant occupied through 8/31/2024.
Property Size919 SF
Price / SF$300
Days on Market345
Property Features for 1700 Frederica Rd
General Information
Standard status
Active
Size
919 SF
Elevators
Yes
Property subtype
OFFICE
Occupancy
100%
Financials
Asking Price
$275,700
HOA Fee
$236
Additional Details
Floor
Second floor
Amenities
exterior signage space
Building Details
Tenancy
Multi
Owner Occupied
No
Listing Agency:
Driggers Commercial Group Inc.
(912) 634-5900
Listed By:
Robert Driggers · License #278693
Source:
Moodyscre
Added: Aug 20, 2025
Changed: Jul 29
Last Checked: Jul 29 at 12:48PM
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.
Investment Insights
Based on property information with market context.
Commercial office condo for sale in the 1700 Frederica Road building on Saint Simons Island. The space is on the second floor and is approximately 919 SF. Access is available via both elevator and stairs, with exterior signage space and ample parking.
The location is convenient to south and mid-island amenities, including the post office, restaurants, and shopping, much of which is within walking distance. The building includes a mix of professional and service-oriented users, such as an attorney, home health agency, pack and ship office, dry cleaner, and insurance office.
The unit is tenant occupied through 8/31/2024, providing continuity for an investor while also supporting an owner-user option for an incoming tenant transition.
The location is convenient to south and mid-island amenities, including the post office, restaurants, and shopping, much of which is within walking distance. The building includes a mix of professional and service-oriented users, such as an attorney, home health agency, pack and ship office, dry cleaner, and insurance office.
The unit is tenant occupied through 8/31/2024, providing continuity for an investor while also supporting an owner-user option for an incoming tenant transition.
Key Highlights
- Approximately 919 SF second‑floor office condo
- Tenant occupied through 8/31/2024
- Elevator and stair access for the second floor
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.0k | $17.40 |
| − Vacancy | −$3.5k | −$3.83 |
| EGI | $12.5k | $13.57 |
| − OpEx | −$3.1k | −$3.39 |
| NOI | $9.4k | $10.18 |
919 SF · lease $17.40/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$133.6K
$116.9K – $155.9K
NOI $9,355 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$190.7K
$166.9K – $222.5K
NOI $13,351 @ 7.0% cap · market cap 4.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
985
Businesses Nearby
Explore this area
Business Placement
Demographics for 31522, GA
16,892
Population
12,241
Households
1.4
Avg Household Size
57
Median Age
56%
College-Educated
96%
High-School Grad
53.4 sq mi
ZIP Area
316
Density / Sq Mi
$106,413
Median Household Income
$63,077
Median Earnings
$1,723
Median Rent
$498,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Second-floor office condo with elevator and stair access, exterior signage space, and ample parking; tenant occupied through 8/31/2024.
Where is this office units located?
The property is located at 1700 Frederica Rd Saint Simons Island, GA.
What is the asking price?
The asking price for this property is $275,700.
What are key features of this property?
This property features: Approximately 919 SF second‑floor office condo; Tenant occupied through 8/31/2024; Elevator and stair access for the second floor
