Residential Income
For Sale
$775,000
1700 Newcastle, Brunswick, GA 31520
Newcastle Street property in Brunswick with an established 1958 construction date.
Property Size8,240 SF
Price / SF$94.05
Days on Market59
Property Features for 1700 Newcastle
General Information
Standard status
Active
Size
8,240 SF
Property subtype
Residential Income
Building Details
Year Built
1958
Stories
2
Listing Agency:
Southern Classic REALTORS, LLC
(912) 258-0951
Listed By:
Sheila Bishop · License #432716
Source:
Evrealestate
Added: Jul 3
Changed: Aug 29
Last Checked: Aug 29 at 7:09PM
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 Southern Classic REALTORS, LLC
Investment Insights
Based on property information with market context.
This residential income property contains 8,240 square feet and was constructed in 1958. The property is located at 1700 Newcastle in Brunswick, Georgia, within Glynn County. Access from US-25 South and US-341 continues onto Newcastle Street, with the destination positioned on the left.
Key Highlights
- 8,240‑square‑foot residential income property
- Constructed in 1958
- Located at 1700 Newcastle, Brunswick, GA 31520
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
$63,013
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
8.13%
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%
$1,260,260
$1.3M
Cap Rate 7%
$900,186
$900.2K
Cap Rate 9%
$700,144
$700.1K
Market Conditions
NOI Build-Up for 8,240 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
$121.6K $14.76/SF
− Vacancy
−$7.1K −$0.86/SF
EGI
$114.6K $13.90/SF
− OpEx
−$51.6K −$6.26/SF
NOI
$63.0K $7.65/SF
Area
Glynn County, GA
Vacancy
5.80%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
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%
$1,260,260
Cap Rate 7%
$900,186
Cap Rate 9%
$700,144
Alternative Uses
Best Use
Retail
$1.03M
$900.5K – $1.20M
NOI $72,037 @ 7.0% cap · market cap 9.30%
Second Best
Apartment 5plus
$900.2K
$787.7K – $1.05M
NOI $63,013 @ 7.0% cap · market cap 8.13%
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,708 @ 7.0% cap · market cap 15.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,104
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Newcastle Street property in Brunswick with an established 1958 construction date.
Where is this residential income property located?
The property is located at 1700 Newcastle Brunswick, GA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 8,240‑square‑foot residential income property; Constructed in 1958; Located at 1700 Newcastle, Brunswick, GA 31520
