Dual-Building Mixed-Use
For Sale
$250,000
201 Lucian St, Brunswick, GA 31523
Two structures offer separate restroom-equipped spaces with flexible commercial or residential use.
Property Size1,240 SF
Lot Size0.30 Acres
Price / SF$201.61
Days on Market8
Property Features for 201 Lucian St
General Information
Standard status
Active
Size
1,240 SF
Lot size
0.30 Acres
Zoning
HC
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$520
Building Details
Buildings
2
Listing Agency:
BHHS Hodnett Cooper Real Estate
(912) 223-0604
Listed By:
Stephanie F Webb · License #245521
(912) 223-0604
Source:
Exprealty
Added: Aug 24
Changed: Aug 30
Last Checked: Aug 30 at 2:37PM
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 BHHS Hodnett Cooper Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property includes two separate structures on a 0.3-acre lot. The primary building is a 1,240-square-foot house-style structure with a private restroom and a layout suited to office, retail, or residential use. A portable office unit adds a second usable space with mini-split A/C, a full restroom, and high-capacity electrical wiring.
The property fronts Crispen Blvd at 201 Lucian St in Brunswick and is positioned just off US Hwy 341. Highway Commercial (HC) zoning and the dual-building configuration support a range of commercial, residential, and live-work applications. Established commercial properties surround the site along the corridor.
The property fronts Crispen Blvd at 201 Lucian St in Brunswick and is positioned just off US Hwy 341. Highway Commercial (HC) zoning and the dual-building configuration support a range of commercial, residential, and live-work applications. Established commercial properties surround the site along the corridor.
Key Highlights
- Two‑building configuration on a 0.3‑acre lot
- 1,240‑square‑foot main structure with private restroom
- Portable office unit with mini‑split A/C and full restroom
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
$12,622
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
5.05%
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%
$252,440
$252.4K
Cap Rate 7%
$180,314
$180.3K
Cap Rate 9%
$140,244
$140.2K
Market Conditions
NOI Build-Up for 1,240 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
$21.6K $17.40/SF
− Vacancy
−$4.7K −$3.83/SF
EGI
$16.8K $13.57/SF
− OpEx
−$4.2K −$3.39/SF
NOI
$12.6K $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 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%
$252,440
Cap Rate 7%
$180,314
Cap Rate 9%
$140,244
Alternative Uses
Best Use
Office B
$180.3K
$157.8K – $210.4K
NOI $12,622 @ 7.0% cap · market cap 5.05%
Second Best
Mixed Use
$157.8K
$138.1K – $184.1K
NOI $11,048 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$257.3K
$225.2K – $300.2K
NOI $18,014 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
287
Businesses Nearby
Explore this area
Business Placement
Demographics for 31523, GA
14,803
Population
5,773
Households
2.6
Avg Household Size
42
Median Age
28%
College-Educated
90%
High-School Grad
191.5 sq mi
ZIP Area
77
Density / Sq Mi
$90,148
Median Household Income
$50,684
Median Earnings
$1,023
Median Rent
$276,200
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?
Mixed-use property - Two structures offer separate restroom-equipped spaces with flexible commercial or residential use.
Where is this mixed-use property located?
The property is located at 201 Lucian St Brunswick, GA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two‑building configuration on a 0.3‑acre lot; 1,240‑square‑foot main structure with private restroom; Portable office unit with mini‑split A/C and full restroom
