Two-Building Mixed-Use
New
For Sale
$250,000
201 Lucian Street, Brunswick, GA 31523
Commercial Sale, Brunswick, GA
Property Size1,240 SF
Lot Size0.30 Acres
Price / SF$201.61
Days on Market2
Property Features for 201 Lucian Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 4, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 1
Subdivision
Glynn Heights
Elementary school
Glyndale
Middle school
Jane Macon
High school
Brunswick High School
Directions
From I-95 Exit 36B, Hwy 341... turn onto Crispen Blvd and 1st road on Left is Lucian St. This property is next to Pawn Shop.
Standard status
Active
APN
0306249
Size
1,240 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lots 88 & 89 Glynn Heights
Tax Annual Amount
520
Legal Description
Lots 88 & 89 Glynn Heights
Utilities
Sewer type
Septic Tank
Water source
Well
Building Details
Year built
1956
Floors in Building
1
Number of units
2
Building materials
Frame
Roof type
Shingle
Listing Agency:
BHHS Hodnett Cooper Real Estate BWK · Berkshire Hathaway HomeServices
(912) 638-5450
Listed By:
Stephanie Webb · License #245521
(912) 223-0604
Added: Aug 24
Last Checked: Aug 25 at 3:06PM
MLS# 2002077
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 property comprises two separate structures on a 0.3-acre parcel. The primary 1,240-square-foot, frame building was constructed in 1956 and has a house-style layout with a private restroom, shingle roofing, and potential for office, retail, or residential occupancy. A separate portable office includes mini-split air conditioning, a full restroom, and high-capacity electrical wiring suited to office or technology-oriented operations.
The property fronts Crispen Blvd at 201 Lucian Street in Brunswick, just off US Hwy 341, within a corridor surrounded by established commercial properties. Highway Commercial (HC) zoning accommodates the property’s stated commercial, residential, and hybrid live-work possibilities. Water service is provided by a well, while wastewater is handled by a septic tank.
The property fronts Crispen Blvd at 201 Lucian Street in Brunswick, just off US Hwy 341, within a corridor surrounded by established commercial properties. Highway Commercial (HC) zoning accommodates the property’s stated commercial, residential, and hybrid live-work possibilities. Water service is provided by a well, while wastewater is handled by a septic tank.
Key Highlights
- Two‑building configuration on a 0.3‑acre lot
- 1,240‑square‑foot main structure with private restroom
- Separate portable office 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Highway Commercial zoning supports office, retail, residential, and live-work configurations across the two-building site.
Where is this mixed-use property located?
The property is located at 201 Lucian Street 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; Separate portable office with mini‑split A/C and full restroom
