Brunswick Medical & Professional
For Sale
Contact for pricing
2228 Starling Street, Brunswick, GA 31520
Medical and professional building with prime commercial opportunity.
Property Size11,396 SF
Lot Size1.65 Acres
Price / SF$100.91
Days on Market109
Property Features for 2228 Starling Street
General Information
Standard status
Active
Size
11,396 SF
Lot size
1.65 Acres
Property subtype
Office, Mixed Use
Zoning
I
Building Details
Year Built
2002
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeServices Hodnett Cooper Real Estate Saint Simons Island
Listed By:
George Skarpaleszos · License #182287
Source:
Crexi
Added: May 13
Changed: Aug 23
Last Checked: Aug 28 at 10:10AM
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 Berkshire Hathaway HomeServices Hodnett Cooper Real Estate Saint Simons Island
Investment Insights
Based on property information with market context.
This commercial property in Brunswick, Georgia, presents an opportunity with a building spanning approximately 11,396 square feet. The building is suitable for medical and professional use. Situated on a 1.65-acre lot, this property is classified as a mixed-use property and commercial real estate.
Key Highlights
- Prime Brunswick Commercial Opportunity
- ±11,396 SF Medical & Professional Building
- Located on 1.65 Acres
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
$104,279
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
9.07%
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%
$2,085,580
$2.1M
Cap Rate 7%
$1,489,700
$1.5M
Cap Rate 9%
$1,158,656
$1.2M
Market Conditions
NOI Build-Up for 11,396 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
$194.2K $17.04/SF
− Vacancy
−$20.4K −$1.79/SF
EGI
$173.8K $15.25/SF
− OpEx
−$69.5K −$6.10/SF
NOI
$104.3K $9.15/SF
Area
Glynn County, GA
Vacancy
10.50%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
40.00%
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%
$2,085,580
Cap Rate 7%
$1,489,700
Cap Rate 9%
$1,158,656
Alternative Uses
Best Use
Office B
$1.66M
$1.45M – $1.93M
NOI $116,000 @ 7.0% cap · market cap 10.09%
Second Best
Healthcare Medical
$1.49M
$1.30M – $1.74M
NOI $104,279 @ 7.0% cap · market cap 9.07%
Theoretical Best
Office A
$2.37M
$2.07M – $2.76M
NOI $165,557 @ 7.0% cap · market cap 14.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
884
Businesses Nearby
Under-served
Demand for This Use
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 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?
Medical Office Space - Medical and professional building with prime commercial opportunity.
Where is this medical office space located?
The property is located at 2228 Starling Street Brunswick, GA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Prime Brunswick Commercial Opportunity; ±11,396 SF Medical & Professional Building; Located on 1.65 Acres
