Brick Medical Office
New
For Sale
$445,000
2310 Heron Street, Brunswick, GA 31520
Brunswick, GA
Property Size2,417 SF
Price / SF$184.11
Days on Market4
Property Features for 2310 Heron Street
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Goodyear Park
Standard status
Active
Size
2,417 SF
Building Details
Year built
1955
Listing Agency:
Engel & Volkers Golden Isles · Engel & Völkers
(912) 634-0595
Listed By:
Mary Douthit · License #145483
(404) 312-1063
Added: Sep 8
Changed: Sep 9
Last Checked: Sep 11 at 6:06AM
MLS# 1660171
Copyright © 2026 Engel & Völkers. 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 2,417-square-foot medical office building in Brunswick features four-sided brick construction and an established clinical layout. Interior spaces include a generous reception area, waiting room, three exam rooms, a surgery room, two private offices, a kitchen, two bathrooms, and storage rooms.
The property is positioned next to Southeast Georgia Health System/Brunswick Hospital, placing the office immediately beside a major healthcare facility. Built in 1955, the building is currently configured for a private medical practice while offering a range of interior spaces for office or healthcare operations.
The property is positioned next to Southeast Georgia Health System/Brunswick Hospital, placing the office immediately beside a major healthcare facility. Built in 1955, the building is currently configured for a private medical practice while offering a range of interior spaces for office or healthcare operations.
Key Highlights
- 2,417‑square‑foot medical office building
- Four‑sided brick construction
- Three exam rooms plus a surgery room
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
$24,603
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
5.53%
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%
$492,060
$492.1K
Cap Rate 7%
$351,471
$351.5K
Cap Rate 9%
$273,367
$273.4K
Market Conditions
NOI Build-Up for 2,417 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
$42.1K $17.40/SF
− Vacancy
−$9.3K −$3.83/SF
EGI
$32.8K $13.57/SF
− OpEx
−$8.2K −$3.39/SF
NOI
$24.6K $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%
$492,060
Cap Rate 7%
$351,471
Cap Rate 9%
$273,367
Alternative Uses
Best Use
Office B
$351.5K
$307.5K – $410.1K
NOI $24,603 @ 7.0% cap · market cap 5.53%
Second Best
Healthcare Medical
$316.0K
$276.5K – $368.6K
NOI $22,117 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$501.6K
$438.9K – $585.2K
NOI $35,113 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Existing layout includes reception, waiting, exam, procedure, office, and support areas.
Where is this medical office space located?
The property is located at 2310 Heron Street Brunswick, GA.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: 2,417‑square‑foot medical office building; Four‑sided brick construction; Three exam rooms plus a surgery room
