Flex Space with Secured
For Sale
Contact for pricing
2400 Newcastle Street, Brunswick, GA 31520
An L-shaped building pairs two warehouse areas with second-level offices, a gated rear yard, and a separate small building.
Property Size8,100 SF
Price / SF$0.00
Days on Market158
Property Features for 2400 Newcastle Street
General Information
Standard status
Active
Size
8,100 SF
Property subtype
Commercial
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
10 ft
Office Build-Out
2,296 SF
Additional Details
Property Use
Warehouse
Amenities
Kitchen/Break Area
Building Details
Year Built
1990
Buildings
2
Stories
2
Listing Agency:
Don Wright & Associates
Listed By:
Don Wright · License #12088
(912) 222-0133
Source:
Heiserrealestategroup
Added: May 29
Changed: Nov 2
Last Checked: Oct 31 at 2:33PM
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 Don Wright & Associates
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Investment Insights
Based on property information with market context.
Built in 1990, the L-shaped flex property includes two first-floor warehouse areas measuring 3,825 SF and 1,500 SF, each with approximately 10 feet of clearance and multiple roll-up doors. Second-level office space totals 2,296 SF and includes a kitchen/break area; the city will allow residential use on this level if needed. The property also has three restrooms and a 495 SF freestanding building within the gated rear yard. Extensive parking accommodates staff and equipment.
The property is on Newcastle Street in Brunswick, minutes from I-95, St. Simons Island, Sea Island, and Jekyll Island.
The property is on Newcastle Street in Brunswick, minutes from I-95, St. Simons Island, Sea Island, and Jekyll Island.
Key Highlights
- Two warehouse sections: 3,825 SF and 1,500 SF, each with approximately 10 feet of clearance
- Second‑level office space totals 2,296 SF and includes a kitchen/break area
- 495 SF freestanding building inside the gated rear yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,898
Suggested Prices Based on Cap Rates
Cap Rate 5%
$737,960
$738.0K
Cap Rate 7%
$527,114
$527.1K
Cap Rate 9%
$409,978
$410.0K
Market Conditions
NOI Build-Up for 8,100 SF
Gross rent
$56.4K $6.96/SF
− Vacancy
−$3.7K −$0.45/SF
EGI
$52.7K $6.51/SF
− OpEx
−$15.8K −$1.95/SF
NOI
$36.9K $4.56/SF
Area
Glynn County, GA
Vacancy
6.50%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$737,960
Cap Rate 7%
$527,114
Cap Rate 9%
$409,978
Alternative Uses
Best Use
Warehouse
$689.3K
$603.2K – $804.2K
NOI $48,253 @ 7.0% cap · market cap 603,162.50%
Second Best
Flex RnD
$621.4K
$543.7K – $725.0K
NOI $43,499 @ 7.0% cap · market cap 543,737.50%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,674 @ 7.0% cap · market cap 1,470,925.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
10 ft
Clear height
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
307
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 Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - An L-shaped building pairs two warehouse areas with second-level offices, a gated rear yard, and a separate small building.
Where is this flex space located?
The property is located at 2400 Newcastle Street Brunswick, GA.
What are key features of this property?
This property features: Two warehouse sections: 3,825 SF and 1,500 SF, each with approximately 10 feet of clearance; Second‑level office space totals 2,296 SF and includes a kitchen/break area; 495 SF freestanding building inside the gated rear yard
