Storefront Property with New
For Sale
$142,000
245 Altamaha Park Road, Brunswick, GA 31525
COMMERCIAL - Brunswick, GA
Property Size972 SF
Lot Size0.30 Acres
Price / SF$146.09
Days on Market149
Property Features for 245 Altamaha Park Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
5
Subdivision
Everett City
Directions
341 to Altamaha Park Road, turn right and drive down, the property is Just past the rail road tracks on your left.
Standard status
Active
APN
02-02139
Size
972 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
.28 AC Everett City
Tax Annual Amount
451
Legal Description
.28 AC Everett City
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Well, Private
Building Details
Year built
1978
Floors in Building
1
Flooring type
Concrete
Building materials
Wood Siding
Roof type
Metal, Asphalt
Listing Agency:
Sea Georgia Realty
(912) 342-7897
Listed By:
Angela Golden · License #229940
(912) 571-1736
Added: Mar 18
Changed: Aug 4
Last Checked: Aug 13 at 2:06AM
MLS# 1660528
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 storefront property, previously operated as a country store, offers a practical setup for a single-business use. The exterior has been freshly painted and the building features a newer roof. Updates also include a new septic system, along with a new electric panel and meter box and service. Interior flooring is concrete, and the building is heated and cooled with central air and electric heating.
The property sits on a 0.3-acre lot (972 SF) at 245 Altamaha Park Road in Brunswick, Georgia (Glynn County). The structure is wood siding with a roof made of metal and asphalt. Water is provided via a private well, and wastewater is served by a septic tank. The property is being sold as-is, and the seller has never occupied the premises.
With multiple entry points noted (side and back doors), the space can support a variety of neighborhood retail and food-focused concepts.
The property sits on a 0.3-acre lot (972 SF) at 245 Altamaha Park Road in Brunswick, Georgia (Glynn County). The structure is wood siding with a roof made of metal and asphalt. Water is provided via a private well, and wastewater is served by a septic tank. The property is being sold as-is, and the seller has never occupied the premises.
With multiple entry points noted (side and back doors), the space can support a variety of neighborhood retail and food-focused concepts.
Key Highlights
- New roof installed
- New septic system
- Freshly painted exterior with side and back doors
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
$9,539
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
6.72%
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%
$190,780
$190.8K
Cap Rate 7%
$136,271
$136.3K
Cap Rate 9%
$105,989
$106.0K
Market Conditions
NOI Build-Up for 972 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
$13.6K $14.04/SF
− Vacancy
−$928 −$0.95/SF
EGI
$12.7K $13.09/SF
− OpEx
−$3.2K −$3.27/SF
NOI
$9.5K $9.81/SF
Area
Glynn County, GA
Vacancy
6.80%
Lease Rate
$14.04 /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%
$190,780
Cap Rate 7%
$136,271
Cap Rate 9%
$105,989
Alternative Uses
Best Use
Specialty Retail
$136.3K
$119.2K – $159.0K
NOI $9,539 @ 7.0% cap · market cap 6.72%
Second Best
Retail
$121.4K
$106.2K – $141.6K
NOI $8,498 @ 7.0% cap · market cap 5.98%
Theoretical Best
Office A
$201.7K
$176.5K – $235.4K
NOI $14,121 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 31525, GA
28,766
Population
12,373
Households
2.3
Avg Household Size
40
Median Age
22%
College-Educated
89%
High-School Grad
98.3 sq mi
ZIP Area
293
Density / Sq Mi
$65,896
Median Household Income
$37,145
Median Earnings
$1,137
Median Rent
$198,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Storefront building on a private well and septic system with a newly installed roof, updated exterior, and central electric HVAC.
Where is this storefront property located?
The property is located at 245 Altamaha Park Road Brunswick, GA.
What is the asking price?
The asking price for this property is $142,000.
What are key features of this property?
This property features: New roof installed; New septic system; Freshly painted exterior with side and back doors
