Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2810 Altama Ave Brunswick, GA 31520

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    994 SF retail space in Five Points Shopping Center.

    Type:Retail, Office
    Property size:
    994 SF
    Added:
    Jun 25, 2024
    Days on Market:
    663
    Last Refresh:
    Mar 17 at 1:21 pm

    Property Features for 2810 Altama Ave

    General Information

    Standard status
    Active
    Size
    994 SF
    Property subtype
    Retail, Office

    We can help!

    Listing Contact
    Robert Driggers

    Listing agent Robert Driggers License #GA 278693

    Listing office Driggers Commercial Group Inc

    Listing date Jun 25, 2024

    Source Crexi

    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 Driggers Commercial Group Inc

    Overview

    Retail Space in Five Points

    Located in Five Points Shopping Center, this space offers approximately 994 square feet of area with frontage on Altama Avenue. The space was previously used as a hair salon. Other tenants in the shopping center include Michelle’s Wok N Roll and Taxx Max. The lease is offered on an "as-is" basis. The tenant is responsible for utilities and interior cleaning.
    Location Intelligence

    Current Use by Public Records

    Tax Express Tax Preparation

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brunswick
    County
    Glynn
    State
    Georgia
    Longitude
    -81.491981
    Latitude
    31.169252

    Nearby Similar for Lease

    • Contact for pricing

      Historic Downtown Brunswick Retail Space

      Prime retail location in the heart of historic downtown Brunswick.
      1418 Newcastle Street unit: 101, Brunswick, GA 31520
      View Details
    • Contact for pricing

      Private Office Space in Brunswick

      Convenient Brunswick location with utilities included, near I-95.
      124 Chapel Crossing Road unit: A, Brunswick, GA 31525
      View Details
    • Contact for pricing

      Modern Brunswick Commercial Building For Lease

      5,300 SF commercial building near Southeast Georgia Health System.
      2300 Parkwood Drive, Brunswick, GA 31520
      View Details
    • Contact for pricing

      Historic Downtown Brunswick Retail Space

      Prime retail space in Brunswick's historic downtown area.
      1418 Newcastle Street unit: 201, Brunswick, GA 31520
      View Details
    • Contact for pricing

      Renovated Office Suite in Brunswick

      Recently renovated office suite in downtown Brunswick, available May 2026.
      700 Gloucester Street, Brunswick, GA 31520
      View Details
    • Contact for pricing

      Medical Office in Tower Park

      3,498 SF medical office near hospital for sale.
      3215 Shrine Road unit: 1A & 1B, Brunswick, GA 31520
      View Details
    • Contact for pricing

      Downtown Brunswick Private Office Suite

      Remodeled 133 SF office suite in downtown Brunswick.
      1602 Newcastle Street, Brunswick, GA 31520
      View Details
    • Contact for pricing

      Downtown Brunswick Office Suite Rental

      Remodeled office suite in downtown Brunswick with included amenities.
      1602 Newcastle Street, Brunswick, GA 31520
      View Details
    • Contact for pricing

      Downtown Brunswick Office Suite

      Remodeled office suite in downtown Brunswick with included amenities.
      1602 Newcastle Street, Brunswick, GA 31520
      View Details
    • Contact for pricing

      Brunswick Flex Warehouse with Offices

      6,600 SF flex warehouse with office and fenced yard.
      114 Newman Drive, Brunswick, GA 31520
      View Details
    • Contact for pricing

      Brunswick Office Space For Lease

      Ground level office space in a convenient Brunswick location.
      106 Shoppers Way unit: 104-106, Brunswick, GA 31525
      View Details
    • Contact for pricing

      Downtown Brunswick Ground Floor Office

      Professional office space in downtown Brunswick with shared parking.
      808 Gloucester Street, Brunswick, GA 31520
      View Details

    FAQs

    What type of property is this?
    Retail space - 994 SF retail space in Five Points Shopping Center.
    Where is this retail space located?
    The property is located at 2810 Altama Ave Brunswick, GA.
    What are key features of this property?
    This property features: High‑visibility frontage on Altama Avenue.; Located in the established Five Points Shopping Center.; Affordable lease rate of $1,000 per month.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Robert Driggers
    Real Estate License ID: GA 278693
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!