Medical Office Space Under
For Sale
$1,250,000
2903 Kemble Avenue, Brunswick, GA 31520
COMMERCIAL - Brunswick, GA
Property Size5,275 SF
Lot Size0.46 Acres
Price / SF$236.97
Days on Market170
Property Features for 2903 Kemble Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Parking
25
Subdivision
Goodyear Park
Directions
Follow Highway 17 (Glynn Avenue) to Parkwood Drive to Southeast GA hospital, continue on Parkwood just past hospital to Kemble Avenue, turn left on Kemble. Property is on the right. Look for sign.
Standard status
Active
APN
0105907
Size
5,275 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Description
Glynn Co parcel ID #0105907
Legal Description
Glynn Co parcel ID #0105907
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2025
Listing Agency:
Don Wright & Associates
(912) 638-4740
Listed By:
Don Wright · License #12088
(912) 222-0133
Added: Feb 22
Changed: Aug 4
Last Checked: Aug 11 at 10:06AM
MLS# 1659968
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.
A 5,275-square-foot medical office building is under construction at 2903 Kemble Avenue. The single-building layout can be configured as two separate medical spaces, with parking serving the property. Medical-use zoning supports healthcare-oriented occupancy, while public water and public sewer are available.
The property is located one block from the Southeast Georgia Hospital facility and has access to U.S. Highway 17 and the St. Simons Island Causeway. Its Brunswick setting serves the surrounding Golden Isles area, including St. Simons Island and Sea Island. Construction is scheduled for 2025.
The property is located one block from the Southeast Georgia Hospital facility and has access to U.S. Highway 17 and the St. Simons Island Causeway. Its Brunswick setting serves the surrounding Golden Isles area, including St. Simons Island and Sea Island. Construction is scheduled for 2025.
Key Highlights
- Approximately 5275 SF medical office building under construction
- Configurable layout for two separate medical spaces
- Medical‑use zoning
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
$53,694
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
4.30%
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%
$1,073,880
$1.1M
Cap Rate 7%
$767,057
$767.1K
Cap Rate 9%
$596,600
$596.6K
Market Conditions
NOI Build-Up for 5,275 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
$91.8K $17.40/SF
− Vacancy
−$20.2K −$3.83/SF
EGI
$71.6K $13.57/SF
− OpEx
−$17.9K −$3.39/SF
NOI
$53.7K $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%
$1,073,880
Cap Rate 7%
$767,057
Cap Rate 9%
$596,600
Alternative Uses
Best Use
Office B
$767.1K
$671.2K – $894.9K
NOI $53,694 @ 7.0% cap · market cap 4.30%
Second Best
Healthcare Medical
$689.6K
$603.4K – $804.5K
NOI $48,269 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$1.09M
$957.9K – $1.28M
NOI $76,634 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
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-use facility with public water and public sewer service.
Where is this medical office space located?
The property is located at 2903 Kemble Avenue Brunswick, GA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Approximately 5275 SF medical office building under construction; Configurable layout for two separate medical spaces; Medical‑use zoning
