Listing Agency: Phoenix Realty Group Show Phone

Listed By: Lucas Jackson · License #429913 Show Phone

Added: May 27 Changed: Oct 23 Last Checked: Oct 30 at 12:06PM

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MLS# 2000359

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Investment Insights

Based on property information with market context.

Located at 3003 Scarlett Street in Brunswick, Georgia, this 76,664-square-foot commercial property includes approximately 51,000 square feet of small-bay space and 18,000 square feet of self-storage area. The small-bay component has an established tenant base, while the self-storage portion is currently in lease-up. The property also includes an accessible approach with ramp.

The 8.7-acre site has direct exposure to I-95, with reported average annual daily traffic of 61,000 vehicles. The components are separately parceled and metered, providing distinct physical and utility configurations within the overall property. The self-storage area’s lease-up status and the existing occupancy profile of the small-bay space are key operating characteristics.

Key Highlights

• 76,664 square feet across small‑bay and self‑storage components
• Approximately 51,000 square feet of small‑bay space with an established tenant base
• Approximately 18,000 square feet of self‑storage currently in lease‑up

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$456,703

Cap Rate

8.31%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$9,134,060 $9.1M

Cap Rate 7%

$6,524,329 $6.5M

Cap Rate 9%

$5,074,478 $5.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 76,664 SF

Gross rent

$570.4K $7.44/SF

− Vacancy

−$33.1K −$0.43/SF

EGI

$537.3K $7.01/SF

− OpEx

−$80.6K −$1.05/SF

NOI

$456.7K $5.96/SF

Area

Glynn County, GA

Vacancy

5.80%

Lease Rate

$7.44 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$9,134,060

Cap Rate 7%

$6,524,329

Cap Rate 9%

$5,074,478

Alternative Uses

Best Use

Self Storage

$9.39M

$8.22M – $10.96M (±1% cap)

NOI $657,372 @ 7.0% cap · market cap 11.96%

Second Best

Warehouse

$6.52M

$5.71M – $7.61M (±1% cap)

NOI $456,703 @ 7.0% cap · market cap 8.31%

Theoretical Best

Office A

$15.91M

$13.92M – $18.56M (±1% cap)

NOI $1,113,750 @ 7.0% cap · market cap 20.27%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Self storage facilities

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Skin Care Clinic Furniture & Home Goods Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

285

Businesses Nearby

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

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Self storage facility - The property combines small-bay space with self-storage operations and separate parcel and utility metering.

Where is this self storage facility located?

The property is located at 3003 Scarlett Street Brunswick, GA.

What is the asking price?

The asking price for this property is $5,495,000.

What are key features of this property?

This property features: 76,664 square feet across small‑bay and self‑storage components; Approximately 51,000 square feet of small‑bay space with an established tenant base; Approximately 18,000 square feet of self‑storage currently in lease‑up