Self-Storage and Small-Bay
For Sale
$5,995,000
3003 Scarlett Street, Brunswick, GA 31520
Commercial Sale, Brunswick, GA
Property Size76,664 SF
Lot Size8.70 Acres
Price / SF$78.20
Days on Market111
Property Features for 3003 Scarlett Street
General Information
Property type
Commercial Sale
Property subtype
Other
Accessibility
Accessible Approach with Ramp
Directions
When exiting I-95 towards Brunswick, continue for 100 yards and turn left onto Scarlett St. Continue for .1 miles and the subject property will be on your left.
Standard status
Active
APN
0327619
Size
76,664 SF
Lot size
8.70 Acres
Taxes and HOA fees
Tax Description
COMMON AREA 3003 SCARLETT CONDOMINIUMS COMMERCIAL CONDO
Legal Description
COMMON AREA 3003 SCARLETT CONDOMINIUMS COMMERCIAL CONDO
Listing Agency:
Phoenix Realty Group
(912) 268-4069
Listed By:
Lucas Jackson · License #429913
(912) 222-7142
Added: May 27
Changed: Aug 19
Last Checked: Sep 14 at 10:06PM
MLS# 2000359
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.
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.
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 = 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
$456,703
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
7.62%
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%
$9,134,060
$9.1M
Cap Rate 7%
$6,524,329
$6.5M
Cap Rate 9%
$5,074,478
$5.1M
Market Conditions
NOI Build-Up for 76,664 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
$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 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%
$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
NOI $657,372 @ 7.0% cap · market cap 10.97%
Second Best
Warehouse
$6.52M
$5.71M – $7.61M
NOI $456,703 @ 7.0% cap · market cap 7.62%
Theoretical Best
Office A
$15.91M
$13.92M – $18.56M
NOI $1,113,750 @ 7.0% cap · market cap 18.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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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 $5,995,000.
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
