Two-Bedroom Duplex with Private
For Sale
$235,000
Pending
319 Stone Mill Drive, Brunswick, GA 31520
Residential, Brunswick, GA
Property Size1,184 SF
Lot Size0.11 Acres
Days on Market56
Property Features for 319 Stone Mill Drive
General Information
Property type
Residential
Property subtype
Duplex
Zoning description
Residential
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2
Parking features
Assigned, Open, Driveway
Window features
Bay Window(s), Window Treatments
Patio and Porch features
Porch, Patio
Interior features
Ceiling Fan(s), Crown Molding, High Speed Internet, Pantry, Recessed Lighting, Walk-In Closet(s), Columns, Painted Woodwork, Single Vanity, Tub/Shower Combo, Primary on First Floor, Primary Suite, Sitting Area, Split Plan
Exterior features
Private Entrance, Private Yard, Rain Gutters
Appliances
Dryer, Dishwasher, Ice Maker, Oven, Refrigerator, Range Hood, Washer
Subdivision
Cypress Run
Lot features
Back Yard, Cleared, Interior Lot, Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
Elementary school
Glyndale
Middle school
Needwood Middle School
High school
Brunswick High School
Directions
Front Exit 38 on I-95 South, turn right onto Golden Isles Parkway toward Brunswick, continue Approximately 2.5 miles and turn right on Altama Connector for .6 miles. Turn left onto Old Cypress Mill RD for .7 miles, turn left on Cypress Run DR for 150 feet and turn right on Stone Mill DR, and 319 Stone Mill Dr is on the left approximately .1 miles.
Standard status
Pending
APN
0314679
Size
1,184 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
110-A Cypress Run P-3
Tax Annual Amount
211
HOA Fee
$300 Annually
Legal Description
110-A Cypress Run P-3
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Heat Pump (Heating), Central
Cooling system
Ceiling Fan(s), Electric, Central Air
Water source
Public
Water front
1
Building Details
Year built
1998
Floors in Building
1
Flooring type
Laminate, Tile - Ceramic, Vinyl, Carpet
Roof type
Shingle
Architectural style
Other
Listing Agency:
Avalon Properties Group, LLC
(912) 289-4990
Listed By:
Paula Morris · License #447589
(706) 496-5888
Added: Jul 10
Changed: Aug 19
Last Checked: Sep 3 at 12:06PM
MLS# 2001187
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 1,184-square-foot duplex property in Brunswick was built in 1998 and offers two bedrooms, two bathrooms, and a split-plan interior. The layout includes a primary suite on the first floor, a sitting area, pantry, walk-in closet, crown molding, recessed lighting, and a combination tub and shower. Laminate, ceramic tile, vinyl, and carpet flooring are found throughout. The property also includes a range, refrigerator, dishwasher, ice maker, range hood, washer, and dryer.
Exterior features include a private entrance, private yard, porch, patio, and rain gutters. Assigned open parking and a driveway provide on-site parking options. Public water and public sewer serve the property, with cable available. The Brunswick location offers access to I-95, St. Simons Island, Jekyll Island, shopping, dining, healthcare, Savannah, and Jacksonville, FL.
Exterior features include a private entrance, private yard, porch, patio, and rain gutters. Assigned open parking and a driveway provide on-site parking options. Public water and public sewer serve the property, with cable available. The Brunswick location offers access to I-95, St. Simons Island, Jekyll Island, shopping, dining, healthcare, Savannah, and Jacksonville, FL.
Key Highlights
- 1,184‑square‑foot duplex property with 2 bedrooms and 2 bathrooms
- Built in 1998 with a split‑plan interior and first‑floor primary suite
- Private entrance, private yard, porch, patio, and rain gutters
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
$9,764
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
4.15%
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%
$195,280
$195.3K
Cap Rate 7%
$139,486
$139.5K
Cap Rate 9%
$108,489
$108.5K
Market Conditions
NOI Build-Up for 1,184 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
$14.9K $12.60/SF
− Vacancy
−$970 −$0.82/SF
EGI
$13.9K $11.78/SF
− OpEx
−$4.2K −$3.53/SF
NOI
$9.8K $8.25/SF
Area
Glynn County, GA
Vacancy
6.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
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%
$195,280
Cap Rate 7%
$139,486
Cap Rate 9%
$108,489
Alternative Uses
Best Use
Multifamily LT 5
$139.5K
$122.1K – $162.7K
NOI $9,764 @ 7.0% cap · market cap 4.15%
Second Best
Apartment 5plus
$129.3K
$113.2K – $150.9K
NOI $9,054 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$245.7K
$215.0K – $286.7K
NOI $17,201 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
690
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 Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - The 1998 property includes public water and sewer, assigned open parking, and a private entrance.
Where is this duplex located?
The property is located at 319 Stone Mill Drive Brunswick, GA.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 1,184‑square‑foot duplex property with 2 bedrooms and 2 bathrooms; Built in 1998 with a split‑plan interior and first‑floor primary suite; Private entrance, private yard, porch, patio, and rain gutters
