Highway Commercial Land with
New
For Sale
$300,000
355 Blythe Island Dr, Brunswick, GA 31523
Highway Commercial zoning supports retail, office, and other commercial uses.
Property Size1,562 SF
Price / SF$192.06
Days on Market2
Property Features for 355 Blythe Island Dr
General Information
Standard status
Active
Size
1,562 SF
Building Details
Year Built
1946
Listing Agency:
Coldwell Banker Access Realty
Listed By:
Lori Lynn · License #357837
(912) 634-0404
Source:
Broadandmainrealestate
Added: Sep 11
Last Checked: Sep 11 at 2:49PM
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 Coldwell Banker Access Realty
Investment Insights
Based on property information with market context.
This 1.07-acre commercial land parcel includes a 1,500-square-foot building with a full kitchen and bathroom. An established well and septic system serve the existing improvement, while a concrete pad provides additional built infrastructure on the site. The building was constructed in 1946.
Located at 355 Blythe Island Dr in Brunswick, the property fronts Blythe Island Highway with over 200 feet of highway frontage. Its Highway Commercial zoning supports a range of commercial applications, including retail and office uses. The parcel combines an existing functional building with additional land and a prepared concrete area.
Located at 355 Blythe Island Dr in Brunswick, the property fronts Blythe Island Highway with over 200 feet of highway frontage. Its Highway Commercial zoning supports a range of commercial applications, including retail and office uses. The parcel combines an existing functional building with additional land and a prepared concrete area.
Key Highlights
- 1.07‑acre commercial land parcel
- Over 200 feet of frontage on Blythe Island Highway
- 1,500‑square‑foot building with full kitchen and bathroom
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
$13,655
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
4.55%
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%
$273,100
$273.1K
Cap Rate 7%
$195,071
$195.1K
Cap Rate 9%
$151,722
$151.7K
Market Conditions
NOI Build-Up for 1,562 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
$21.6K $13.80/SF
− Vacancy
−$2.0K −$1.31/SF
EGI
$19.5K $12.49/SF
− OpEx
−$5.9K −$3.75/SF
NOI
$13.7K $8.74/SF
Area
Glynn County, GA
Vacancy
9.50%
Lease Rate
$13.80 /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%
$273,100
Cap Rate 7%
$195,071
Cap Rate 9%
$151,722
Alternative Uses
Best Use
Retail
$195.1K
$170.7K – $227.6K
NOI $13,655 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$324.2K
$283.7K – $378.2K
NOI $22,692 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Explore this area
Business Placement
Demographics for 31523, GA
14,803
Population
5,773
Households
2.6
Avg Household Size
42
Median Age
28%
College-Educated
90%
High-School Grad
191.5 sq mi
ZIP Area
77
Density / Sq Mi
$90,148
Median Household Income
$50,684
Median Earnings
$1,023
Median Rent
$276,200
Median Home Value
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Commercial land - Highway Commercial zoning supports retail, office, and other commercial uses.
Where is this commercial land located?
The property is located at 355 Blythe Island Dr Brunswick, GA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 1.07‑acre commercial land parcel; Over 200 feet of frontage on Blythe Island Highway; 1,500‑square‑foot building with full kitchen and bathroom
