Retail Property with Auto Parts
New
For Sale
$850,000
375 Palisade Drive, Brunswick, GA 31523
Commercial Sale, Brunswick, GA
Property Size7,040 SF
Lot Size0.98 Acres
Price / SF$120.74
Days on Market1
Property Features for 375 Palisade Drive
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial
Security features
Security Lighting
Appliances
Electric Water Heater
Directions
I-95 to Hwy 17 to Dungeness Dr to Palisade Dr
Standard status
Active
APN
0312677
Size
7,040 SF
Lot size
0.98 Acres
Taxes and HOA fees
Tax Description
30 SOUTH PORT PHS 1
Legal Description
30 SOUTH PORT PHS 1
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2001
Floors in Building
1
Building materials
Brick, Metal Siding
Listing Agency:
Keller Williams Coastal Area P · Keller Williams Realty
(912) 356-5001
Listed By:
Pamela S. Chance · License #260812
(912) 429-2715
Added: Sep 27
Last Checked: Sep 27 at 7:06PM
MLS# SA365396
Copyright © 2026 Hive MLS. 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 7,040-square-foot retail property sits on 0.98 acres and was built in 2001. O'Reilly Auto Parts currently occupies the site. The building has brick and metal siding, central electric heating and air conditioning, public water, and public sewer.
At 375 Palisade Drive in Brunswick, the property is near Exit 29 on I-95 and the US Highway 17 corridor. Its setting is within an established commercial area with retail and residential development. The site also has access to the Port of Brunswick, a regional transportation and economic center.
At 375 Palisade Drive in Brunswick, the property is near Exit 29 on I-95 and the US Highway 17 corridor. Its setting is within an established commercial area with retail and residential development. The site also has access to the Port of Brunswick, a regional transportation and economic center.
Key Highlights
- O'Reilly Auto Parts currently occupies the property
- 7,040‑square‑foot retail building on 0.98 acres
- Built in 2001 with brick and metal siding
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
$61,546
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
7.24%
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%
$1,230,920
$1.2M
Cap Rate 7%
$879,229
$879.2K
Cap Rate 9%
$683,844
$683.8K
Market Conditions
NOI Build-Up for 7,040 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
$97.2K $13.80/SF
− Vacancy
−$9.2K −$1.31/SF
EGI
$87.9K $12.49/SF
− OpEx
−$26.4K −$3.75/SF
NOI
$61.5K $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%
$1,230,920
Cap Rate 7%
$879,229
Cap Rate 9%
$683,844
Alternative Uses
Best Use
Retail
$879.2K
$769.3K – $1.03M
NOI $61,546 @ 7.0% cap · market cap 7.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,275 @ 7.0% cap · market cap 12.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
182
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - An operating O'Reilly Auto Parts store occupies the site near I-95 and the US Highway 17 corridor.
Where is this retail space located?
The property is located at 375 Palisade Drive Brunswick, GA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: O'Reilly Auto Parts currently occupies the property; 7,040‑square‑foot retail building on 0.98 acres; Built in 2001 with brick and metal siding
