Building Details

Year Built 2006

Listing Agency: Driggers Commercial Group Inc. Show Phone

Listed By: Robert Driggers · License #278693 Show Phone

Source: Moodyscre

Added: Aug 20, 2025 Changed: Oct 25 Last Checked: Oct 28 at 7:01AM

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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 Driggers Commercial Group Inc.

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Investment Insights

Based on property information with market context.

Built in 2006, this warehouse building offers approximately 12,800 SF and can be subdivided into four separate units. The property features drive-in doors, a 13’ eave height and 15’ clear height, with a 5” concrete slab as the building base. The entire building is air-conditioned and sprinklered.

The transaction is offered for sale.

Key Highlights

• Warehouse built in 2006 with approximately 12,800 SF of space
• Potential to subdivide into four units
• Air‑conditioned and sprinklered throughout the entire building

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$76,252

Cap Rate

7.06%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,525,040 $1.5M

Cap Rate 7%

$1,089,314 $1.1M

Cap Rate 9%

$847,244 $847.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 12,800 SF

Gross rent

$95.2K $7.44/SF

− Vacancy

−$5.5K −$0.43/SF

EGI

$89.7K $7.01/SF

− OpEx

−$13.5K −$1.05/SF

NOI

$76.3K $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%

$1,525,040

Cap Rate 7%

$1,089,314

Cap Rate 9%

$847,244

Alternative Uses

Best Use

Warehouse

$1.09M

$953.2K – $1.27M (±1% cap)

NOI $76,252 @ 7.0% cap · market cap 7.06%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.66M

$2.32M – $3.10M (±1% cap)

NOI $185,954 @ 7.0% cap · market cap 17.22%

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

Warehouses

Suggested Use

Top Pick Law Firm Real Estate Agency Nail Salon Plumbing Service Skin Care Clinic Auto Parts 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

15 ft

Clear height

Yes

Sprinkler system

Location Intelligence

Trade Area within ½ mile

787

Businesses Nearby

Balanced

Demand for This Use

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

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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Similar Off Market Nearby

• Altama Storage Co — 60 Scranton Connector, Brunswick, GA 31525
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Frequently Asked Questions

What type of property is this?

Warehouse - A 2006-built warehouse with air conditioning, sprinkler system, and drive-in doors, sized to subdivide into four units.

Where is this warehouse located?

The property is located at 400 Commerce Center Dr Brunswick, GA.

What is the asking price?

The asking price for this property is $1,080,000.

What are key features of this property?

This property features: Warehouse built in 2006 with approximately 12,800 SF of space; Potential to subdivide into four units; Air‑conditioned and sprinklered throughout the entire building