Subdividable Industrial
For Sale
Contact for pricing
400 Commerce Center Dr, Brunswick, GA 31523
A 2006-built warehouse with air conditioning, sprinkler system, and drive-in doors, sized to subdivide into four units.
Property Size12,800 SF
Price / SF$84.38
Days on Market391
Property Features for 400 Commerce Center Dr
General Information
Standard status
Active
Size
12,800 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
15 ft
Sprinkler System
Yes
Amenities
air-conditioned
Building Details
Year Built
2006
Listing Agency:
Driggers Commercial Group Inc.
(912) 634-5900
Listed By:
Robert Driggers · License #278693
(912) 506-9837
Source:
Moodyscre
Added: Aug 20, 2025
Changed: Sep 6
Last Checked: Sep 13 at 9:38AM
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.
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.
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 = 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
$76,252
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
7.06%
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%
$1,525,040
$1.5M
Cap Rate 7%
$1,089,314
$1.1M
Cap Rate 9%
$847,244
$847.2K
Market Conditions
NOI Build-Up for 12,800 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
$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 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%
$1,525,040
Cap Rate 7%
$1,089,314
Cap Rate 9%
$847,244
Alternative Uses
Best Use
Warehouse
$1.09M
$953.2K – $1.27M
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
NOI $185,954 @ 7.0% cap · market cap 17.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
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
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- Extra Space Storage — 704 Mall Blvd, Brunswick, GA 31525
- Extra Space Storage — 125 Scranton Connector, Brunswick, GA 31525
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
