Warehouse Complex With Loading
For Sale
$1,350,000
400 Commerce Center Drive, Brunswick, GA 31523
COMMERCIAL - Brunswick, GA
Property Size12,750 SF
Lot Size3.75 Acres
Price / SF$105.88
Days on Market119
Property Features for 400 Commerce Center Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
38
Subdivision
South Port
Directions
From exit 29 of I-95 travel west on US Hwy 17 to Martin Palmer Drive. Turn left on Martin Palmer and Commerce Center Drive is on the right. Look for sign.
Standard status
Active
APN
03-12662
Size
12,750 SF
Lot size
3.75 Acres
Taxes and HOA fees
Tax Description
Bldg. 400 Glynn Commerce Center Condo
Legal Description
Bldg. 400 Glynn Commerce Center Condo
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2008
Listing Agency:
Don Wright & Associates
(912) 638-4740
Listed By:
Don Wright · License #12088
(912) 222-0133
Added: Apr 16
Changed: Aug 4
Last Checked: Aug 12 at 9:06AM
MLS# 1661337
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.
The Commerce Center Complex includes three warehouse buildings offered for sale within the Glynn Commerce Center Commercial Condominiums. Available configurations include one warehouse with multiple offices and two buildings arranged as warehouse-only space. Each building is equipped with two roll-up loading doors, and parking is available at the properties.
The site encompasses 3.75 acres in the South Port Commercial/Industrial Park near Martin Palmer Road and I-95 Exit 29. Building areas described for the available units include 6,375 SF, 7,312 SF, and 4,900 SF, while the property record identifies 12,750 square feet of property size. The buildings were constructed in 2008 and are served by public water and public sewer.
The site encompasses 3.75 acres in the South Port Commercial/Industrial Park near Martin Palmer Road and I-95 Exit 29. Building areas described for the available units include 6,375 SF, 7,312 SF, and 4,900 SF, while the property record identifies 12,750 square feet of property size. The buildings were constructed in 2008 and are served by public water and public sewer.
Key Highlights
- Three warehouse buildings remaining within the Commerce Center Complex
- Warehouse configurations include multiple offices or warehouse‑only space
- Each building has two roll‑up doors for loading
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
$75,954
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
5.63%
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%
$1,519,080
$1.5M
Cap Rate 7%
$1,085,057
$1.1M
Cap Rate 9%
$843,933
$843.9K
Market Conditions
NOI Build-Up for 12,750 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
$94.9K $7.44/SF
− Vacancy
−$5.5K −$0.43/SF
EGI
$89.4K $7.01/SF
− OpEx
−$13.4K −$1.05/SF
NOI
$76.0K $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%
$1,519,080
Cap Rate 7%
$1,085,057
Cap Rate 9%
$843,933
Alternative Uses
Best Use
Warehouse
$1.09M
$949.4K – $1.27M
NOI $75,954 @ 7.0% cap · market cap 5.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.65M
$2.32M – $3.09M
NOI $185,228 @ 7.0% cap · market cap 13.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Multiple warehouse buildings offer office and open storage configurations with public utilities and on-site parking.
Where is this warehouse located?
The property is located at 400 Commerce Center Drive Brunswick, GA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Three warehouse buildings remaining within the Commerce Center Complex; Warehouse configurations include multiple offices or warehouse‑only space; Each building has two roll‑up doors for loading
