Fully Leased Office
For Sale
$459,000
4216 & 4220 Coral Park Drive, Brunswick, GA 31520
COMMERCIAL - Brunswick, GA
Property Size4,000 SF
Price / SF$114.75
Days on Market1342
Property Features for 4216 & 4220 Coral Park Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
20
Directions
From exit 38 of I-95 go east on Spur 25 (Golden Isles Parkway) to Cypress Mill Road, turn right, then immediately turn left on Coral Park Drive just past Bank of the Ozarks. Property is short distance on the left.
Subdivision
B1: Brunswick
Standard status
Active
APN
01-07319
Taxes and HOA fees
Tax Description
Unit B1 & B2 Coral Park Condos
Legal Description
Unit B1 & B2 Coral Park Condos
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Listing Agency:
Don Wright & Associates
(912) 638-4740
Listed By:
Don Wright · License #12088
(912) 222-0133
Added: Dec 9, 2022
Changed: Aug 4
Last Checked: Aug 12 at 11:06PM
MLS# 1637547
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.
This 4,000 SF office property comprises units B1 and B2 within Coral Park Commercial Condominiums. The interior is configured as 11 office suites, providing a multi-suite professional office layout. Both units are currently fully leased, and no condominium association fees apply.
The property is located at 4216 & 4220 Coral Park Drive in Brunswick, GA, serving the Golden Isles area of Coastal Georgia. Public water and public sewer are available, with heat pump systems providing heating and cooling.
The property is located at 4216 & 4220 Coral Park Drive in Brunswick, GA, serving the Golden Isles area of Coastal Georgia. Public water and public sewer are available, with heat pump systems providing heating and cooling.
Key Highlights
- 4,000 SF office property configured as 11 office suites
- Units B1 and B2 at Coral Park Commercial Condominiums
- Currently fully leased
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
$40,716
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
8.87%
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%
$814,320
$814.3K
Cap Rate 7%
$581,657
$581.7K
Cap Rate 9%
$452,400
$452.4K
Market Conditions
NOI Build-Up for 4,000 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
$69.6K $17.40/SF
− Vacancy
−$15.3K −$3.83/SF
EGI
$54.3K $13.57/SF
− OpEx
−$13.6K −$3.39/SF
NOI
$40.7K $10.18/SF
Area
Glynn County, GA
Vacancy
22.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
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%
$814,320
Cap Rate 7%
$581,657
Cap Rate 9%
$452,400
Alternative Uses
Best Use
Office B
$581.7K
$509.0K – $678.6K
NOI $40,716 @ 7.0% cap · market cap 8.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$830.2K
$726.4K – $968.5K
NOI $58,111 @ 7.0% cap · market cap 12.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
11
Office units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
625
Businesses Nearby
Explore this area
Business Placement
Demographics for 31520, GA
22,726
Population
10,619
Households
2.1
Avg Household Size
39
Median Age
16%
College-Educated
84%
High-School Grad
20.1 sq mi
ZIP Area
1,131
Density / Sq Mi
$37,652
Median Household Income
$26,292
Median Earnings
$936
Median Rent
$135,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Two commercial condominium units contain 11 built-out office suites and are served by public water and sewer.
Where is this office units located?
The property is located at 4216 & 4220 Coral Park Drive Brunswick, GA.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: 4,000 SF office property configured as 11 office suites; Units B1 and B2 at Coral Park Commercial Condominiums; Currently fully leased
