11-Suite Office
For Sale
$459,000
4216 & 4220 Coral Park Drive, Brunswick, GA 31520
Commercial Sale, Brunswick, GA
Property Size4,000 SF
Price / SF$114.75
Days on Market1413
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: Oct 1
Last Checked: Oct 22 at 2:06PM
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.
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Investment Insights
Based on property information with market context.
Units B1 and B2 comprise a 4,000 SF office property within Coral Park Commercial Condominiums in Brunswick, Georgia. The interior is configured as 11 office suites and is currently fully leased, providing an established multi-suite layout for office occupancy. No condominium association fees apply to the property.
The property is located at 4216 & 4220 Coral Park Drive and serves the Golden Isles area of Coastal Georgia. Building systems include heat pump heating and cooling, while public water and public sewer serve the property. The combination of multiple office suites, existing lease occupancy, and condominium-unit ownership creates a defined office configuration within a commercial condominium setting.
The property is located at 4216 & 4220 Coral Park Drive and serves the Golden Isles area of Coastal Georgia. Building systems include heat pump heating and cooling, while public water and public sewer serve the property. The combination of multiple office suites, existing lease occupancy, and condominium-unit ownership creates a defined office configuration within a commercial condominium setting.
Key Highlights
- 4,000 SF office property configured as 11 office suites
- Units B1 and B2 of Coral Park Commercial Condominiums
- Currently fully leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,716
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
11
Office units
100%
Occupancy
Multi-tenant
Tenancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Fully leased office configuration with separate suites within Coral Park Commercial Condominiums.
Where is this office unit 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 of Coral Park Commercial Condominiums; Currently fully leased
