Executive Office
5500 Frederica Road, St Simons Island, GA 31522
For Sale
Contact for pricing
Private offices include access to shared kitchen and conference facilities, with utilities included in the lease.
Property Size13,000 SF
Price / SF$0.04
Days on Market91
Property Features for 5500 Frederica Road
General Information
Standard status
Size
Property subtype
Additional Details
Property Use
Amenities
kitchen
conference
Building Details
Year Built
Listing Agency:
Phoenix Realty Group
(912) 268-4069
Listed By:
Kirk Watson · License GA #284845
(912) 222-5480
Source:
Heiserrealestategroup
Added: Aug 13
Changed: Nov 10
Last Checked: Nov 10 at 8:34AM
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 Phoenix Realty Group
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Investment Insights
Based on property information with market context.
Private executive office suites are available in a 13,000-square-foot office property built in 2008. Individual spaces range from 137 to 175 square feet, with access to a kitchen and conference facilities. Utilities are included as part of the lease.
Key Highlights
- Office property totals 13,000 square feet
- Private suites range from 137–175 SF
- Shared kitchen and conference facilities available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,327
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,646,540
$2.6M
Cap Rate 7%
$1,890,386
$1.9M
Cap Rate 9%
$1,470,300
$1.5M
Market Conditions
NOI Build-Up for 13,000 SF
Gross rent
$226.2K $17.40/SF
− Vacancy
−$49.8K −$3.83/SF
EGI
$176.4K $13.57/SF
− OpEx
−$44.1K −$3.39/SF
NOI
$132.3K $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%
$2,646,540
Cap Rate 7%
$1,890,386
Cap Rate 9%
$1,470,300
Alternative Uses
Best Use
Office B
$1.89M
$1.65M – $2.21M
NOI $132,327 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.70M
$2.36M – $3.15M
NOI $188,860 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
112
Businesses Nearby
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Business Placement
Demographics for 31522, GA
16,892
Population
12,241
Households
1.4
Avg Household Size
57
Median Age
56%
College-Educated
96%
High-School Grad
53.4 sq mi
ZIP Area
316
Density / Sq Mi
$106,413
Median Household Income
$63,077
Median Earnings
$1,723
Median Rent
$498,300
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Glynn County, GA
Properties on Market for Office Units in Glynn County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Private offices include access to shared kitchen and conference facilities, with utilities included in the lease.
Where is this office unit located?
The property is located at 5500 Frederica Road St Simons Island, GA.
What are key features of this property?
This property features: Office property totals 13,000 square feet; Private suites range from 137–175 SF; Shared kitchen and conference facilities available
