Four-Unit Flex
693 Wilson Circle, St Simons Island, GA 31522
For Sale
Contact for pricing
General commercial zoning allows a broad range of residential, institutional, commercial, and industrial uses.
Property Size5,940 SF
Price / SF$0.44
Days on Market63
Property Features for 693 Wilson Circle
General Information
Standard status
Size
Property subtype
Zoning
Building Details
Year Built
Listing Agency:
John Bailey Realty, Inc.
(770) 484-7888
Listed By:
Robert Bailey · License GA #401559
(678) 313-1247
Source:
Heiserrealestategroup
Added: Sep 10
Changed: Nov 10
Last Checked: Nov 10 at 8:41AM
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 John Bailey Realty, Inc.
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Investment Insights
Based on property information with market context.
Four units, designated D through G, comprise 5,940 SF of flex space. Individual units range from 1,440 to 1,550 square feet, and the property was built in 1996.
General commercial zoning supports a wide range of listed uses, including offices, retail, food service, group living, civic uses, craft manufacturing, and wholesale trade.
General commercial zoning supports a wide range of listed uses, including offices, retail, food service, group living, civic uses, craft manufacturing, and wholesale trade.
Key Highlights
- 5,940 SF across Units D, E, F, and G
- Four units ranging from 1,440 to 1,550 square feet each
- General commercial zoning includes a broad range of listed uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,059
Suggested Prices Based on Cap Rates
Cap Rate 5%
$541,180
$541.2K
Cap Rate 7%
$386,557
$386.6K
Cap Rate 9%
$300,656
$300.7K
Market Conditions
NOI Build-Up for 5,940 SF
Gross rent
$41.3K $6.96/SF
− Vacancy
−$2.7K −$0.45/SF
EGI
$38.7K $6.51/SF
− OpEx
−$11.6K −$1.95/SF
NOI
$27.1K $4.56/SF
Area
Glynn County, GA
Vacancy
6.50%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$541,180
Cap Rate 7%
$386,557
Cap Rate 9%
$300,656
Alternative Uses
Best Use
Flex RnD
$455.7K
$398.8K – $531.7K
NOI $31,900 @ 7.0% cap
Second Best
Industrial
$386.6K
$338.2K – $451.0K
NOI $27,059 @ 7.0% cap
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,294 @ 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
453
Businesses Nearby
Under-served
Demand for This Use
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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
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - General commercial zoning allows a broad range of residential, institutional, commercial, and industrial uses.
Where is this flex space located?
The property is located at 693 Wilson Circle St Simons Island, GA.
What are key features of this property?
This property features: 5,940 SF across Units D, E, F, and G; Four units ranging from 1,440 to 1,550 square feet each; General commercial zoning includes a broad range of listed uses
