Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    303 Venture Dr Brunswick, GA 31525

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Glynn County Strip Mall, High Traffic

    Lot size:
    52,365 SF

    Property Features for 303 Venture Dr

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    52,365 SF

    Spaces For Lease

    at 303 Venture Dr, Brunswick, GA 31525 Contact us

    We can help!

    Listing Contact
    Denbeigh Marchant
    Denbeigh Marchant

    Listing Agency: Wheeler (WHLR) Real Estate Investment Trust - Corporate Listing Agent: Denbeigh Marchant

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Parkway Plaza, a thriving 52,365 square foot retail strip center in Glynn County, Georgia, presents an exceptional investment opportunity. Strategically located along Golden Isles Parkway with convenient I-95 access, this property benefits from its proximity to the popular tourist destinations of St. Simons Island, Sea Island, and Jekyll Island, attracting over 1.5 million visitors annually. Currently, there are two available spaces, with a minimum divisible space of 1,600 square feet and a maximum contiguous space of 7,980 square feet; a total of 9,580 square feet is currently vacant. The center boasts a strong tenant mix, including a newly established Aldi, Subway, LA Nails, Chinatown, and Lucky Star Tobacco & Vape, contributing to a remarkable customer retention rate reflected in a visit frequency of 4.87. Ample parking is provided with 267 spaces available for customers and employees. This prime location and established tenant base make Parkway Plaza an ideal investment for businesses seeking high visibility and strong foot traffic in a rapidly growing area. The property offers a unique chance to capitalize on the consistent tourism and local consumer base of Glynn County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    China Town Restaurant china panda Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brunswick
    County
    Glynn
    State
    Georgia
    Longitude
    -81.50706
    Latitude
    31.247933

    Nearby Similar for Lease

    • Contact for pricing

      Glynn County Flex Warehouse Space

      Flex warehouse space for lease or sale in central Glynn County.
      114 Newman Dr, Brunswick, GA 31520
      View Details
    • Contact for pricing

      Parkway Plaza Retail Sublease Opportunity

      14,625 SF junior anchor box available for sublease.
      341 Venture Dr, Brunswick, GA 31525
      View Details
    • Contact for pricing

      Lanier Plaza Retail Opportunity

      Retail space available in high-traffic shopping center near St. Simons.
      1941 Glynn Ave, Brunswick, GA 31520
      View Details
    • Contact for pricing
      3,852 SF

      Frederica Road Retail Space

      Retail space available on Frederica Road, Saint Simons Island.
      1600 Frederica Rd, Saint Simons Island, GA 31522
      View Details
    • $28 SF/Yr
      27,057 SF

      Parkwood Village Office Suites

      Brunswick, GA Medical/Executive Offices
      1200 Fountain Park Cir, Brunswick, GA 31520
      View Details
    • $20 SF/Yr
      24,000 SF

      Downtown Brunswick Office Space

      Historic building, 5,000 SF available
      1608 Newcastle St, Brunswick, GA 31520
      View Details
    • Contact for pricing

      Drive-Thru Restaurant Space Available

      Freestanding building with drive-thru, renovated interior, strong signage.
      90 Scranton Connector, Brunswick, GA 31525
      View Details
    • Contact for pricing
      1,800 SF

      Retail and Office Space Available

      Retail and office spaces available in a commercial complex.
      664 Scranton Rd, Brunswick, GA 31520
      View Details
    • $12 SF/Yr
      994 SF

      Prime Brunswick Office Space

      994 SF Office in Five Points Shopping Center
      2810 Altama Ave, Brunswick, GA 31520
      View Details
    • $22 SF/Yr
      1,643 SF

      Brunswick Office Building For Lease

      Prime Brunswick office space, multiple suites available.
      777 Gloucester St, Brunswick, GA 31520
      View Details
    • Contact for pricing
      18,940 SF

      Varsity Plaza: Brunswick Office Space

      Prime Brunswick location, renovated office suites.
      3601 Altama Ave, Brunswick, GA 31520
      View Details

    FAQs

    What type of property is this?
    Neighborhood center - Glynn County Strip Mall, High Traffic
    Where is this neighborhood center located?
    The property is located at 303 Venture Dr Brunswick, GA.
    What are key features of this property?
    This property features: 52,365 square foot retail strip center in Glynn County.; Multiple tenancy with 9,580 square feet of vacant space available.; Spaces range from 1,600 to 7,980 contiguous square feet.
    (757) 627-9088 Call to check price and availability
    Request Owner's contact information
    303 Venture Dr Brunswick, GA 31525
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    303 Venture Dr
    Brunswick, GA 31525
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    303 Venture Dr Brunswick, GA 31525
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Denbeigh Marchant
    Denbeigh Marchant
    Real Estate License ID: VA0225189518
    (757) 627-9088 (757) 567-2883
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!