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

    1608 Newcastle St Brunswick, GA 31520

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Historic building, 5,000 SF available

    Lot size:
    24,000 SF

    Property Features for 1608 Newcastle St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    24,000 SF
    Class
    C
    Total Rate
    40000

    Building Details

    Year Built
    1925
    Stories
    2

    Spaces For Lease

    at 1608 Newcastle St, Brunswick, GA 31520 Contact us
    Unit Available Space 1

    $20 /Mo

    Size
    5,000 SF
    Contact us

    We can help!

    Listing Contact
    Robert Driggers
    Robert Driggers

    Listing Agency: Driggers Commercial Group Listing Agent: Robert Driggers

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

    Learn more

    Overview

    This exceptional commercial space, located at 1608 Newcastle Street in historic downtown Brunswick, Georgia, offers 5,000 square feet of adaptable office space within a larger 24,000 square foot building. Built in 1925, this two-story Class C building boasts charming architectural details including high ceilings, exposed brick walls, and large windows, creating a unique and inviting atmosphere. The space is currently divisible and features several private offices, a spacious open bullpen area, and access to multiple-fixture restrooms. Security is enhanced by secured entry points at both the front and rear of the building. Limited private parking is available in the rear for building tenants, supplemented by ample street parking. The property is zoned GCCORE and its Glynn County APN is 01-01996. The lease rate is $20 per square foot, with utilities, interior cleaning, and minor repairs the responsibility of the tenant. Tenant finish-out is negotiable. This presents a fantastic opportunity for businesses seeking a distinctive and well-located office space in the heart of Brunswick. The zip code is 31520.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Brunswick
    County
    Glynn
    State
    Georgia
    Longitude
    -81.4958144
    Latitude
    31.150905

    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
    • $20 SF/Yr
      5,000 SF

      Downtown Brunswick Historic Office Space

      Historic downtown Brunswick commercial space with high ceilings and brick walls.
      1610 Newcastle St, 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
      3,416 SF

      High Visibility Commercial Building

      Commercial building with drive-through potential in high-traffic area.
      4501 Altama 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
    • Contact for pricing

      Drive-Thru Restaurant Space Available

      Freestanding building with drive-thru, renovated interior, strong signage.
      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
    • Contact for pricing
      7,980 SF

      Retail Space in Brunswick, GA

      7,980 SF retail property available for lease.
      303-363 Venture Dr, Brunswick, GA 31525
      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
    • $28 SF/Yr
      27,057 SF

      Parkwood Village Office Suites

      Brunswick, GA Medical/Executive Offices
      1200 Fountain Park Cir, Brunswick, GA 31520
      View Details

    FAQs

    What type of property is this?
    Restaurant - Historic building, 5,000 SF available
    Where is this restaurant located?
    The property is located at 1608 Newcastle St Brunswick, GA.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: 5,000 SF of adaptable office space in a 24,000 SF building at 1608 Newcastle Street, Brunswick, GA 31520.; 1925-built, two-story Class C building with high ceilings, exposed brick, and large windows.; Divisible space including private offices, open bullpen, and multiple restrooms.
    (912) 506-9837 Call to check price and availability
    Request Owner's contact information
    1608 Newcastle St Brunswick, GA 31520
    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.
    1608 Newcastle St
    Brunswick, GA 31520
    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
    1608 Newcastle St Brunswick, GA 31520
    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 Robert Driggers
    Robert Driggers
    Real Estate License ID: 278693
    (912) 506-9837 (912) 634-5900
    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!