Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    3501 Altama Ave Brunswick, GA 31520-3629

    • Commercial real estate
    • 0.33 lot acres
    OFF-MARKET
    Last Sale
    Jan 09, 2025
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-2102878
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Brunswick Orthotics & Prosthetics / Orthotics & Prosthetics Service

    Property Details for 3501 Altama Ave

    Lot size
    0.33 lot acres
    Zone code
    HC
    Property type
    Commercial real estate
    APN
    03-08154
    APU
    308154

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Brunswick
    County
    Glynn
    State
    Georgia
    Longitude
    -81.4899
    Latitude
    31.1799
    CBSA code
    15260
    CBSA name
    BRUNSWICK, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $1,253
    $12,096
    $39,960
    $52,056
    -
    $30,240
    $99,900
    $130,140

    Comparable in this City

    • Value Estimation by Request

      204 Harrison Lnc

      COMMERCIAL CONDOMINUIM
      204 Harrison Lnc, Brunswick, GA 31520-1959
      View Details
    • Value Estimation by Request
      10.16 Acres

      87 Golden Isle Plz

      COMMERCIAL (GENERAL) • 10.16 Acres
      87 Golden Isle Plz, Brunswick, GA 31520-1935
      View Details
    • Value Estimation by Request
      0.14 Acres

      12 Pne St

      COMMERCIAL (GENERAL) • 0.14 Acres
      12 Pne St, Brunswick, GA 31520-2618
      View Details
    • Value Estimation by Request
      0.52 Acres

      270 Rose Dr

      COMMERCIAL (GENERAL) • 0.52 Acres
      270 Rose Dr, Brunswick, GA 31520-2930
      View Details
    • Value Estimation by Request
      0.80 Acres

      657 Scranton Rd

      COMMERCIAL CONDOMINUIM • 0.80 Acres
      657 Scranton Rd, Brunswick, GA 31520-1920
      View Details
    • Value Estimation by Request
      1.03 Acres

      1901 Stonewall St

      COMMERCIAL (GENERAL) • 1.03 Acres
      1901 Stonewall St, Brunswick, GA 31520-6345
      View Details

    Similar Nearby for Sale

    • $425,000
      5,000 SF

      Prime Brunswick Commercial Property

      Large Church Building, 1.21 Acres
      3740 Habersham St, Brunswick, GA 31520
      View Details
    • $595,000
      2,780 SF

      Prime Brunswick Restaurant Property

      High-traffic location, established tenant, strong ROI.
      3460 Cypress Mill Rd, Brunswick, GA 31520
      View Details
    • $439,500
      0.37 Acres

      Downtown Buildable Lot in Brunswick

      0.37 acre lot in Downtown Brunswick's Business District.
      1320 Bay St, Brunswick, GA 31520
      View Details
    • $1,350,000
      5,345 SF

      Medical Office in Hampton Park

      1.5 story medical office near Southeast Georgia Regional Medical Center.
      3226 Hampton Ave, Brunswick, GA 31520
      View Details
    • $459,000

      Brunswick GA Commercial Office Suites

      4,000 SF office suite property, fully leased, great income.
      4216 Coral Park Dr, Brunswick, GA 31520
      View Details
    • $1,250,000
      0.60 Acres

      Brunswick Commercial Building Near Hospital

      5,300 SF commercial building suitable for medical or general office.
      2300 Parkwood Dr, Brunswick, GA 31520
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      37,800 SF

      Scranton Landing Office Suites

      Brunswick, GA: Prime Office Space Available
      650 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
    • 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
    • $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
      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
      152,643 SF

      Golden Isles Plaza Retail Space

      Brunswick, GA: Prime Retail Opportunity
      211 Golden Isles Plz, Brunswick, GA 31520
      View Details
    Request Owner's contact information
    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.
    3501 Altama Ave
    Brunswick, GA 31520-3629
    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
    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

    Google sign-in failed. Please try again or use another login method.