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

    4240 New Jesup Hwy Brunswick, GA 31520-1645

    • Office Properties & Spaces
    • 0.60 lot acres
    OFF-MARKET
    Last Sale
    Sep 23, 2024
    $350,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-2330118
    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

    • Easy Ride Auto Sales / Car Dealership

    Property Details for 4240 New Jesup Hwy

    Year built
    1989
    Lot size
    0.60 lot acres
    Zone code
    HC
    Property type
    Office Properties & Spaces
    APN
    03-10689
    APU
    310689

    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
    -81.5064
    Latitude
    31.1994
    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
    $1,075
    $24,000
    $20,640
    $44,640
    -
    $60,000
    $51,600
    $111,600

    Comparable in this City

    • Value Estimation by Request
      27,057 SF

      1200 Fountain Park Cir

      Medical offices • 27,057 SF
      1200 Fountain Park Cir, Brunswick, GA 31520
      View Details
    • Value Estimation by Request
      0.26 Acres

      2818 Hunter St

      OFFICE (GENERAL) • 0.26 Acres
      2818 Hunter St, Brunswick, GA 31520-4822
      View Details
    • Value Estimation by Request
      0.29 Acres

      1609 R St

      OFFICE (GENERAL) • 0.29 Acres
      1609 R St, Brunswick, GA 31520-4663
      View Details
    • Value Estimation by Request
      0.07 Acres

      1923 Norwich St

      OFFICE (GENERAL) • 0.07 Acres
      1923 Norwich St, Brunswick, GA 31520
      View Details
    • Value Estimation
      $700,000
      0.13 Acres

      1313 Newcastle St

      OFFICE (GENERAL) • 0.13 Acres
      1313 Newcastle St, Brunswick, GA 31520-7281
      View Details
    • Value Estimation by Request
      1,798 SF

      708 G St

      OFFICE (GENERAL) • 1,798 SF
      708 G St, Brunswick, GA 31520-6749
      View Details

    Similar Nearby for Sale

    • $182,900
      0.02 Acres

      Downtown Brunswick Mixed-Use Opportunity

      Mixed-use property in downtown Brunswick, suitable for various businesses.
      1425 Union St, Brunswick, GA 31520
      View Details
    • Contact for pricing
      0.22 Acres

      Executive Suites in Brunswick, GA

      Executive office suites available for lease with utilities included.
      1801 Gloucester St, Brunswick, GA 31520
      View Details
    • Contact for pricing
      358 SF

      Downtown Brunswick Office Space Available

      Second-floor office suite in historic downtown Brunswick building for lease.
      400 Gloucester St, Brunswick, GA 31520
      View Details
    • Contact for pricing
      0.62 Acres

      Downtown Brunswick Ground Floor Office

      Ground floor office space in downtown Brunswick with shared parking.
      808 Gloucester St, Brunswick, GA 31520
      View Details
    • Contact for pricing
      1,408 SF

      Office Space in Brunswick, GA

      Commercial space for sale featuring hardwood floors and network cabling.
      2219 Gloucester St, Brunswick, GA 31520
      View Details
    • New
      $219,900
      2,912 SF

      Updated Commercial Building in Brunswick

      Recently updated commercial building with active tenant near downtown Brunswick.
      1708 Norwich Street Ext, Brunswick, GA 31520
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      24,000 SF

      Downtown Brunswick Office Space

      Historic building, 5,000 SF available
      1608 Newcastle St, 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
    • $14 SF/Yr
      37,800 SF

      Scranton Landing Office Suites

      Brunswick, GA: Prime Office Space Available
      650 Scranton Rd, 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
    • 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
    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.
    4240 New Jesup Hwy
    Brunswick, GA 31520-1645
    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.