Brick Corner Commercial
For Sale
$300,000
501 N Toombs St., Valdosta, GA 31601
COMMERCIAL - Valdosta, GA
Property Size1,898 SF
Lot Size0.27 Acres
Price / SF$158.06
Days on Market48
Property Features for 501 N Toombs St.
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-C
Subdivision
Toombs
Standard status
Active
APN
0118C 092
Size
1,898 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CRN Toombs Rogers
Tax Annual Amount
2348
Legal Description
CRN Toombs Rogers
Building Details
Year built
1999
Listing Agency:
Georgia Florida Real Estate Services
(229) 560-2081
Listed By:
Melissa Sherwood
(229) 561-0232
Added: Jul 2
Last Checked: Aug 18 at 10:06PM
MLS# 154255
Copyright © 2026 South Georgia MLS (Valdosta). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-constructed brick commercial building is set on a prominent corner lot and offers a flexible floor plan designed for multiple business types. The interior includes an expansive open area along with dedicated storage, supporting a variety of office, showroom, service, and commercial uses. The property also provides on-site parking for customers, clients, and employees, which helps accommodate day-to-day operations and client visits. The building is currently being used as a colocation facility.
The asset’s corner-lot positioning is intended to support visibility and convenient access for incoming visitors and staff. With parking on site, the layout is built to serve both operating tenants and owner-occupants looking for a practical, adaptable commercial footprint.
For tenants and buyers, the combination of an open-plan interior, dedicated storage, and customer/employee parking provides straightforward options for reconfiguration within the existing shell. The property’s current colocation use may also align with operators seeking a space that already supports that type of function while maintaining flexibility for other commercial, office, showroom, or service-related applications under the C-C zoning designation.
The asset’s corner-lot positioning is intended to support visibility and convenient access for incoming visitors and staff. With parking on site, the layout is built to serve both operating tenants and owner-occupants looking for a practical, adaptable commercial footprint.
For tenants and buyers, the combination of an open-plan interior, dedicated storage, and customer/employee parking provides straightforward options for reconfiguration within the existing shell. The property’s current colocation use may also align with operators seeking a space that already supports that type of function while maintaining flexibility for other commercial, office, showroom, or service-related applications under the C-C zoning designation.
Key Highlights
- Brick commercial building built in 1999
- Strategically positioned on a corner lot with on‑site parking for customers, clients, and employees
- Flexible floor plan with expansive open area and dedicated storage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,656
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$293,120
$293.1K
Cap Rate 7%
$209,371
$209.4K
Cap Rate 9%
$162,844
$162.8K
Market Conditions
NOI Build-Up for 1,898 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$25.1K $13.20/SF
− Vacancy
−$5.5K −$2.90/SF
EGI
$19.5K $10.30/SF
− OpEx
−$4.9K −$2.57/SF
NOI
$14.7K $7.72/SF
Area
Lowndes County, GA
Vacancy
22.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$293,120
Cap Rate 7%
$209,371
Cap Rate 9%
$162,844
Alternative Uses
Best Use
Office B
$209.4K
$183.2K – $244.3K
NOI $14,656 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$288.1K
$252.1K – $336.2K
NOI $20,170 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,304
Businesses Nearby
Explore this area
Business Placement
Demographics for 31601, GA
32,331
Population
14,345
Households
2.3
Avg Household Size
33
Median Age
15%
College-Educated
82%
High-School Grad
159.0 sq mi
ZIP Area
203
Density / Sq Mi
$34,846
Median Household Income
$28,878
Median Earnings
$872
Median Rent
$112,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Flexible interior layout with dedicated storage and on-site parking, currently operating as a colocation facility.
Where is this office building located?
The property is located at 501 N Toombs St. Valdosta, GA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Brick commercial building built in 1999; Strategically positioned on a corner lot with on‑site parking for customers, clients, and employees; Flexible floor plan with expansive open area and dedicated storage
