Flexible Office or
For Sale
$199,000
1002 Slater St., Valdosta, GA 31601
COMMERCIAL - Valdosta, GA
Property Size1,596 SF
Lot Size0.17 Acres
Price / SF$124.69
Days on Market98
Property Features for 1002 Slater St.
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RP
Subdivision
Force
Standard status
Active
APN
0118A 319
Size
1,596 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PT LT 5&6 BK 14 C O FORCE
Tax Annual Amount
2552
Legal Description
PT LT 5&6 BK 14 C O FORCE
Building Details
Year built
1930
Listing Agency:
Georgia Florida Real Estate Services
(229) 560-2081
Listed By:
Melissa Sherwood
(229) 561-0232
Added: Apr 24
Changed: Jul 14
Last Checked: Jul 30 at 5:06PM
MLS# 153449
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 office-configured property is laid out with multiple private offices, spacious conference rooms, and a reception or common area, along with a full kitchen. It is handicap accessible, supporting a range of professional and occupant needs.
The site includes ample on-site parking for clients, employees, or residents. The property is situated in an area characterized by established professional offices, and it is positioned for convenient access to similar uses.
Zoning is listed as RP, and the property is described as having residential or professional office potential subject to applicable zoning and local approvals. With its adaptable interior configuration and parking accommodations, it may appeal to owner-users seeking a professional workspace or buyers interested in conversion possibilities.
The site includes ample on-site parking for clients, employees, or residents. The property is situated in an area characterized by established professional offices, and it is positioned for convenient access to similar uses.
Zoning is listed as RP, and the property is described as having residential or professional office potential subject to applicable zoning and local approvals. With its adaptable interior configuration and parking accommodations, it may appeal to owner-users seeking a professional workspace or buyers interested in conversion possibilities.
Key Highlights
- Year built 1930 property configured as an office
- Office layout includes multiple private offices, spacious conference rooms, and a reception/common area
- Includes a full kitchen and is handicap accessible
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.1k | $13.20 |
| − Vacancy | −$4.6k | −$2.90 |
| EGI | $16.4k | $10.30 |
| − OpEx | −$4.1k | −$2.57 |
| NOI | $12.3k | $7.72 |
1,596 SF · lease $13.20/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$176.1K
$154.1K – $205.4K
NOI $12,324 @ 7.0% cap · market cap 6.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$242.3K
$212.0K – $282.7K
NOI $16,961 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,036
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 units - Office-configured property includes private offices, conference rooms, a reception area, a full kitchen, and handicap accessibility.
Where is this office units located?
The property is located at 1002 Slater St. Valdosta, GA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Year built 1930 property configured as an office; Office layout includes multiple private offices, spacious conference rooms, and a reception/common area; Includes a full kitchen and is handicap accessible
