Building Details

Buildings 1

Stories 2

Listing Agency: THE HERNDON COMPANY h***@herndoncompany.com Show Phone

Listed By: Suzanne Montgomery · License #211611 Show Phone

Source: Exprealty

Added: Apr 10 Changed: Oct 15 Last Checked: Oct 15 at 1:05AM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of THE HERNDON COMPANY

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This two-story bank building combines substantial interior updates with retained architectural details. Renovated counters, ceilings, windows, and walls complement an existing lobby finished with original marble counters. Chandeliers and extensive windows add distinctive character while bringing natural light throughout the interior.

An outdoor brick patio extends the property’s usable setting beyond the building. The property measures 1,680 square feet and presents a preserved commercial building with a blend of historic detailing and contemporary improvements.

Key Highlights

• Two‑story bank building with 1,680 square feet
• Updated counters, ceilings, windows, and walls
• Lobby features original marble counters

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,501

Cap Rate

6.20%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$310,020 $310.0K

Cap Rate 7%

$221,443 $221.4K

Cap Rate 9%

$172,233 $172.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,680 SF

Gross rent

$22.2K $13.20/SF

− Vacancy

−$1.5K −$0.90/SF

EGI

$20.7K $12.30/SF

− OpEx

−$5.2K −$3.08/SF

NOI

$15.5K $9.23/SF

Area

Lowndes County, GA

Vacancy

6.80%

Lease Rate

$13.20 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$310,020

Cap Rate 7%

$221,443

Cap Rate 9%

$172,233

Alternative Uses

Best Use

Specialty Retail

$221.4K

$193.8K – $258.4K (±1% cap)

NOI $15,501 @ 7.0% cap · market cap 6.20%

Second Best

Retail

$189.5K

$165.8K – $221.0K (±1% cap)

NOI $13,262 @ 7.0% cap · market cap 5.30%

Theoretical Best

Office A

$255.1K

$223.2K – $297.6K (±1% cap)

NOI $17,854 @ 7.0% cap · market cap 7.14%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Banks

Suggested Use

Top Pick Dental Office Storage Facility Pharmacy Cafe & Coffee Shop Electrical Service Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,272

Businesses Nearby

34k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 47% Dining 37% Home Improvements & Furnishings 13% Electronics 2%

Church's Chicken Dining

9,867 visits/mo 0.1 miles

Family Dollar Shops & Services

5,195 visits/mo 0.2 miles

Langdale Ford Shops & Services

4,086 visits/mo 0.5 miles

SUBWAY Dining

2,656 visits/mo 0.4 miles

True Value Hardware Home Improvements & Furnishings

2,323 visits/mo 0.2 miles

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 Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Similar For Sale Nearby

See more

Auto Shop with New Roof

4722 Bemiss Road, Valdosta, GA 31605

$325,000

1,620 SF

View details

Office Building with Flexible Layout

1115 Slater, Valdosta, GA 31601

$259,900

1,976 SF

View details

Duplex Property Near Campus

2-1115 Slater St, Valdosta, GA 31601

$259,900

1,976 SF

View details

Brick Corner Commercial Building

501 N Toombs St, Valdosta, GA 31601

$300,000

1,898 SF

View details

Office Unit With Rear Access

120 W. Hill Avenue, Valdosta, GA 31601

$170,000

1,767 SF

View details

Brick Office Building with Lobby

3901 Forrest Street Ext, Valdosta, GA 31605

$399,900

1,731 SF

View details

Duplex Under Construction

312 Tomlinson Drive, Valdosta, GA 31602

$295,000

1,924 SF

View details

Spa & Wellness Property with Garage

110 W Adair St, Valdosta, GA 31601

$249,000

2,262 SF

View details

Church Facility with Updated Roof

1244 N Lee, Valdosta, GA 31602

$349,900

1,900 SF

View details

Occupied Two-Unit Duplex

3200 Tyndall Drive, Valdosta, GA 31602

$255,000

2,280 SF

View details

Duplex with New Roof

3201 Tyndall Drive, Valdosta, GA 31602

$240,000

0.18 Acres

View details

Two-Unit Duplex with Separate Metering

6010 Susan Circle, Valdosta, GA 31605

$375,000

2,123 SF

View details

Frequently Asked Questions

What type of property is this?

Bank - Updated interior retains original marble counters, chandeliers, and an outdoor brick patio.

Where is this bank located?

The property is located at 103 S Lee St Valdosta, GA.

What is the asking price?

The asking price for this property is $250,000.

What are key features of this property?

This property features: Two‑story bank building with 1,680 square feet; Updated counters, ceilings, windows, and walls; Lobby features original marble counters