Spa & Wellness Property with
For Sale
$249,000
110 W Adair St, Valdosta, GA 31601
Commercial Sale, Valdosta, GA
Property Size2,262 SF
Lot Size0.21 Acres
Price / SF$110.08
Days on Market92
Property Features for 110 W Adair St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R-P
Subdivision
Slater, Ashley
Standard status
Active
APN
0118A 076
Size
2,262 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
in listing office
Tax Annual Amount
1863
Legal Description
in listing office
Listing Agency:
COLDWELL BANKER PREMIER REAL E
(229) 244-3535
Listed By:
John Courson
(229) 251-4632
Added: Jul 23
Changed: Oct 17
Last Checked: Oct 22 at 8:06PM
MLS# 154470
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.
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Investment Insights
Based on property information with market context.
Located at 110 W Adair St in Valdosta, this 2,262-square-foot property occupies a 0.21-acre lot and combines a historic residence-style building with a commercial interior layout. The structure contains six rooms and three bathrooms, along with a detached 400-square-foot garage. Its configuration includes two private spa suites and a salon area arranged for two styling stations.
The property is zoned R-P, and the existing commercial use is permitted. The layout has supported four to five independent professionals, with month-to-month occupancy by two spa professionals and two hairstylists. The space can continue serving wellness and personal-care operators or be adapted for another professional-service use. Salon equipment and fixtures are excluded from the sale but may be purchased separately.
The property is zoned R-P, and the existing commercial use is permitted. The layout has supported four to five independent professionals, with month-to-month occupancy by two spa professionals and two hairstylists. The space can continue serving wellness and personal-care operators or be adapted for another professional-service use. Salon equipment and fixtures are excluded from the sale but may be purchased separately.
Key Highlights
- 2,262 SF building on a 0.21‑acre lot
- Six rooms and three bathrooms in the main building
- Two private spa suites plus a two‑chair salon
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,467
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,340
$349.3K
Cap Rate 7%
$249,529
$249.5K
Cap Rate 9%
$194,078
$194.1K
Market Conditions
NOI Build-Up for 2,262 SF
Gross rent
$29.9K $13.20/SF
− Vacancy
−$6.6K −$2.90/SF
EGI
$23.3K $10.30/SF
− OpEx
−$5.8K −$2.57/SF
NOI
$17.5K $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 Rate 5%
$349,340
Cap Rate 7%
$249,529
Cap Rate 9%
$194,078
Alternative Uses
Best Use
Office B
$249.5K
$218.3K – $291.1K
NOI $17,467 @ 7.0% cap · market cap 7.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$343.4K
$300.5K – $400.7K
NOI $24,039 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,326
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Spa & wellness property - Historic-style commercial building with adaptable rooms, spa suites, salon capacity, and zoning supporting its existing commercial use.
Where is this spa & wellness property located?
The property is located at 110 W Adair St Valdosta, GA.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 2,262 SF building on a 0.21‑acre lot; Six rooms and three bathrooms in the main building; Two private spa suites plus a two‑chair salon
