Office Building with R-P
1115 Slater St #2, Valdosta, GA 31602
For Sale
New
$259,900
The interior includes eight potential bedrooms, two full bathrooms, a half bathroom, and one kitchen.
Property Size1,976 SF
Price / SF$131.53
Days on Market5
Property Features for 1115 Slater St #2
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Currently Operating
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
Ceiling Fan(s)
Building Details
Building Size
Year Built
Stories
Abandoned
Listing Agency:
Southern Classic Realtors
(678) 635-8877
Listed By:
Samuel Straka · License GA #406171
(229) 561-9938
Source:
Garnerrealtygroupllc
Added: Nov 7
Changed: Nov 8
Last Checked: Nov 10 at 8:11PM
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 Southern Classic Realtors
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Investment Insights
Based on property information with market context.
This 1,976-square-foot office property has R-P zoning and is currently configured for use as a real estate office. Its layout includes eight potential bedrooms, two full bathrooms, one half bathroom, and a kitchen. Four separate entrances support the property's flexible internal configuration. The building was constructed in 1976 and has a new fence and new HVAC.
The property borders the VSU campus and is within walking distance of the campus and nearby amenities.
The property borders the VSU campus and is within walking distance of the campus and nearby amenities.
Key Highlights
- 1,976 square feet; built in 1976
- R‑P zoning
- Eight potential bedrooms, two full bathrooms, one half bathroom, and one kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,259
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,180
$305.2K
Cap Rate 7%
$217,986
$218.0K
Cap Rate 9%
$169,544
$169.5K
Market Conditions
NOI Build-Up for 1,976 SF
Gross rent
$26.1K $13.20/SF
− Vacancy
−$5.7K −$2.90/SF
EGI
$20.3K $10.30/SF
− OpEx
−$5.1K −$2.57/SF
NOI
$15.3K $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%
$305,180
Cap Rate 7%
$217,986
Cap Rate 9%
$169,544
Alternative Uses
Best Use
Office B
$218.0K
$190.7K – $254.3K
NOI $15,259 @ 7.0% cap · market cap 5.87%
Second Best
Multifamily LT 5
$188.5K
$164.9K – $219.9K
NOI $13,192 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$300.0K
$262.5K – $350.0K
NOI $20,999 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
803
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 31602, GA
35,999
Population
15,201
Households
2.4
Avg Household Size
33
Median Age
32%
College-Educated
89%
High-School Grad
39.9 sq mi
ZIP Area
902
Density / Sq Mi
$55,980
Median Household Income
$34,919
Median Earnings
$1,046
Median Rent
$197,100
Median Home Value
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Market
Average Price Trend$/SF for Office Spaces in Valdosta, GA
Properties on Market for Office Spaces in Valdosta
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office space - The interior includes eight potential bedrooms, two full bathrooms, a half bathroom, and one kitchen.
Where is this office space located?
The property is located at 1115 Slater St #2 Valdosta, GA.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: 1,976 square feet; built in 1976; R‑P zoning; Eight potential bedrooms, two full bathrooms, one half bathroom, and one kitchen
