Versatile Office Property For
1115 Slater Valdosta, GA 31601
1115 Slater, Valdosta, GA, 31601
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For Sale
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Office property with executive offices, multiple entrances, and R-P zoning.
Property Size1,976 SF
Price / SF$131.53
Days on Market58
Property Features for 1115 Slater
General Information
- Standard status
- Active
- Size
- 1,976 SF
- Property subtype
- Office
Building Details
- Year Built
- 1976
Listing Agency
Southern Classic Realtors
Listed by
Samuel Straka · License #GA
Source
Crexi
Added: May 21 Checked: Jul 14 at 9:20 pm
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
Investment Insights
Based on property information with market context.
This versatile office property features a total of 8 executive offices, a reception area, kitchenette, and 3 bathrooms. The property's R-P zoning lends itself to a variety of uses. Four separate entrances allow for easy subdividing into multiple layouts. It is located within walking distance of amenities and VSU. The property currently functions as a real estate office. Noteworthy features include a new fence, a new commercial HVAC unit, and a fenced storage area in the rear of the building. The property has a size of 1976 square feet.
Key Highlights
- Four separate entrances allow for easy subdividing into multiple layouts.
- Desirable R‑P zoning lends itself to a variety of uses.
- Great location within walking distance of VSU and amenities.
Local 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 | $26.1k | $13.20 |
| − Vacancy | −$5.7k | −$2.90 |
| EGI | $20.3k | $10.30 |
| − OpEx | −$5.1k | −$2.57 |
| NOI | $15.3k | $7.72 |
1,976 SF · lease $13.20/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$218.0K
$190.7K – $254.3K
NOI $15,259 @ 7.0% cap · market cap 5.87%
Second Best
—
—
no second resolved use
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
SpiMix Realty
Property Management Company
Chris Tafoya of Southern ...
Real Estate Agency
Mary Straka, Realtor
Real Estate Agency
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FAQs
What type of property is this?
Office units - Office property with executive offices, multiple entrances, and R-P zoning.
Where is this office units located?
The property is located at 1115 Slater 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: Four separate entrances allow for easy subdividing into multiple layouts.; Desirable R‑P zoning lends itself to a variety of uses.; Great location within walking distance of VSU and amenities.
