Office Building with Multiple
For Sale
$259,900
1115 Slater Street, Valdosta, GA 31601
RP zoning and four separate entrances support flexible office configurations.
Property Size1,976 SF
Price / SF$131.53
Days on Market162
Property Features for 1115 Slater Street
General Information
Standard status
Active
Size
1,976 SF
Total Parking Spaces
6
Property subtype
Commercial
Zoning
RP
Additional Details
Currently Operating
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$2,340
Building Details
Building Size
1,976 SF
Year Built
1976
Listing Agency:
Southern Classic Realtors
(678) 635-8877
Listed By:
Samuel Straka · License #406171
(229) 561-9938
Source:
Connersmithrealty
Added: May 21
Changed: Oct 28
Last Checked: Oct 26 at 3:52AM
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.
The 1,976-square-foot office building contains eight executive offices, a reception area, a kitchenette, and three bathrooms. Four entrances provide access to separate areas of the building. Improvements include a new commercial HVAC unit, a new fence, and a fenced storage area behind the building.
The property is at 1115 Slater Street in Valdosta, within walking distance of VSU and nearby amenities. It is currently used as a real estate office and carries RP zoning.
The property is at 1115 Slater Street in Valdosta, within walking distance of VSU and nearby amenities. It is currently used as a real estate office and carries RP zoning.
Key Highlights
- 1,976‑square‑foot office building with eight executive offices
- Reception area, kitchenette, and three bathrooms
- Four separate entrances for access to distinct areas
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
—
—
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 authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
803
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - RP zoning and four separate entrances support flexible office configurations.
Where is this office building located?
The property is located at 1115 Slater Street 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‑foot office building with eight executive offices; Reception area, kitchenette, and three bathrooms; Four separate entrances for access to distinct areas
