Valdosta Office with Multiple
1115 Slater Street Valdosta, GA 31601
1115 Slater Street, Valdosta, GA, 31601
$259,900
For Sale
$259,900
COMMERCIAL - Valdosta, GA
Property Size1,976 SF
Lot Size0.23 Acres
Price / SF$131.53
Days on Market85
Property Features for 1115 Slater Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 6
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 0116C 019
- Size
- 1,976 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2341
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1976
- Building materials
- Wood Siding
Listing Agency
Southern Classic Realtors
(678) 635-8877
Po Box 6565, Monroe, GA
Listed by
Samuel Straka · License #406171
(229) 561-9938
Added: Apr 27 Checked: Jul 20 at 11:06 am
MLS# 10769410
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This versatile office property, located in a desirable area, features a total of 8 executive offices, a reception area, a kitchenette, and 3 bathrooms. The property's layout, with four separate entrances, allows for easy subdividing into multiple layouts. The property is zoned R-P, lending itself to a variety of uses. It is located within walking distance of VSU and other amenities. Currently functioning as a real estate office, the property includes a new fence, a new commercial HVAC unit, and a fenced storage area in the rear of the building. The lot size is 0.23 acres, and the property size is 1976 square feet.
Key Highlights
- Great location within walking distance of VSU and amenities.
- Versatile R‑P zoning allows for a variety of uses.
- Four separate entrances enable easy subdivision into multiple layouts.
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
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Versatile office property with subdividing potential in a great location.
Where is this office units 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: Great location within walking distance of VSU and amenities.; Versatile R‑P zoning allows for a variety of uses.; Four separate entrances enable easy subdivision into multiple layouts.
