120 W Hill Ave, Valdosta, GA 31601

Building Details

Year Built 1900 More

Buildings 1 More

Listing Agency: Southern Classic Realtors

Listed By: Austin Plyler · License GA #334712 Show Phone

Source: Searchhomesinsavannah

Added: Aug 15 Changed: Nov 11 Last Checked: Nov 10 at 10:47AM

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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 approximately 1,767-square-foot office building dates to 1900 and offers a compact configuration suited to a small professional or service operation. The interior includes a street-facing reception area, open work and counter space, a private office, storage, and two restrooms, including one with a shower. The property was formerly used as a bank and finance office and requires cosmetic updates and renovation for its next use.

Located in Historic Downtown Valdosta, the building benefits from a walkable setting and rear access from the public/shared downtown parking area off Toombs Street. It sits next to Bleu Pub and near Bank OZK, with the planned Union at Valdosta mixed-use project on West Hill Avenue adding nearby residential and commercial development.

Key Highlights

• Approximately 1,767 square feet of commercial space
• 1900 construction year
• Street‑facing reception area with open work and counter space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,949

Cap Rate

8.21%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$278,980 $279.0K

Cap Rate 7%

$199,271 $199.3K

Cap Rate 9%

$154,989 $155.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,767 SF

Gross rent

$22.3K $12.60/SF

− Vacancy

−$2.3K −$1.32/SF

EGI

$19.9K $11.28/SF

− OpEx

−$6.0K −$3.38/SF

NOI

$13.9K $7.89/SF

Area

Lowndes County, GA

Vacancy

10.50%

Lease Rate

$12.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$278,980

Cap Rate 7%

$199,271

Cap Rate 9%

$154,989

Alternative Uses

Best Use

Retail

$199.3K

$174.4K – $232.5K (±1% cap)

NOI $13,949 @ 7.0% cap · market cap 8.21%

Second Best

Office B

$194.9K

$170.6K – $227.4K (±1% cap)

NOI $13,645 @ 7.0% cap · market cap 8.03%

Theoretical Best

Office A

$268.3K

$234.7K – $313.0K (±1% cap)

NOI $18,778 @ 7.0% cap · market cap 11.05%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Pioneer Credit Company Loan Service

Suggested Use

Top Pick Dental Office Electrical Service Big Box & Wholesale Store Storage Facility Cafe & Coffee Shop Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

1,126

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

Market

Average Price Trend$/SF for Office buildings in Valdosta, GA

$148 Jul

$157 Aug

$156 Sep

$131 Oct

Properties on Market for Office buildings in Valdosta

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Compact commercial layout with reception, open work areas, private office, storage, and multiple restrooms.

Where is this office building located?

The property is located at 120 W Hill Ave Valdosta, GA.

What is the asking price?

The asking price for this property is $170,000.

What are key features of this property?

This property features: Approximately 1,767 square feet of commercial space; 1900 construction year; Street‑facing reception area with open work and counter space