Brick Office Building with Storage
For Sale
$525,000
1321 W Hill Ave, Valdosta, GA 31601
Commercial Sale, Valdosta, GA
Property Size2,324 SF
Lot Size0.91 Acres
Price / SF$225.90
Days on Market96
Property Features for 1321 W Hill Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-H
Subdivision
4-S Baytree Rd to W Oak St to S Hill Ave (CtyLmts)
Standard status
Active
APN
0119C-111
Size
2,324 SF
Lot size
0.91 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
DB 6023-13
Tax Annual Amount
3172
Legal Description
DB 6023-13
Amenities
conference room
Building Details
Year built
1995
Listing Agency:
FIRST COMMERCIAL REAL ESTATE
Listed By:
Scott Alderman · License #109748
(229) 561-1939
Added: Jun 30
Changed: Aug 20
Last Checked: Oct 3 at 5:06AM
MLS# 154229
Copyright © 2026 South Georgia MLS (Valdosta). 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.
Built in 1995, this 2324-square-foot brick office building has been renovated and upgraded in recent years. The interior provides a flexible arrangement of offices, work rooms, restrooms, storage areas, and a conference room. The property also includes a 0.91-acre fenced rear lot with a storage yard and four shop buildings totaling 3440 square feet.
Access and frontage extend along W Hill Ave, also identified as US Hwy 84, with additional access from W Savannah Ave. The site is zoned C-H and is positioned along a corridor reporting 21,500 vehicles per day. Its combination of office space, accessory shop buildings, and secured outdoor storage supports a range of commercial operations requiring both administrative and work areas.
Access and frontage extend along W Hill Ave, also identified as US Hwy 84, with additional access from W Savannah Ave. The site is zoned C-H and is positioned along a corridor reporting 21,500 vehicles per day. Its combination of office space, accessory shop buildings, and secured outdoor storage supports a range of commercial operations requiring both administrative and work areas.
Key Highlights
- 2324 SF brick office building built in 1995
- Renovated and upgraded in recent years
- Flexible layout with offices, work rooms, restrooms, storage, and conference room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,946
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$358,920
$358.9K
Cap Rate 7%
$256,371
$256.4K
Cap Rate 9%
$199,400
$199.4K
Market Conditions
NOI Build-Up for 2,324 SF
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.
Gross rent
$30.7K $13.20/SF
− Vacancy
−$6.7K −$2.90/SF
EGI
$23.9K $10.30/SF
− OpEx
−$6.0K −$2.57/SF
NOI
$17.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$358,920
Cap Rate 7%
$256,371
Cap Rate 9%
$199,400
Alternative Uses
Best Use
Office B
$256.4K
$224.3K – $299.1K
NOI $17,946 @ 7.0% cap · market cap 3.42%
Second Best
Warehouse
$195.7K
$171.2K – $228.3K
NOI $13,698 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$352.8K
$308.7K – $411.6K
NOI $24,698 @ 7.0% cap · market cap 4.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
21,500 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
192
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Renovated brick office property with flexible rooms, conference space, and a fenced storage yard.
Where is this office building located?
The property is located at 1321 W Hill Ave Valdosta, GA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2324 SF brick office building built in 1995; Renovated and upgraded in recent years; Flexible layout with offices, work rooms, restrooms, storage, and conference room
