8-Unit Apartment
New
For Sale
$475,000
2000 Oak St #8, Valdosta, GA 31605
Multifamily property with one-bedroom residences, in-unit appliances, shared laundry, and central HVAC.
Property Size2,846 SF
Days on Market3
Property Features for 2000 Oak St #8
General Information
Standard status
Active
Size
2,846 SF
Total Parking Spaces
3
Property subtype
Residential Income
Zoning
C
Units
Unit Mix
8 x 1BR/1BA
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$1.00
Amenities
shared washer and dryer
Building Details
Building Size
2,846 SF
Stories
2
Listing Agency:
Garner Realty Group LLC
(229) 356-0630
Listed By:
Darlene Garner · License #249694
(229) 356-0630
Source:
Homesinvaldosta
Added: Aug 12
Changed: Aug 13
Last Checked: Aug 13 at 12:06PM
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 Garner Realty Group LLC
Investment Insights
Based on property information with market context.
Located at 2000 Oak St #8 in Valdosta, Georgia, this apartment property contains eight one-bedroom, one-bathroom residences. Interior finishes include hardwood flooring, while refrigerators and stoves are provided in each unit. A shared washer and dryer serve the residents.
Building improvements include a newer roof and a central HVAC system approximately 7 years old. The property is identified with C zoning and offers a straightforward multifamily configuration with consistent unit layouts and shared laundry access.
Building improvements include a newer roof and a central HVAC system approximately 7 years old. The property is identified with C zoning and offers a straightforward multifamily configuration with consistent unit layouts and shared laundry access.
Key Highlights
- Eight 1‑bedroom, 1‑bathroom apartment units
- Hardwood flooring throughout each unit
- Refrigerator and stove included in every unit
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
$17,090
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
3.60%
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%
$341,800
$341.8K
Cap Rate 7%
$244,143
$244.1K
Cap Rate 9%
$189,889
$189.9K
Market Conditions
NOI Build-Up for 2,846 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
$33.1K $11.64/SF
− Vacancy
−$2.1K −$0.72/SF
EGI
$31.1K $10.92/SF
− OpEx
−$14.0K −$4.91/SF
NOI
$17.1K $6.01/SF
Area
Lowndes County, GA
Vacancy
6.20%
Lease Rate
$11.64 /SF/Yr
Expense Ratio
45.00%
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%
$341,800
Cap Rate 7%
$244,143
Cap Rate 9%
$189,889
Alternative Uses
Best Use
Apartment 5plus
$244.1K
$213.6K – $284.8K
NOI $17,090 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$432.1K
$378.1K – $504.1K
NOI $30,245 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
749
Businesses Nearby
Explore this area
Business Placement
Demographics for 31605, GA
23,682
Population
9,642
Households
2.5
Avg Household Size
32
Median Age
35%
College-Educated
95%
High-School Grad
48.8 sq mi
ZIP Area
485
Density / Sq Mi
$73,991
Median Household Income
$42,359
Median Earnings
$1,230
Median Rent
$211,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with one-bedroom residences, in-unit appliances, shared laundry, and central HVAC.
Where is this apartment building located?
The property is located at 2000 Oak St #8 Valdosta, GA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Eight 1‑bedroom, 1‑bathroom apartment units; Hardwood flooring throughout each unit; Refrigerator and stove included in every unit
