Duplex with Long-Term
For Sale
$259,000
3200 Tyndall Drive, Valdosta, GA 31602
Residential Income, Valdosta, GA
Property Size2,280 SF
Lot Size0.20 Acres
Price / SF$113.60
Days on Market374
Property Features for 3200 Tyndall Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Bathroom 3, Bathroom 4, Bedroom 4
Parking features
Driveway
Window features
Aluminum Frames, Screens
Interior features
Blinds, Cable TV Available, Ceiling Fan(s)
Appliances
Refrigerator, Electric Range, Dishwasher
Subdivision
Perimeter Place
Standard status
Active
APN
0149A 018
Size
2,280 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Lot 1 BLK A Perimeter PL
Tax Annual Amount
1885
Legal Description
Lot 1 BLK A Perimeter PL
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1995
Floors in Building
1
Flooring type
Carpet, Linoleum, Concrete
Building materials
Frame, Vinyl Siding
Roof type
Shingle
Listing Agency:
LRE Platinum Property Services
(229) 242-9293
Listed By:
Teri Wilson
(229) 251-3181
Added: Aug 22, 2025
Changed: Aug 20
Last Checked: Aug 30 at 7:06AM
MLS# 146011
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.
Located at 3200 Tyndall Drive in Valdosta, this duplex contains 2,280 square feet on a 0.2-acre lot. The property was built in 1995 and features spacious living areas and kitchens, with frame construction and vinyl siding. Interior finishes include carpet, linoleum, and concrete flooring, while ceiling fans and blinds are also provided.
Each side is supported by electric central heating and central air conditioning. Appliances include refrigerators, electric ranges, and dishwashers. The property has driveway parking, a shingle roof, and public water and sewer service. Long-term tenants are in place, and the property is zoned R6.
Each side is supported by electric central heating and central air conditioning. Appliances include refrigerators, electric ranges, and dishwashers. The property has driveway parking, a shingle roof, and public water and sewer service. Long-term tenants are in place, and the property is zoned R6.
Key Highlights
- Duplex at 3200 Tyndall Drive in Valdosta, GA 31602
- 2,280 square feet on a 0.2‑acre lot
- Built in 1995 with frame construction and vinyl siding
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
$15,221
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
5.88%
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%
$304,420
$304.4K
Cap Rate 7%
$217,443
$217.4K
Cap Rate 9%
$169,122
$169.1K
Market Conditions
NOI Build-Up for 2,280 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
$23.3K $10.20/SF
− Vacancy
−$1.5K −$0.66/SF
EGI
$21.7K $9.54/SF
− OpEx
−$6.5K −$2.86/SF
NOI
$15.2K $6.68/SF
Area
Lowndes County, GA
Vacancy
6.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
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%
$304,420
Cap Rate 7%
$217,443
Cap Rate 9%
$169,122
Alternative Uses
Best Use
Multifamily LT 5
$217.4K
$190.3K – $253.7K
NOI $15,221 @ 7.0% cap · market cap 5.88%
Second Best
Apartment 5plus
$195.6K
$171.2K – $228.2K
NOI $13,692 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$346.1K
$302.9K – $403.8K
NOI $24,230 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
122
Businesses Nearby
Explore this area
Business Placement
Demographics for 31602, GA
35,999
Population
15,201
Households
2.4
Avg Household Size
33
Median Age
32%
College-Educated
89%
High-School Grad
39.9 sq mi
ZIP Area
902
Density / Sq Mi
$55,980
Median Household Income
$34,919
Median Earnings
$1,046
Median Rent
$197,100
Median Home Value
Market
Vacancy Rate% for Multifamily 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?
Duplex - R6-zoned residential property with central heating and cooling, public water, and public sewer.
Where is this duplex located?
The property is located at 3200 Tyndall Drive Valdosta, GA.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Duplex at 3200 Tyndall Drive in Valdosta, GA 31602; 2,280 square feet on a 0.2‑acre lot; Built in 1995 with frame construction and vinyl siding
