Brick Corner Commercial
For Sale
$300,000
501 N Toombs St, Valdosta, GA 31601
Brick commercial building on a prominent corner lot with a flexible open plan, dedicated storage, and on-site parking.
Property Size1,898 SF
Price / SF$158.06
Days on Market114
Property Features for 501 N Toombs St
General Information
Standard status
Active
Size
1,898 SF
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$2,347
Listing Agency:
Georgia Florida Real Estate Services
(229) 560-2081
Listed By:
Melissa Sherwood
(229) 561-0232
Source:
Exprealty
Added: Jul 2
Changed: Oct 2
Last Checked: Oct 21 at 12:19AM
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 Georgia Florida Real Estate Services
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Investment Insights
Based on property information with market context.
This well-constructed brick commercial building is positioned on a prominent corner lot and is described as offering exceptional visibility, strong traffic exposure, and outstanding accessibility. The flexible floor plan includes an expansive open area with dedicated storage, supporting a range of commercial, office, showroom, or service-related uses.
The property is located at 501 N Toombs St in Valdosta, GA, and includes on-site parking for customers, clients, and employees. The layout is described as adaptable, with signage opportunities available to help support visibility for a business.
The building is currently being used as a colocation facility with recurring revenue, reflecting its practical, configurable interior setup for this type of operation.
The property is located at 501 N Toombs St in Valdosta, GA, and includes on-site parking for customers, clients, and employees. The layout is described as adaptable, with signage opportunities available to help support visibility for a business.
The building is currently being used as a colocation facility with recurring revenue, reflecting its practical, configurable interior setup for this type of operation.
Key Highlights
- Well‑constructed brick commercial building on a prominent corner lot with flexible use layout
- Open‑area floor plan with dedicated storage for a variety of commercial, office, showroom, or service uses
- On‑site parking for customers, clients, and employees
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,983
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$299,660
$299.7K
Cap Rate 7%
$214,043
$214.0K
Cap Rate 9%
$166,478
$166.5K
Market Conditions
NOI Build-Up for 1,898 SF
Gross rent
$23.9K $12.60/SF
− Vacancy
−$2.5K −$1.32/SF
EGI
$21.4K $11.28/SF
− OpEx
−$6.4K −$3.38/SF
NOI
$15.0K $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%
$299,660
Cap Rate 7%
$214,043
Cap Rate 9%
$166,478
Alternative Uses
Best Use
Retail
$214.0K
$187.3K – $249.7K
NOI $14,983 @ 7.0% cap · market cap 4.99%
Second Best
Office B
$209.4K
$183.2K – $244.3K
NOI $14,656 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$288.1K
$252.1K – $336.2K
NOI $20,170 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,309
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Brick commercial building on a prominent corner lot with a flexible open plan, dedicated storage, and on-site parking.
Where is this office unit located?
The property is located at 501 N Toombs St Valdosta, GA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Well‑constructed brick commercial building on a prominent corner lot with flexible use layout; Open‑area floor plan with dedicated storage for a variety of commercial, office, showroom, or service uses; On‑site parking for customers, clients, and employees
