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 Market67
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: Sep 4
Last Checked: Sep 5 at 11:59AM
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
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 = 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
$14,983
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
4.99%
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%
$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
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
$23.9K $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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Brick commercial building on a prominent corner lot with a flexible open plan, dedicated storage, and on-site parking.
Where is this office units 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
