Two-Level Brick Office
505 N Toombs St., Valdosta, GA 31601
For Sale
New
$950,000
C-C zoning and a flexible layout support occupancy by two separate businesses.
Property Size5,212 SF
Price / SF$182.27
Days on Market3
Property Features for 505 N Toombs St.
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
lobby
private offices
conference rooms
storage
break room
kitchen
Private Restrooms
Sign(s)
Lighting
Building Details
Building Size
Year Built
Buildings
Stories
Construction
Tenancy
Listing Agency:
Georgia Florida Real Estate Services
(229) 560-2081
Listed By:
Melissa Sherwood
(229) 561-0232
Source:
Garnerrealtygroupllc
Added: Nov 7
Changed: Nov 9
Last Checked: Nov 8 at 8:40PM
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.
Built in 2007, this 5,212-square-foot brick office property has two levels and a floor plan arranged for potential use by two occupants. Interior spaces include a lobby, private offices, conference rooms, storage, a break room, and a full kitchen. The upper floor may be configured with a separate entrance.
The property is located at 505 N Toombs St. in Valdosta, Georgia, and is zoned C-C.
The property is located at 505 N Toombs St. in Valdosta, Georgia, and is zoned C-C.
Key Highlights
- 5,212‑square‑foot brick office building completed in 2007
- Two‑level layout can accommodate two separate occupants
- Upper floor may have its own entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,247
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$804,940
$804.9K
Cap Rate 7%
$574,957
$575.0K
Cap Rate 9%
$447,189
$447.2K
Market Conditions
NOI Build-Up for 5,212 SF
Gross rent
$68.8K $13.20/SF
− Vacancy
−$15.1K −$2.90/SF
EGI
$53.7K $10.30/SF
− OpEx
−$13.4K −$2.57/SF
NOI
$40.2K $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 Rate 5%
$804,940
Cap Rate 7%
$574,957
Cap Rate 9%
$447,189
Alternative Uses
Best Use
Office B
$575.0K
$503.1K – $670.8K
NOI $40,247 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$791.3K
$692.4K – $923.2K
NOI $55,389 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
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
$112,600
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Valdosta, GA
Properties on Market for Office buildings in Valdosta
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - C-C zoning and a flexible layout support occupancy by two separate businesses.
Where is this office building located?
The property is located at 505 N Toombs St. Valdosta, GA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 5,212‑square‑foot brick office building completed in 2007; Two‑level layout can accommodate two separate occupants; Upper floor may have its own entrance
