Medical Office
506 N Patterson St Valdosta, GA 31601
506 N Patterson St, Valdosta, GA, 31601
Contact for pricing
For Sale
Contact for pricing
For-sale medical office building with a stated 9% cap rate.
Property Size6,122 SF
Price / SF$245.02
Days on Market36
Property Features for 506 N Patterson St
General Information
- Standard status
- Active
- Size
- 6,122 SF
- Property subtype
- Office
Building Details
- Year Built
- 1984
Listing agency
Marcus & Millichap - Orlando
(407) 557-3841
Listed by
Christopher Biuso · License #Fl SL3424071
Source
Crexi
Added: Jun 17 Updated: Jul 22 at 3:55AM Checked: Jul 22 at 3:55AM
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 Marcus & Millichap - Orlando
Investment Insights
Based on property information with market context.
This for-sale medical office building is presented as an office/healthcare asset totaling 6,122 square feet, with a stated 9% cap rate in the listing remarks.
The property is located at 506 N Patterson St, Valdosta, GA 31601.
The property is located at 506 N Patterson St, Valdosta, GA 31601.
Key Highlights
- Medical office building built in 1984
- 6,122 SF medical/office building
- Stated 9.00% cap rate
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $99.2k | $16.20 |
| − Vacancy | −$10.1k | −$1.65 |
| EGI | $89.1k | $14.55 |
| − OpEx | −$35.6k | −$5.82 |
| NOI | $53.4k | $8.73 |
6,122 SF · lease $16.20/SF/yr · vacancy 10.20% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$763.4K
$668.0K – $890.6K
NOI $53,436 @ 7.0% cap · market cap 3.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$929.4K
$813.3K – $1.08M
NOI $65,060 @ 7.0% cap · market cap 4.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
U.S. Renal Care
Medical Clinic
Similar For Sale Nearby
FAQs
What type of property is this?
Medical center - For-sale medical office building with a stated 9% cap rate.
Where is this medical center located?
The property is located at 506 N Patterson St Valdosta, GA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Medical office building built in 1984; 6,122 SF medical/office building; Stated 9.00% cap rate
