Historic High-Visibility Office
For Sale
$349,900
706 N Patterson St, Valdosta, GA 31601
Office property in great condition with prime frontage along a high-visibility corridor serving client-facing businesses.
Property Size3,183 SF
Price / SF$109.93
Days on Market337
Property Features for 706 N Patterson St
General Information
Standard status
Active
Size
3,183 SF
Additional Details
Traffic Count
12,000 vehicles/day
Taxes and HOA fees
Annual Taxes
$4,032
Listing Agency:
eXp Realty, LLC
(888) 959-9461
Listed By:
Beth Haun · License #3462350
(229) 560-4402
Source:
Exprealty
Added: Nov 26, 2025
Changed: Oct 25
Last Checked: Oct 28 at 9:09AM
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 eXp Realty, LLC
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Investment Insights
Based on property information with market context.
This office building presents in great condition and offers a professional setting within a historic commercial office district. The property is positioned on a high-visibility corridor with prime frontage designed to support strong signage visibility, with an estimated 8,000–12,000 vehicles per day.
Located at 706 N Patterson St in Valdosta, the building sits within the area locally known as “Attorney Row.” It is approximately 3 minutes to the Lowndes County Courthouse, 2 minutes to Valdosta State University, and 5 minutes to South Georgia Medical Center.
For tenants or buyers seeking an office location that emphasizes curb appeal and visibility, this property’s frontage and corridor exposure are central attributes.
Located at 706 N Patterson St in Valdosta, the building sits within the area locally known as “Attorney Row.” It is approximately 3 minutes to the Lowndes County Courthouse, 2 minutes to Valdosta State University, and 5 minutes to South Georgia Medical Center.
For tenants or buyers seeking an office location that emphasizes curb appeal and visibility, this property’s frontage and corridor exposure are central attributes.
Key Highlights
- Office property built in 1968
- Located on Valdosta’s professional office corridor ("Attorney Row"), a high‑visibility, high‑traffic frontage area
- Approx. 8,000–12,000 vehicles/day along the corridor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,579
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$491,580
$491.6K
Cap Rate 7%
$351,129
$351.1K
Cap Rate 9%
$273,100
$273.1K
Market Conditions
NOI Build-Up for 3,183 SF
Gross rent
$42.0K $13.20/SF
− Vacancy
−$9.2K −$2.90/SF
EGI
$32.8K $10.30/SF
− OpEx
−$8.2K −$2.57/SF
NOI
$24.6K $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%
$491,580
Cap Rate 7%
$351,129
Cap Rate 9%
$273,100
Alternative Uses
Best Use
Office B
$351.1K
$307.2K – $409.7K
NOI $24,579 @ 7.0% cap · market cap 7.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$483.2K
$422.8K – $563.8K
NOI $33,826 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
12,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,326
Businesses Nearby
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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
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Office property in great condition with prime frontage along a high-visibility corridor serving client-facing businesses.
Where is this office building located?
The property is located at 706 N Patterson St Valdosta, GA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Office property built in 1968; Located on Valdosta’s professional office corridor ("Attorney Row"), a high‑visibility, high‑traffic frontage area; Approx. 8,000–12,000 vehicles/day along the corridor
