Historic High-Visibility Office
New
For Sale
$359,900
706 N Patterson St, Valdosta, GA 31601
Office property in great condition with prime frontage along a high-visibility corridor serving client-facing businesses.
Days on Market7
Property Features for 706 N Patterson St
General Information
Standard status
Active
Property subtype
Commercial
Additional Details
Traffic Count
12,000 vehicles/day
Building Details
Building Size
3,183 SF
Year Built
1968
Listing Agency:
eXp Realty, LLC
(229) 560-4402
Listed By:
Beth Haun · License #3462350
(229) 560-4402
Source:
Homesinvaldosta
Added: Jul 24
Changed: Jul 26
Last Checked: Jul 30 at 12:10PM
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
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 For Office B
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 | $42.0k | $13.20 |
| − Vacancy | −$9.2k | −$2.90 |
| EGI | $32.8k | $10.30 |
| − OpEx | −$8.2k | −$2.57 |
| NOI | $24.6k | $7.72 |
3,183 SF · lease $13.20/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$351.1K
$307.2K – $409.7K
NOI $24,579 @ 7.0% cap · market cap 6.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$483.2K
$422.8K – $563.8K
NOI $33,826 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
12,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,260
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 $359,900.
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
