C-C Zoned Office
For Sale
$349,900
706 N PATTERSON ST, Valdosta, GA 31601
Commercial Sale, Valdosta, GA
Property Size3,183 SF
Lot Size0.41 Acres
Price / SF$109.93
Days on Market318
Property Features for 706 N PATTERSON ST
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-C
Subdivision
PATTERSON ST
Standard status
Active
APN
0118A-101
Size
3,183 SF
Lot size
0.41 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LT 4 BLK 215
Tax Annual Amount
4032
Legal Description
LT 4 BLK 215
Building Details
Year built
1968
Listing Agency:
eXp Realty, LLC
(888) 959-9461
Listed By:
Beth Haun · License #3462350
(229) 560-4402
Added: Nov 26, 2025
Changed: Aug 20
Last Checked: Oct 10 at 5:06AM
MLS# 146924
Copyright © 2026 South Georgia MLS (Valdosta). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This office building contains 3,183 square feet on a 0.41-acre parcel and was constructed in 1968. The property carries C-C zoning and is situated within a historic professional office district. Its position along N Patterson St places the building in a visible commercial setting suited to office-oriented occupancy.
The property is approximately 3 minutes from the Lowndes County Courthouse, 2 minutes from Valdosta State University, and 5 minutes from South Georgia Medical Center. Reported traffic volume is approximately 8,000–12,000 vehicles per day, providing measurable exposure along the corridor. The surrounding area is associated with professional offices and established civic activity in Valdosta.
The property is approximately 3 minutes from the Lowndes County Courthouse, 2 minutes from Valdosta State University, and 5 minutes from South Georgia Medical Center. Reported traffic volume is approximately 8,000–12,000 vehicles per day, providing measurable exposure along the corridor. The surrounding area is associated with professional offices and established civic activity in Valdosta.
Key Highlights
- 3,183‑square‑foot office building on 0.41 acres
- C‑C zoning designation
- Constructed in 1968
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.
Property Analytics
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Open Analytics
Current Use
Lease Details
12,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,326
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Established office setting near civic, university, and medical destinations with a professional commercial context.
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: 3,183‑square‑foot office building on 0.41 acres; C‑C zoning designation; Constructed in 1968
