Auto Shop with Access
For Sale
$234,900
819 S Lee St, Valdosta, GA 31601
Corner-site commercial building with surface parking and an interior ready for custom configuration.
Property Size3,952 SF
Price / SF$59.44
Days on Market9
Property Features for 819 S Lee St
General Information
Standard status
Active
Size
3,952 SF
Property Condition
Severity
Major Repairs Needed
Evidence
Interior has been opened and gutted
Taxes and HOA fees
Annual Taxes
$2,600
Listing Agency:
Sheridan Solomon & Associates
(404) 941-6576
Listed By:
Katherine Ball
(404) 941-6576
Source:
Exprealty
Added: Aug 23
Changed: Aug 31
Last Checked: Aug 31 at 6:36PM
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 Sheridan Solomon & Associates
Investment Insights
Based on property information with market context.
This 3,952-square-foot auto shop is arranged for vehicle-oriented commercial use, with large access bays and an additional garage. The garage includes an attached commercial air compressor. Much of the interior has been opened and gutted, creating a blank layout for a new custom buildout. The property was formerly used as a commercial tire shop and is currently identified as a machine shop.
Located at 819 S Lee St in Valdosta, Georgia, the property occupies a corner site near downtown. A large surface parking area and direct ingress and egress support vehicle access to the building. The combination of bay access, supplemental garage space, parking, and unfinished interior provides a defined starting point for an automotive or industrial operation.
Located at 819 S Lee St in Valdosta, Georgia, the property occupies a corner site near downtown. A large surface parking area and direct ingress and egress support vehicle access to the building. The combination of bay access, supplemental garage space, parking, and unfinished interior provides a defined starting point for an automotive or industrial operation.
Key Highlights
- 3,952‑square‑foot auto shop building
- Large access bays for vehicle‑oriented operations
- Additional garage with attached commercial air compressor
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,810
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$356,200
$356.2K
Cap Rate 7%
$254,429
$254.4K
Cap Rate 9%
$197,889
$197.9K
Market Conditions
NOI Build-Up for 3,952 SF
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.
Gross rent
$27.5K $6.96/SF
− Vacancy
−$2.1K −$0.52/SF
EGI
$25.4K $6.44/SF
− OpEx
−$7.6K −$1.93/SF
NOI
$17.8K $4.51/SF
Area
Lowndes County, GA
Vacancy
7.50%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$356,200
Cap Rate 7%
$254,429
Cap Rate 9%
$197,889
Alternative Uses
Best Use
Retail
$445.7K
$390.0K – $520.0K
NOI $31,197 @ 7.0% cap · market cap 13.28%
Second Best
Industrial
$254.4K
$222.6K – $296.8K
NOI $17,810 @ 7.0% cap · market cap 7.58%
Theoretical Best
Office A
$600.0K
$525.0K – $700.0K
NOI $41,999 @ 7.0% cap · market cap 17.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
271
Businesses Nearby
Well-served
Demand for This Use
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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Johnny's Towing Inc. — 209 Tucker Rd, Valdosta, GA 31601
- Salvage GM of South Georgia — 1008 Tucker Rd, Valdosta, GA 31601
- Motion Wheels, Hubcaps & Tires — 1302 S Patterson St, Valdosta, GA 31601
- Bug Barn — 1507 S Patterson St, Valdosta, GA 31601
- Salvage GM Parts of South Georgia, Inc. — 108 Tucker Rd, Valdosta, GA 31601
Frequently Asked Questions
What type of property is this?
Auto shop - Corner-site commercial building with surface parking and an interior ready for custom configuration.
Where is this auto shop located?
The property is located at 819 S Lee St Valdosta, GA.
What is the asking price?
The asking price for this property is $234,900.
What are key features of this property?
This property features: 3,952‑square‑foot auto shop building; Large access bays for vehicle‑oriented operations; Additional garage with attached commercial air compressor
