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    8589 Hwy 16 Valdosta, GA 31604

    Sponsored
    For Sale
    $350,000

    Profitable Tire & Lube Center, Valdosta, GA

    Property size:
    2,139 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This thriving retail property, located at 8589 Hwy 16 W in Valdosta, Georgia, presents a compelling investment opportunity. Currently operating as a successful tire and lube center, this 2,139 square foot building boasts a strong 100% occupancy rate with a remaining lease term of 2 years. Built in 2007, the property features three garage doors, lifts for auto repair and brake service, and prominent building signage. The asking price is $350,000, translating to a price per square foot of $163.63 and a compelling 6.80% cap rate. The property generates a Net Operating Income (NOI) of $23,807 annually, making it an attractive addition to any investment portfolio. The property is situated in close proximity to downtown Monticello, offering convenient access to a substantial customer base. This is a gross lease, simplifying management and maximizing return. The property's strong performance and prime location make it an ideal investment for those seeking a stable, income-producing asset in a growing market. The APN is M04 007.

    Property Features for 8589 Hwy 16

    General Information

    Property type
    Retail properties
    Square Feet
    2,139 SF

    Building Details

    Year Built
    2007

    HighLights

    • High‑yield investment opportunity: Income‑producing building.
    • Excellent signage opportunities.
    • Convenient location near Monticello's downtown area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Law Firm Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Valdosta
    County
    Monticello
    State
    Georgia
    Longitude
    -83.2757496
    Latitude
    30.882717

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    FAQs

    What type of property is this?
    Retail property - Profitable Tire & Lube Center, Valdosta, GA
    Where is this retail property located?
    The property is located at 8589 Hwy 16 Valdosta, GA.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: High-yield investment opportunity: Income-producing building.; Excellent signage opportunities.; Convenient location near Monticello's downtown area.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8589 Hwy 16 Valdosta, GA 31604
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