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    2317 1St St Vidalia, GA 30474

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    2317 1St St Vidalia, GA 30474

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    • Lifestyle centers
    • 5,750 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hodges John T MD / Physician
    • Toombs Regional Rehabilitation: Lawhorne III Thomas W MD / Physician
    • Helmi Hany M MD / Physician
    • Jaakkola Juha I MD / Physician
    • Toombs Regional Rehabilitation / Physician

    Property Details for 2317 1St St

    Property size
    5,750 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Brice Square Shopping Center presents a prime retail opportunity in Vidalia, Georgia. This 5,750 square foot shopping center is currently 100% vacant, offering a unique chance to establish a significant presence in a thriving market. The center boasts a highly desirable location directly across from Meadows Regional Medical Center, ensuring high visibility and foot traffic. This strategic positioning benefits from the substantial customer base generated by the medical center and its associated services. The available space is flexible, with a minimum divisible unit of 1,475 square feet and a maximum contiguous space of 4,275 square feet, catering to a range of business needs and expansion plans. The center is anchored by a strong mix of established national and regional tenants, including Belk, Hibbett's, Big Lots, Citi Trends, Tractor Supply, Beall's Outlet, Cricket Wireless, Factory Connection, Shoe Show, Burger King, and Chick-fil-A, creating a vibrant and attractive shopping destination. Located at 2317 E 1st St, Vidalia, GA 30474, in Toombs County, this property offers exceptional potential for growth and profitability within a well-established retail environment. The entire 5,750 square feet is available for lease, providing an unparalleled opportunity to create a flagship location or expand an existing business. Contact us today to learn more about this exceptional retail opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Vidalia
    County
    Toombs
    State
    Georgia
    Longitude
    -82.3811
    Latitude
    32.2061

    Comparable in this City

    • Value Estimation
      $1,000,000
      42,316 SF

      300 1st St

      SHOPPING CENTER, STRIP CENTER • 42,316 SF
      300 1st St, Vidalia, GA 30474-3369
      View Details
    • Value Estimation
      $580,000
      36,772 SF

      906 1st St

      SHOPPING CENTER, STRIP CENTER • 36,772 SF
      906 1st St, Vidalia, GA 30474-4207
      View Details
    • Value Estimation by Request
      4,200 SF

      222 Mose Coleman Dr

      SHOPPING CENTER, STRIP CENTER • 4,200 SF
      222 Mose Coleman Dr, Vidalia, GA 30474-8677
      View Details
    • Value Estimation by Request
      12,369 SF

      201 Michael Collins Dr

      SHOPPING CENTER, STRIP CENTER • 12,369 SF
      201 Michael Collins Dr, Vidalia, GA 30474-8847
      View Details
    • Value Estimation by Request
      4,608 SF

      206 Mosley St

      SHOPPING CENTER, STRIP CENTER • 4,608 SF
      206 Mosley St, Vidalia, GA 30474-4632
      View Details
    • Value Estimation
      $1,270,000
      97,280 SF

      2305 1st St

      SHOPPING CENTER, STRIP CENTER • 97,280 SF
      2305 1st St, Vidalia, GA 30474-8811
      View Details

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    Similar Nearby for Lease

    • $82 SF/Yr
      800 SF

      Vidalia Retail Space - 800 SF

      Prime Vidalia retail space, ideal for lease.
      907 1St St, Vidalia, GA 30474
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      Retail Space Near Medical Center

      Retail spaces for lease in Brice Square Shopping Center.
      2317 E 1St St, Vidalia, GA 30474
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      Retail Space Available For Lease

      Retail spaces for lease at East First Street, Vidalia, GA.
      1107 East 1St St, Vidalia, GA 30474
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      Vidalia Office Space For Rent

      Single tenant office space available for lease in Vidalia.
      103 W 1St St, Vidalia, GA 30474
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      Vidalia Office Space For Lease

      Office space available for lease in Vidalia, Georgia.
      125 Church St, Vidalia, GA 30474
      View Details
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    Vidalia, GA 30474
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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