Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3406 Barack Obama Blvd Valdosta, GA 31602
    Back to Search
    Property profile & analytics

    3406 Barack Obama Blvd, Valdosta, GA 31602

    View on Map
    • Apartment buildings
    • 1,547 SF
    • 0.02 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 3406 Barack Obama Blvd

    Lot size
    0.02 lot acres
    Property type
    Apartment buildings

    Description

    This stunning 1547 sq ft condominium in the Shalom Park community of Valdosta, Georgia, is priced at $235,000. This newly converted townhome boasts three spacious bedrooms and two and a half bathrooms. Hardwood floors grace the foyer, living room, and dining area, while the open kitchen features ample cabinetry and counter space, plus a breakfast bar. The well-designed floor plan includes generously sized bedrooms and a conveniently located in-house laundry room. Enjoy outdoor living on the rear 6x11 patio, enhanced by vinyl privacy fencing. A one-car garage is included. The unit features central heating and air conditioning, thermopane windows, and a shingle roof. Construction includes brick veneer and cement siding. Utilities are serviced by Colquitt Electric and the City of Valdosta. Public sewer and water are available. The property sits on a 0.02-acre lot in Lowndes County, with paved road access. Interior features include blinds, ceiling fans, and a garage door opener. Appliances include a refrigerator, electric range, microwave, and dishwasher. The PRD zoning allows for various uses. This property is listed as active and can be purchased individually or as part of a multi-unit package.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Valdosta
    County
    Lowndes
    State
    Georgia
    Longitude
    -83.2658
    Latitude
    30.8787

    Comparable in this City

    • Value Estimation by Request
      45,050 SF

      415 Northside Dr

      Multifamily properties
      415 Northside Dr, Valdosta, GA 31602
      View Details
    • Value Estimation by Request
      2,058 SF

      2 Brookwood Cir

      Multifamily properties
      2 Brookwood Cir, Valdosta, GA 31602
      View Details
    • Value Estimation by Request
      10,540 SF

      1903 Azalea Dr

      Multifamily properties
      1903 Azalea Dr, Valdosta, GA 31602
      View Details
    • Value Estimation by Request
      3,355 SF

      2205 Briarcliff Dr

      Multifamily properties
      2205 Briarcliff Dr, Valdosta, GA 31602
      View Details
    • Value Estimation by Request
      34,112 SF

      1903 Azalea Dr

      Multifamily properties
      1903 Azalea Dr, Valdosta, GA 31602
      View Details
    • Value Estimation by Request
      3,547 SF

      702 Pine Ridge Dr

      Multifamily properties
      702 Pine Ridge Dr, Valdosta, GA 31602
      View Details

    Similar Nearby for Sale

    • $259,000
      2,280 SF

      Valdosta Duplex Investment Opportunity

      Two-bedroom, two-bath duplex in Northeast Valdosta with long-term tenants.
      3200 Tyndall Dr, Valdosta, GA 31602
      View Details
    • $950,000
      3.79 Acres

      Valdosta Land For Sale

      3.79-acre multi-family or office/mixed-use development site.
      2005 Baytree Rd, Valdosta, GA 31602
      View Details
    • $260,000
      2,500 SF

      Valdosta Duplex: Investment Opportunity

      Meticulously maintained duplex in Valdosta's East Side, generating immediate cashflow.
      3201 Tyndall Dr, Valdosta, GA 31602
      View Details
    • New
      $260,000
      2,500 SF

      High-Performing Duplex in Valdosta, GA

      Meticulously maintained duplex on a corner lot with immediate cashflow.
      3201 Tyndall Dr, Valdosta, GA 31602
      View Details
    • $289,000
      1,768 SF

      Completely Rebuilt Home in Valdosta

      Modern, efficient 3-bedroom home rebuilt in 2024.
      2433 Knox Dr, Valdosta, GA 31602
      View Details
    • $150,000
      1.29 Acres

      Valdosta Land on Highway 41

      1.29 acres zoned CG in prime location on Highway 41.
      Us Highway 41, Valdosta, GA 31602
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,698 SF

      Well-Laid Out Office Space

      Office space with reception, kitchen, and conference room available.
      2502 C Jerry Jones Dr, Valdosta, GA 31602
      View Details
    • Contact for pricing
      1,845 SF

      Renovated Office Space Available

      Move-in ready, renovated office space with modern amenities.
      101 C Northside Dr, Valdosta, GA 31602
      View Details
    • Contact for pricing
      2,964 SF

      Renovated Office Suite For Lease

      Recently renovated office suite with private offices and shared amenities.
      2704 N Oak St, Valdosta, GA 31602
      View Details
    • Contact for pricing
      1,140 SF

      Professional Office in North Ashley

      Professional office space available for rent in Valdosta, Georgia.
      2935 N Ashley St, Valdosta, GA 31602
      View Details
    • Contact for pricing
      1,500 SF

      Valdosta Retail/Office Space Available

      1500 SF retail/office space near Valdosta Mall.
      1525 Baytree Rd, Valdosta, GA 31602
      View Details
    • Contact for pricing
      1,200 SF

      Modern Flex Space in Valdosta

      Three-year-old flex building with office and warehouse space for lease.
      19358 Valdosta Hwy, Valdosta, GA 31602
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3406 Barack Obama Blvd
    Valdosta, GA 31602
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3406 Barack Obama Blvd, Valdosta, GA, 31602
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!