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Property profile & analytics
OFF-MARKET
Investment properties

116 Patterson St Valdosta, GA 31601-5570

3,408 SF 0.04 ac lot Built 1900
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US22-2839663
Property summary
AI-generated overview

This exceptional 3,408-square-foot commercial property, located at 116 N Patterson Street in Valdosta, Georgia (31601), presents a unique opportunity for businesses seeking a prominent downtown location. The building, classified as Class B and renovated in 2008, features two suites across two stories. Currently, the entire 3,408 square feet is vacant and available for lease, offering flexibility for a single tenant or potential division into smaller spaces (minimum 1,800 sq ft). The space boasts a versatile layout suitable for various uses, including executive, traditional, creative offices, or even coworking spaces. The property benefits from high visibility on busy Patterson Street, yet offers convenient access to the ample public parking in the Toombs Street lot at the rear. The building includes mid-level storage and a private bathroom. The property features 80 total parking spaces and is served by Georgia Power. Zoned for Downtown Commercial use (APN: 0120A-138), this property offers a compelling combination of location, size, and adaptability. Annual property taxes are $0.83 per square foot. There are no elevators. This is an ideal space for businesses seeking a high-traffic location in the heart of Downtown Valdosta.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1900
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,408 SF
Lot 0.04 ac (1,742 SF)
Zoning code C-D
APN 0120A-138
UPID US22-2839663
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • MERLE NORMAN COSMETICS STUDIO Hair Salon Nail Salon
  • Howe.Law Injury & Accident Lawyers Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
3970 Old Milton LLC · 4 yrs held
3970 Old Milton LLC
since 2022
Last sale
$269,900
5 recorded transactions
2022
$269,900
2007
Price N/A
2007
$160,000
2005
Price N/A
2005
$115,000
Zoning & alternative use
C-D · Valdosta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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