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Property profile & analytics

116 Patterson St, Unit A Valdosta, GA 31601

  • Investment properties
  • 3,408 SF
  • 0.04 lot acres
Value Estimation
$285,000
Last Sale
Apr 21, 2022
$269,900
Location Intelligence
Property ID
US22-2839663
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • MERLE NORMAN COSMETICS STUDIO / Beauty Supply Store / Make-Up Artist
  • Howe.Law Injury & Accident Lawyers / Personal Injury Attorney / Law Firm

Property Details for 116 Patterson St

Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.04 lot acres
Property size
3,408 SF
Zone code
C-D
Property type
Investment properties
Property subtype
Retail residential properties
APN
0120A-138
APU
0120A138

Description

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.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $315,000
  • CAP approach

    CAP return
    Estimation
    6%
    $230,000
    6.5%
    $225,000
    7%
    $250,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $210,000
    Geo Method
    $260,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $210,000
    Retail
    $190,000
    Mixed-Use
    $270,000
    Hospitality
    $200,000
    Educational
    $265,000
    Residential Income
    $225,000
    Energy
    $250,000
    Income-Based Land
    $220,000
    Food Service
    $235,000

Location Insight

  • Map
  • Local Demand
City
Valdosta
County
Lowndes
State
Georgia
Longitude
-83.2794
Latitude
30.8312
CBSA code
46660
CBSA name
VALDOSTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,812
$42,240
$30,255
$72,495
-
$105,600
$75,637
$181,237
More about this property
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