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    Property profile & analytics

    118 Patterson St Valdosta, GA 31601-5570

    • Investment properties
    • 3,600 SF
    • 0.04 lot acres
    OFF-MARKET
    Value Estimation
    $565,000
    Last Sale
    Dec 04, 2024
    Location Intelligence
    Property ID
    US22-2033282
    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

    • The Forge / Gym / Fitness Center
    • Smalltown Broadcasting LLC / Radio Broadcaster
    • WDDQ / Radio Broadcaster

    Property Details for 118 Patterson St

    Year built
    1935
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.04 lot acres
    Property size
    3,600 SF
    Zone code
    C-D
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    0120A-137
    APU
    0120A137

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $585,000

    • CAP approach

      CAP return
      Estimation
      6%
      $565,000
      6.5%
      $525,000
      7%
      $565,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $520,000
      Geo Method
      $535,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $485,000
      Retail
      $510,000
      Mixed-Use
      $540,000
      Hospitality
      $610,000
      Educational
      $665,000
      Residential Income
      $565,000
      Energy
      $525,000
      Income-Based Land
      $490,000
      Food Service
      $570,000

    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
    $3,915
    $42,240
    $70,277
    $112,517
    -
    $105,600
    $175,693
    $281,293

    Comparable in this City

    • Value Estimation by Request
      3,000 SF

      308 Ashley St

      STORE/OFFICE (MIXED USE) • 3,000 SF
      308 Ashley St, Valdosta, GA 31601
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    • Value Estimation by Request
      10,080 SF

      207 Hl Ave, Unit 209

      STORE/OFFICE (MIXED USE) • 10,080 SF
      207 Hl Ave, Valdosta, GA 31601-5606
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    • Value Estimation by Request
      690 SF

      122 Mckey St

      STORE/OFFICE (MIXED USE) • 690 SF
      122 Mckey St, Valdosta, GA 31601-5711
      View Details
    • Value Estimation
      $160,000
      1,200 SF

      201 Central Ave

      STORE/OFFICE (MIXED USE) • 1,200 SF
      201 Central Ave, Valdosta, GA 31601-5701
      View Details
    • Value Estimation by Request
      1,248 SF

      115 Ashley St

      STORE/OFFICE (MIXED USE) • 1,248 SF
      115 Ashley St, Valdosta, GA 31601-5501
      View Details
    • Value Estimation
      $470,000
      3,456 SF

      200 Patterson St

      STORE/OFFICE (MIXED USE) • 3,456 SF
      200 Patterson St, Valdosta, GA 31601-5517
      View Details

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      1,608 SF

      Downtown Valdosta Storefront Opportunity

      Versatile 1,608 SF space ideal for retail or office.
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    • New
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      Office and warehouse space for lease near I-75.
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      2400-SF retail or office space for lease.
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      Valdosta Retail Space For Lease

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    Valdosta, GA 31601-5570
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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
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