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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1306 Screven St Quitman, GA 31643

    • Commercial real estate
    • 2,664 SF
    • 1.22 lot acres
    For Sale
    View listing
    $199,000
    Last Sale
    Sep 30, 2022
    $106,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-2533819
    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

    • Black, Larry DMD / Dentist
    • Quitman Family Dentistry / Dentist

    Property Details for 1306 Screven St

    Year built
    2009
    Construction
    FRAME
    Lot size
    1.22 lot acres
    Property size
    2,664 SF
    Property type
    Commercial real estate
    APN
    Q21 0135
    APU
    Q210135

    Description

    This exceptional 1.22-acre commercial land parcel presents a unique investment opportunity in Quitman, Georgia. Located at 1306 E Screven St, 31643, this property boasts a highly desirable location, situated conveniently adjacent to the Valdosta Eye Center. The zoning designation is CH, offering a range of potential commercial development options. The substantial lot size provides ample space for various projects, from small-scale retail to larger commercial ventures. Its strategic position within Brooks County ensures excellent visibility and accessibility, making it an attractive proposition for businesses seeking a strong foothold in a growing market. The asking price of $199,000 represents a compelling value for this prime commercial land, offering significant potential for future appreciation and return on investment. Serious inquiries are encouraged to explore the possibilities this property offers. The property's address is precisely 1306 E Screven St, Quitman, GA 31643, with GPS coordinates of 30.7849013 latitude and -83.5467013 longitude. This is a rare opportunity to acquire a well-positioned commercial lot in a thriving area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $115,000
      ML approach
      $145,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Quitman
    County
    Brooks
    State
    Georgia
    Longitude
    -83.5467
    Latitude
    30.785
    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
    2024
    $1,395
    $42,200
    $440
    $42,640
    -
    $105,500
    $1,100
    $106,600

    Comparable in this City

    • Value Estimation
      $265,000
      13.40 Acres

      12405 84

      COMMERCIAL (GENERAL) • 13.40 Acres
      12405 84, Quitman, GA 31643
      View Details
    • Value Estimation
      $255,000
      4.00 Acres

      88 Shea Dr

      COMMERCIAL (GENERAL) • 4.00 Acres
      88 Shea Dr, Quitman, GA 31643-8039
      View Details
    • Value Estimation by Request

      Trl Of Hawk Rd

      COMMERCIAL (GENERAL)
      Trl Of Hawk Rd, Quitman, GA 31643
      View Details
    • Value Estimation
      $265,000
      7,500 SF

      402 Ct St

      COMMERCIAL (GENERAL) • 7,500 SF
      402 Ct St, Quitman, GA 31643-2740
      View Details
    • Value Estimation
      $240,000
      0.06 Acres

      900 Blue Spgs Ln

      COMMERCIAL (GENERAL) • 0.06 Acres
      900 Blue Spgs Ln, Quitman, GA 31643-6357
      View Details
    • Value Estimation
      $250,000
      0.49 Acres

      903 Johnson St

      COMMERCIAL (GENERAL) • 0.49 Acres
      903 Johnson St, Quitman, GA 31643-2927
      View Details

    Similar Nearby for Sale

    • $995,000
      1.49 Acres

      Downtown Quitman Commercial Building

      Prime location, versatile space, high visibility.
      1315 Screven St, Quitman, GA 31643
      View Details
    • $199,000
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      Quitman Commercial Land - $199K

      1.22 Acres, Prime Commercial Location
      1306 Screven St, Quitman, GA 31643
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    • $995,000
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      Quitman Retail Building - $995K

      Prime Downtown Quitman Retail Space
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    • Contact for pricing
      33,820 SF

      Vacant Retail Building in Quitman

      33,820 SF vacant building in shopping center for sale.
      1301 W Screven St, Quitman, GA 31643
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    • $299,000
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      Income-Producing Pecan Grove with Cabin

      15-acre property with pecan trees, cabin, and development potential.
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    • New
      $35,000
      1.05 Acres

      Residential Lot in Rural Setting

      Residential lot in Brooks County, convenient to Thomasville and Valdosta.
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      View Details
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    Quitman, GA 31643
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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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