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

    1824 Patterson St Valdosta, GA 31601-6709

    • Outlet malls
    • 11,200 SF
    • 5.00 lot acres
    OFF-MARKET
    Last Sale
    Apr 01, 2020
    $2,110,000
    Value Estimations
    $2,025,000
    Show details
    Cap Rate Potential
    3.4%
    Outlet malls
    Location Intelligence
    Property ID
    US22-3443835
    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

    • United Rentals / Building Materials Supplier / Construction Equipment Supplier

    Property Details for 1824 Patterson St

    Year built
    1988
    Construction
    STEEL FRAME
    Lot size
    5.00 lot acres
    Property size
    11,200 SF
    Zone code
    C-H
    Property type
    Outlet malls
    APN
    0163A-009
    APU
    0163A009

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,600,000
      ML approach
      $2,520,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,475,000
      6.5%
      $1,360,000
      7%
      $1,265,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,434,000
      Market price range: $863k - $2.25M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,635,000
      Current use
      RESTAURANT
      $3,255,000
      Change: +99% Conversion: Easy
      MEDICAL BUILDING
      $1,990,000
      Change: +22% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Valdosta
    County
    Lowndes
    State
    Georgia
    Longitude
    -83.2575
    Latitude
    30.8071
    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
    $6,970
    $47,000
    $186,958
    $233,958
    -
    $117,500
    $467,394
    $584,894

    Comparable in this City

    • Value Estimation by Request
      5,520 SF

      528 Patterson St

      WHOLESALE OUTLET, DISCOUNT STORE • 5,520 SF
      528 Patterson St, Valdosta, GA 31601-6062
      View Details
    • Value Estimation
      $905,000
      7,056 SF

      107 Saint Augustine Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 7,056 SF
      107 Saint Augustine Rd, Valdosta, GA 31601-5225
      View Details
    • Value Estimation
      $705,000
      6,328 SF

      Lee St

      WHOLESALE OUTLET, DISCOUNT STORE • 6,328 SF
      Lee St, Valdosta, GA 31601
      View Details
    • Value Estimation
      $780,000
      11,280 SF

      1221 Madison Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 11,280 SF
      1221 Madison Hwy, Valdosta, GA 31601-6094
      View Details
    • Value Estimation
      $1,840,000
      14,935 SF

      2908 Us Hwy 84th W

      WHOLESALE OUTLET, DISCOUNT STORE • 14,935 SF
      2908 Us Hwy 84th W, Valdosta, GA 31601-0303
      View Details
    • Value Estimation
      $815,000
      8,500 SF

      512 Central Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 8,500 SF
      512 Central Ave, Valdosta, GA 31601-5811
      View Details

    Similar Nearby for Sale

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      10,800 SF

      Valdosta Mixed-Use Landmark Building

      Mixed-use building with retail and residential units in Valdosta.
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      Iconic 24,300 SF historic building in downtown Valdosta.
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    • $385,000
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      4800 SF Valdosta building with office, showroom, and warehouse.
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      2,480 SF

      Downtown Valdosta Mixed-Use Property

      Valdosta Office/Retail Investment Opportunity
      121 Central Ave, Valdosta, GA 31601
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      Historic Mixed-Use Building in Valdosta

      Two-story commercial building in downtown Valdosta, suitable for retail/office.
      201 Ashley St, Valdosta, GA 31601
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,800 SF

      Valdosta Retail Space: 4,800 SF

      Prime Downtown Valdosta retail space, 4,800 sq ft, ample parking.
      410 Oak St, Valdosta, GA 31601
      View Details
    • Contact for pricing
      1,608 SF

      Downtown Valdosta Storefront Opportunity

      Versatile 1,608 SF space ideal for retail or office.
      116 Patterson St, Valdosta, GA 31601
      View Details
    • Contact for pricing
      49,800 SF

      Valdosta Warehouse: 50,000 SF

      Large warehouse, ideal for distribution.
      1617 James P Rodgers Dr, Valdosta, GA 31601
      View Details
    • $5,500 /Mo
      5,392 SF

      Restaurant Space Near I-75

      Former restaurant space with high traffic and ample parking.
      1830 Hill Ave, Valdosta, GA 31601
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space on Saint Augustine

      Retail space available for lease on Saint Augustine Road.
      950-986 Saint Augustine Rd, Valdosta, GA 31601
      View Details
    • Contact for pricing
      4,907 SF

      Versatile Commercial Space in Remerton

      Former restaurant suitable for restaurant, retail, or office uses.
      1903 Baytree Pl, Valdosta, GA 31601
      View Details
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    1824 Patterson St
    Valdosta, GA 31601-6709
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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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