Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1903 Azalea Dr Valdosta, GA 31602
    Back to Search
    Property profile & analytics

    1903 Azalea Dr, Valdosta, GA 31602

    View on Map
    • Residential income homes
    • 34,112 SF
    Off-Market
    Property ID
    US22-2051165
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 1903 Azalea Dr

    Property type
    Residential income homes

    Description

    This exceptional investment opportunity presents a portfolio of twenty single-family rental homes in Valdosta, Georgia. Located primarily in established neighborhoods, these Class B properties boast a combined 34,112 square feet and are currently 100% occupied, generating a substantial monthly rental income of $30,690. The portfolio offers a compelling 7.09% cap rate, with a pro-forma cap rate projected at 7.38% through strategic rent increases. The asking price is $3,495,000, translating to $174,750 per unit and $102.46 per square foot. The properties are well-maintained, with several featuring recent updates. Many tenants are on month-to-month leases, providing flexibility for future rent adjustments. This stabilized investment presents a unique value-add opportunity, allowing for increased profitability through rent bumps or individual property sales at premium prices—current market estimates suggest individual home values could reach $140-$150 per square foot. The portfolio's strong performance, coupled with its significant upside potential, makes it an attractive investment for discerning buyers. Detailed financial information, including a complete rent roll and property locations, is available upon request. The properties are self-managed, with tenants responsible for all utilities. The portfolio includes five homes on Thomwal Street, four on Jerry Jones/Gornto Road, and the remaining properties situated in various established neighborhoods within Valdosta. All homes feature central HVAC systems. This is a rare opportunity to acquire a substantial, high-performing rental portfolio in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Valdosta
    County
    Lowndes
    State
    Georgia
    Longitude
    -83.29744153
    Latitude
    30.8526486

    Comparable in this City

    • $260,000
      2,500 SF

      Valdosta Duplex: Investment Opportunity

      Meticulously maintained duplex in Valdosta's East Side, generating immediate cashflow.
      3201 Tyndall Dr, Valdosta, GA 31602
      View Details
    • New
      $260,000
      2,500 SF

      High-Performing Duplex in Valdosta, GA

      Meticulously maintained duplex on a corner lot with immediate cashflow.
      3201 Tyndall Dr, Valdosta, GA 31602
      View Details
    • $950,000
      3.79 Acres

      Valdosta Land For Sale

      3.79-acre multi-family or office/mixed-use development site.
      2005 Baytree Rd, Valdosta, GA 31602
      View Details
    • $259,000
      2,280 SF

      Valdosta Duplex Investment Opportunity

      Two-bedroom, two-bath duplex in Northeast Valdosta with long-term tenants.
      3200 Tyndall Dr, Valdosta, GA 31602
      View Details
    • $289,000
      1,768 SF

      Completely Rebuilt Home in Valdosta

      Modern, efficient 3-bedroom home rebuilt in 2024.
      2433 Knox Dr, Valdosta, GA 31602
      View Details
    • $150,000
      1.29 Acres

      Valdosta Land on Highway 41

      1.29 acres zoned CG in prime location on Highway 41.
      Us Highway 41, Valdosta, GA 31602
      View Details

    Similar Nearby for Sale

    • $260,000
      2,500 SF

      Valdosta Duplex: Investment Opportunity

      Meticulously maintained duplex in Valdosta's East Side, generating immediate cashflow.
      3201 Tyndall Dr, Valdosta, GA 31602
      View Details
    • New
      $260,000
      2,500 SF

      High-Performing Duplex in Valdosta, GA

      Meticulously maintained duplex on a corner lot with immediate cashflow.
      3201 Tyndall Dr, Valdosta, GA 31602
      View Details
    • $950,000
      3.79 Acres

      Valdosta Land For Sale

      3.79-acre multi-family or office/mixed-use development site.
      2005 Baytree Rd, Valdosta, GA 31602
      View Details
    • $259,000
      2,280 SF

      Valdosta Duplex Investment Opportunity

      Two-bedroom, two-bath duplex in Northeast Valdosta with long-term tenants.
      3200 Tyndall Dr, Valdosta, GA 31602
      View Details
    • $289,000
      1,768 SF

      Completely Rebuilt Home in Valdosta

      Modern, efficient 3-bedroom home rebuilt in 2024.
      2433 Knox Dr, Valdosta, GA 31602
      View Details
    • $150,000
      1.29 Acres

      Valdosta Land on Highway 41

      1.29 acres zoned CG in prime location on Highway 41.
      Us Highway 41, Valdosta, GA 31602
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,698 SF

      Well-Laid Out Office Space

      Office space with reception, kitchen, and conference room available.
      2502 C Jerry Jones Dr, Valdosta, GA 31602
      View Details
    • Contact for pricing
      1,845 SF

      Renovated Office Space Available

      Move-in ready, renovated office space with modern amenities.
      101 C Northside Dr, Valdosta, GA 31602
      View Details
    • Contact for pricing
      1,000 SF

      Valdosta Office Space Available

      Office suite with reception, break room, and storage.
      2717 B Windemere, Valdosta, GA 31602
      View Details
    • Contact for pricing
      1,800 SF

      Valdosta Office Space For Rent

      Professional office space in a thriving North Oak Street corridor.
      2914 N Oak St, Valdosta, GA 31602
      View Details
    • Contact for pricing
      43,560 SF

      Valdosta Commercial Land For Lease

      Prime commercial land in high-growth Valdosta corridor, suitable for various uses.
      Inner Perimeter Rd & Park Ave, Valdosta, GA 31602
      View Details
    • Contact for pricing
      3,364 SF

      Valdosta Office/Warehouse Combo Property

      Functional office and warehouse combo in a prime Valdosta location.
      4168 Old Highway 41, Valdosta, GA 31602
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1903 Azalea Dr
    Valdosta, GA 31602
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1903 Azalea Dr, Valdosta, GA, 31602
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!