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    2316 N Toombs St Valdosta, GA 31602
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    Property profile & analytics

    2316 N Toombs St, Valdosta, GA 31602

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    • Office Units
    Off-Market
    Property ID
    US22-3100970
    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

    • The Roberson Home For Youth / Nursing Home / Social Service Agency

    Property Details for 2316 N Toombs St

    Year built
    1961
    Property type
    Office Units
    Property subtype
    Single family properties

    Description

    Solid, well-built large home on a corner lot in a transitional area with a professional/commercial best use character. Close proximity to SGMC and other medical/professional offices. Located on the corner of Gornto and Toombs between Oak and Patterson Street, Neighborhood is professional in charact ... er. Interior has new paint and new ceiling fans. New metal roof and a 2018 5-ton heat pump split system lending it convertible to office space use. Currently rented for $1,800/mo with a 30 day terminable lease.

    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
    -83.2910576
    Latitude
    30.860062

    Comparable in this City

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      Completely Rebuilt Home in Valdosta

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      Spacious Office Building on Baytree

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    • $950,000
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      Valdosta Land For Sale

      3.79-acre multi-family or office/mixed-use development site.
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    • $525,000
      3,789 SF

      Valdosta Professional Office Near Hospital

      Move-in ready office space near South Georgia Medical Center.
      2301 Bemiss Rd, Valdosta, GA 31602
      View Details

    Similar Nearby for Sale

    • New
      $785,000
      6,216 SF

      Multi-Tenant Office Investment Opportunity

      Stabilized multi-tenant office property near SGMC and Moody AFB.
      411-415 Cowart Ave, Valdosta, GA 31602
      View Details
    • Contact for pricing

      Modern Flex Building Near I-75

      Three-year-old flex building with office and warehouse space for sale.
      19358 Valdosta Hwy, 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
    • $525,000
      4,006 SF

      Spacious Office Building on Baytree

      4000+ sqft office building with ample parking.
      1216 Baytree Rd, 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
    • $525,000
      3,789 SF

      Valdosta Professional Office Near Hospital

      Move-in ready office space near South Georgia Medical Center.
      2301 Bemiss Rd, Valdosta, GA 31602
      View Details

    Similar Nearby for Lease

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      2,698 SF

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      Renovated Office Space Available

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      1,000 SF

      Valdosta Office Space Available

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      1,800 SF

      Valdosta Office Space For Rent

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      3,364 SF

      Valdosta Office/Warehouse Combo Property

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      1,140 SF

      Professional Office in North Ashley

      Professional office space available for rent in Valdosta, Georgia.
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    Valdosta, GA 31602
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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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