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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Grocery and convenience stores
2601 Madison Hwy Valdosta, GA 31601-6945
Individually Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-2933985
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,100 SF
Lot
1.01 ac (43,996 SF)
Zoning code
C-G
APN
0128B-009
UPID
US22-2933985
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Hunt Brothers Pizza Restaurant
-
Marathon Gas Gas Station
-
ATM (Madison Discount Shoppee) Atm
-
Madison Discount Shoppee Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$865k
Comparable Approach
Comparable
$880k
Blend (final)
Blend
$875k
Owner & transaction history
Norman Fletcher · 12 yrs held
Norman Fletcher
since 2014
5 recorded transactions
Zoning & alternative use
C-G · Valdosta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$795,000
+183.8%
Commercial (general)
$760,000
+170.8%
Medical building
$635,000
+127.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Valdosta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Valdosta submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$940,000
6.5%
$865,000
7%
$805,000
Alternative Use
Use
Estimation
RESTAURANT
$795,000
Change: +184% · Conversion: Difficult
COMMERCIAL (GENERAL)
$760,000
Change: +171% · Conversion: Easy
MEDICAL BUILDING
$635,000
Change: +128% · Conversion: Difficult
RETAIL STORES
$605,000
Change: +116% · Conversion: Easy
AUTO REPAIR, GARAGE
$605,000
Change: +116% · Conversion: Difficult
Blend value · Realmo final
$875k
Range $788k – $963k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$143 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,598
Tax year 2023
Assessed value
$178,364
Assessed 2023
Previous assessed
$178,364
+0.0% YoY
Effective rate
2.58%
On assessed value
Assessed land
$30,300
Assessed improvement
$148,064
Land market value
$75,750
Improvement market value
$370,159
Total market value
$445,909
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
6,100 SF
Lot
1.01 ac (43,996 SF)
Zoning code
C-G
APN
0128B-009
UPID
US22-2933985
Jurisdiction
LOWNDES
Zoning & alternative use
C-G · Valdosta, GA
Zoning C-G · permitted uses
C-G · Valdosta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Valdosta. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$795,000
COMMERCIAL (GENERAL)
Est. value
$760,000
MEDICAL BUILDING
Est. value
$635,000
RETAIL STORES
Est. value
$605,000
AUTO REPAIR, GARAGE
Est. value
$605,000
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.01 ac
Current owner
From public records · entity-resolved
Norman Fletcher
Individual
Mailing address
5410 BAOBAB LN, LAKE PARK, GA 31636-3181
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2024
—
Shree Vasudev LLC
—
Deed
related
$1,520,670 · Farmers And Merchants Bank
Oct 14, 2019
—
Shree Vasudev LLC
—
Deed
related
$300,000 · Fletcher Norman
Mar 15, 2019
—
Shree Vasudev LLC
—
Deed
related
$400,000 · Fletcher Norman
Jan 9, 2017
—
Shree Vasudev LLC
—
Deed
related
$600,000 · Fletcher Norman
Jul 11, 2014
—
Norman Fletcher
Earl Stone
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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