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

    2704 Oak St Valdosta, GA 31602-1744

    • Drug stores
    • 1,613 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimations
    $280,000
    Show details
    Cap Rate Potential
    4.3%
    Drug stores
    Location Intelligence
    Property ID
    US22-3347847
    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

    • Bryan D Shover - Aflac Insurance Agent / Insurance Agency / Insurance Company
    • Vanessa Ochs / Occupational Therapist
    • Erica Morris / Speech Pathologist
    • Lauren Garcia / Speech Pathologist
    • Morgan Mccall / Speech Pathologist

    Property Details for 2704 Oak St

    Year built
    1976
    Construction
    WOOD
    Lot size
    0.20 lot acres
    Property size
    1,613 SF
    Zone code
    R-P
    Property type
    Drug stores
    APN
    0111D-108
    APU
    0111D108

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $300,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $210,000
      6.5%
      $195,000
      7%
      $180,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $323,000
      Market price range: $124k - $324k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $235,000
      Current use
      COMMERCIAL (GENERAL)
      $290,000
      Change: +23% Conversion: Easy
      MEDICAL BUILDING
      $245,000
      Change: +5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Valdosta
    County
    Lowndes
    State
    Georgia
    Longitude
    -83.2926
    Latitude
    30.865
    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
    $1,991
    $20,000
    $46,831
    $66,831
    -
    $50,000
    $117,078
    $167,078

    Comparable in this City

    • Value Estimation
      $280,000
      5,100 SF

      2921 Ashley St

      DRUG STORE, PHARMACY • 5,100 SF
      2921 Ashley St, Valdosta, GA 31602-1725
      View Details
    • Value Estimation
      $560,000
      14,618 SF

      1800 Baytree Rd

      DRUG STORE, PHARMACY • 14,618 SF
      1800 Baytree Rd, Valdosta, GA 31602-3552
      View Details
    • Value Estimation
      $420,000
      5,889 SF

      2333 Ashley St

      DRUG STORE, PHARMACY • 5,889 SF
      2333 Ashley St, Valdosta, GA 31602-2621
      View Details
    • Value Estimation
      $480,000
      13,152 SF

      2205 Ashley St

      DRUG STORE, PHARMACY • 13,152 SF
      2205 Ashley St, Valdosta, GA 31602-2612
      View Details
    • Value Estimation
      $380,000
      14,392 SF

      2815 Ashley St

      DRUG STORE, PHARMACY • 14,392 SF
      2815 Ashley St, Valdosta, GA 31602-1806
      View Details
    • Value Estimation
      $335,000
      9,975 SF

      3782 Old Us 41st N

      DRUG STORE, PHARMACY • 9,975 SF
      3782 Old Us 41st N, Valdosta, GA 31602-6834
      View Details

    Similar Nearby for Sale

    • $225,000
      4,176 SF

      Valdosta Commercial Building on Corner

      Highly visible commercial building on a high-traffic corner.
      1911 Ashley St, Valdosta, GA 31602
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    • $820,000
      2,250 SF

      Valdosta Automotive Facility For Sale

      Well-maintained automotive facility on 1.6 acres with redevelopment potential.
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    • $2,367,380
      1,680 SF

      Valdosta Tropical Smoothie Cafe

      High-return Restaurant Investment. Strong tenant.
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    • $295,000
      1.80 Acres

      Valdosta Land Development Opportunity

      1.8 acre parcel suitable for residential or commercial development.
      310 Eager Rd, Valdosta, GA 31602
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    • $4,000,000
      2.83 Acres

      Valdosta Commercial Redevelopment Opportunity

      2.83-acre commercial redevelopment site with high visibility and access.
      2965 Ashley St, Valdosta, GA 31602
      View Details
    • $2,599,000
      Pending

      Valdosta Land with Hunting Potential

      495-acre tract perfect for a private retreat and sportsman paradise.
      Lineberger Rd, Valdosta, GA 31602
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,145 SF

      Retail Space Near High Traffic Area

      Retail space available near I-75 and a major retail area.
      1616 E Norman Dr, Valdosta, GA 31602
      View Details
    • Contact for pricing
      2,000 SF

      Valdosta Office Retail Hybrid Space

      2000 SF office-retail space for lease on Inner Perimeter Rd.
      3971 Inner Perimeter Rd, Valdosta, GA 31602
      View Details
    • Contact for pricing
      4,449 SF

      Valdosta Retail and Warehouse Space

      Versatile commercial property with retail and warehouse space for lease.
      408-F Northside Dr, Valdosta, GA 31602
      View Details
    • Contact for pricing
      1,500 SF

      Valdosta Retail/Office Space Available

      1500 sq ft retail/office space near Valdosta Mall.
      1525 Baytree Rd, Valdosta, GA 31602
      View Details
    • $21 SF/Yr
      140,680 SF

      Inner Perimeter Road Retail Spaces

      Seven retail spaces available, prime location.
      3259 Inner Perimeter Rd, Valdosta, GA 31602
      View Details
    • Contact for pricing
      34,700 SF

      Perimeter Oaks Retail Space Available

      Valdosta, GA Shops - 1,200-4,000 SF
      3268 Inner Perimeter Rd, Valdosta, GA 31602
      View Details
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    2704 Oak St
    Valdosta, GA 31602-1744
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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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