Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4100 Mulligan Manor Ln Valdosta, GA 31605
    Back to Search
    Property profile & analytics

    4100 Mulligan Manor Ln Valdosta, GA 31605

    View on Map
    • Commercial real estate
    • 28,468 SF
    • 2.88 lot acres
    Off-Market
    Property ID
    US22-3588796
    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

    • Commercial real estate

    Property Details for 4100 Mulligan Manor Ln

    Year built
    2013
    Lot size
    2.88 lot acres
    Property size
    28,468 SF
    Property type
    Commercial real estate
    APN
    0145C 090A-090N

    Description

    This exceptional investment opportunity presents Hangar 22, an eleven-building, twenty-two-unit apartment complex situated on a 2.88-acre lot in Valdosta, Georgia. Built in 2013, this Class A property boasts 28,468 square feet of net rentable space, currently achieving 100% occupancy. Each unit is a three-bedroom, two-bathroom duplex, featuring modern amenities such as canned lighting, subway tile backsplashes, real wood cabinets, and stainless steel appliances including a refrigerator, range with micro-hood, dishwasher, and washer/dryer hookups. The units also include carpet, tile, and stained concrete flooring, walk-in closets, and private front and back porches. All units are ADA compliant, featuring wide doors, hallways, and roll-in showers. The property offers three parking spaces per unit and is zoned P-D. Currently generating a NOI of $231,000 and a 7.45% cap rate, this stabilized investment presents a value-add opportunity with potential for rent increases. The property's prime location in Lowndes County, near Moody Air Force Base, ensures high demand and consistent occupancy. The asking price is $3,100,000, translating to $140,909 per unit and $108.89 per square foot. This turnkey property offers significant potential for future growth and strong returns. The property's location provides easy access to jobs, schools, entertainment, recreation, shopping, and dining.

    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
    -83.252947953466
    Latitude
    30.923621389321

    Comparable in this City

    • $475,000
      2,846 SF

      Multifamily Investment Opportunity

      Eight-unit multifamily property ideal for investors in Valdosta, GA.
      2000 Oak St, Valdosta, GA 31605
      View Details
    • $425,900
      2.19 Acres

      Commercial Land on Bemiss Road

      2.19-acre commercial property with high visibility and utilities in place.
      3448 Bemiss Rd, Valdosta, GA 31605
      View Details
    • $495,000
      4,000 SF

      Leased Commercial Strip in Valdosta

      Fully leased commercial strip property with income potential.
      3971 Inner Perimeter Rd, Valdosta, GA 31605
      View Details
    • $1,700,000
      212.65 Acres

      212 Acres Development Opportunity

      Prime land with highway frontage, development potential, and recreational value.
      Knights Academy Rd, Valdosta, GA 31605
      View Details
    • $395,000
      1.00 Acres

      Prime Commercial Corner Lot

      Corner lot with median cut on busy Bemiss Rd.
      4300 Bemiss Rd, Valdosta, GA 31605
      View Details
    • $895,000
      2.13 Acres

      High-Profile Corner Redevelopment Opportunity

      2.13-acre corner lot in Valdosta with redevelopment potential.
      3480 Bemiss Rd, Valdosta, GA 31605
      View Details

    Similar Nearby for Sale

    • $475,000
      2,846 SF

      Multifamily Investment Opportunity

      Eight-unit multifamily property ideal for investors in Valdosta, GA.
      2000 Oak St, Valdosta, GA 31605
      View Details
    • $425,900
      2.19 Acres

      Commercial Land on Bemiss Road

      2.19-acre commercial property with high visibility and utilities in place.
      3448 Bemiss Rd, Valdosta, GA 31605
      View Details
    • $495,000
      4,000 SF

      Leased Commercial Strip in Valdosta

      Fully leased commercial strip property with income potential.
      3971 Inner Perimeter Rd, Valdosta, GA 31605
      View Details
    • $1,700,000
      212.65 Acres

      212 Acres Development Opportunity

      Prime land with highway frontage, development potential, and recreational value.
      Knights Academy Rd, Valdosta, GA 31605
      View Details
    • $395,000
      1.00 Acres

      Prime Commercial Corner Lot

      Corner lot with median cut on busy Bemiss Rd.
      4300 Bemiss Rd, Valdosta, GA 31605
      View Details
    • $895,000
      2.13 Acres

      High-Profile Corner Redevelopment Opportunity

      2.13-acre corner lot in Valdosta with redevelopment potential.
      3480 Bemiss Rd, Valdosta, GA 31605
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,960 SF

      Retail Space on Bemiss Road

      Inline retail space in high-traffic Valdosta corridor.
      4624 Bemiss Rd, Valdosta, GA 31605
      View Details
    • $16 SF/Yr

      Classroom Space Available For Sublease

      22,000 SF classroom space available for sublease until 2031.
      4201 N Forrest St, Valdosta, GA 31605
      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.
    4100 Mulligan Manor Ln
    Valdosta, GA 31605
    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
    4100 Mulligan Manor Ln, Valdosta, GA, 31605
    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!