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    Property profile & analytics

    423 Connell Rd Valdosta, GA 31602-1414

    • Outlet malls
    • 9,000 SF
    • 1.06 lot acres
    OFF-MARKET
    Value Estimations
    $605,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-2399728
    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

    • carpet / Carpet & Flooring Store / Hardware & Home Improvement
    • Mizell Floor Covering & Interiors / Carpet & Flooring Store / Hardware & Home Improvement

    Property Details for 423 Connell Rd

    Year built
    1977
    Construction
    STEEL FRAME
    Lot size
    1.06 lot acres
    Property size
    9,000 SF
    Zone code
    C-C
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    0112A-022
    APU
    0112A022

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $693,000
      Market price range: $693k - $1.81M

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

    Location Insight

    • Map
    • Local Demand
    City
    Valdosta
    County
    Lowndes
    State
    Georgia
    Longitude
    -83.2799
    Latitude
    30.8738
    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
    $3,921
    $84,800
    $46,821
    $131,621
    -
    $212,000
    $117,053
    $329,053

    Comparable in this City

    • Value Estimation
      $4,000,000
      9,900 SF

      407 Vallotton St

      WHOLESALE OUTLET, DISCOUNT STORE • 9,900 SF
      407 Vallotton St, Valdosta, GA 31602-3373
      View Details
    • Value Estimation by Request
      5,800 SF

      2234 Bemiss Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 5,800 SF
      2234 Bemiss Rd, Valdosta, GA 31602-1942
      View Details
    • Value Estimation by Request
      3,000 SF

      2615 Bemiss Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 3,000 SF
      2615 Bemiss Rd, Valdosta, GA 31602-4607
      View Details
    • Value Estimation
      $600,000
      9,000 SF

      4373 Inner Perimeter Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 9,000 SF
      4373 Inner Perimeter Rd, Valdosta, GA 31602-4305
      View Details
    • Value Estimation
      $1,110,000
      10,275 SF

      403 Murray Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 10,275 SF
      403 Murray Rd, Valdosta, GA 31602-4005
      View Details
    • Value Estimation
      $805,000
      9,058 SF

      1610 Northside Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 9,058 SF
      1610 Northside Dr, Valdosta, GA 31602-2054
      View Details

    Similar Nearby for Sale

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      4,176 SF

      Valdosta Commercial Building For Sale

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    • $2,495,000
      25,600 SF

      Valdosta Commercial Highway Redevelopment Opportunity

      25,600 SF commercial building on 2.13 acres for sale.
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    • $820,000
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      Valdosta Automotive Facility For Sale

      Well-maintained automotive facility on 1.6 acres with redevelopment potential.
      432 Connell Rd, Valdosta, GA 31602
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    • $895,000
      4,550 SF

      Established Dry Cleaning Business For Sale

      Turnkey dry cleaning business with real estate in Valdosta, GA.
      375 Connell Rd, Valdosta, GA 31602
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    • $2,367,380
      1,680 SF

      Valdosta Tropical Smoothie Cafe

      High-return Restaurant Investment. Strong tenant.
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      Office condo with long-term tenant in place until 2028.
      2935 Ashley St, Valdosta, GA 31602
      View Details

    Similar Nearby for Lease

    • $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
    • 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
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    • 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
      1,200 SF

      Modern Flex Building Near I-75

      Three-year-old office/warehouse flex building with modern amenities and highway visibility.
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    • Contact for pricing
      2,964 SF

      Renovated Office Suite For Lease

      Professional office suite with private offices, conference room, and breakroom.
      2704 N Oak St, Valdosta, GA 31602
      View Details
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    423 Connell Rd
    Valdosta, GA 31602-1414
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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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