1400 Magnolia StValdosta, GA 31601

  • Office properties
  • 9.28 AC
For Sale

Property Details for 1400 Magnolia St

Year built
2022
Lot size
9.28 AC
Zone code
R-M
Property type
Office properties
Property subtype
Other office properties
APN
0117C-168
APU
0117C168

Description

This exceptional 120-unit student housing community in Valdosta, Georgia, presents a compelling investment opportunity. Built in 2024, the property boasts 124,680 square feet of net rentable space across six, two-story buildings situated on a 9.3-acre lot. The property currently enjoys a 94% occupancy rate, with a mix of 80 two-bedroom/two-bathroom units and 40 one-bedroom/one-bathroom units, averaging 1,039 square feet per unit. Rents average $1.30 per square foot. Residents enjoy a range of amenities including gated private parking, a fully furnished clubhouse, a swimming pool with sundeck, in-unit washer and dryers, a property-wide surveillance system, and paid utility bills. Its advantageous location, less than one mile from Valdosta State University, ensures strong demand and rental income potential. This turnkey operation offers immediate access to a thriving student market with significant upside potential for rental increases. The property's modern construction and desirable features make it an attractive option for students seeking comfortable and convenient housing. This is a rare opportunity to acquire a nearly fully occupied, newly constructed asset in a high-demand location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $63,734,760
    6.5%
    $58,832,088
    7%
    $54,629,796
  • Comparable approach

    Method
    Valuation
    Relative Method
    $28,737,208
    Geo Method
    $28,737,208
  • Alternative Use

    Use
    Valuation
    Residential
    $72,951,792
    Hospitality
    $66,823,444
    Educational
    $55,596,324
    Medical
    $57,508,364
    Retail
    $86,483,168
1400 Magnolia St, Valdosta, Georgia

Location Insight

City
Valdosta
County
Lowndes
State
Georgia
Latitude
30.835
Longitude
-83.3042
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
$2,263
$37,120
$38,846
$75,966
-
$92,800
$97,114
$189,914

FAQs

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