1400 Magnolia StValdosta, GA 31601
- Office properties
- 9.28 AC
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
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- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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