1400 Magnolia StValdosta, GA 31601

Property Details for 1400 Magnolia St

Year built

2022

Lot size

9.28 AC

Zone code

R-M

Property type

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.

• 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

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