Renovated Flex Space with
For Sale
$925,000
1319-21 W Hill Ave, Valdosta, GA 31601
Commercial Sale, Valdosta, GA
Property Size6,624 SF
Lot Size1.76 Acres
Price / SF$139.64
Days on Market81
Property Features for 1319-21 W Hill Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-H
Subdivision
4-S Baytree Rd to W Oak St to S Hill Ave (CtyLmts)
Standard status
Active
APN
0119C-112,111
Size
6,624 SF
Lot size
1.76 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TF
Tax Annual Amount
5363
Legal Description
TF
Amenities
paved parking
rear fenced storage
Building Details
Year built
1988
Listing Agency:
FIRST COMMERCIAL REAL ESTATE
(229) 561-1939
Listed By:
Scott Alderman · License #109748
(229) 561-1939
Added: Jun 4
Changed: Aug 20
Last Checked: Aug 23 at 6:06PM
MLS# 153915
Copyright © 2026 South Georgia MLS (Valdosta). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex-space offering comprises two adjacent commercial lots with a combined 6,624 square feet of primary office and warehouse improvements. The property also includes four storage and shop buildings totaling 3,440 square feet. The buildings were renovated or upgraded in recent years and include functional office areas, warehouse space, shops, storage, paved parking, and fenced storage areas at the rear. One main building contains a 1,300-square-foot front office with bonus mezzanine storage and a 3,000-square-foot rear warehouse served by four overhead doors.
The lots front and provide access to W Hill Ave, also identified as US Hwy 84, and extend through to W Savannah Ave. The highway carries a stated traffic volume of 21,500 vehicles per day. The combined site measures 1.76 acres and is zoned C-H. The property was built in 1988 and is located in Valdosta, Georgia.
The lots front and provide access to W Hill Ave, also identified as US Hwy 84, and extend through to W Savannah Ave. The highway carries a stated traffic volume of 21,500 vehicles per day. The combined site measures 1.76 acres and is zoned C-H. The property was built in 1988 and is located in Valdosta, Georgia.
Key Highlights
- 6,624 SF of combined primary office and warehouse space
- Four storage/shop buildings totaling 3,440 SF
- 1.76‑acre combined site with C‑H zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,151
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,023,020
$1.0M
Cap Rate 7%
$730,729
$730.7K
Cap Rate 9%
$568,344
$568.3K
Market Conditions
NOI Build-Up for 6,624 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$87.4K $13.20/SF
− Vacancy
−$19.2K −$2.90/SF
EGI
$68.2K $10.30/SF
− OpEx
−$17.1K −$2.57/SF
NOI
$51.2K $7.72/SF
Area
Lowndes County, GA
Vacancy
22.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,023,020
Cap Rate 7%
$730,729
Cap Rate 9%
$568,344
Alternative Uses
Best Use
Office B
$730.7K
$639.4K – $852.5K
NOI $51,151 @ 7.0% cap · market cap 5.53%
Second Best
Warehouse
$557.7K
$488.0K – $650.7K
NOI $39,042 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$1.01M
$879.9K – $1.17M
NOI $70,395 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
21,500 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
192
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 31601, GA
32,331
Population
14,345
Households
2.3
Avg Household Size
33
Median Age
15%
College-Educated
82%
High-School Grad
159.0 sq mi
ZIP Area
203
Density / Sq Mi
$34,846
Median Household Income
$28,878
Median Earnings
$872
Median Rent
$112,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two adjacent commercial lots combine offices, warehouse areas, shops, storage buildings, paved parking, and fenced rear storage.
Where is this flex space located?
The property is located at 1319-21 W Hill Ave Valdosta, GA.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 6,624 SF of combined primary office and warehouse space; Four storage/shop buildings totaling 3,440 SF; 1.76‑acre combined site with C‑H zoning
