Air-Conditioned Fitness
For Sale
$999,900
1874 Business Parkway, Valdosta, GA 31601
Commercial Sale, Valdosta, GA
Property Size10,973 SF
Lot Size0.58 Acres
Price / SF$91.12
Days on Market509
Property Features for 1874 Business Parkway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-3
Subdivision
4-S Baytree Rd to W Oak St to S Hill Ave (CtyLmts)
Standard status
Active
APN
0086D 014
Size
10,973 SF
Lot size
0.58 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LT 4 BLK A VAL CTR BUS PRK PH-2
Tax Annual Amount
9671
Legal Description
LT 4 BLK A VAL CTR BUS PRK PH-2
Building Details
Year built
2000
Listing Agency:
Dove Realty, Inc.
(229) 740-6474
Listed By:
Evan Roark · License #429854
(229) 834-6418
Added: Apr 24, 2025
Changed: Aug 20
Last Checked: Sep 14 at 12:06AM
MLS# 144668
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 10,973-square-foot commercial facility is currently configured as a cheerleading gym and includes a 9,240-square-foot air-conditioned warehouse, a 1,452-square-foot lobby, and three restrooms. The warehouse measures 70 feet by 132 feet, while the front lobby measures 22 feet by 66 feet and can accommodate reception, retail, or waiting functions. A 10-by-12-foot roll-up door provides access for equipment and inventory movement.
The property occupies approximately 0.58 acres, or 25,265 square feet, at 1874 Business Parkway in Valdosta. C-3 zoning, paved parking, and street visibility support a range of commercial configurations. Built in 2000, the building offers a substantial enclosed layout for fitness, training, recreation, light industrial, or warehouse distribution uses.
The property occupies approximately 0.58 acres, or 25,265 square feet, at 1874 Business Parkway in Valdosta. C-3 zoning, paved parking, and street visibility support a range of commercial configurations. Built in 2000, the building offers a substantial enclosed layout for fitness, training, recreation, light industrial, or warehouse distribution uses.
Key Highlights
- 9,240‑square‑foot air‑conditioned warehouse measuring 70 feet by 132 feet
- 1,452‑square‑foot lobby measuring 22 feet by 66 feet
- 10‑by‑12‑foot roll‑up door for loading access
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
$64,675
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
6.47%
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%
$1,293,500
$1.3M
Cap Rate 7%
$923,929
$923.9K
Cap Rate 9%
$718,611
$718.6K
Market Conditions
NOI Build-Up for 10,973 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
$81.6K $7.44/SF
− Vacancy
−$5.6K −$0.51/SF
EGI
$76.1K $6.93/SF
− OpEx
−$11.4K −$1.04/SF
NOI
$64.7K $5.89/SF
Area
Lowndes County, GA
Vacancy
6.80%
Lease Rate
$7.44 /SF/Yr
Expense Ratio
15.00%
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%
$1,293,500
Cap Rate 7%
$923,929
Cap Rate 9%
$718,611
Alternative Uses
Best Use
Warehouse
$923.9K
$808.4K – $1.08M
NOI $64,675 @ 7.0% cap · market cap 6.47%
Second Best
Flex RnD
$839.1K
$734.2K – $978.9K
NOI $58,736 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$1.67M
$1.46M – $1.94M
NOI $116,612 @ 7.0% cap · market cap 11.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
364
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Fitness center & gym - Commercial facility with a climate-controlled warehouse, expansive reception area, loading access, and paved parking.
Where is this fitness center & gym located?
The property is located at 1874 Business Parkway Valdosta, GA.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: 9,240‑square‑foot air‑conditioned warehouse measuring 70 feet by 132 feet; 1,452‑square‑foot lobby measuring 22 feet by 66 feet; 10‑by‑12‑foot roll‑up door for loading access
