Multi-Tenant Office Investment
411-415 Cowart Avenue Valdosta, GA 31602
411-415 Cowart Avenue, Valdosta, GA, 31602
$785,000
For Sale
$785,000
COMMERCIAL - Valdosta, GA
Property Size6,216 SF
Lot Size0.58 Acres
Price / SF$126.29
Days on Market243
Property Features for 411-415 Cowart Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C-H
- Standard status
- Active
- APN
- 0114A 168, 169
- Size
- 6,216 SF
- Lot size
- 0.58 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- in listing office
- Tax Annual Amount
- 9022
Building Details
- Year built
- 2005
Listing Agency
COLDWELL BANKER PREMIER REAL E
(229) 244-3535
1616 Norman Dr Suite E, Valdosta, GA
Listed by
John Courson · License #342868
(229) 251-4632
Added: Nov 15, 2025 Checked: Jul 16 at 6:06 pm
MLS# 146826
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.
Located near SGMC Health, the Azalea Business Center at 411-415 Cowart Avenue is a stabilized two-building, 10-suite multi-tenant office property. Each 620 SF suite features two private offices, a large reception/waiting area, break room, storage, and a private restroom. The property has plenty of parking and easy access. Each unit is individually metered for utilities, allowing tenants to be billed directly. The property is anchored by long-term tenants paying $795/month ($15+/SF). Current tenants include salons, tax preparers, financial professionals, and service-oriented businesses. The property is ideal for both investors and owner-users, with the ability to occupy one or more suites while enjoying reliable income from an established tenant base. Major regional demand generators, including SGMC Health, Moody Air Force Base, Valdosta State University, and the area's expanding logistics and retail hubs, continue to drive strong need for small, affordable professional office suites. The property is located in Valdosta, GA, and has a lot size of 0.583 acres. The property size is 6216 square feet.
Key Highlights
- 8% Cap Rate: High return on investment.
- Individually Metered Suites: Tenants billed directly for utilities.
- 620 SF Suites with Functional Layout: Each suite includes two private offices, reception area, break room, storage, and private restroom.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $82.1k | $13.20 |
| − Vacancy | −$18.1k | −$2.90 |
| EGI | $64.0k | $10.30 |
| − OpEx | −$16.0k | −$2.57 |
| NOI | $48.0k | $7.72 |
6,216 SF · lease $13.20/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$685.7K
$600.0K – $800.0K
NOI $48,000 @ 7.0% cap · market cap 6.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$943.7K
$825.7K – $1.10M
NOI $66,059 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Stabilized multi-tenant office property near SGMC and Moody AFB.
Where is this office units located?
The property is located at 411-415 Cowart Avenue Valdosta, GA.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: 8% Cap Rate: High return on investment.; Individually Metered Suites: Tenants billed directly for utilities.; 620 SF Suites with Functional Layout: Each suite includes two private offices, reception area, break room, storage, and private restroom.
