Building Details

Building Size 4,800 SF

Buildings 1

Stories 1

Construction brick

Listing Agency: COLDWELL BANKER PREMIER REAL E c***@valdostarealtors.com Show Phone

Listed By: John Courson · License #342868 Show Phone

Source: Garnerrealtygroupllc

Added: Oct 16 Changed: Oct 23 Last Checked: Oct 23 at 5:31PM

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Investment Insights

Based on property information with market context.

This 4,800-square-foot flex building is configured as two spaces with separate mailing addresses. The 2,000-square-foot portion has been updated and includes three offices, a conference room, a private-bath executive office, and conditioned indoor storage. The 2,800-square-foot section has an open showroom and work area, four offices, three bathrooms, and rear rooms for breaks, storage, and meetings. A brick exterior and glass storefront complement the interior layout, while a gated, fenced, paved yard provides additional outdoor space.

The property is north of downtown Valdosta, one block from N Ashley Street and US Highway 41. Street parking is available along the front. Zoning is C-H.

Key Highlights

• 4,800‑square‑foot flex building divided into two spaces with separate mailing addresses
• Updated 2,000‑square‑foot portion with three offices, conference room, private‑bath executive office, and conditioned storage
• 2,800‑square‑foot section includes four offices, three bathrooms, showroom and work area, plus break, storage, and meeting rooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$28,291

Cap Rate

7.35%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$565,820 $565.8K

Cap Rate 7%

$404,157 $404.2K

Cap Rate 9%

$314,344 $314.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,800 SF

Gross rent

$35.7K $7.44/SF

− Vacancy

−$2.4K −$0.51/SF

EGI

$33.3K $6.93/SF

− OpEx

−$5.0K −$1.04/SF

NOI

$28.3K $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 Rate 5%

$565,820

Cap Rate 7%

$404,157

Cap Rate 9%

$314,344

Alternative Uses

Best Use

Warehouse

$404.2K

$353.6K – $471.5K (±1% cap)

NOI $28,291 @ 7.0% cap · market cap 7.35%

Second Best

Flex RnD

$367.0K

$321.2K – $428.2K (±1% cap)

NOI $25,693 @ 7.0% cap · market cap 6.67%

Theoretical Best

Office A

$728.7K

$637.6K – $850.2K (±1% cap)

NOI $51,011 @ 7.0% cap · market cap 13.25%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Dental Office Parking Lot & Garage Storage Facility (Bike/Boat/Book/etc) Store Carpet & Flooring Store Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Fenced yard

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

799

Businesses Nearby

Under-served

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 Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Separate office and showroom areas are paired with a gated, paved rear yard.

Where is this flex space located?

The property is located at 1004 Williams Street Valdosta, GA.

What is the asking price?

The asking price for this property is $385,000.

What are key features of this property?

This property features: 4,800‑square‑foot flex building divided into two spaces with separate mailing addresses; Updated 2,000‑square‑foot portion with three offices, conference room, private‑bath executive office, and conditioned storage; 2,800‑square‑foot section includes four offices, three bathrooms, showroom and work area, plus break, storage, and meeting rooms