Flex Space with Elevated Loading
New
For Sale
$539,000
1404 Gornto Rd, Valdosta, GA 31602
Office-showroom space connects to a large warehouse, with an outdoor yard for parking and storage.
Property Size7,500 SF
Lot Size1.10 Acres
Price / SF$71.87
Days on Market6
Property Features for 1404 Gornto Rd
General Information
Standard status
Active
Size
7,500 SF
Lot size
1.10 Acres
Warehouse & Industrial
Warehouse Space
6,000 SF
Office Build-Out
1,500 SF
Additional Details
Outdoor Storage
Yes
Taxes and HOA fees
Annual Taxes
$4,603
Building Details
Building Size
7,500 SF
Tenancy
Single
Listing Agency:
FIRST COMMERCIAL REAL ESTATE
Listed By:
Scott Alderman · License #109748
(229) 561-1939
Source:
Exprealty
Added: Oct 8
Changed: Oct 11
Last Checked: Oct 11 at 2:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of FIRST COMMERCIAL REAL ESTATE
Investment Insights
Based on property information with market context.
This flex property combines a 1,500-square-foot office and showroom with a 6,000-square-foot warehouse. The warehouse includes 14-foot eaves and two overhead doors. An elevated loading dock adds 1,632 square feet, and the site provides a parking and storage yard across 1.1 acres divided into two tax parcels.
At 1404 Gornto Rd in Valdosta, the property sits along a connector between north Valdosta and the Mall/Exit 18 area, where traffic is reported at 12,500 vehicles per day. The existing tenant is relocating; its month-to-month lease allows either party to terminate with 90 days’ notice.
At 1404 Gornto Rd in Valdosta, the property sits along a connector between north Valdosta and the Mall/Exit 18 area, where traffic is reported at 12,500 vehicles per day. The existing tenant is relocating; its month-to-month lease allows either party to terminate with 90 days’ notice.
Key Highlights
- 7,500‑square‑foot office‑warehouse property
- 1,500‑square‑foot office/showroom and 6,000‑square‑foot warehouse
- 1.1‑acre site comprising two tax parcels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,205
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$884,100
$884.1K
Cap Rate 7%
$631,500
$631.5K
Cap Rate 9%
$491,167
$491.2K
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$55.8K $7.44/SF
− Vacancy
−$3.8K −$0.51/SF
EGI
$52.0K $6.93/SF
− OpEx
−$7.8K −$1.04/SF
NOI
$44.2K $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%
$884,100
Cap Rate 7%
$631,500
Cap Rate 9%
$491,167
Alternative Uses
Best Use
Warehouse
$631.5K
$552.6K – $736.8K
NOI $44,205 @ 7.0% cap · market cap 8.20%
Second Best
Flex RnD
$573.5K
$501.8K – $669.1K
NOI $40,146 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$1.14M
$996.3K – $1.33M
NOI $79,704 @ 7.0% cap · market cap 14.79%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
98
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 31602, GA
35,999
Population
15,201
Households
2.4
Avg Household Size
33
Median Age
32%
College-Educated
89%
High-School Grad
39.9 sq mi
ZIP Area
902
Density / Sq Mi
$55,980
Median Household Income
$34,919
Median Earnings
$1,046
Median Rent
$197,100
Median Home Value
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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?
Flex space - Office-showroom space connects to a large warehouse, with an outdoor yard for parking and storage.
Where is this flex space located?
The property is located at 1404 Gornto Rd Valdosta, GA.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: 7,500‑square‑foot office‑warehouse property; 1,500‑square‑foot office/showroom and 6,000‑square‑foot warehouse; 1.1‑acre site comprising two tax parcels
