Building Details

Building Size 10,973 SF

Year Built 2000

Stories 1

Listing Agency: Dove Realty, Inc. j***@gmail.com Show Phone

Listed By: Evan Roark · License #429854 Show Phone

Source: Garnerrealtygroupllc

Added: Oct 16 Changed: Oct 23 Last Checked: Oct 23 at 3:27PM

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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 Dove Realty, Inc.

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Investment Insights

Based on property information with market context.

This 10,973-square-foot flex facility in Valdosta includes a 9,240-square-foot air-conditioned warehouse and a 1,452-square-foot front lobby. A 10-by-12-foot roll-up door provides loading access, and the building also has three restrooms. The property is currently used as a cheerleading gym.

Set on approximately 0.58 acres, the site includes paved parking and is zoned C-3. The warehouse measures 70 by 132 feet, while the lobby measures 22 by 66 feet.

Key Highlights

• 9,240‑square‑foot air‑conditioned warehouse measuring 70' x 132'
• 1,452‑square‑foot front lobby measuring 22' x 66'
• 10x12 ft roll‑up door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$64,675

Cap Rate

6.47%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,293,500 $1.3M

Cap Rate 7%

$923,929 $923.9K

Cap Rate 9%

$718,611 $718.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,973 SF

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 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 (±1% cap)

NOI $64,675 @ 7.0% cap · market cap 6.47%

Second Best

Flex RnD

$839.1K

$734.2K – $978.9K (±1% cap)

NOI $58,736 @ 7.0% cap · market cap 5.87%

Theoretical Best

Office A

$1.67M

$1.46M – $1.94M (±1% cap)

NOI $116,612 @ 7.0% cap · market cap 11.66%

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

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Storage Facility Spa & Massage Center Nail Salon Gym & Fitness Center Skin Care Clinic

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

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

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 - C-3-zoned facility combines climate-controlled warehouse space with a large lobby, three restrooms, and paved parking.

Where is this flex space 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' x 132'; 1,452‑square‑foot front lobby measuring 22' x 66'; 10x12 ft roll‑up door