Flex Building with
For Sale
$415,000
1913 Baytree Place, Valdosta, GA 31601
Commercial Sale, Valdosta, GA
Property Size2,800 SF
Lot Size0.24 Acres
Price / SF$148.21
Days on Market397
Property Features for 1913 Baytree Place
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-C
Subdivision
4-S Baytree Rd to W Oak St to S Hill Ave (CtyLmts)
Standard status
Active
APN
0082D 228
Size
2,800 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 9 CEDAR VILLAGE
Tax Annual Amount
2838
Legal Description
LOT 9 CEDAR VILLAGE
Listing Agency:
THE HERNDON COMPANY
(229) 244-1992
Listed By:
Jon Bollinger · License #330895
(229) 269-3687
Added: Sep 2, 2025
Changed: Oct 2
Last Checked: Oct 3 at 6:06AM
MLS# 146084
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.
At 1913 Baytree Place, this 2,800-square-foot flex property includes approximately 1,800 square feet of heated and cooled area and 1,000 square feet of warehouse space. The front portion has a reception counter, two rooms, a breakroom, and two additional flex rooms. Specialty features include a soundproof room, grooming area, and small fenced yard. The warehouse has a separate entrance, two private offices, a restroom, and two 12-foot roll-up doors.
The property occupies 0.24 acres in Valdosta, Georgia, and is zoned C-C.
The property occupies 0.24 acres in Valdosta, Georgia, and is zoned C-C.
Key Highlights
- 2,800 square feet total, including approximately 1,800 square feet of heated and cooled space
- 1,000‑square‑foot warehouse with separate entry, two private offices, and a restroom
- Two 12' roll‑up doors provide warehouse 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
$16,503
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
3.98%
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%
$330,060
$330.1K
Cap Rate 7%
$235,757
$235.8K
Cap Rate 9%
$183,367
$183.4K
Market Conditions
NOI Build-Up for 2,800 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
$20.8K $7.44/SF
− Vacancy
−$1.4K −$0.51/SF
EGI
$19.4K $6.93/SF
− OpEx
−$2.9K −$1.04/SF
NOI
$16.5K $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%
$330,060
Cap Rate 7%
$235,757
Cap Rate 9%
$183,367
Alternative Uses
Best Use
Warehouse
$235.8K
$206.3K – $275.1K
NOI $16,503 @ 7.0% cap · market cap 3.98%
Second Best
Flex RnD
$214.1K
$187.4K – $249.8K
NOI $14,988 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$425.1K
$372.0K – $495.9K
NOI $29,756 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
778
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - The layout pairs conditioned work areas with separate warehouse space and dedicated office support.
Where is this flex space located?
The property is located at 1913 Baytree Place Valdosta, GA.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 2,800 square feet total, including approximately 1,800 square feet of heated and cooled space; 1,000‑square‑foot warehouse with separate entry, two private offices, and a restroom; Two 12' roll‑up doors provide warehouse access
