Flex Space With Office and
For Sale
$1,495,000
201 N Troup St, Valdosta, GA 31601
Commercial Sale, Valdosta, GA
Property Size25,522 SF
Lot Size2.44 Acres
Price / SF$58.58
Days on Market646
Property Features for 201 N Troup St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-H
Subdivision
3-S of Park Ave to E Oak St to S Hill Ave
Standard status
Active
APN
0118D-236 + 5
Size
25,522 SF
Lot size
2.44 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
DB 1903 PG 338
Tax Annual Amount
15557
Legal Description
DB 1903 PG 338
Building Details
Year built
1980
Listing Agency:
FIRST COMMERCIAL REAL ESTATE
Listed By:
Scott Alderman · License #109748
(229) 561-1939
Added: Dec 30, 2024
Changed: Aug 20
Last Checked: Oct 7 at 12:06PM
MLS# 143439
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.
This flex property contains a 25,522-square-foot building completed in 1980, configured with 17,160 square feet of office area and 8,362 square feet of warehouse space. The improvements are currently occupied by The Valdosta Daily Times as its primary office facility. A 0.69-acre vacant section is included for expansion or another supported use, subject to applicable approvals.
The property occupies a 2.44-acre corner parcel at N Troup St and E Central Ave on the eastern edge of downtown Valdosta. It provides frontage along three streets and carries C-H zoning. The combination of office and warehouse improvements, existing occupancy, and additional land creates a flexible configuration for an owner-user or an investor evaluating multiple leasing arrangements.
The property occupies a 2.44-acre corner parcel at N Troup St and E Central Ave on the eastern edge of downtown Valdosta. It provides frontage along three streets and carries C-H zoning. The combination of office and warehouse improvements, existing occupancy, and additional land creates a flexible configuration for an owner-user or an investor evaluating multiple leasing arrangements.
Key Highlights
- 25,522‑square‑foot building on a 2.44‑acre parcel
- 17,160 SF of office area and 8,362 SF of warehouse space
- 0.69‑acre vacant section available for expansion or another use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$136,613
Cap Rate
9.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,732,260
$2.7M
Cap Rate 7%
$1,951,614
$2.0M
Cap Rate 9%
$1,517,922
$1.5M
Market Conditions
NOI Build-Up for 25,522 SF
Gross rent
$229.7K $9.00/SF
− Vacancy
−$19.5K −$0.77/SF
EGI
$210.2K $8.24/SF
− OpEx
−$73.6K −$2.88/SF
NOI
$136.6K $5.35/SF
Area
Lowndes County, GA
Vacancy
8.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,732,260
Cap Rate 7%
$1,951,614
Cap Rate 9%
$1,517,922
Alternative Uses
Best Use
Office B
$2.82M
$2.46M – $3.28M
NOI $197,081 @ 7.0% cap · market cap 13.18%
Second Best
Warehouse
$2.15M
$1.88M – $2.51M
NOI $150,426 @ 7.0% cap · market cap 10.06%
Theoretical Best
Office A
$3.87M
$3.39M – $4.52M
NOI $271,227 @ 7.0% cap · market cap 18.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,150
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - C-H-zoned corner property combines substantial office improvements with warehouse space and an expansion area.
Where is this flex space located?
The property is located at 201 N Troup St Valdosta, GA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 25,522‑square‑foot building on a 2.44‑acre parcel; 17,160 SF of office area and 8,362 SF of warehouse space; 0.69‑acre vacant section available for expansion or another use
