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Building Details

Year built 1985

Listing Agency: GPS Real Estate

Listed By: Chris Kendrick · License #263940 Show Phone

Added: Mar 29, 2025 Changed: Sep 21 Last Checked: Oct 15 at 6:06PM

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MLS# 144386

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.

The 3,789-square-foot medical office building occupies a 0.95-acre lot and was built in 1985. Its interior includes a reception and waiting area, 7 exam rooms, 2 executive offices, bookkeeping and records rooms, a shared common area, storage, kitchen, and handicap-accessible restrooms. Most exam rooms include sinks, and the building has an all-brick exterior with a new roof.

The property is located on Bemiss Road in Valdosta, 2 blocks from South Georgia Medical Center. Additional parking is situated behind the building, supporting the existing office configuration and visitor access.

Key Highlights

• 3,789‑square‑foot medical office on 0.95 acres
• 7 exam rooms, most with sinks
• 2 executive offices plus bookkeeping and records rooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$33,073

Cap Rate

6.69%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$661,460 $661.5K

Cap Rate 7%

$472,471 $472.5K

Cap Rate 9%

$367,478 $367.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,789 SF

Gross rent

$61.4K $16.20/SF

− Vacancy

−$6.3K −$1.65/SF

EGI

$55.1K $14.55/SF

− OpEx

−$22.0K −$5.82/SF

NOI

$33.1K $8.73/SF

Area

Lowndes County, GA

Vacancy

10.20%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$661,460

Cap Rate 7%

$472,471

Cap Rate 9%

$367,478

Alternative Uses

Best Use

Healthcare Medical

$472.5K

$413.4K – $551.2K (±1% cap)

NOI $33,073 @ 7.0% cap · market cap 6.69%

Second Best

Office B

$418.0K

$365.7K – $487.7K (±1% cap)

NOI $29,259 @ 7.0% cap · market cap 5.92%

Theoretical Best

Office A

$575.2K

$503.3K – $671.1K (±1% cap)

NOI $40,266 @ 7.0% cap · market cap 8.15%

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

Property Analytics

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Open Analytics

Current Use

Azalea Rehab Services Physician Jada Williams Physician Heather Delaney Physician Lacey Lowery Physician Ashley Livingston Physician

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Florist Carpet & Flooring Store Tanning Salon

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

1,225

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

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Configured for clinical operations with reception, offices, sinks, and accessible restrooms.

Where is this medical office space located?

The property is located at 2301 Bemiss Road Valdosta, GA.

What is the asking price?

The asking price for this property is $494,000.

What are key features of this property?

This property features: 3,789‑square‑foot medical office on 0.95 acres; 7 exam rooms, most with sinks; 2 executive offices plus bookkeeping and records rooms