Office Condo with Reception
For Sale
Contact for pricing
Pending
2935 N Ashley St, Valdosta, GA 31602
Office condominium with multiple private rooms, customer-facing entry space, break area, storage, and a dedicated restroom.
Property Size1,140 SF
Days on Market54
Property Features for 2935 N Ashley St
General Information
Standard status
Pending
Size
1,140 SF
Total Parking Spaces
80
Property subtype
Office
Zoning
C-H
Building Details
Year Built
2008
Listing Agency:
Canopy Realty Group
Listed By:
Tony Barker · License #H-79993
(229) 560-3691
Source:
Crexi
Added: Aug 26
Changed: Oct 1
Last Checked: Oct 16 at 9:45AM
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 Canopy Realty Group
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Investment Insights
Based on property information with market context.
This 1,140-square-foot office condominium, built in 2008, provides a practical layout for professional operations. The interior includes three large offices, a lobby, a reception area, a restroom, and a breakroom equipped with a small sink and storage. The reception area is large enough to support an additional office configuration.
The property is located within the North Ashley Professional Center at 2935 N Ashley St in Valdosta. Restaurants, retail stores, and other offices are situated within the surrounding professional center. The property carries C-H zoning.
The property is located within the North Ashley Professional Center at 2935 N Ashley St in Valdosta. Restaurants, retail stores, and other offices are situated within the surrounding professional center. The property carries C-H zoning.
Key Highlights
- 1,140 SF office condominium built in 2008
- Three large private offices plus lobby and reception area
- Reception area can accommodate an additional office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,803
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$176,060
$176.1K
Cap Rate 7%
$125,757
$125.8K
Cap Rate 9%
$97,811
$97.8K
Market Conditions
NOI Build-Up for 1,140 SF
Gross rent
$15.0K $13.20/SF
− Vacancy
−$3.3K −$2.90/SF
EGI
$11.7K $10.30/SF
− OpEx
−$2.9K −$2.57/SF
NOI
$8.8K $7.72/SF
Area
Lowndes County, GA
Vacancy
22.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$176,060
Cap Rate 7%
$125,757
Cap Rate 9%
$97,811
Alternative Uses
Best Use
Office B
$125.8K
$110.0K – $146.7K
NOI $8,803 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$173.1K
$151.4K – $201.9K
NOI $12,115 @ 7.0% cap · market cap 4.85%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,194
Businesses Nearby
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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Office condominium with multiple private rooms, customer-facing entry space, break area, storage, and a dedicated restroom.
Where is this office units located?
The property is located at 2935 N Ashley St Valdosta, GA.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 1,140 SF office condominium built in 2008; Three large private offices plus lobby and reception area; Reception area can accommodate an additional office
