Dual-Building Flex Space
For Sale
$1,774,800
352 Enterprise Dr, Valdosta, GA 31601
Commercial Sale, Valdosta, GA
Property Size14,473 SF
Lot Size1.26 Acres
Price / SF$122.63
Days on Market508
Property Features for 352 Enterprise Dr
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-3
Subdivision
4-S Baytree Rd to W Oak St to S Hill Ave (CtyLmts)
Standard status
Active
APN
0086B 003A
Size
14,473 SF
Lot size
1.26 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 3 BLK A VAL CNTR DEV P-1 R9 PCA 687
Tax Annual Amount
18266
Legal Description
LOT 3 BLK A VAL CNTR DEV P-1 R9 PCA 687
Building Details
Year built
1997
Listing Agency:
Dove Realty, Inc.
(229) 740-6474
Listed By:
Evan Roark · License #429854
(229) 834-6418
Added: Apr 24, 2025
Changed: Aug 20
Last Checked: Sep 13 at 6:06PM
MLS# 144667
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 commercial package includes two adjoining buildings with complementary office, warehouse, and recreational configurations. The Enterprise Drive building contains a lobby, five private offices, three restrooms, a kitchen, a studio room, and an air-conditioned warehouse measuring 49 by 65 feet. Two 10 by 12 roll-up doors support access to the warehouse area.
The Business Parkway facility includes a 22 by 66 foot lobby, three restrooms, and an air-conditioned warehouse measuring 70 by 132 feet. The building is currently operating as a cheerleading gym and also includes a 10 by 12 roll-up door. Combined building area is approximately 14,473 square feet on 1.26 acres, with construction dating to 1997. The properties are zoned C-3 and provide access suitable for commercial vehicles.
The Business Parkway facility includes a 22 by 66 foot lobby, three restrooms, and an air-conditioned warehouse measuring 70 by 132 feet. The building is currently operating as a cheerleading gym and also includes a 10 by 12 roll-up door. Combined building area is approximately 14,473 square feet on 1.26 acres, with construction dating to 1997. The properties are zoned C-3 and provide access suitable for commercial vehicles.
Key Highlights
- Two‑building package with approximately 14,473 square feet of combined building area
- 1.26‑acre commercial property with C‑3 zoning
- Enterprise Drive building includes 5 private offices, 3 restrooms, kitchen, studio room, and lobby
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
$111,761
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
6.30%
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%
$2,235,220
$2.2M
Cap Rate 7%
$1,596,586
$1.6M
Cap Rate 9%
$1,241,789
$1.2M
Market Conditions
NOI Build-Up for 14,473 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
$191.0K $13.20/SF
− Vacancy
−$42.0K −$2.90/SF
EGI
$149.0K $10.30/SF
− OpEx
−$37.3K −$2.57/SF
NOI
$111.8K $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 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%
$2,235,220
Cap Rate 7%
$1,596,586
Cap Rate 9%
$1,241,789
Alternative Uses
Best Use
Office B
$1.60M
$1.40M – $1.86M
NOI $111,761 @ 7.0% cap · market cap 6.30%
Second Best
Warehouse
$1.22M
$1.07M – $1.42M
NOI $85,303 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$2.20M
$1.92M – $2.56M
NOI $153,807 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- I J Compoany — 107 Avenue B, Valdosta, GA 31601
Frequently Asked Questions
What type of property is this?
Flex space - Two improved buildings combine office, warehouse, and gym configurations within C-3 commercial zoning.
Where is this flex space located?
The property is located at 352 Enterprise Dr Valdosta, GA.
What is the asking price?
The asking price for this property is $1,774,800.
What are key features of this property?
This property features: Two‑building package with approximately 14,473 square feet of combined building area; 1.26‑acre commercial property with C‑3 zoning; Enterprise Drive building includes 5 private offices, 3 restrooms, kitchen, studio room, and lobby
