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 Market554
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
Additional Details
Currently Operating
Yes
Property Use
Office/Warehouse, Gym/Flex
Condition
Turnkey
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
Amenities
lobby
private offices
restrooms
kitchen
studio room
roll-up doors
Building Details
Year built
1997
Buildings
2
Listing Agency:
Dove Realty, Inc.
(229) 740-6474
Listed By:
Evan Roark
(229) 834-6418
Added: Apr 24, 2025
Changed: Oct 23
Last Checked: Oct 29 at 1:06AM
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.
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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 / Yr
$111,761
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Location Intelligence
Trade Area within ½ mile
364
Businesses Nearby
Balanced
Demand for This Use
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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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Market
Vacancy Rate% for Office in South region
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
