Flex Space with Climate-Controlled
For Sale
$774,900
352 Enterprise Dr, Valdosta, GA 31601
Commercial Sale, Valdosta, GA
Property Size3,500 SF
Lot Size0.68 Acres
Price / SF$221.40
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
3,500 SF
Lot size
0.68 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 3 BLK A VAL CNTR DEV P-1 R9 PCA
Tax Annual Amount
8596
Legal Description
LOT 3 BLK A VAL CNTR DEV P-1 R9 PCA
Amenities
private studio room
breakroom/kitchen
two 10x12 roll-up doors
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 10:06PM
MLS# 144669
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 3,500-square-foot flex property combines office accommodations with a climate-controlled warehouse component. The office area includes a 18x20 ft lobby, five private offices, a studio room, kitchen, and three restrooms. The warehouse measures 2,900 square feet and spans 49x65 ft, providing space for storage, light manufacturing, or creative work. Two 10x12 ft roll-up doors support material movement and day-to-day logistics.
Positioned at 352 Enterprise Dr in Valdosta, the property occupies 0.68 acres and carries C-3 commercial zoning. Its configuration is suited to professional services, contractors, small businesses, and light industrial operations. Built in 1997, the building offers a defined mix of administrative, client-facing, and functional work areas within one commercial facility.
Positioned at 352 Enterprise Dr in Valdosta, the property occupies 0.68 acres and carries C-3 commercial zoning. Its configuration is suited to professional services, contractors, small businesses, and light industrial operations. Built in 1997, the building offers a defined mix of administrative, client-facing, and functional work areas within one commercial facility.
Key Highlights
- 3,500‑square‑foot building on 0.68 acres
- 2,900‑square‑foot air‑conditioned warehouse measuring 49x65 ft
- Five private offices plus a private studio room
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
$27,027
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
3.49%
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%
$540,540
$540.5K
Cap Rate 7%
$386,100
$386.1K
Cap Rate 9%
$300,300
$300.3K
Market Conditions
NOI Build-Up for 3,500 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
$46.2K $13.20/SF
− Vacancy
−$10.2K −$2.90/SF
EGI
$36.0K $10.30/SF
− OpEx
−$9.0K −$2.57/SF
NOI
$27.0K $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%
$540,540
Cap Rate 7%
$386,100
Cap Rate 9%
$300,300
Alternative Uses
Best Use
Office B
$386.1K
$337.8K – $450.5K
NOI $27,027 @ 7.0% cap · market cap 3.49%
Second Best
Warehouse
$294.7K
$257.9K – $343.8K
NOI $20,629 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$531.4K
$464.9K – $619.9K
NOI $37,195 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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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 - Versatile commercial layout combines private offices, support areas, and conditioned warehouse space for business operations.
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 $774,900.
What are key features of this property?
This property features: 3,500‑square‑foot building on 0.68 acres; 2,900‑square‑foot air‑conditioned warehouse measuring 49x65 ft; Five private offices plus a private studio room
