Flex Space with
375 Connell Rd, Valdosta, GA 31602
For Sale
New
$550,000
Customer service and tailoring areas connect with a rear warehouse, loading dock, and drive-through access.
Property Size4,550 SF
Price / SF$120.88
Days on Market2
Property Features for 375 Connell Rd
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Drive-Thru
Pylon Signage
Additional Details
Business Included
Dock-High Doors
Currently Operating
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
Gas
Ceiling Fan(s)
Sign(s)
Lighting
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
No Place Like Home
Listed By:
Debi Chamberlain · License #240353
(229) 412-5911
Source:
Garnerrealtygroupllc
Added: Nov 7
Changed: Nov 8
Last Checked: Nov 8 at 1:40AM
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 No Place Like Home
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Investment Insights
Based on property information with market context.
This 4,550-square-foot flex property, built in 2002, combines customer-facing space with work and storage areas. The front includes a service counter and a separate tailoring and alterations area; behind them, an open warehouse has large ventilation fans. A drive-through, three roll-up doors, and a loading dock provide additional functional features. The property is zoned CH.
Business equipment and furnishings are included, along with tools, supplies, shelving, and hangers. Laundry equipment includes eight washing machines, 35-pound dryers, a 125-pound dryer tumbler, dual-stack dryers, two-piece shirt presses, and six jean and pants presses. A gas boiler and a 2001 Dodge Sprinter van are also part of the included assets.
Business equipment and furnishings are included, along with tools, supplies, shelving, and hangers. Laundry equipment includes eight washing machines, 35-pound dryers, a 125-pound dryer tumbler, dual-stack dryers, two-piece shirt presses, and six jean and pants presses. A gas boiler and a 2001 Dodge Sprinter van are also part of the included assets.
Key Highlights
- 4,550 square feet; built in 2002
- Drive‑through access, three roll‑up doors, and a loading dock
- Customer service counter and separate tailoring and alterations area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,917
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$718,340
$718.3K
Cap Rate 7%
$513,100
$513.1K
Cap Rate 9%
$399,078
$399.1K
Market Conditions
NOI Build-Up for 4,550 SF
Gross rent
$57.3K $12.60/SF
− Vacancy
−$6.0K −$1.32/SF
EGI
$51.3K $11.28/SF
− OpEx
−$15.4K −$3.38/SF
NOI
$35.9K $7.89/SF
Area
Lowndes County, GA
Vacancy
10.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$718,340
Cap Rate 7%
$513,100
Cap Rate 9%
$399,078
Alternative Uses
Best Use
Retail
$513.1K
$449.0K – $598.6K
NOI $35,917 @ 7.0% cap · market cap 6.53%
Second Best
Flex RnD
$347.9K
$304.4K – $405.9K
NOI $24,355 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$690.8K
$604.4K – $805.9K
NOI $48,354 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
1
Dock-high doors
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
960
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
$197,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Valdosta, GA
Properties on Market for Flex space in Valdosta
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Customer service and tailoring areas connect with a rear warehouse, loading dock, and drive-through access.
Where is this flex space located?
The property is located at 375 Connell Rd Valdosta, GA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 4,550 square feet; built in 2002; Drive‑through access, three roll‑up doors, and a loading dock; Customer service counter and separate tailoring and alterations area
