Warehouse with Mezzanine
401 E Ann Valdosta, GA 31602
For Sale
Contact for pricing
Warehouse includes a mezzanine and currently serves parts storage, with an owner willing to subdivide or offer owner financing.
Property Size8,136 SF
Price / SF$88.50
Days on Market123
Property Features for 401 E Ann
General Information
- Standard status
- Active
- Size
- 8,136 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1984
Listing Agency:
Coldwell Banker Commercial Premier Real Estate
Listed By:
Robert Johnson · License #GA
Source:
Crexi
Added: Mar 26
Changed: Jul 23
Last Checked: Jul 26 at 10:29AM
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 Coldwell Banker Commercial Premier Real Estate
Investment Insights
Based on property information with market context.
This warehouse has been the home for Pete’s Otto for more than 40 years and is set up for flexible business use. The property includes a mezzanine of approximately 900 square feet over the main building, and the space is currently used for parts storage.
The owner is willing to subdivide the property, including the lot that contains the building, and is also open to owner financing to a qualified buyer. An additional lot is not owned by the seller; however, the seller holds a 99-year lease on that lot and pays only the taxes each year, listed as $76.75 for 2025.
The building’s configuration supports a variety of contractor and service-oriented uses, including glass company and automotive repair applications, among others.
The owner is willing to subdivide the property, including the lot that contains the building, and is also open to owner financing to a qualified buyer. An additional lot is not owned by the seller; however, the seller holds a 99-year lease on that lot and pays only the taxes each year, listed as $76.75 for 2025.
The building’s configuration supports a variety of contractor and service-oriented uses, including glass company and automotive repair applications, among others.
Key Highlights
- Warehouse built in 1984, currently used for parts storage
- Includes 900 SF mezzanine over the main building
- Owner willing to subdivide and sell the lot with the building for $620,000
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.5k | $7.44 |
| − Vacancy | −$4.1k | −$0.51 |
| EGI | $56.4k | $6.93 |
| − OpEx | −$8.5k | −$1.04 |
| NOI | $48.0k | $5.89 |
8,136 SF · lease $7.44/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$685.0K
$599.4K – $799.2K
NOI $47,953 @ 7.0% cap · market cap 6.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,463 @ 7.0% cap · market cap 12.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Pete's Otto Shop
Auto Repair Shop
Pete's Foreign Otto ...
Auto Repair Shop
Similar Off Market Nearby
- Material Storage Products — Valdosta, GA 31601
FAQs
What type of property is this?
Warehouse - Warehouse includes a mezzanine and currently serves parts storage, with an owner willing to subdivide or offer owner financing.
Where is this warehouse located?
The property is located at 401 E Ann Valdosta, GA.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Warehouse built in 1984, currently used for parts storage; Includes 900 SF mezzanine over the main building; Owner willing to subdivide and sell the lot with the building for $620,000
