Brick Office Building with
For Sale
$449,900
502 N Ashley St, Valdosta, GA 31601
Brick office building with lobby, reception area, five offices, conference rooms, and a loft for additional flexible space.
Property Size3,600 SF
Price / SF$124.97
Days on Market224
Property Features for 502 N Ashley St
General Information
Standard status
Active
Size
3,600 SF
Listing Agency:
Georgia Florida Real Estate Services
(229) 561-0232
Listed By:
Melissa Sherwood
(229) 561-0232
Source:
Exprealty
Added: Dec 18, 2025
Changed: Jul 26
Last Checked: Jul 29 at 2:00PM
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 Georgia Florida Real Estate Services
Investment Insights
Based on property information with market context.
This brick office building is currently set up for a law firm and offers a welcoming lobby, a spacious reception area, and five well-appointed offices. The space includes 1–2 conference rooms for client meetings and consultations, plus an additional loft area that can support extra office use or other flexible space. Practical built-in functionality is supported by abundant storage options.
The property is located in the Art District and is within walking distance to the courthouse, with the Chamber of Commerce next door, supporting convenient access to key local institutions.
The roof is noted as 1 year old. Furniture is negotiable, and owner financing is considered. Measurements are approximate.
The property is located in the Art District and is within walking distance to the courthouse, with the Chamber of Commerce next door, supporting convenient access to key local institutions.
The roof is noted as 1 year old. Furniture is negotiable, and owner financing is considered. Measurements are approximate.
Key Highlights
- Brick office building currently operating as a law firm with lobby, reception area, and five offices
- Includes 1–2 conference rooms for meetings and client consultations
- Loft area provides flexible additional space for offices or other use
Financial Insights For Office B
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 | $47.5k | $13.20 |
| − Vacancy | −$10.5k | −$2.90 |
| EGI | $37.1k | $10.30 |
| − OpEx | −$9.3k | −$2.57 |
| NOI | $27.8k | $7.72 |
3,600 SF · lease $13.20/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$397.1K
$347.5K – $463.3K
NOI $27,799 @ 7.0% cap · market cap 6.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$546.5K
$478.2K – $637.6K
NOI $38,258 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,157
Businesses Nearby
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Brick office building with lobby, reception area, five offices, conference rooms, and a loft for additional flexible space.
Where is this office building located?
The property is located at 502 N Ashley St Valdosta, GA.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Brick office building currently operating as a law firm with lobby, reception area, and five offices; Includes 1–2 conference rooms for meetings and client consultations; Loft area provides flexible additional space for offices or other use
