Office Building with
New
For Sale
$449,900
502 N Ashley, Valdosta, GA 31601
Five offices, reception areas, and loft space provide a practical layout for professional services.
Property Size3,600 SF
Price / SF$124.97
Days on Market4
Property Features for 502 N Ashley
General Information
Standard status
Active
Size
3,600 SF
Total Parking Spaces
14
Property subtype
Commercial
Zoning
C
Additional Details
Currently Operating
Yes
Property Use
Law Office
Taxes and HOA fees
Annual Taxes
$2,806
Amenities
welcoming lobby
spacious reception area
conference rooms
loft area
storage options
Public Restrooms
Private Restrooms
Sign(s)
Building Details
Building Size
3,600 SF
Year Built
1970
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Georgia Florida Real Estate Services
(229) 560-2081
Listed By:
Melissa Sherwood
(229) 561-0232
Source:
Garnerrealtygroupllc
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 27 at 3:45AM
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
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Investment Insights
Based on property information with market context.
This 3,600-square-foot brick office building was constructed in 1970 and is zoned C. Its interior includes a lobby, reception area, five offices, a conference room, loft space, and storage. The roof is one year old. Furniture is negotiable, and owner financing is considered.
The property is within walking distance of the courthouse and next to the Chamber of Commerce in Valdosta. Its existing office configuration supports professional services, including the current law firm use.
The property is within walking distance of the courthouse and next to the Chamber of Commerce in Valdosta. Its existing office configuration supports professional services, including the current law firm use.
Key Highlights
- 3,600‑square‑foot brick office building
- Five offices, lobby, reception area, conference room, loft, and storage
- Zoned C
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,799
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$555,980
$556.0K
Cap Rate 7%
$397,129
$397.1K
Cap Rate 9%
$308,878
$308.9K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$47.5K $13.20/SF
− Vacancy
−$10.5K −$2.90/SF
EGI
$37.1K $10.30/SF
− OpEx
−$9.3K −$2.57/SF
NOI
$27.8K $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%
$555,980
Cap Rate 7%
$397,129
Cap Rate 9%
$308,878
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.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,309
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Five offices, reception areas, and loft space provide a practical layout for professional services.
Where is this office building located?
The property is located at 502 N Ashley 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: 3,600‑square‑foot brick office building; Five offices, lobby, reception area, conference room, loft, and storage; Zoned C
