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    Valdosta Office Building For Sale Title is generated by Realmo AI

    502 N Ashley, Valdosta, GA 31601

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    For Sale
    $449,900

    COMMERCIAL - Valdosta, GA

    Property size:
    3,600 SF
    Lot size:
    0.36 Acres
    Price / SF:
    $124/SF
    Added:
    Dec 18, 2025
    Days on Market:
    202
    Last Refresh:
    Jul 8 at 12:06 am

    Property Features for 502 N Ashley

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C
    Standard status
    Active
    APN
    0118C167
    Size
    3,600 SF
    Lot size
    0.36 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Blk 188 City of Valdosta
    Tax Annual Amount
    2806

    Building Details

    Year built
    1970

    We can help!

    Contact an agent
    Melissa Sherwood

    Listing agent Melissa Sherwood

    Listing office Georgia Florida Real Estate Services 3338 Country Club Rd C-3, GA

    Listing date Dec 18, 2025

    MLS# 147078

    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.

    HighLights

    • Prime location in the Art District, walking distance to the courthouse and Chamber of Commerce.
    • Versatile space suitable for various professional services (law office, accounting firm, insurance agency, etc.).
    • Five well‑appointed offices, 1‑2 conference rooms, spacious reception area, and welcoming lobby.
    • Unique loft area providing flexible space for additional offices or creative use.
    • Abundant storage options for a clutter‑free workspace.
    • Owner financing considered and 1 year old roof.

    Overview

    Located in the Art District, this brick office building is currently operating as a law firm and is suited for a law office, accounting firm, insurance agency, or other professional services. The building includes a lobby, a reception area, and five offices. There are 1-2 conference rooms for meetings and client consultations. A loft area provides flexible space for additional offices or creative use. Storage options are available. The property is located within walking distance to the courthouse and near the Chamber of Commerce. The roof is one year old. The lot size is 0.356 acres and the property size is 3,600 square feet.

    Local 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 (±1% cap)
    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 (±1% cap)
    NOI $38,258 @ 7.0% cap · market cap 8.50%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    H. Burke Sherwood, ... Law Firm Thanki Paresh K ... Physician Sherwood & Sherwood P.C. Law Firm

    Suggested Use

    Dental Office Storage Facility Parking Lot & Garage Pharmacy Electrical Service Big Box & Wholesale Store Skin Care Clinic (Bike/Boat/Book/etc) Store Carpet & Flooring Store (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Valdosta
    County
    Lowndes
    State
    Georgia
    Longitude
    -83.2798729
    Latitude
    30.8359701

    FAQs

    What type of property is this?
    Office building - Charming brick office building in the heart of the Art District.
    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: Prime location in the Art District, walking distance to the courthouse and Chamber of Commerce.; Versatile space suitable for various professional services (law office, accounting firm, insurance agency, etc.).; Five well‑appointed offices, 1‑2 conference rooms, spacious reception area, and welcoming lobby.
    More about this property
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