Valdosta Office Building For
502 N Ashley Valdosta, GA 31601
502 N Ashley, Valdosta, GA, 31601
$449,900
For Sale
$449,900
COMMERCIAL - Valdosta, GA
Property Size3,600 SF
Lot Size0.36 Acres
Price / SF$124.97
Days on Market215
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
Listing agency
Georgia Florida Real Estate Services
(229) 560-2081
Listed by
Melissa Sherwood
(229) 561-0232
Added: Dec 18, 2025 Updated: Jun 9 at 1:31PM Checked: Jul 21 at 6:06PM
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.
Investment Insights
Based on property information with market context.
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.
Key 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.
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
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
H. Burke Sherwood, ...
Law Firm
Thanki Paresh K ...
Physician
Sherwood & Sherwood P.C.
Law Firm
Similar For Sale Nearby
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.
