Building Details

Buildings 1

Listing Agency: THE HERNDON COMPANY h***@herndoncompany.com Show Phone

Listed By: Jon Bollinger · License #330895 Show Phone

Source: Exprealty

Added: Aug 17 Changed: Oct 8 Last Checked: Oct 15 at 4:43AM

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Investment Insights

Based on property information with market context.

This office building provides a flexible commercial configuration with multiple private offices, conference rooms, flex/work areas, and restrooms. The layout can accommodate professional office, service, retail, or other commercial operations, subject to applicable requirements. On-site parking and road frontage support daily customer, employee, and service access.

The property is directly across from Moody Air Force Base in Valdosta and sits along a well-traveled commercial corridor. Several established businesses are located nearby, including Family Pizza, adding to the surrounding commercial environment. Its position places the building near a major employment center in South Georgia.

Key Highlights

• Directly across from Moody Air Force Base
• Multiple private offices and conference rooms
• Flex/work areas included in the building layout

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,533

Cap Rate

5.62%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$370,660 $370.7K

Cap Rate 7%

$264,757 $264.8K

Cap Rate 9%

$205,922 $205.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,400 SF

Gross rent

$31.7K $13.20/SF

− Vacancy

−$7.0K −$2.90/SF

EGI

$24.7K $10.30/SF

− OpEx

−$6.2K −$2.57/SF

NOI

$18.5K $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%

$370,660

Cap Rate 7%

$264,757

Cap Rate 9%

$205,922

Alternative Uses

Best Use

Office B

$264.8K

$231.7K – $308.9K (±1% cap)

NOI $18,533 @ 7.0% cap · market cap 5.62%

Second Best

Flex RnD

$183.5K

$160.6K – $214.1K (±1% cap)

NOI $12,847 @ 7.0% cap · market cap 3.89%

Theoretical Best

Office A

$364.4K

$318.8K – $425.1K (±1% cap)

NOI $25,505 @ 7.0% cap · market cap 7.73%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Select Specialty Services ... Crisis Center Spectrum Behavioral Solutions Crisis Center

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop (Bike/Boat/Book/etc) Store Dental Office Grocery & Convenience Store Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

95

Businesses Nearby

Explore this area Business Placement

Demographics for 31605, GA

23,682

Population

9,642

Households

2.5

Avg Household Size

32

Median Age

35%

College-Educated

95%

High-School Grad

48.8 sq mi

ZIP Area

485

Density / Sq Mi

$73,991

Median Household Income

$42,359

Median Earnings

$1,230

Median Rent

$211,900

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Versatile commercial layout with private offices, meeting rooms, work areas, restrooms, parking, and direct corridor access.

Where is this office building located?

The property is located at 5921 Bemiss Rd Valdosta, GA.

What is the asking price?

The asking price for this property is $329,900.

What are key features of this property?

This property features: Directly across from Moody Air Force Base; Multiple private offices and conference rooms; Flex/work areas included in the building layout