Commercial Land with Existing
New
For Sale
$495,000
601 E Park Ave, Valdosta, GA 31602
Commercial Sale, Valdosta, GA
Property Size4,000 SF
Lot Size0.76 Acres
Price / SF$123.75
Days on Market2
Property Features for 601 E Park Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-H
Subdivision
3-S of Park Ave to E Oak St to S Hill Ave
Standard status
Active
APN
0114C-191,192,171
Size
4,000 SF
Lot size
0.76 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
DB 7268-821
Tax Annual Amount
2498
Legal Description
DB 7268-821
Building Details
Year built
1964
Listing Agency:
FIRST COMMERCIAL REAL ESTATE
Listed By:
Scott Alderman · License #109748
(229) 561-1939
Added: Sep 25
Last Checked: Sep 26 at 7:06AM
MLS# 155136
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.
The 0.76-acre property comprises three contiguous parcels and includes a 4,000-square-foot block, metal, and glass building constructed in 1964. The building is vacant and offered in as-is condition; it was most recently used for commercial kitchen and food preparation operations. C-H zoning and utilities are in place, and the site has frontage on E Park Ave, Marion St, and N Lee St, with multiple curb cuts.
The property is one block from the E Park Ave and N Ashley St intersection, where reported traffic is 24,900 vehicles per day; E Park Ave is estimated at 15,000 vehicles per day. Nearby uses include South GA Medical Center Internal Medicine, Enmark Fuel/C-Store, and Family Dollar. The surrounding area includes commercial businesses and single- and multifamily residential development.
The property is one block from the E Park Ave and N Ashley St intersection, where reported traffic is 24,900 vehicles per day; E Park Ave is estimated at 15,000 vehicles per day. Nearby uses include South GA Medical Center Internal Medicine, Enmark Fuel/C-Store, and Family Dollar. The surrounding area includes commercial businesses and single- and multifamily residential development.
Key Highlights
- 0.76‑acre site made up of three contiguous parcels
- 4,000‑square‑foot building constructed in 1964; vacant and sold as‑is
- 525' of frontage across E Park Ave, Marion St, and N Lee St
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,907
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$738,140
$738.1K
Cap Rate 7%
$527,243
$527.2K
Cap Rate 9%
$410,078
$410.1K
Market Conditions
NOI Build-Up for 4,000 SF
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.
Gross rent
$52.8K $13.20/SF
− Vacancy
−$3.6K −$0.90/SF
EGI
$49.2K $12.30/SF
− OpEx
−$12.3K −$3.08/SF
NOI
$36.9K $9.23/SF
Area
Lowndes County, GA
Vacancy
6.80%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$738,140
Cap Rate 7%
$527,243
Cap Rate 9%
$410,078
Alternative Uses
Best Use
Specialty Retail
$527.2K
$461.3K – $615.1K
NOI $36,907 @ 7.0% cap · market cap 7.46%
Second Best
Industrial
$257.5K
$225.3K – $300.4K
NOI $18,026 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$607.3K
$531.4K – $708.5K
NOI $42,509 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,040
Businesses Nearby
117k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 66%
Shops & Services 26%
Apparel 6%
Electronics 1%
McDonald's
Dining
23,469 visits/mo
0.2 miles
Circle K
Shops & Services
14,557 visits/mo
0.3 miles
Wendy's
Dining
14,179 visits/mo
0.4 miles
Checkers
Dining
13,873 visits/mo
0.2 miles
Popeyes Louisiana Kitchen
Dining
8,956 visits/mo
0.2 miles
Demographics for 31602, GA
35,999
Population
15,201
Households
2.4
Avg Household Size
33
Median Age
32%
College-Educated
89%
High-School Grad
39.9 sq mi
ZIP Area
902
Density / Sq Mi
$55,980
Median Household Income
$34,919
Median Earnings
$1,046
Median Rent
$197,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - An existing 4,000-square-foot building and C-H zoning add commercial-use flexibility to this assembled site.
Where is this commercial land located?
The property is located at 601 E Park Ave Valdosta, GA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 0.76‑acre site made up of three contiguous parcels; 4,000‑square‑foot building constructed in 1964; vacant and sold as‑is; 525' of frontage across E Park Ave, Marion St, and N Lee St
