Industrial Warehouse with Loading
823 S Lee Street, Valdosta, GA 31602
For Sale
$279,900
A second-level terrace, spray foam insulation, and fluorescent lighting are among the building’s functional improvements.
Property Size1,983 SF
Days on Market8
Property Features for 823 S Lee Street
General Information
Standard status
Size
Property subtype
Warehouse & Industrial
Clear Height
Dock-High Doors
Drive-In Doors
Amenities
0.12 acres, City Lot
Metal
Public Sewer
Parcel Number: 0122B 068, Annual Amount: $2,570.98, Year: 2026
Concrete
Electric
Listing ID: 10886002, Standard Status: Active, MLS Status: New, On market as of 2026-11-05, 5 days on market
On Street
Built in 1983, Construction Materials: Aluminum Siding, Block, Concrete, Frame, Steel Siding
County/Parish: Lowndes
Resale
Electricity Available, Sewer Available, Water Available, Water Source: Public
Close Of Escrow
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Sheridan Solomon & Associates
(478) 746-2000
Listed By:
Katherine Ball · License GA #397144
(404) 941-6576
Source:
Blackstreaminternational
Added: Nov 5
Changed: Nov 10
Last Checked: Nov 12 at 7:27AM
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 Sheridan Solomon & Associates
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Investment Insights
Based on property information with market context.
This industrial warehouse dates to 1983 and has 16-foot ceilings, three drive-in/grade-level doors, and one dock-high loading door. Improvements include a second-level terrace with a staircase, spray foam insulation, a roof, and fluorescent lighting. The building is located near downtown Valdosta.
Key Highlights
- 16‑foot ceilings
- Three drive‑in/grade‑level doors and one dock‑high loading door
- Second‑level terrace with staircase
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,688
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$233,760
$233.8K
Cap Rate 7%
$166,971
$167.0K
Cap Rate 9%
$129,867
$129.9K
Market Conditions
NOI Build-Up for 1,983 SF
Gross rent
$14.8K $7.44/SF
− Vacancy
−$1.0K −$0.51/SF
EGI
$13.8K $6.93/SF
− OpEx
−$2.1K −$1.04/SF
NOI
$11.7K $5.89/SF
Area
Lowndes County, GA
Vacancy
6.80%
Lease Rate
$7.44 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$233,760
Cap Rate 7%
$166,971
Cap Rate 9%
$129,867
Alternative Uses
Best Use
Warehouse
$167.0K
$146.1K – $194.8K
NOI $11,688 @ 7.0% cap · market cap 4.18%
Second Best
Industrial
$127.7K
$111.7K – $149.0K
NOI $8,937 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$301.1K
$263.4K – $351.2K
NOI $21,074 @ 7.0% cap · market cap 7.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
16 ft
Clear height
1
Dock-high doors
3
Drive-in doors
Location Intelligence
Trade Area within ½ mile
271
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
$197,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Valdosta, GA
Properties on Market for Warehouses in Valdosta
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Warehouse - A second-level terrace, spray foam insulation, and fluorescent lighting are among the building’s functional improvements.
Where is this warehouse located?
The property is located at 823 S Lee Street Valdosta, GA.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: 16‑foot ceilings; Three drive‑in/grade‑level doors and one dock‑high loading door; Second‑level terrace with staircase
