Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    121 Central Ave Valdosta, GA 31601

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Valdosta Office/Retail Investment Opportunity

    Property size:
    2,480 SF

    Property Features for 121 Central Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,480 SF
    Class
    C

    Building Details

    Buildings
    1
    Stories
    1
    Units
    1

    We can help!

    Listing Contact
    John Courson
    John Courson

    Listing Agency: COLDWELL BANKER PREMIER REAL E Listing Agent: John Courson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 2,480 square foot mixed-use property, located at 121 W Central Ave in Valdosta, Georgia, presents a compelling investment or owner-user opportunity. Currently configured as a single-tenant space, this building offers a versatile layout including reception, multiple offices, storage areas, and two bathrooms. The property boasts a highly desirable location in the heart of downtown Valdosta, benefiting from approximately 9,720 average daily traffic (per GDOT 2022 data) and convenient access to a public parking lot located directly behind the building. Zoned C-D, this single-story building is 20 feet wide and 124 feet deep, providing ample space for a variety of uses. The asking price is $245,520, translating to $99 per square foot. The property is 100% occupied under a gross lease agreement commencing January 1, 2014. This value-add investment opportunity is situated amidst a thriving mix of businesses and residential properties, offering excellent visibility and accessibility. The property features front and back access points for enhanced convenience. Further lease details are available upon request for qualified prospects. The property is privately owned and is not subject to a ground lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Real Estate Agency Building Supply Law Firm Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Valdosta
    County
    Lowndes
    State
    Georgia
    Longitude
    -83.2802999
    Latitude
    30.831354

    Nearby Similar for Sale

    • New
      $495,000
      4,000 SF

      Leased Commercial Strip in Valdosta

      Fully leased commercial strip property with income potential.
      3971 Inner Perimeter Rd, Valdosta, GA 31605
      View Details
    • $825,000
      6,216 SF

      Stabilized Multi-Tenant Office Investment

      Multi-tenant office property near SGMC & Moody AFB.
      411-415 Cowart Ave, Valdosta, GA 31602
      View Details
    • $399,000
      8,750 SF

      Valdosta Commercial Flex Building

      Versatile commercial property with office, retail, and warehouse space.
      415 Hill Ave, Valdosta, GA 31601
      View Details
    • $949,000
      9,258 SF

      Valdosta Commercial Office For Sale

      Two-story office building with multi-use secondary building and ample parking.
      3185 Madison Hwy, Valdosta, GA 31601
      View Details
    • $895,000
      4,550 SF

      Established Dry Cleaning Business For Sale

      Turnkey dry cleaning business with real estate in Valdosta, GA.
      375 Connell Rd, Valdosta, GA 31602
      View Details
    • $725,000
      4,842 SF

      Valdosta Office Building For Sale

      Professional office building with functional space in a stable location.
      1108 Gornto Rd, Valdosta, GA 31602
      View Details
    • $385,000
      4,800 SF

      Versatile Commercial Building with Showroom

      4800 SF Valdosta building with office, showroom, and warehouse.
      1004 Williams St, Valdosta, GA 31601
      View Details
    • $549,900
      4,006 SF

      Valdosta Commercial Building on Baytree

      Spacious 4000+ SF building ideal for professional or medical offices.
      1216 Baytree Rd, Valdosta, GA 31602
      View Details
    • $195,000
      4,176 SF

      Valdosta Commercial Building For Sale

      Highly visible commercial building on a high-traffic corner.
      1911 Ashley St, Valdosta, GA 31602
      View Details
    • $399,900
      1,731 SF

      Valdosta Office Space For Sale

      Office property in Valdosta, GA, featuring a versatile layout.
      3901 Forrest Street Ext, Valdosta, GA 31605
      View Details
    • $369,900
      7,560 SF

      Historic Mixed-Use Building in Valdosta

      Two-story commercial building in downtown Valdosta, suitable for retail/office.
      201 Ashley St, Valdosta, GA 31601
      View Details
    • $359,900
      3,183 SF

      Valdosta Commercial Office For Sale

      High-visibility commercial property in historic Valdosta office district.
      706 Patterson St, Valdosta, GA 31601
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Valdosta Office/Retail Investment Opportunity
    Where is this individual retail property located?
    The property is located at 121 Central Ave Valdosta, GA.
    What is the asking price?
    The asking price for this property is $245,520.
    What are key features of this property?
    This property features: Prime downtown location with convenient public parking and dual street access.; ;
    (229) 244-3535 Call to check price and availability
    Request Owner's contact information
    121 Central Ave Valdosta, GA 31601
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    121 Central Ave
    Valdosta, GA 31601
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    121 Central Ave Valdosta, GA 31601
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing John Courson
    John Courson
    Real Estate License ID: 342868
    (229) 244-3535 (229) 251-4632
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!