1500 Commerce Dr Valdosta, GA 31601-1206
- Warehouses
- 108,800 SF
- 15.00 lot acres
May 24, 2023
Current Use by Public Records
- Smith Drugs / Pharmacy
- Smith Pharmacy DC. / Pharmacy / Corporate Office
- ABC Supply Co. Inc. / Roofing Supply Store
Property Details for 1500 Commerce Dr
- Year built
- 2009
- Construction
- CONCRETE
- Lot size
- 15.00 lot acres
- Property size
- 108,800 SF
- Zone code
- M-2
- Property type
- Warehouses
- APN
- 0123A-032
- APU
- 0123A032
Description
This exceptional industrial property in Valdosta, Georgia, offers a prime opportunity for businesses seeking flexible distribution space. Located at 1500 Commerce Dr, 31601, this single-tenant facility boasts a total of 54,560 square feet, with options available ranging from 19,040 square feet. Built in 2009, the property sits on 15 acres of land and is conveniently situated near I-75, providing excellent access to major transportation routes. The building features four loading docks and one drive-in door, ensuring efficient loading and unloading operations. The property is classified as Class A and is offered at a modified gross rate of $5.50 per square foot. Tenants are responsible for interior maintenance and utilities, with payment options including direct billing or reimbursement to the landlord based on a percentage of building usage. This presents a unique opportunity to secure a high-quality, strategically located distribution center in a thriving market. The flexible space options cater to a variety of business needs, making this property an ideal choice for companies seeking to establish or expand their operations in the Valdosta area. The property's size, location, and amenities combine to create a compelling investment opportunity.
Value Estimations
-
AI approach
- Estimation
- $8,470,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $6,120,000
- 6.5%
- $6,375,000
- 7%
- $6,665,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $6,335,000
- Geo Method
- $5,460,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $6,780,000
- Retail
- $5,320,000
- Mixed-Use
- $5,920,000
- Hospitality
- $5,270,000
- Educational
- $6,030,000
- Residential Income
- $6,095,000
- Energy
- $5,875,000
- Income-Based Land
- $5,645,000
- Food Service
- $5,165,000
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Location Insight
- Map
- Local Demand
- City
- Valdosta
- County
- Lowndes
- State
- Georgia
- Longitude
- -83.2965
- Latitude
- 30.8062
- CBSA code
- 46660
- CBSA name
- VALDOSTA, GA METROPOLITAN STATISTICAL AREA