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    1515 Ashley St Valdosta, GA 31602-3369
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    1515 Ashley St Valdosta, GA 31602-3369

    View on Map
    • Strip malls
    • 20,610 SF
    • 1.72 lot acres
    Off-Market
    Property ID
    US22-3354395
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $640,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Heating & Air Conditioning Repair Services / Hardware & Home Improvement / HVAC Service
    • Direct Auto Insurance / Insurance Agency
    • Dunlap Printing And Signs LLC / Marketing & Advertising / Printing Service
    • Southern Tech Solutions - Managed IT Services / Tech Support Center / IT Consulting Firm
    • Kool Comics / (Bike/Boat/Book/etc) Store / Newspaper & Magazine

    Property Details for 1515 Ashley St

    Year built
    1996
    Construction
    STEEL FRAME
    Lot size
    1.72 lot acres
    Property size
    20,610 SF
    Zone code
    C-H
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    0116A-085
    APU
    0116A085

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $645,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $633,000
      Market price range: $633k - $1.38M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $935,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Valdosta
    County
    Lowndes
    State
    Georgia
    Longitude
    -83.28
    Latitude
    30.8503
    CBSA code
    46660
    CBSA name
    VALDOSTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $13,002
    $98,298
    $338,123
    $436,421
    -
    $245,746
    $845,308
    $1,091,054

    Comparable in this City

    • Value Estimation by Request
      1,914 SF

      2244 Bemiss Rd

      SHOPPING CENTER, STRIP CENTER • 1,914 SF
      2244 Bemiss Rd, Valdosta, GA 31602-3745
      View Details
    • Value Estimation by Request
      6,000 SF

      3003 Bemiss Rd

      SHOPPING CENTER, STRIP CENTER • 6,000 SF
      3003 Bemiss Rd, Valdosta, GA 31602-7009
      View Details
    • Value Estimation by Request
      8,700 SF

      408 Northside Dr, Unit A-F

      SHOPPING CENTER, STRIP CENTER • 8,700 SF
      408 Northside Dr, Valdosta, GA 31602-1864
      View Details
    • Value Estimation by Request
      8,470 SF

      Park 832nd Ave

      SHOPPING CENTER, STRIP CENTER • 8,470 SF
      Park 832nd Ave, Valdosta, GA 31602
      View Details
    • Value Estimation by Request
      5,716 SF

      2947 Ashley St

      SHOPPING CENTER, STRIP CENTER • 5,716 SF
      2947 Ashley St, Valdosta, GA 31602-1706
      View Details
    • Value Estimation by Request
      3,728 SF

      1911 Ashley St

      SHOPPING CENTER, STRIP CENTER • 3,728 SF
      1911 Ashley St, Valdosta, GA 31602-3026
      View Details

    Similar Nearby for Sale

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      Valdosta Retail Building For Sale

      2744 SF retail building on busy corner in Valdosta.
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      Valdosta Automotive Facility For Sale

      Well-maintained automotive facility on 1.6 acres with redevelopment potential.
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    • $2,495,000
      25,600 SF

      Valdosta Commercial Highway Redevelopment Opportunity

      25,600 SF commercial building on 2.13 acres for sale.
      406 Connell Rd, Valdosta, GA 31602
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    • $175,000
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      Valdosta Commercial Building For Sale

      Highly visible commercial building on a high-traffic corner.
      1911 Ashley St, Valdosta, GA 31602
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    • $750,000
      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
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in North Oak Square

      Retail space available in a high-traffic shopping center.
      3259 Inner Perimeter Rd, Valdosta, GA 31602
      View Details
    • Contact for pricing
      1,500 SF

      Valdosta Retail/Office Space Available

      1500 sq ft retail/office space near Valdosta Mall.
      1525 Baytree Rd, Valdosta, GA 31602
      View Details
    • Contact for pricing

      Retail Space Available for Lease

      Retail space available for lease at 3268 Inner Perimeter Rd.
      3268 Inner Perimeter Rd, Valdosta, GA 31602
      View Details
    • Contact for pricing
      Pending

      Move-in Ready Valdosta Office Space

      Professional office space in well-maintained complex, ideal for various uses.
      2935-115 Ashley St, Valdosta, GA 31602
      View Details
    • Contact for pricing
      1,845 SF

      Renovated Office Space Available

      Move-in ready, renovated office space with modern amenities.
      101 C Northside Dr, Valdosta, GA 31602
      View Details
    • Contact for pricing

      Valdosta Road Ground Lease Opportunity

      2+/- acre commercial land for ground lease in Valdosta.
      4534 N Valdosta Rd, Valdosta, GA 31602
      View Details
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    1515 Ashley St
    Valdosta, GA 31602-3369
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    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
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