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415 Cowart Ave 6,216 SF 100% Leased Office Building Valdosta, GA 31602 $845,000 ($135.94/SF) 7.90% Cap Rate



INVESTMENT HIGHLIGHTS
- Diversified tenant mix provides synergy
- Heart of Valdosta commercial district
- Modern layouts
EXECUTIVE SUMMARY
Stabilized Multi-Tenant Office Investment | ±620 SF Suites | Individually Metered | 8% Cap Rate | Near SGMC & Moody AFB Located just steps from SGMC Health, Azalea Business Center at 411–415 Cowart Avenue is a stabilized two-building, 10-suite multi-tenant office property in the heart of Valdosta’s strongest professional corridors. Each ±620 SF suite features two private offices, large reception/waiting area, break room, storage, and private restroom. Plenty of parking, easy in & out and each unit is individually metered for utilities, allowing tenants to be billed directly and keeping ownership expenses low. The property is anchored by long-term tenants paying $795/month ($15+/SF), and combined with a 30% operating expense ratio gives an ±8% proforma cap rate. Current tenants include salons, tax preparers, financial professionals, and service-oriented businesses, creating strong tenant synergy and occupancy stability. Ideal for both investors and owner-users, with the ability to occupy one or more suites while enjoying reliable income from an established tenant base. Major regional demand generators—including SGMC Health, Moody Air Force Base, Valdosta State University, and the area’s expanding logistics and retail hubs—continue to drive strong need for small, affordable professional office suites, while limited supply makes this property a rare find. Rent roll and historical financials available to qualified prospects.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
6,216 SF
Building Class
B
Year Built
2005
Price
$845,000
Price Per SF
$135.94
Cap Rate
7.90%
NOI
$66,780
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,216 SF
Building FAR
0.79
Lot Size
0.18 AC
Zoning
CH - Highway Commercial
Parking
12 Spaces (2.76 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Signage
- Air Conditioning
- Fiber Optic Internet
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PROPERTY TAXES
| Parcel Number | 0114A-168 | Improvements Assessment | $152,202 |
| Land Assessment | $7,200 | Total Assessment | $159,402 |
PROPERTY TAXES
Parcel Number
0114A-168
Land Assessment
$7,200
Improvements Assessment
$152,202
Total Assessment
$159,402
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415 Cowart Ave
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