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

    447 Ossie Davis Parkway Waycross, GA 31501

    View on Map
    For Sale
    $999,000

    Commercial Sale - Waycross, GA

    Property size:
    29,760 SF
    Lot size:
    2.87 Acres
    Added:
    Feb 18, 2026
    Days on Market:
    48
    Last Refresh:
    Apr 7 at 7:06 am

    Property Features for 447 Ossie Davis Parkway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking
    100
    Standard status
    Active
    APN
    WA0801-014
    Size
    29,760 SF
    Lot size
    2.87 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    9184.71

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Heather Fluker
    Heather Fluker

    Listing agent Heather Fluker

    Listing office eXp Realty, LLC 1372 Peachtree St NE, St. Simons Island, GA

    Listing date Feb 18, 2026

    MLS# 1659891 Listing URL

    Copyright © 2026 Golden Isles Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waycross Commercial Property For Sale

    Located at 447 Ossie Davis Parkway in Waycross, Georgia, this commercial property offers a generous lot size of 2.87 acres and high visibility, making it suitable for development or expansion. The property is positioned in a thriving area with consistent traffic flow and a daily traffic count exceeding 11,000, ensuring maximum exposure. The property is ideal for a wide variety of business uses, including vehicle-related businesses such as a dealership, storage, detailing, and window tinting. It could serve as a sales and/or service outlet for various types of vehicles. The property features more than 20 service bays, a large showroom, ample storage, a breakroom, and several offices. The building has 29760 square feet of space. The property offers excellent access to major roadways.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Showrooms

    Suggested Use

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

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

    Similar Places Nearby

    • U-Haul Neighborhood Dealer — 552 Ossie Davis Pkwy, Waycross, GA 31501
    • U-Haul Neighborhood Dealer — 611 Francis St, Waycross, GA 31503

    Location Insight

    • Map
    • Local Demand
    City
    Waycross
    County
    Ware
    State
    Georgia
    Longitude
    -82.3579359
    Latitude
    31.2175039

    Nearby Similar for Sale

    • $825,000
      4,122 SF

      Waycross Commercial Property For Sale

      Recently renovated retail property with established business opportunity in Waycross.
      816 Memorial Drive, Waycross, GA 31501
      View Details
    • $499,900
      7,000 SF

      Waycross Commercial Opportunity For Sale

      Commercial property in Waycross's Commercial District, near school and stadium.
      703 Knight Ave, Waycross, GA 31501
      View Details
    • $10,000
      2,062 SF

      Turnkey Restaurant Opportunity in Waycross

      Restaurant space for sale in high-traffic Waycross location.
      1610 South Georgia Parkway W, Waycross, GA 31503
      View Details
    • $222,500
      2,625 SF

      Versatile Commercial Property in Waycross

      Adaptable commercial space in the heart of Waycross, Georgia.
      100 Albany Ave, Waycross, GA 31501
      View Details
    • $595,000

      Waycross Church with Redevelopment Potential

      2.07-acre church property with sanctuary, classrooms, kitchen, and parking.
      412 McDonald Street, Waycross, GA 31501
      View Details
    • $800,000
      51,200 SF

      Waycross Warehouse on 6.5 Acres

      51,200 SF warehouse on 6.5 acres in Waycross, GA.
      812 Garlington Ave, Waycross, GA 31501
      View Details
    • $199,500
      1,570 SF

      Versatile Commercial Property in Waycross

      Adaptable commercial space suitable for retail, office, or restaurant.
      1112 Albany Ave, Waycross, GA 31501
      View Details
    • $110,000

      Versatile Commercial Building in Waycross

      Adaptable commercial space suitable for retail, office, or service businesses.
      875 Tebeau Street, Waycross, GA 31501
      View Details
    • $325,000

      Waycross Business Opportunity For Sale

      Established food service business with bar, restaurant, and B&B.
      311 Pendleton Street, Waycross, GA 31501
      View Details
    • $668,000

      Turnkey Mechanic Shop For Sale

      Fully operational mechanic shop with established customer base in Waycross.
      1059 Alice Street, Waycross, GA 31501
      View Details
    • $699,000

      Waycross Investment Opportunity

      Mobile home and RV park with income and expansion potential.
      851 Mount Pleasant Road, Waycross, GA 31503
      View Details
    • $2,000,000
      9,091 SF

      Waycross Commercial Property on Memorial

      Versatile commercial property in Waycross, Georgia, with high visibility.
      1506 Memorial Drive, Waycross, GA 31501
      View Details

    FAQs

    What type of property is this?
    Automotive property - Versatile commercial property with high visibility and endless possibilities.
    Where is this automotive property located?
    The property is located at 447 Ossie Davis Parkway Waycross, GA.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: High‑visibility location on Ossie Davis Parkway with 11,000+ daily traffic count.; Generous lot size suitable for development or expansion.; Versatile commercial property ideal for vehicle‑related businesses.
    (912) 816-8141
    We can help!
    Listing Contact
    Heather Fluker
    Heather Fluker
    Real Estate License ID: 396858
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!