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

    Augusta/Cherokee Ave lot 155 Waycross, GA 31501

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $350,000

    LAND - Waycross, GA

    Lot size:
    36.64 Acres
    Added:
    Apr 3, 2026
    Days on Market:
    15
    Last Refresh:
    Apr 17 at 4:06 pm

    Property Features for Augusta/Cherokee Ave lot 155

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    055A06 001
    Lot size
    36.64 Acres

    Taxes and HOA fees

    Tax Description
    Lot 155 of 8th LD

    We can help!

    Listing Contact
    Amelia Teston

    Listing agent Amelia Teston

    Listing office Gateway Realty Services, Inc 516 Lott Street, Waycross, GA

    Listing date Apr 3, 2026

    MLS# 1661008 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 Acreage for Residential Development

    This 36.64-acre tract of land is located at the intersection of Cherokee Avenue and Augusta Avenue in Ware County, Waycross, Georgia. The property is near Ware Middle School, The Heritage Center, and Southern Forest World. The site is currently zoned as Class O (Office) but can be changed for residential homes. The wooded land features aged pine trees that provide a canopy, making it suitable for a new subdivision. This property is ideal for development into a new residential subdivision.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Waycross
    County
    Ware
    State
    Georgia
    Longitude
    -82.3853
    Latitude
    31.1455

    Nearby Similar for Sale

    • $999,000
      29,760 SF

      Waycross Commercial Property For Sale

      Versatile commercial property with high visibility and endless possibilities.
      447 Ossie Davis Parkway, Waycross, GA 31501
      View Details
    • $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
    • $700,000

      10 Acre Commercial Tract

      Prime commercial land in Waycross, GA with high visibility.
      MEMORIAL Drive, 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
    • $199,500
      1,570 SF

      Versatile Commercial Property in Waycross

      Commercial property ideal for retail, office, or food services.
      1112 Albany Ave, Waycross, GA 31501
      View Details
    • $640,000

      31.86 Acres Development Opportunity

      31.86 acre multi-use property with excellent visibility and access.
      MEMORIAL Drive, Waycross, GA 31503
      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
    • $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
    • $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
    • $668,000

      Turnkey Mechanic Shop For Sale

      Fully operational mechanic shop with established customer base and strong reputation.
      1059 Alice Street, Waycross, GA 31501
      View Details
    • $2,900,000

      Prime Commercial Parcel in Waycross

      2.73 acre commercial parcel ideal for retail or office.
      1725 Memorial Drive, Waycross, GA 31501
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 36.64 acres ideal for residential subdivision development in Waycross.
    Where is this residential land & home lot located?
    The property is located at Augusta/Cherokee Ave lot 155 Waycross, GA.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Large 36.64 acre tract ideal for residential subdivision development.; Prime location at the intersection of Cherokee Avenue and Augusta Avenue in Ware County.; Conveniently located near Ware Middle School, The Heritage Center, and Southern Forest World.
    (912) 385-7216
    We can help!
    Listing Contact
    Amelia Teston
    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!