Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waycross Commercial Property with B&B Title is generated by Realmo AI

    311 Pendleton Street, Waycross, GA 31501

    View on Map
    Claim this Listing
    For Sale
    $325,000

    COMMERCIAL - Waycross, GA

    Lot size:
    0.06 Acres
    Added:
    Jan 7, 2026
    Days on Market:
    129
    Last Refresh:
    May 16 at 7:06 pm

    Property Features for 311 Pendleton Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking
    5
    Standard status
    Active
    Lot size
    0.06 Acres

    We can help!

    Listing Contact
    George Fesperman

    Listing agent George Fesperman License #235334

    Listing office Fesperman Real Estate 315 Plant Ave, Waycross, GA

    Listing date Jan 7, 2026

    MLS# 1658742

    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.

    HighLights

    • Established business location in downtown Waycross.
    • Three potential revenue streams: bar, restaurant, and B&B.
    • Includes four suites suitable for an Air B&B.
    • 30 years of history in the food service industry.
    • Adaptable space previously used as a fine dining restaurant, Thai restaurant, and upscale bar.
    • Opportunity to visualize and customize the property's use.

    Overview

    This commercial property, located in downtown Waycross, Georgia, has operated in the food service industry for 30 years and offers three potential revenue streams: a bar, a restaurant, and a bed and breakfast. The property previously functioned as a fine dining restaurant with wine tastings, a Thai restaurant, and most recently, an upscale bar. The building includes four suites upstairs that could be used as an Airbnb. Situated on a 0.06-acre lot, this property presents various possibilities for prospective owners. The location on Pendleton Street offers a central position within Waycross.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Place on Pendleton Street Bar & Pub

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Ll Creek Bar And Grill — 421 Memorial Dr, Waycross, GA 31501
    • The Place on Pendleton Street — 311 Pendleton St, Waycross, GA 31501
    • Ciger Bar — 512 Plant Ave, Waycross, GA 31501
    • Wiley's Top Shelf — 409 Alice St, Waycross, GA 31501
    • MY PLACE LOUNGE — 1007 Albany Ave, Waycross, GA 31501

    Location Insight

    • Map
    • Local Demand
    City
    Waycross
    County
    Ware
    State
    Georgia
    Longitude
    -82.36016
    Latitude
    31.210107

    Nearby Similar for Sale

    • $999,000
      29,760 SF

      Versatile Commercial Property in Waycross

      Prime location with high visibility and endless business possibilities.
      447 Ossie Davis Parkway, Waycross, GA 31501
      View Details
    • $149,000
      1,008 SF

      High Visibility Commercial Property Available

      Commercial property with high visibility and convenient access to amenities.
      2048 Plant Avenue, Waycross, GA 31501
      View Details
    • $825,000
      4,122 SF

      Renovated Commercial Building in Waycross

      Recently renovated commercial building operating as a smoke shop.
      816 Memorial Drive, Waycross, GA 31501
      View Details
    • $222,500
      2,625 SF

      Versatile Commercial Property in Waycross

      Adaptable commercial space in the heart of Waycross, Georgia.
      100 Albany Avenue, Waycross, GA 31501
      View Details
    • $595,000
      18,230 SF

      Waycross Church Property For Sale

      2.07-acre church property with redevelopment potential in Waycross, GA.
      412 McDonald Street, Waycross, GA 31501
      View Details
    • $650,000
      4,800 SF

      New Duplexes in Waycross, Georgia

      Four leased units with modern finishes and low-maintenance construction.
      371 Cherokee Avenue, Waycross, GA 31501
      View Details
    • $800,000
      51,200 SF

      Spacious Warehouse on 6.5 Acres

      51,200 SF warehouse on 6.5 acres in Waycross, GA.
      812 Garlington Avenue, Waycross, GA 31501
      View Details
    • $2,100,000
      24,144 SF

      24,144 SF Retail Building

      Highly visible building on 1.85 acres with 96 parking spaces.
      2250 Brunswick Highway, Waycross, GA 31503
      View Details
    • $700,000
      19,166 SF

      Waycross Commercial Property For Sale

      Commercial property in Waycross, Georgia, with 19,166 square feet.
      513 Tebeau Street, Waycross, GA 31501
      View Details
    • $2,000,000
      9,091 SF

      Prime Commercial Property Waycross, Georgia

      Versatile commercial property in Waycross, Georgia, with high visibility.
      1506 Memorial Drive, Waycross, GA 31501
      View Details
    • $135,000

      Commercial Opportunity in Waycross, GA

      Well-located commercial property with high visibility and versatile layout.
      725 Knight Avenue, Waycross, GA 31501
      View Details
    • $950,000
      84,506 SF

      Waycross Commercial Property For Sale

      Commercial property in Waycross, GA, with 84,506 square feet.
      2023 Memorial Dr, Waycross, GA 31501
      View Details

    FAQs

    What type of property is this?
    Bar & Pub - Commercial property with restaurant, bar, and B&B potential.
    Where is this bar & pub located?
    The property is located at 311 Pendleton Street Waycross, GA.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: Established business location in downtown Waycross.; Three potential revenue streams: **bar, restaurant, and B&B.**; Includes four suites suitable for an Air B&B.
    (912) 288-1988
    We can help!
    Listing Contact
    George Fesperman
    Real Estate License ID: 235334
    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

    Thank You for Inquiry
    311 Pendleton Street, Waycross, GA 31501
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!