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    Versatile Commercial Property in Waycross Title is generated by Realmo AI

    447 Ossie Davis Parkway, Waycross, GA 31501

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    Claim this Listing
    For Sale
    $999,000

    COMMERCIAL - Waycross, GA

    Property size:
    29,760 SF
    Lot size:
    2.87 Acres
    Price / SF:
    $33/SF
    Added:
    Feb 18, 2026
    Days on Market:
    84
    Last Refresh:
    May 13 at 7:06 pm

    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 Description
    OSSIE DAVIS PKWY 447 B308
    Tax Annual Amount
    9185

    We can help!

    Listing Contact
    Heather Fluker
    Heather Fluker

    Listing agent Heather Fluker License #396858

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

    Listing date Feb 18, 2026

    MLS# 1659891

    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

    • High‑visibility location on Ossie Davis Parkway with 11,000+ daily traffic.
    • Generous lot size suitable for development or expansion.
    • Versatile commercial property ideal for vehicle‑related businesses.
    • Excellent access to major roadways.
    • Features more than 20 service bays, large showroom, lots of storage, breakroom, and several offices.
    • Located in a thriving area.

    Overview

    Located on Ossie Davis Parkway in Waycross, Georgia, this commercial property offers development or expansion opportunities on a generous 2.87-acre lot. The property's high visibility and excellent access to major roadways are enhanced by its location in a thriving area with a daily traffic count exceeding 11,000. The 29,760-square-foot building is suitable for various vehicle-related businesses, including dealerships, storage, detailing, and window tinting, and could serve as a sales or service outlet for most vehicle types. The building includes over 20 service bays, a large showroom, ample storage space, a breakroom, and several offices. The current business plans to relocate, presenting a rare opportunity to secure a prime commercial location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Automotive properties

    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
    -82.357558
    Latitude
    31.217119

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    FAQs

    What type of property is this?
    Automotive property - Prime location with high visibility and endless business 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.; 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
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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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