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    261 Liberty St Waynesboro, GA 30830

    Sponsored
    For Lease
    Contact for pricing

    Prime Retail Space, 8,427 SF Available

    Lot size:
    42,886 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    406
    Burke Crossing, located at 261 South Liberty Street in Waynesboro, Georgia (30830), presents a unique opportunity for retail businesses seeking a prominent location. This single-story, 42,886 square foot strip center sits on a 5.15-acre lot and features three suites. Currently, 8,427 square feet of contiguous space is available for lease, representing a significant portion of the center. The property's APN is W12 078, and it's situated within Burke County's thriving commercial district, benefiting from high visibility and convenient access. The center enjoys a strong anchor tenant in Big Lots, with Papa's Pizza also occupying a space. This prime location places your business in the heart of Waynesboro's shopping, dining, and banking hub, ensuring high foot traffic and exposure to a substantial customer base. The minimum divisible space is 8,427 square feet, making it ideal for a single large tenant or a potential sub-division (subject to landlord approval). This exceptional retail opportunity offers a chance to establish or expand your business in a well-established and highly visible location. The property's convenient location and strong existing tenancy make it an attractive investment for discerning businesses. Serious inquiries are encouraged to explore this exceptional retail space.

    Property Features for 261 Liberty St

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    42,886 SF

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 3
    Size
    8,427 SF

    We can help!

    Listing Contact
    Liam Welch
    Liam Welch

    Learn more

    HighLights

    • High‑traffic location on Liberty Street (ST HWY 24), VPD 11,300.
    • 8,427 square feet of contiguous retail space available for lease.
    • Ample dedicated parking.
    • Turn‑key retail space available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Waynesboro
    County
    Burke
    State
    Georgia
    Longitude
    -82.009134934871
    Latitude
    33.081204275857

    Nearby Comparable

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    Nearby Similar for Lease

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      Waynesboro Industrial Space Available

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      231 13Th St, Waynesboro, GA 30830
      View Details
    • Contact for pricing
      32,959 SF

      Retail Space on Liberty Street

      Anchor tenant and additional retail space available for lease.
      263 S Liberty St, Waynesboro, GA 30830
      View Details

    FAQs

    What type of property is this?
    Neighborhood center - Prime Retail Space, 8,427 SF Available
    Where is this neighborhood center located?
    The property is located at 261 Liberty St Waynesboro, GA.
    What are key features of this property?
    This property features: High-traffic location on Liberty Street (ST HWY 24), VPD 11,300.; 8,427 square feet of contiguous retail space available for lease.; Ample dedicated parking.
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    261 Liberty St Waynesboro, GA 30830
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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
    261 Liberty St Waynesboro, GA 30830
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    We can help!
    Listing Contact
    Liam Welch
    Liam Welch
    Real Estate License ID: GA 425517
    Learn more
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