Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    261 Liberty St Waynesboro, GA 30830
    Back to Search
    Property profile & analytics

    261 Liberty St, Waynesboro, GA 30830

    View on Map
    • Neighborhood centers
    • 42,886 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 261 Liberty St

    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Waynesboro
    County
    Burke
    State
    Georgia
    Longitude
    -82.0091
    Latitude
    33.0812

    Comparable in this City

    • Value Estimation by Request
      25,600 SF

      Hwy 25

      SHOPPING CENTER, STRIP CENTER
      Hwy 25, Waynesboro, GA 30830
      View Details
    • Value Estimation by Request
      24,400 SF

      114 6Th St

      Individual retail properties
      114 6Th St, Waynesboro, GA 30830
      View Details
    • Value Estimation by Request
      1,325 SF

      316 Ponderosa Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      316 Ponderosa Rd, Waynesboro, GA 30830-7025
      View Details
    • Value Estimation by Request
      4,800 SF

      5955 Riv Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      5955 Riv Rd, Waynesboro, GA 30830-2950
      View Details
    • Value Estimation
      $500,000
      17,420 SF

      200 6th St

      WHOLESALE OUTLET, DISCOUNT STORE
      200 6th St, Waynesboro, GA 30830-1460
      View Details
    • Value Estimation
      $1,110,000
      12,088 SF

      287 Old Millen Hwy

      WHOLESALE OUTLET, DISCOUNT STORE
      287 Old Millen Hwy, Waynesboro, GA 30830-8803
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Property For Sale

      Retail property available for purchase in Waynesboro, Georgia.
      400 S Liberty St, Waynesboro, GA 30830
      View Details
    • Contact for pricing

      Endcap Retail Suite at Shopping Center

      Turn-key end-cap suite within Burke Crossing Shopping Center with ample dedicated parking.
      261 S Liberty St, Waynesboro, GA 30830
      View Details
    • Contact for pricing
      2,349 SF

      Remodeled Commercial Building in Waynesboro

      Historic downtown building, remodeled with multiple potential uses.
      246 Council St, Waynesboro, GA 30830
      View Details
    • $684,900
      24,359 SF

      Downtown Waynesboro Multi-Use Property

      Iconic mixed-use property with retail, residential loft, and warehouse space.
      114 W 6Th St, Waynesboro, GA 30830
      View Details
    • Contact for pricing
      5,500 SF

      Downtown Waynesboro Mixed-Use Building

      Mixed-use building with showroom, storage, and renovation potential.
      630 Shadrack St, Waynesboro, GA 30830
      View Details
    • $82,500
      5.50 Acres

      Rural Land Parcel in Waynesboro

      Premium rural parcels for tranquil country lifestyle near Waynesboro, GA.
      Chappel Rd, Waynesboro, GA 30830
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Burke Crossing

      Retail spaces available in Waynesboro's shopping and dining hub.
      261 South Liberty St, Waynesboro, GA 30830
      View Details
    • Contact for pricing
      8,427 SF

      Retail Space on Liberty Street

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