Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Hatcher Point Rd Waycross, GA 31503
    Back to Search
    Property profile & analytics

    Hatcher Point Rd Waycross, GA 31503

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Hatcher Point Rd

    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional multi-tenant retail development opportunity in Waycross, Georgia, presents 0.86 acres of buildable land with potential for up to 5,000 square feet of commercial space. The site is strategically located on Hatcher Point Road and Brunswick Highway 82, a high-traffic area with over 20,000 vehicles passing daily. This prime location boasts strong existing tenancy, including Dunham's Sports (currently open), Belk, T.J. Maxx, Planet Fitness, Hibbett Sports, and an upcoming Rural King. The property benefits from a robust retail environment, with nearby established businesses such as Walmart, Lowe's, Staples, Tractor Supply Co., Ollie's Bargain Outlet, and GTC Movies. The site's excellent visibility and accessibility make it ideal for a variety of retail and restaurant uses. The development is situated in Ware County, Georgia, with a substantial population base of over 60,000 people within a 20-mile radius, ensuring a large potential customer pool. The property is divisible, offering flexibility for businesses of varying sizes. This is a rare opportunity to establish a presence in a thriving retail corridor with significant growth potential. The buildable space is adaptable to suit diverse business needs. Contact us today to learn more about this exciting investment prospect.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Waycross
    County
    Ware
    State
    Georgia
    Longitude
    -82.3224
    Latitude
    31.1986

    Comparable in this City

    • Value Estimation by Request
      336 SF

      100 Mcdonald St

      DRIVE-THRU RESTAURANT, FAST FOOD • 336 SF
      100 Mcdonald St, Waycross, GA 31503
      View Details
    • Value Estimation
      $1,225,000
      8,925 SF

      2501 Memorial Dr

      RESTAURANT • 8,925 SF
      2501 Memorial Dr, Waycross, GA 31503-0909
      View Details
    • Value Estimation by Request
      700 SF

      105 Augusta Ave

      RESTAURANT • 700 SF
      105 Augusta Ave, Waycross, GA 31503-6666
      View Details
    • Value Estimation by Request
      4,698 SF

      1623 Albany Ave

      RESTAURANT • 4,698 SF
      1623 Albany Ave, Waycross, GA 31503-4908
      View Details
    • Value Estimation by Request
      1,600 SF

      1832 Georgia W Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,600 SF
      1832 Georgia W Pkwy, Waycross, GA 31503-6906
      View Details
    • Value Estimation by Request
      1,830 SF

      3387 Minnesota Ave

      BAR, TAVERN • 1,830 SF
      3387 Minnesota Ave, Waycross, GA 31503-0322
      View Details

    Similar Nearby for Sale

    • $2,100,000
      24,144 SF

      24,144 SF Retail Building

      Highly visible building on 1.85 acres with 96 parking spaces.
      2250 Brunswick Hwy, Waycross, GA 31503
      View Details
    • $569,900
      7.35 Acres

      Commercial Corner Lot in Waycross

      Prime commercial land ideal for various business ventures.
      2180 Fulford Rd, Waycross, GA 31503
      View Details
    • Contact for pricing
      0.28 Acres

      Residential Lot in Waycross, GA

      Residential lot available for new home construction.
      801 Bertha St, Waycross, GA 31503
      View Details
    • Contact for pricing
      0.11 Acres

      Residential Land in Waycross, GA

      Affordable homesite ready for new construction in Waycross, Georgia.
      807 Bertha St, Waycross, GA 31503
      View Details
    • $2,105,365
      527.00 Acres

      527 Acres in Ware County

      Expansive acreage for farming, recreation, and a private family compound.
      Banner Rd, Waycross, GA 31503
      View Details
    • $2,751,808
      724.16 Acres

      720 Acres Near Satilla River

      Land with river access, recreational opportunities, and natural beauty.
      Jamestown Rd, Waycross, GA 31503
      View Details

    Similar Nearby for Lease

    • $10,000 /Mo
      2,062 SF

      Turnkey Restaurant Opportunity in Waycross

      Ready-to-go restaurant space in a high-traffic Waycross location.
      1610 S Georgia Pkwy W, Waycross, GA 31503
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space Near Walmart

      Retail space available near Jacksonville Highway and Walmart.
      2445 Memorial Dr, Waycross, GA 31503
      View Details
    • Contact for pricing

      Spacious Warehouse with Ample Parking

      15,000 SF warehouse featuring high ceilings and extensive parking.
      3450 Simmons Dr, Waycross, GA 31503
      View Details
    • Contact for pricing

      Commercial Land Near Walmart

      Land available near Jacksonville Highway with high traffic counts.
      2501 Memorial Dr, Waycross, GA 31503
      View Details
    • Contact for pricing

      Commercial Land Near Walmart

      Land available near Jacksonville Highway, Waycross, GA.
      Morris Rd, Waycross, GA 31503
      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.
    Hatcher Point Rd
    Waycross, GA 31503
    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
    Hatcher Point Rd, Waycross, GA, 31503
    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!