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Property profile & analytics
OFF-MARKET
Office Spaces

501 Oneida St Waycross, GA 31501

8,855 SF 1.31 ac lot Built 1988
Property ID
Property summary
AI-generated overview

This exceptional Class A medical office building in Waycross, Georgia presents a compelling sale-leaseback investment opportunity. The property, totaling 8,855 square feet, is situated on a 1.31-acre lot and boasts a 100% occupancy rate with a strong, established tenant: Ankle & Foot Associates. This single-tenant building features a 10-year absolute NNN lease with 2% annual rent bumps, providing predictable cash flow and significant long-term value. The lease includes five (5) five (5) year renewal options, further securing the investment. Built in 1988, the property offers a 7.05% cap rate and a net operating income (NOI) of $124,678, with an asking price of $1,768,488 ($199.72/sq ft). The property's prime location within Waycross's primary healthcare district, near Memorial Satilla Health and other medical practices, ensures strong tenant demand and future growth potential. Its proximity to major retailers like Walmart and Dollar General adds to its strategic appeal. This is a rare opportunity to acquire a stable, high-performing medical office building with a long-term lease and significant upside potential.

Property profile
Verified
Property type Office Spaces
Year built 1988
Total area 8,855 SF
Lot 1.31 ac (57,064 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Lee Hlad, DPM Physician
  • David P. Murphy, DPM Physician
  • Gregory J. Kramer, DPM Physician
  • Ankle & Foot Associates, LLC - Waycross Physician
  • Brian Benson Physician
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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