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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Medical Office Space
1218 Alice St Waycross, GA 31501-4525
Entity Owned
3-yr Hold
Free & Clear
Property ID
US22-2545820
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1996
Construction
WOOD
Total area
9,172 SF
Lot
0.97 ac (42,253 SF)
Zoning code
UNZONED URBAN
APN
WA15-02-087
UPID
US22-2545820
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
-
Dr. Clay A. Lee, MD Pediatrician Physician
-
Alice R. Taylor, NP Registered General Nurse
-
Wheeler George A MD Pediatrician Physician
-
Georgia Physicians South Medical Clinic
-
Tia George Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$960k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$920k
Owner & transaction history
Viper Waycross II LLC · 3 yrs held
Viper Waycross II LLC
since 2022
Last sale
$925,000
1 recorded transaction
Zoning & alternative use
UNZONED URBAN · Waycross, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+32.3%
Commercial (general)
$920,000
+11.3%
Office building
$895,000
+8.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Waycross submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waycross submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$880,000
ML approach
$960,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$830,000
Current use
RESTAURANT
$1,095,000
Change: +32% · Conversion: Difficult
COMMERCIAL (GENERAL)
$920,000
Change: +11% · Conversion: Easy
OFFICE BUILDING
$895,000
Change: +8% · Conversion: Easy
RETAIL STORES
$895,000
Change: +8% · Conversion: Difficult
WAREHOUSE, STORAGE
$685,000
Change: -17% · Conversion: Difficult
AUTO REPAIR, GARAGE
$675,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±10% · vs last sale $925k (Aug 12 2022)
Last sale anchor
$925k
Aug 12 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$100 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$14,764
Tax year 2023
Assessed value
$424,340
Assessed 2023
Previous assessed
$424,340
+0.0% YoY
Effective rate
3.48%
On assessed value
Assessed land
$59,154
Assessed improvement
$365,186
Land market value
$147,886
Improvement market value
$912,966
Total market value
$1,060,852
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1996
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Total area
9,172 SF
Lot
0.97 ac (42,253 SF)
Zoning code
UNZONED URBAN
APN
WA15-02-087
UPID
US22-2545820
Jurisdiction
WARE
Zoning & alternative use
UNZONED URBAN · Waycross, GAZoning UNZONED URBAN · permitted uses
UNZONED URBAN · Waycross, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$830,000
RESTAURANT
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$920,000
OFFICE BUILDING
Est. value
$895,000
RETAIL STORES
Est. value
$895,000
WAREHOUSE, STORAGE
Est. value
$685,000
AUTO REPAIR, GARAGE
Est. value
$675,000
MEDICAL BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Lot
0.97 ac
Current owner
From public records · entity-resolved
Viper Waycross II LLC
Entity
Free & Clear · 3 yrs held
Mailing address
120 E CARTER AVE N STE #201, BLACKSHEAR, GA 31516-1561
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2022
$925,000
Viper Waycross II LLC
Blackshear Family Practice Building
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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