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Property profile & analytics
OFF-MARKET Estimated value $750,000
Warehouses

1631 Genoa St Waycross, GA 31501-6707

52,056 SF 3.03 ac lot Built 1964
Individually Owned 13-yr Hold Absentee Owner Free & Clear
Property ID
US22-3430579
Property summary
AI-generated overview

This exceptional 3.03-acre industrial property, located at 1631 Genoa Street in Waycross, Georgia, presents a remarkable investment opportunity. The expansive site encompasses a substantial 52,056 square foot structure, previously utilized as a thriving flea market. This rich history suggests established customer traffic and footfall, providing a strong foundation for a variety of potential uses. The property's size and location in the heart of Waycross offer unparalleled flexibility for entrepreneurs and developers. Imagine transforming this space into a revitalized marketplace, a modern retail complex, or a vibrant community hub. The possibilities are truly limitless. The existing structure provides a solid base for redevelopment or repurposing, offering significant cost savings compared to starting from scratch. This property is being sold in its current "as is" condition, allowing for maximum creative control and customization. With its ample space and strategic location, this property is poised for significant growth and return on investment. The three-acre lot provides ample room for expansion or the addition of complementary structures. This is a rare opportunity to acquire a substantial property in a desirable location with a proven track record of success. Don't miss out on this chance to shape the future of this prime Waycross location.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1964
Construction WOOD
Total area 52,056 SF
Lot 3.03 ac (131,987 SF)
Zoning code INDUSTRIAL
APN WA06-02-057-A
UPID US22-3430579
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$915k
CAP Approach CAP
by Request
Comparable Approach Comparable
$588k
Blend (final) Blend
$750k
Owner & transaction history
Alaeddin Burhan · 13 yrs held
Alaeddin Burhan
since 2012
4 recorded transactions
2012
Price N/A
2012
Price N/A
2008
$60,000
2007
Price N/A
Zoning & alternative use
INDUSTRIAL · Waycross, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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