Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1900 Alma Hwy Waycross, GA 31503-4502
    Property profile & analytics

    1900 Alma Hwy, Waycross, GA 31503-4502

    View on Map
    • Grocery and convenience stores
    • 3,612 SF
    • 0.50 lot acres
    Off-Market
    Property ID
    US22-2951710
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hunt Brothers Pizza / Restaurant
    • Crossway Food Mart / Hunt Brothers Pizza / Gas Station
    • ATM Crossway Food Mart / Atm / Bank
    • Crossway Food Mart (Sunoco) / Grocery & Convenience Store

    Property Details for 1900 Alma Hwy

    Year built
    1972
    Construction
    LIGHT FRAME
    Lot size
    0.50 lot acres
    Zone code
    COMMERCIAL
    Property type
    Grocery and convenience stores
    APN
    036K-01-008
    APU
    036K01008

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 9, 2020 — Shiv Meera LLC — Deed · related $340k · Fnb South
    Mar 23, 2020 — Shiv Meera LLC — Deed · related $355k · Colony Bk
    Nov 14, 2014 $655,000 Shiv Meere LLC Lewis & Raulerson INC Grant Deed —
    — — Shiv Meera LLC — Deed Of Trust · related $355k · Colony Bk
    — — Shiv Meera LLC — Deed Of Trust · related $340k · Fnb South

    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
    -82.3794
    Latitude
    31.2594
    CBSA code
    48180
    CBSA name
    WAYCROSS, GA MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,139
    $2,178
    $71,902
    $74,080
    -
    $5,445
    $179,754
    $185,199

    Comparable in this City

    • Value Estimation by Request
      7,352 SF

      1360 Albany Ave

      GROCERY, SUPERMARKET
      1360 Albany Ave, Waycross, GA 31503-4903
      View Details
    • Value Estimation
      $1,045,000
      11,112 SF

      1736 Georgia Pkwy Ww

      CONVENIENCE STORE (W/FUEL PUMP)
      1736 Georgia Pkwy Ww, Waycross, GA 31503-0147
      View Details
    • Value Estimation by Request
      4,180 SF

      6509 Alma Hwy

      CONVENIENCE STORE (W/FUEL PUMP)
      6509 Alma Hwy, Waycross, GA 31503-4276
      View Details
    • Value Estimation by Request
      161 SF

      2405 Memorial Dr

      CONVENIENCE STORE (W/FUEL PUMP)
      2405 Memorial Dr, Waycross, GA 31503-6337
      View Details
    • Value Estimation by Request
      3,343 SF

      4095 Jamestown Rd

      CONVENIENCE STORE (W/FUEL PUMP)
      4095 Jamestown Rd, Waycross, GA 31503-0201
      View Details
    • Value Estimation by Request
      2,400 SF

      2600 Minnesota Ave

      CONVENIENCE STORE (W/FUEL PUMP)
      2600 Minnesota Ave, Waycross, GA 31503-8254
      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
    • $595,000
      4.00 Acres

      Prime Commercial Land Available

      4+/- acre commercial land on a heavily traveled corridor.
      1630 South Georgia Pkwy, Waycross, GA 31503
      View Details
    • $500,000
      3.50 Acres

      Prime Commercial Land on Highway

      3.5 acre commercial property with high visibility and frontage.
      2840 Brunswick Hwy, Waycross, GA 31503
      View Details
    • $500,000
      3.50 Acres

      Prime Commercial Land on Highway

      3.5 acre commercial property with high visibility and frontage.
      2840 Brunswick Hwy, 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
    • $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

    Similar Nearby for Lease

    • Contact for pricing
      3,200 SF

      Retail Space in Waycross, GA

      3,200 SF retail space available for rent.
      1803 Knight Ave, 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
    • $10,000 /Mo
      2,062 SF

      Turnkey Restaurant Opportunity in Waycross

      Ready-to-go restaurant space in a high-demand area.
      1610 S Georgia Pkwy W, 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.
    1900 Alma Hwy
    Waycross, GA 31503-4502
    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
    1900 Alma Hwy, 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!