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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2015 Alice St Waycross, GA 31501-6209

    • Medical offices
    • 3,850 SF
    • 0.67 lot acres
    OFF-MARKET
    Value Estimations
    $310,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-2144485
    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.

    Current Use by Public Records

    • Doctors' Office / Medical Clinic / Family Practice Physician
    • Tri Med Advance Health / Internist / Geriatrician
    • Jenna Williams / General Practitioner / Nurse Practitioner
    • Zarzuela Ric MD / Family Practice Physician

    Property Details for 2015 Alice St

    Year built
    1965
    Construction
    WOOD
    Lot size
    0.67 lot acres
    Property size
    3,850 SF
    Zone code
    UNZONED URBAN
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    WA15-04-018
    APU
    WA1504018

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $280,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $336,000
      Market price range: $218k - $446k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $350,000
      Current use
      COMMERCIAL (GENERAL)
      $385,000
      Change: +11% Conversion: Easy
      OFFICE BUILDING
      $375,000
      Change: +8% Conversion: Easy
      RETAIL STORES
      $375,000
      Change: +8% Conversion: Difficult
      WAREHOUSE, STORAGE
      $290,000
      Change: -17% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $285,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Waycross
    County
    Ware
    State
    Georgia
    Longitude
    -82.3444
    Latitude
    31.2268
    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
    $5,597
    $40,859
    $99,581
    $140,440
    -
    $102,148
    $248,952
    $351,100

    Comparable in this City

    • Value Estimation
      $270,000
      877 SF

      2004 Alice St

      MEDICAL BUILDING • 877 SF
      2004 Alice St, Waycross, GA 31501-6210
      View Details
    • Value Estimation
      $230,000
      2,432 SF

      306 Isabella St

      MEDICAL BUILDING • 2,432 SF
      306 Isabella St, Waycross, GA 31501-3636
      View Details
    • Value Estimation
      $285,000
      3,120 SF

      801 Beacon St

      MEDICAL BUILDING • 3,120 SF
      801 Beacon St, Waycross, GA 31501-7109
      View Details
    • Value Estimation
      $460,000
      8,172 SF

      218 Quarterman St

      MEDICAL BUILDING • 8,172 SF
      218 Quarterman St, Waycross, GA 31501-3547
      View Details
    • Value Estimation
      $335,000
      3,318 SF

      409 Uvalda St

      MEDICAL BUILDING • 3,318 SF
      409 Uvalda St, Waycross, GA 31501-4574
      View Details
    • Value Estimation
      $210,000
      2,078 SF

      307 Pineview Dr

      MEDICAL BUILDING • 2,078 SF
      307 Pineview Dr, Waycross, GA 31501-5229
      View Details

    Similar Nearby for Sale

    • $1,370,000
      5,694 SF

      Waycross Medical Facility For Sale

      5694 SF medical facility with attached ambulatory surgery center.
      2003 Alice St, Waycross, GA 31501
      View Details
    • $214,900
      0.25 Acres

      Waycross Commercial Building for Sale

      12,000 SF commercial building suitable for retail, office, or medical use.
      608 Alice St, Waycross, GA 31501
      View Details
    • Contact for pricing
      1,382 SF

      Waycross Commercial Space For Lease

      Commercial space near courthouse, ideal for office or storage.
      1113 Clifford St, Waycross, GA 31501
      View Details
    • $222,500
      2,625 SF

      Versatile Commercial Property in Waycross

      Adaptable commercial space in the heart of Waycross, Georgia.
      100 Albany Ave, Waycross, GA 31501
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    • $595,000
      15,756 SF

      Downtown Waycross Two-Story Office Building

      Two-story building in downtown Waycross suitable for various commercial uses.
      401 Carswell Ave, Waycross, GA 31501
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    • $3,100,000

      Waycross Office Portfolio: High ROI

      Georgia Office Buildings, 9% Cap Rate
      600 Plant Ave, Waycross, GA 31501
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    Similar Nearby for Lease

    • Contact for pricing
      12,000 SF

      Waycross Medical Office Building

      Prime Medical Office, High Visibility
      0 Tebeau St, Waycross, GA 31501
      View Details
    • Contact for pricing
      41,066 SF

      Office and Retail Space Available

      Office, retail, and restaurant spaces for lease near shopping mall.
      1912 Memorial Dr, Waycross, GA 31501
      View Details
    • Contact for pricing
      51,352 SF

      Waycross Mall Retail Space Available

      High-traffic retail space in Waycross, GA.
      2209 Memorial Dr, Waycross, GA 31501
      View Details
    • Contact for pricing
      3,200 SF

      Retail Space in Waycross, GA

      3,200 SF retail space available for rent.
      1803 Knight Ave, Waycross, GA 31501
      View Details
    • $8 SF/Yr
      2,400 SF

      Retail Space in Waycross, GA

      Retail spaces available for lease in Waycross, Georgia.
      701 Riverside Ave, Waycross, GA 31501
      View Details
    • Contact for pricing
      2,487 SF

      Retail Space Near Starbucks

      2,487 SF retail space available next to Starbucks.
      1908 Memorial Dr, Waycross, GA 31501
      View Details
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    2015 Alice St
    Waycross, GA 31501-6209
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    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
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