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Property profile & analytics
FOR SALE
Warehouses
2023 Memorial Dr Waycross, GA 31501
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US22-2001769
For Sale
1 / 29
$995,000
2023 Memorial Dr, Waycross, GA 31501
View Listing →
Property summary
AI-generated overview
This exceptional 2.44-acre commercial and industrial land parcel, located at 2023 Memorial Drive in Waycross, Georgia (zip code 31501, APN WA2406 002), presents a significant development opportunity. The property boasts high visibility on a main thoroughfare with a daily traffic count of 6,000-8,000 vehicles. Existing structures include a main building exceeding 10,000 square feet, a secondary building of approximately 3,000 square feet, and a large storage building offering over 15,000 square feet of space. A substantial 5,000 square feet of the main building is climate-controlled, with additional air-conditioned areas throughout. The property includes a paved parking lot and is serviced by water and sewer. Its strategic location near major retailers like Walmart, Tractor Supply, Days Inn, Taco Bell, Waycross Mall, and Sonic ensures high traffic and visibility. This property is offered at $1,095,000 and owner financing may be available. This is a rare chance to acquire a substantial commercial property in a thriving area of Waycross, Georgia. Don't miss this opportunity to establish your business in a high-traffic, convenient location.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1968
Total area
5,040 SF
Lot
2.44 ac (106,286 SF)
Zoning code
COMMERCIAL
APN
WA24-06-002
UPID
US22-2001769
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
-
Eagle Pawn Outfitter Inc Discount Store (Bike/Boat/Book/etc) Store
-
Young Transport Services Inc Trucking Company
-
Kelly Ink Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$570k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$588k
Blend (final)
Blend
$635k
Owner & transaction history
Sj Investments Of Jacksonville LLC · 1 yrs held
Sj Investments Of Jacksonville LLC
since 2025
Last sale
$700,000
7 recorded transactions
Zoning & alternative use
COMMERCIAL · Waycross, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$455,000
+140.3%
Office building
$440,000
+131.6%
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
$605,000
ML approach
$570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$455,000
Change: +140% · Conversion: Moderate
OFFICE BUILDING
$440,000
Change: +132% · Conversion: Difficult
Blend value · Realmo final
$635k
Range $572k – $699k · ±10% · vs last sale $700k (Feb 10 2025)
Last sale anchor
$700k
Feb 10 2025
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
$126 / 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
$6,838
Tax year 2023
Assessed value
$171,582
Assessed 2023
Previous assessed
$171,582
+0.0% YoY
Effective rate
3.99%
On assessed value
Assessed land
$85,813
Assessed improvement
$85,769
Land market value
$214,533
Improvement market value
$214,422
Total market value
$428,955
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1968
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Total area
5,040 SF
Lot
2.44 ac (106,286 SF)
Zoning code
COMMERCIAL
APN
WA24-06-002
UPID
US22-2001769
Jurisdiction
WARE
Zoning & alternative use
COMMERCIAL · Waycross, GAZoning COMMERCIAL · permitted uses
COMMERCIAL · 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
RETAIL STORES
Est. value
$455,000
OFFICE BUILDING
Est. value
$440,000
RETAIL STORES
OFFICE BUILDING
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
1968
Heating
CENTRAL
Cooling
Yes
Buildings
3
Lot
2.44 ac
Current owner
From public records · entity-resolved
Sj Investments Of Jacksonville LLC
Entity
Mailing address
2023 MEMORIAL DR, WAYCROSS, GA 31501-0900
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2025
—
Sj Investments Of Jacksonville LLC
Joseph D Nixon
Warranty Deed
$643,701 · Pineland Bank
Feb 10, 2025
$700,000
Joseph D Nixon
Stephen E Young
Warranty Deed
—
Mar 24, 2020
—
Stephen E Young
—
Deed
related
$224,904 · Pineland Bk
Nov 1, 2019
—
Stephen E Young
—
Deed
related
$202,256 · Pineland Bk
Sep 20, 2019
—
Stephen E Young
—
Deed
related
$314,197 · Pinnacle Bk
Apr 20, 2017
—
Stephen E Young
—
Deed
related
$283,270 · Pineland Bk
Jul 2, 2012
$290,000
Stephen E Young
Madray,david L III
Warranty Deed
—
Jun 29, 2012
$290,000
Stephen E Young
Madray,david L III
Grant Deed
$10,000,000 · Primesouth Bank
Mar 15, 2012
—
David L Madray III
Madray,david L JR
Quit Claim Deed
related
—
—
—
Stephen E Young
—
Deed Of Trust
$10,000 · Primesouth Bank
—
—
Stephen E Young
—
Loan Modification
related
$314,197 · Pinnacle Bk
—
—
Stephen E Young
—
Loan Modification
related
$202,256 · Pineland Bk
—
—
Stephen E Young
—
Loan Modification
related
$224,904 · Pineland Bk
—
—
Stephen E Young
—
Deed Of Trust
related
$268,270 · Alma Exchange Bk&tr
—
—
Stephen E Young
—
Loan Modification
related
$283,270 · Pineland Bk
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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