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Property profile & analytics
OFF-MARKET
Estimated value
$1,255,000
Turn key restaurants
2330 Memorial Dr Waycross, GA 31501-1007
Entity Owned
~
Est. High Equity
Property ID
US22-2334379
Property summary
AI-generated overview
This exceptional 0.9-acre commercial land parcel presents a remarkable investment opportunity in Waycross, Georgia. Located at 2330 Memorial Dr (US 23), this property boasts a highly desirable location within a thriving retail corridor, directly adjacent to a Lowe's store. The site benefits from excellent visibility and accessibility, featuring a dedicated turn lane with convenient ingress and egress onto Pafford Lake Rd. Daily traffic counts on Memorial Drive exceed 13,000 vehicles, ensuring significant exposure for any commercial development. Across Memorial Drive, a cluster of established retailers including Walmart, Five Below, Dollar Tree, Ross Dress for Less, and Bealls, further enhances the property's strategic position. The property is zoned for commercial use (APN: WA2409 007) and offers significant potential for a variety of commercial ventures. This is a rare opportunity to acquire a prime commercial lot in a high-traffic area with strong existing retail presence. The asking price is $1,250,000.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2001
Total area
10,665 SF
Lot
1.94 ac (84,506 SF)
Zoning code
COMMERCIAL
APN
WA24-09-007
UPID
US22-2334379
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.57M
Blend (final)
Blend
$1.26M
Owner & transaction history
Fresher Brands Waycross LLC
Fresher Brands Waycross LLC
since 2025
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
COMMERCIAL · Waycross, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,275,000
Current use
COMMERCIAL (GENERAL)
$1,070,000
Change: -16% · Conversion: Easy
OFFICE BUILDING
$1,040,000
Change: -18% · Conversion: Moderate
RETAIL STORES
$1,040,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.26M
Range $1.13M – $1.38M · ±10% · vs last sale $1.10M (Dec 24 2025)
Last sale anchor
$1.10M
Dec 24 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
$118 / 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
$17,228
Tax year 2023
Assessed value
$432,305
Assessed 2023
Previous assessed
$432,305
+0.0% YoY
Effective rate
3.99%
On assessed value
Assessed land
$169,012
Assessed improvement
$263,293
Land market value
$422,530
Improvement market value
$658,232
Total market value
$1,080,762
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2001
Heating
CENTRAL
Cooling
CENTRAL
Buildings
4
Total area
10,665 SF
Lot
1.94 ac (84,506 SF)
Zoning code
COMMERCIAL
APN
WA24-09-007
UPID
US22-2334379
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
RESTAURANT Current
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
RETAIL STORES
Est. value
$1.0M
RESTAURANT Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
2001
Heating
CENTRAL
Cooling
Yes
Buildings
4
Lot
1.94 ac
Current owner
From public records · entity-resolved
Fresher Brands Waycross LLC
Entity
Mailing address
2330 PO BOX 817TH DR, WAYCROSS, GA 31502-0817
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 24, 2025
$1,100,000
Fresher Brands Waycross LLC
Vystar Credit Union
Warranty Deed
$825,000 · Primesouth Bank
Jun 3, 2024
—
Vystar Credit Union
Terry W Luke
Quitclaim Deed
related
—
Jun 3, 2024
$2,600,000
Vystar Credit Union
Terry W Luke
Warranty Deed
—
Jan 17, 2023
—
Terry W Luke
—
Deed
related
$10,000,000 · Primesouth Bank
Oct 4, 2022
—
Terry W Luke
—
Deed
related
$102,161 · Primesouth Bank
Oct 21, 2021
—
Terry W Luke
—
Deed
related
$10,000,000 · Primesouth Bank
Aug 27, 2021
—
Terry W Luke
—
Deed
related
$10,000,000 · Primesouth Bank
Sep 30, 2020
$650,000
Terry W Luke
Realty Income Corp
Grant Deed
$795,738 · Primesouth Bk
Oct 25, 2006
—
Realty Income Corp
Fire Mountain Restaurants
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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