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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Grocery and convenience stores
4397 Albany Ave Waycross, GA 31503-0693
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US22-3216267
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Year built
1986
Construction
CONCRETE
Total area
4,720 SF
Lot
1.32 ac (57,499 SF)
Zoning code
RURAL
APN
049-01-030
UPID
US22-3216267
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
$710k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$700k
Owner & transaction history
Jay Jay Raja Ranchhold Rai INC · 3 yrs held
Jay Jay Raja Ranchhold Rai INC
since 2023
Last sale
$700,000
5 recorded transactions
Zoning & alternative use
RURAL · Waycross, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$620,000
+33.2%
Office building
$590,000
+27.0%
Commercial (general)
$565,000
+20.8%
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
$700,000
ML approach
$710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE STATION (FULL SERVICE)
$465,000
Current use
RETAIL STORES
$620,000
Change: +33% · Conversion: Difficult
OFFICE BUILDING
$590,000
Change: +27% · Conversion: Difficult
COMMERCIAL (GENERAL)
$565,000
Change: +21% · Conversion: Difficult
MEDICAL BUILDING
$425,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $700k (Feb 1 2023)
Last sale anchor
$700k
Feb 1 2023
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
$148 / 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
$2,223
Tax year 2023
Assessed value
$76,998
Assessed 2023
Previous assessed
$76,998
+0.0% YoY
Effective rate
2.89%
On assessed value
Assessed land
$2,640
Assessed improvement
$74,358
Land market value
$6,600
Improvement market value
$185,895
Total market value
$192,495
Applied tax rate
1.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Status
Off-Market
Year built
1986
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
4
Total area
4,720 SF
Lot
1.32 ac (57,499 SF)
Zoning code
RURAL
APN
049-01-030
UPID
US22-3216267
Jurisdiction
WARE
Zoning & alternative use
RURAL · Waycross, GAZoning RURAL · permitted uses
RURAL · 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
SERVICE STATION (FULL SERVICE) Current
Est. value
$465,000
RETAIL STORES
Est. value
$620,000
OFFICE BUILDING
Est. value
$590,000
COMMERCIAL (GENERAL)
Est. value
$565,000
MEDICAL BUILDING
Est. value
$425,000
SERVICE STATION (FULL SERVICE) Current
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL 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
1986
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Buildings
4
Lot
1.32 ac
Current owner
From public records · entity-resolved
Jay Jay Raja Ranchhold Rai INC
Entity
Mailing address
4397 ALBANY AVE, WAYCROSS, GA 31503-0693
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2023
$700,000
Jay Jay Raja Ranchhold Rai INC
Stacey M Rouse
Warranty Deed
$650,000 · Fnb South Alma
Jan 13, 2020
—
Sandra D Rouse
Robert M Rouse
Quit Claim Deed
—
Dec 16, 2014
—
Linda A Rouse
Rouse,mickey
Quit Claim Deed
related
—
Aug 12, 2008
$3,900
Mickey Rouse
Glynn D Rouse
Deed
related
—
Aug 8, 2008
$1,700
Mickey Rouse
Lindon R Rouse
Deed
related
—
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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