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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Office buildings
500 Alice St Waycross, GA 31501-3629
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US22-2284261
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1975
Construction
WOOD
Total area
6,688 SF
Lot
0.29 ac (12,632 SF)
Zoning code
UNZONED URBAN
APN
WA09-02-008
UPID
US22-2284261
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
-
community affairs Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$529k
Blend (final)
Blend
$560k
Owner & transaction history
Je Lott Property INC · 6 yrs held
Je Lott Property INC
since 2019
3 recorded transactions
Zoning & alternative use
UNZONED URBAN · Waycross, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$605,000
+3.8%
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
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
OFFICE BUILDING
$585,000
Current use
RETAIL STORES
$605,000
Change: +4% · Conversion: Moderate
COMMERCIAL (GENERAL)
$470,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$560k
Range $504k – $616k · ±10%
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
$84 / 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
$5,843
Tax year 2023
Assessed value
$127,438
Assessed 2023
Previous assessed
$127,438
+0.0% YoY
Effective rate
4.58%
On assessed value
Assessed land
$12,632
Assessed improvement
$114,806
Land market value
$31,580
Improvement market value
$287,014
Total market value
$318,594
Applied tax rate
22.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1975
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Total area
6,688 SF
Lot
0.29 ac (12,632 SF)
Zoning code
UNZONED URBAN
APN
WA09-02-008
UPID
US22-2284261
Jurisdiction
WARE
Zoning & alternative use
UNZONED URBAN · Waycross, GAZoning UNZONED URBAN · permitted uses
UNZONED URBAN · 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
OFFICE BUILDING Current
Est. value
$585,000
RETAIL STORES
Est. value
$605,000
COMMERCIAL (GENERAL)
Est. value
$470,000
OFFICE BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
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
1975
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Buildings
2
Lot
0.29 ac
Current owner
From public records · entity-resolved
Je Lott Property INC
Entity
Mailing address
PO BOX 606, WAYCROSS, GA 31502-0606
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2019
—
Je Lott Property INC
—
Deed
related
$325,000 · Primesouth Bk
—
—
Je Lott Property INC
—
Deed Of Trust
related
$325,000 · Primesouth Bk
—
—
J E Lott Property INC
—
Deed Of Trust
related
$1,000,000 · First Sthrn 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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