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Property profile & analytics
OFF-MARKET
Office buildings

600 Plant Ave Waycross, GA 31501

Individually Owned 4-yr Hold
Property ID
US22-2308356
Property summary
AI-generated overview

Thanks for your interest in this opportunity. We are selling as a package as shown on this email or we would consider offers on the individual buildings. Excellent Investment Property. All tenants have been at these current locations for many years. 600 Plant Road, Dept of Labor has a brand-new roof along with new electrical, exterior and interior paint, and new HVAC units totaling $200,000-$250,000 in upgrades. Department of Labor occupying the 600 Plant Road location for over 30 years. Diversified Resources Inc is a privately owned corporation providing community-based programs and services are designed to help disabled and older adults remain safely in their homes and delay or prevent nursing home placement. Diversified Resources, Inc. provides specific resources for those individuals and their caregivers that include wellness programs, nutritional support, home and community-based services. Diversified Resource Inc occupy their three buildings for over 15 years. All new awnings on the buildings. Diversified has agreed to renew for 5-year term starting October 1st, 2024. Barnes Health been at their location for over 10 years. They have just renewed for 2-year term with a two-year option. Year 1 rent at $2300/month and year two at $2400/month triple net. Lincare has been at this location for over 10 years. They currently occupy 1650 sq ft and their lease goes through 2025. Waycross Liquidators has just extended their lease is in force until 9/30/2026 at $3600/month. NN on building 1 and has lease term that runs through 5/31/26 at $3600/mo NNN on building 2

Property profile
Verified
Property type Office buildings
UPID US22-2308356
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
  • Department of Labor City Employment Department
  • Waycross Career Center, Georgia Department of Labor Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Timothy Blount · 4 yrs held
Timothy Blount
since 2022
2 recorded transactions
2022
$1.0M
2020
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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