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Property profile & analytics
FOR LEASE
Community centers
701 Riverside Ave Waycross, GA 31501
Entity Owned
4-yr Hold
Free & Clear
Property ID
US22-2169190
For Lease
1 / 2
$8 SF/Yr
701 Riverside Ave, Waycross, GA 31501
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1988
Total area
60,116 SF
Lot
8.21 ac (357,628 SF)
Zoning code
UNZONED URBAN
APN
WA16-04-135
UPID
US22-2169190
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
-
Rite Aid Photo (Bike/Boat/Book/etc) Store
-
higi Physician
-
Mark S. Faulk, RPh Pharmacy
-
Direct Auto Insurance of Waycross Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$745k
Owner & transaction history
701 Riverside Ave LLC · 4 yrs held
701 Riverside Ave LLC
since 2022
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
UNZONED URBAN · 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
$740,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$745k
Range $671k – $820k · ±10% · vs last sale $750k (Jun 22 2022)
Last sale anchor
$750k
Jun 22 2022
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
$12 / 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
$11,956
Tax year 2023
Assessed value
$450,305
Assessed 2023
Previous assessed
$450,305
+0.0% YoY
Effective rate
2.66%
On assessed value
Assessed land
$160,475
Assessed improvement
$289,830
Land market value
$401,188
Improvement market value
$724,574
Total market value
$1,125,762
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1988
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Total area
60,116 SF
Lot
8.21 ac (357,628 SF)
Zoning code
UNZONED URBAN
APN
WA16-04-135
UPID
US22-2169190
Jurisdiction
WARE
Zoning & alternative use
UNZONED URBAN · Waycross, GA
Zoning 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
Waycross. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Heating
CENTRAL
Cooling
Yes
Buildings
2
Lot
8.21 ac
Current owner
From public records · entity-resolved
701 Riverside Ave LLC
Entity
Free & Clear · 4 yrs held
Mailing address
530 W THOMAS ST STE A, MILLEDGEVILLE, GA 31061-2744
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 22, 2022
$750,000
701 Riverside Ave LLC
Thomas Street Management LLC
Warranty Deed
—
Apr 24, 2020
$1,150,000
Thomas Street Management LLC
Cornerstone Coml Mtgs|lincolnton Holding LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
—
Feb 5, 2020
—
Lincolnton Holding LLC
—
Deed
related
$1,941,987 · Cornerstone Com'l Mtgs
Apr 26, 2006
$3,000,000
Lincolnton Holding LLC
Hrm Waycross LLC
Deed
—
Feb 10, 2006
$1,200
Bennett Windel
Charlie Mae Green Veans
Deed
—
—
—
Lincolnton Holding LLC
—
Loan Modification
related
$1,941,987 · Cornerstone Com'l Mtgs
—
—
Lincolnton Holding LLC
—
Loan Modification
related
$2,400,000 · Cornerstone Com'l Mtgs
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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