Waycross, GA High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Waycross, Georgia Market population: 14K. Explore income-producing properties with verified cap rates and operating...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Waycross GA Properties: 1.1600%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Waycross GA
Common questions from investors exploring commercial real estate in Waycross GA.
What's the overall investment potential of Waycross, GA, considering its demographics and economy?
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The city's 33.2% poverty rate and $24,779 median household income suggest a challenging market, but the 81.8% health insurance coverage and 17.4-minute average commute time indicate a relatively stable workforce, which could be attractive for investors looking for affordable housing opportunities, particularly in the public administration and educational services sectors.
How does the ethnic diversity and industry mix in Waycross impact real estate demand?
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The city's diverse population, with 40.2% Black, 26.2% White, and 25.5% White Non-Hispanic residents, combined with top industries like public administration, educational services, and manufacturing, suggests a strong demand for housing, especially for workforce-oriented rentals, which could be fueled by the employed population of 4,708 and the relatively low median property value of $66,100.
What are the implications of Waycross' poverty rate and health insurance coverage for tenant quality and rental yields?
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The 33.2% poverty rate is a concern, but the 81.8% health insurance coverage suggests that many residents have access to employment benefits, which could lead to more reliable tenants and stable rental income, particularly in a city with a high renters' rate of 52.7% and a relatively low median property taxes of $3,208.
How do commute times and transportation methods in Waycross affect the quality of life and attractiveness to investors?
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The average commute time of 17.4 minutes and top commute methods of driving alone, carpooling, and working from home indicate a relatively convenient and flexible transportation system, which, combined with the city's ethnic diversity and industry mix, could make Waycross an attractive location for investors seeking to capitalize on the demand for affordable and convenient housing, especially in areas with easy access to public administration and educational services.
What role do the GINI coefficient and median household income play in assessing market stability and potential for real estate investment in Waycross?
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The GINI coefficient of 0.475 and median household income of $24,779 suggest a significant income inequality and relatively low purchasing power, but the 47.3% homeownership rate and $66,100 median property value indicate a potential for affordable housing investments, particularly in areas with strong demand from the employed population and stable workforce, which could be driven by the top industries and relatively low commute times.
Waycross GA Real Estate & City Facts
Key facts and real estate information about Waycross GA.
What are some of the best neighborhoods to live in Waycross?
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Some of the best neighborhoods to live in Waycross include Waycross East, known for its stronger market values and newer homes, and Sunnyside, a quiet and friendly area appreciated for its close-knit community and proximity to local amenities. Other desirable areas tend to be in the east parts of the city, while more affordable homes are in the west regions.
What are some fun things to do in Waycross?
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There are plenty of fun things to do in Waycross, including visiting the Okefenokee Swamp Park, exploring the Historic Rail Depot and Train Watching, playing a round of golf at The Lakes Golf Course at Laura S. Walker, and browsing the WayGreen Local Fare Market. You can also visit the Okefenokee Heritage Center, Dixon Memorial Wildlife Management Area, and Southern Forest World Museum.
What is the food scene like in Waycross?
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The food scene in Waycross is diverse and offers a range of options, including seafood at King Claw - Juicy Seafood & Bar, burgers and steaks at Waycross LL Creek, and lively bar scenes at Applebee's. There are also plenty of great food trucks and local eateries to try, and even some international cuisine options like Thai food.
What are the pros and cons of living in Waycross?
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The pros of living in Waycross include its peaceful and close-knit community, proximity to local amenities, and a range of outdoor activities to enjoy. However, some cons include a higher poverty rate and lower median household income compared to other cities. Additionally, the city's remote location may make it difficult to access certain services or amenities.
Is Waycross a good place to live?
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Waycross can be a good place to live for those who value a peaceful and close-knit community, outdoor activities, and a range of local amenities. While it may have its challenges, the city has a lot to offer, including a rich history, natural beauty, and a strong sense of community. Ultimately, whether Waycross is a good place to live depends on your individual priorities and preferences.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Waycross GA Commercial Property: $24,779
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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