Rehabilitated Industrial Warehouse
For Sale
$4,450,000
1510 Highway 85 N, Fayetteville, GA 30214
Commercial Sale, Fayetteville, GA
Property Size30,080 SF
Lot Size5.00 Acres
Price / SF$147.94
Days on Market58
Property Features for 1510 Highway 85 N
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Lot features
Business Park, Industrial Park, Level, Semi Turning Available
Directions
From I-75 South, take Exit 235 (GA-138 / Jonesboro / Fayetteville). Head west on GA-138 approximately 8 miles into Fayetteville. Turn right (north) onto State Route 85 (N. Highway 85). Property is on the west side of Highway 85, approximately 4 blocks north of Fayette Pavilion (Home Depot / Target). Signage on-site.
Standard status
Active
APN
0545 036
Size
30,080 SF
Lot size
5.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3862
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1984
Additional Structures
Storage
Listing Agency:
Keller Williams Realty Atl. Partners
(770) 632-1112
Listed By:
Christian Swann · License #345777
(770) 412-3126
Added: Jul 16
Changed: Aug 19
Last Checked: Sep 11 at 11:06AM
MLS# 10824694
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This industrial warehouse portfolio comprises three separate buildings totaling 30,080 square feet on 5.00 acres. Building A contains 11,870 square feet with warehouse space, makeready offices, finished bathrooms, LVP flooring, painted walls, LED lighting, a 20'8" clear height, and drive-in access. Building B provides 13,910 square feet and is occupied by the seller’s operating business; a formal NNN sale-leaseback may remain in place for up to 12 months after closing. Building C adds 4,300 square feet of standalone warehouse space with drive-in access, painted CMU walls, LED lighting, and a finished restroom.
The property includes a 1-acre paved IOS and truck-parking yard, along with 313 feet of frontage on Highway 85. It is located 11.4 miles from Hartsfield-Jackson Atlanta International Airport and 8.8 miles from I-75 at Exit 235, with the Fayette Pavilion retail corridor four blocks away. I-M2 General Industrial zoning supports manufacturing, distribution, and outdoor storage uses. Substantial rehabilitation was completed during 2024-2025.
The property includes a 1-acre paved IOS and truck-parking yard, along with 313 feet of frontage on Highway 85. It is located 11.4 miles from Hartsfield-Jackson Atlanta International Airport and 8.8 miles from I-75 at Exit 235, with the Fayette Pavilion retail corridor four blocks away. I-M2 General Industrial zoning supports manufacturing, distribution, and outdoor storage uses. Substantial rehabilitation was completed during 2024-2025.
Key Highlights
- 30,080 SF industrial portfolio across three separate buildings on 5.00 acres
- 1 acre of paved IOS and truck‑parking yard
- 313 feet of Highway 85 frontage with 30,873 VPD
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$220,812
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,416,240
$4.4M
Cap Rate 7%
$3,154,457
$3.2M
Cap Rate 9%
$2,453,467
$2.5M
Market Conditions
NOI Build-Up for 30,080 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$285.2K $9.48/SF
− Vacancy
−$25.4K −$0.84/SF
EGI
$259.8K $8.64/SF
− OpEx
−$39.0K −$1.30/SF
NOI
$220.8K $7.34/SF
Area
Fayette County, GA
Vacancy
8.90%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,416,240
Cap Rate 7%
$3,154,457
Cap Rate 9%
$2,453,467
Alternative Uses
Best Use
Warehouse
$3.15M
$2.76M – $3.68M
NOI $220,812 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.41M
$7.36M – $9.81M
NOI $588,596 @ 7.0% cap · market cap 13.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
614
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30214, GA
32,135
Population
12,680
Households
2.5
Avg Household Size
45
Median Age
37%
College-Educated
92%
High-School Grad
52.7 sq mi
ZIP Area
610
Density / Sq Mi
$87,138
Median Household Income
$48,400
Median Earnings
$1,599
Median Rent
$338,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- self Storage facility — 94 Pavilion Pkwy, Fayetteville, GA 30214
- Tate The Great Moving Company, LLC — 1572 GA-85 #608, Fayetteville, GA 30214
- Storage Xxtra — 1572 GA-85 N, Fayetteville, GA 30214
- Fayetteville Affordable Storage — 1658 GA-85, Fayetteville, GA 30214
Frequently Asked Questions
What type of property is this?
Warehouse - Three-building industrial property with paved outdoor storage, highway frontage, and I-M2 General Industrial zoning.
Where is this warehouse located?
The property is located at 1510 Highway 85 N Fayetteville, GA.
What is the asking price?
The asking price for this property is $4,450,000.
What are key features of this property?
This property features: 30,080 SF industrial portfolio across three separate buildings on 5.00 acres; 1 acre of paved IOS and truck‑parking yard; 313 feet of Highway 85 frontage with 30,873 VPD
