Fenced Flex Building With
For Sale
$930,000
155 Industrial Way, Fayetteville, GA 30215
Commercial Sale, Fayetteville, GA
Property Size8,620 SF
Lot Size0.50 Acres
Price / SF$107.89
Days on Market47
Property Features for 155 Industrial Way
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Security features
Security
Fencing
Fenced
Lot features
Industrial Park, Interior Lot, Level
Directions
From Downtown Fayetteville; travel East on Stonewall/East Lanier; make a Right on Jimmy Mayfield Dr.; 1st left on South Jeff Davis; left on Industrial Way; building #155 will be on the right with KW Sign.
Standard status
Active
APN
0524 127
Size
8,620 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
25
Tax Annual Amount
5016
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1987
Flooring type
Concrete
Building materials
Brick, Steel Siding
Roof type
Metal
Listing Agency:
Keller Williams Realty Atl. Partners
(770) 632-1112
Listed By:
Dave Edmondson · License #81845
(770) 241-9948
Added: Jul 20
Changed: Aug 19
Last Checked: Sep 4 at 9:06AM
MLS# 10811945
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 8,620-square-foot flex building was constructed in 1987 on a 0.5-acre lot and carries M-1 Light Industrial zoning. The property combines a reception foyer, private office, half bath, and warehouse area with an interior storage mezzanine. A brick and steel-sided exterior, concrete flooring, metal roof, fenced areas, and a side and rear storage shed provide a practical mix of building and site features.
The warehouse offers more than 22 feet of clear height and is served by three roll-up doors. A parking lot is included, while public water and public sewer serve the property. Cable is available. The configuration supports automotive operations and other commercial uses consistent with the property’s flex and light-industrial profile.
The warehouse offers more than 22 feet of clear height and is served by three roll-up doors. A parking lot is included, while public water and public sewer serve the property. Cable is available. The configuration supports automotive operations and other commercial uses consistent with the property’s flex and light-industrial profile.
Key Highlights
- 8,620‑square‑foot flex building on a 0.5‑acre lot
- M‑1 Light Industrial zoning
- More than 22 feet of clear height
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
$63,278
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
6.80%
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%
$1,265,560
$1.3M
Cap Rate 7%
$903,971
$904.0K
Cap Rate 9%
$703,089
$703.1K
Market Conditions
NOI Build-Up for 8,620 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
$81.7K $9.48/SF
− Vacancy
−$7.3K −$0.84/SF
EGI
$74.4K $8.64/SF
− OpEx
−$11.2K −$1.30/SF
NOI
$63.3K $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%
$1,265,560
Cap Rate 7%
$903,971
Cap Rate 9%
$703,089
Alternative Uses
Best Use
Warehouse
$904.0K
$791.0K – $1.05M
NOI $63,278 @ 7.0% cap · market cap 6.80%
Second Best
Industrial
$750.2K
$656.4K – $875.2K
NOI $52,512 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$2.41M
$2.11M – $2.81M
NOI $168,673 @ 7.0% cap · market cap 18.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
22 ft
Clear height
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
349
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30215, GA
37,330
Population
13,447
Households
2.8
Avg Household Size
43
Median Age
45%
College-Educated
96%
High-School Grad
70.9 sq mi
ZIP Area
527
Density / Sq Mi
$116,435
Median Household Income
$54,176
Median Earnings
$1,813
Median Rent
$378,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - M-1 Light Industrial property with office space, warehouse storage, and multiple roll-up doors.
Where is this flex space located?
The property is located at 155 Industrial Way Fayetteville, GA.
What is the asking price?
The asking price for this property is $930,000.
What are key features of this property?
This property features: 8,620‑square‑foot flex building on a 0.5‑acre lot; M‑1 Light Industrial zoning; More than 22 feet of clear height
