Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Fayetteville Office Condo For Sale Title is generated by Realmo AI

    500 W Lanier, Fayetteville, GA 30214

    View on Map
    Claim this Listing
    For Sale
    $299,900

    COMMERCIAL - Fayetteville, GA

    Type:Office
    Property size:
    1,848 SF
    Lot size:
    0.03 Acres
    Price / SF:
    $162/SF
    Added:
    Sep 22, 2025
    Days on Market:
    247
    Last Refresh:
    May 26 at 7:06 am

    Property Features for 500 W Lanier

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    052318044
    Size
    1,848 SF
    Lot size
    0.03 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    2417

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2004
    Building materials
    Wood Siding

    We can help!

    Listing Contact
    Jennifer Jack

    Listing agent Jennifer Jack

    Listing office Virtual Properties Realty.com 2750 Premiere Pkwy, Ste. 200, Duluth, GA

    Listing date Sep 22, 2025

    MLS# 10611181

    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.

    HighLights

    • Prime location in the heart of Fayetteville, within walking distance of downtown amenities.
    • Ideal for professional services, IT, accounting, education, consulting, and law offices.
    • Uniquely designed with beautiful crown moulding throughout.
    • Includes a reception area, conference room, 4 corner offices with windows, 2 interior offices/break room/storage rooms, kitchenette, and accessible bathroom.
    • Investor opportunity: easily rents for $2200 per month.
    • Property Owners Association (POA) covers exterior insurance, landscaping, water, and garbage.

    Overview

    Located in Magnolia Office Park, this two-story office condo in Fayetteville, Georgia, is suitable for professional services such as IT, accounting, education, consulting, and law offices. The 1848-square-foot condo features crown molding throughout, a reception area, a conference room, four corner offices with windows, and two interior offices that can serve as break rooms or storage. It also includes a small kitchenette and an accessible bathroom. The property is within walking distance of downtown Fayetteville, which offers restaurants, a brewery, a park, and other amenities. The Property Owner's Association (POA) fee is $283 per month, covering exterior insurance, landscaping, water, and garbage services. The property, situated on a 0.027-acre lot, is located in Fayette County. The condo is suitable as an investment property and can be rented for $2200 per month.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $275.0K
    NOI $24,747 @ 9.00% cap · cautious / downside scenario
    Moderate
    $353.5K
    NOI $24,747 @ 7.00% cap · market / base-case scenario
    Aggressive
    $494.9K
    NOI $24,747 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Office B

    Component $ $/SF
    Gross rent $44.1k $23.87
    − Vacancy −$11.1k −$6.02
    EGI $33.0k $17.85
    − OpEx −$8.2k −$4.46
    NOI $24.7k $13.39
    1,848 SF · lease $23.87/SF/yr · vacancy 25.20% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $353.5K
    $309.3K – $412.5K (±1% cap)
    NOI $24,747 @ 7.0% cap · market cap 8.25%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $516.6K
    $452.0K – $602.7K (±1% cap)
    NOI $36,161 @ 7.0% cap · market cap 12.06%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    J.Royale Events Marketing & Advertising RW AUTO DEALS ... Car Dealership Cars Ahoy Inc Car Dealership ACTS Therapy Physician SHROAK SOFTWARES (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Fayette
    State
    Georgia
    Longitude
    -84.464742
    Latitude
    33.446898

    Nearby Similar for Sale

    • $534,000
      6,400 SF

      Fayetteville Self-Storage Facility For Sale

      Self-storage facility with outdoor parking and expansion potential.
      127 Commerce Street, Fayetteville, GA 30214
      View Details
    • $850,000
      2,000 SF

      Restaurant Space in Fayetteville, GA

      High-visibility restaurant space with existing infrastructure and ample parking.
      575 Glynn Street N, Fayetteville, GA 30214
      View Details
    • $850,000
      2,070 SF

      Fayetteville Restaurant Space For Sale

      Restaurant-ready space with high visibility and traffic in Fayetteville, GA.
      575 Glynn Street N, Fayetteville, GA 30214
      View Details
    • $530,000
      5,032 SF

      Fayetteville Commercial Investment Opportunity

      5,082 SF building on 0.65 acres in Fayetteville, GA.
      350 N Jeff Davis Drive, Fayetteville, GA 30214
      View Details
    • $229,900
      1,344 SF

      Fayetteville Office Space For Sale

      Well-designed office space in a desirable Fayetteville office park.
      500 Lanier Avenue W, Fayetteville, GA 30214
      View Details
    • $4,500,000
      25,000 SF

      Fayetteville Church and Community Center

      Expansive campus with church, parsonage, gym, and outdoor amenities.
      819 Highway 314, Fayetteville, GA 30214
      View Details
    • $7,500,000

      Fayetteville Land Ideal for Development

      25.9 acres suitable for church, school, or recreational facility.
      1305 & 1307 Hwy 54 E, Fayetteville, GA 30214
      View Details
    • Contact for pricing

      Pollo Campero Ground Lease Opportunity

      New construction Pollo Campero ground lease in Fayetteville, Georgia.
      1373 Highway 85 N, Fayetteville, GA 30214
      View Details
    • Contact for pricing
      11,000 SF

      Fayetteville Industrial Flex Space

      11,000 SF industrial flex space in Fayetteville, GA for sale.
      225 Promenade Pkwy, Fayetteville, GA 30214
      View Details
    • Contact for pricing
      11,000 SF

      Fayetteville Industrial Flex Space

      11,000 SF industrial flex space for sale in Fayetteville.
      225 Promenade Pkwy, Fayetteville, GA 30214
      View Details
    • $975,000
      7,460 SF

      Fayetteville Retail Investment Opportunity

      Retail space for sale in a dynamic Fayetteville neighborhood.
      400 Stonewall Ave W, Fayetteville, GA 30214
      View Details
    • $2,259,328
      3,530 SF

      Fayetteville Retail Space Available

      Retail space with over 18 years remaining on lease.
      1150 Glynn St N, Fayetteville, GA 30214
      View Details

    FAQs

    What type of property is this?
    Office units - Office condo in Fayetteville, suitable for professional services and investment.
    Where is this office units located?
    The property is located at 500 W Lanier Fayetteville, GA.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: Prime location in the heart of Fayetteville, within walking distance of downtown amenities.; Ideal for professional services, IT, accounting, education, consulting, and law offices.; Uniquely designed with beautiful crown moulding throughout.
    (404) 849-5690
    We can help!
    Listing Contact
    Jennifer Jack
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    500 W Lanier, Fayetteville, GA 30214
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!