Restaurant Building with Grease
For Sale
$850,000
575 Glynn Street N, Fayetteville, GA 30214
COMMERCIAL - Fayetteville, GA
Property Size2,070 SF
Lot Size0.57 Acres
Price / SF$410.63
Days on Market198
Property Features for 575 Glynn Street N
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Lot features
Level
Directions
GPS
Standard status
Active
APN
053003018
Size
2,070 SF
Lot size
0.57 Acres
Taxes and HOA fees
Tax Year
24
Tax Annual Amount
6639
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1977
Building materials
Brick
Listing Agency:
Atlanta Communities
(404) 844-4977
Listed By:
Akia Shaw · License #381973
(404) 908-3077
Added: Jan 23
Changed: Aug 4
Last Checked: Aug 9 at 10:06PM
MLS# 10678559
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 2,070-square-foot restaurant property occupies 0.57 acres and includes an existing grease trap, available equipment, and a parking lot. The 1977 building has brick construction, central heating, and central air, providing a functional base for continued restaurant use or a customized concept. Public water and public sewer serve the property, with cable available.
Located at 575 Glynn Street N in Fayetteville, Georgia, the property fronts Highway 85 and is reported to see more than 80,000 vehicles per day. Its Fayetteville setting provides access to nearby Riverdale, while on-site parking supports customer and staff convenience. The restaurant layout can accommodate dine-in, takeout, or fast-casual operations.
Located at 575 Glynn Street N in Fayetteville, Georgia, the property fronts Highway 85 and is reported to see more than 80,000 vehicles per day. Its Fayetteville setting provides access to nearby Riverdale, while on-site parking supports customer and staff convenience. The restaurant layout can accommodate dine-in, takeout, or fast-casual operations.
Key Highlights
- 2,070 SF restaurant property on 0.57 acres
- More than 80,000 vehicles pass daily on Highway 85
- Existing grease trap and available restaurant equipment
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
$26,799
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
3.15%
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%
$535,980
$536.0K
Cap Rate 7%
$382,843
$382.8K
Cap Rate 9%
$297,767
$297.8K
Market Conditions
NOI Build-Up for 2,070 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
$37.3K $18.00/SF
− Vacancy
−$1.5K −$0.74/SF
EGI
$35.7K $17.26/SF
− OpEx
−$8.9K −$4.32/SF
NOI
$26.8K $12.95/SF
Area
Fayette County, GA
Vacancy
4.10%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$535,980
Cap Rate 7%
$382,843
Cap Rate 9%
$297,767
Alternative Uses
Best Use
Specialty Retail
$382.8K
$335.0K – $446.7K
NOI $26,799 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$578.6K
$506.3K – $675.1K
NOI $40,505 @ 7.0% cap · market cap 4.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
1,569
Businesses Nearby
166k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 44%
Apparel 2%
Home Improvements & Furnishings 1%
Michaels
Shops & Services
27,124 visits/mo
0.1 miles
McDonald's
Dining
24,928 visits/mo
0.2 miles
Dollar Tree
Shops & Services
14,248 visits/mo
0.5 miles
Wells Fargo
Shops & Services
12,476 visits/mo
0.4 miles
Dunkin' Donuts
Dining
10,008 visits/mo
0.4 miles
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Tim's Country Cooking — 175 Banks Station, Fayetteville, GA 30214
- Stevi B's Pizza Buffet — 107 Banks Station, Fayetteville, GA 30214
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing restaurant infrastructure supports dine-in, takeout, and fast-casual operations.
Where is this conventional restaurant located?
The property is located at 575 Glynn Street N Fayetteville, GA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 2,070 SF restaurant property on 0.57 acres; More than 80,000 vehicles pass daily on Highway 85; Existing grease trap and available restaurant equipment
