Storefront Building with Service
For Sale
$569,000
685 N Jeff Davis Drive, Fayetteville, GA 30214
Commercial Sale, Fayetteville, GA
Property Size1,169 SF
Lot Size0.83 Acres
Price / SF$486.74
Days on Market82
Property Features for 685 N Jeff Davis Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
DMU
Zoning description
Commercial
Parking
25
Standard status
Active
APN
0531 094
Lot size
0.83 Acres
Utilities
Utilities
Cable Available
Heating system
Electric (Heating)
Cooling system
Electric
Building Details
Year built
1978
Floors in Building
1
Flooring type
Carpet, Vinyl
Roof type
Composition
Listing Agency:
Fickling & Company, Inc.
(478) 757-9600
Listed By:
Jenny Howell · License #417599
(478) 803-4114
Added: Jun 22
Changed: Sep 2
Last Checked: Sep 11 at 3:06AM
MLS# 184889
Copyright © 2026 Mid Georgia MLS. 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 1,169-square-foot storefront building was constructed in 1978 and includes two offices, a restroom, and two service windows. The property has vinyl and carpet flooring, electric heating and cooling, a composition roof, and cable available. No kitchen is installed on site. Its 0.83-acre parcel supports the existing commercial improvement and parking-area visibility.
The property sits at the intersection of Highway 85 and Highway 314 in Fayetteville, within an established commercial corridor. Nearby businesses include IHOP, Chick-fil-A, Applebee’s, Tractor Supply, Staples, Krystal, Del Taco, Foot Locker, Food Depot, Walgreens, and Kroger. The building was formerly occupied by Pelican’s Snoballs.
The property sits at the intersection of Highway 85 and Highway 314 in Fayetteville, within an established commercial corridor. Nearby businesses include IHOP, Chick-fil-A, Applebee’s, Tractor Supply, Staples, Krystal, Del Taco, Foot Locker, Food Depot, Walgreens, and Kroger. The building was formerly occupied by Pelican’s Snoballs.
Key Highlights
- 1,169 SF storefront building on a 0.83‑acre parcel
- Two offices, one restroom, and two service windows
- DMU zoning supports the existing commercial property designation
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
$16,442
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
2.89%
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%
$328,840
$328.8K
Cap Rate 7%
$234,886
$234.9K
Cap Rate 9%
$182,689
$182.7K
Market Conditions
NOI Build-Up for 1,169 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
$25.7K $21.96/SF
− Vacancy
−$2.2K −$1.87/SF
EGI
$23.5K $20.09/SF
− OpEx
−$7.0K −$6.03/SF
NOI
$16.4K $14.07/SF
Area
Fayette County, GA
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
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%
$328,840
Cap Rate 7%
$234,886
Cap Rate 9%
$182,689
Alternative Uses
Best Use
Retail
$234.9K
$205.5K – $274.0K
NOI $16,442 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$326.8K
$285.9K – $381.3K
NOI $22,875 @ 7.0% cap · market cap 4.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,093
Businesses Nearby
456k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Shops & Services 28%
Groceries 17%
Home Improvements & Furnishings 2%
Kroger
Groceries
51,522 visits/mo
0.5 miles
Chick-fil-A
Dining
49,051 visits/mo
0.3 miles
McDonald's
Dining
24,928 visits/mo
0.5 miles
Ollie's Bargain Outlet
Shops & Services
24,777 visits/mo
0.2 miles
Food Depot
Groceries
24,647 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - DMU-zoned building with two offices, a restroom, and customer-facing service windows.
Where is this storefront property located?
The property is located at 685 N Jeff Davis Drive Fayetteville, GA.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: 1,169 SF storefront building on a 0.83‑acre parcel; Two offices, one restroom, and two service windows; DMU zoning supports the existing commercial property designation
