Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    500 Lanier Ave Fayetteville, GA 30214

    Sponsored
    For Sale
    $279,900

    Five Suites, Consistent Income, Turnkey

    Property size:
    1,126 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    357
    This exceptional 1,126 square foot commercial property located at 500 W Lanier Avenue Unit 501, Fayetteville, GA, presents a lucrative investment opportunity. Currently configured as five independent salon suites, this turnkey operation boasts a history of consistent leasing activity. Each suite is equipped with a styling chair and hair dryer, contributing to its immediate revenue-generating potential. The property includes two shared sinks and a client restroom, enhancing convenience and functionality. All existing furnishings are included in the listed price of $279,900, minimizing upfront investment costs for the new owner. A space-saving washer and dryer closet adds to the practicality of the layout. The property's versatility allows for potential conversion to other commercial uses, expanding future possibilities. Enjoy a relaxing front porch, perfect for downtime. The monthly HOA fee of $176.24 covers water, trash removal, and exterior maintenance of the complex, simplifying ownership responsibilities. This is a rare chance to acquire a well-established, income-producing property in a desirable location. The consistent lease history and turnkey nature of this business make it an attractive option for both seasoned investors and first-time buyers seeking a low-maintenance, high-return investment.

    Property Features for 500 Lanier Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,126 SF

    Building Details

    Year Built
    2002

    We can help!

    Listing Contact
    Beverly Currie

    Learn more

    Property Insight Report
    Property Profile Location Intelligence

    Current Use by Public Records

    J.Royale Events Event Management Company RW AUTO DEALS ... Used Car Dealer Cars Ahoy Inc Auto Broker ACTS Therapy Speech Pathologist SHROAK SOFTWARES Software Company

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Fayette
    State
    Georgia
    Longitude
    -84.46529
    Latitude
    33.44608

    Nearby Similar for Sale

    • $4,500,000
      25,000 SF

      Fayetteville Church, School, or Center

      18.15 acre campus perfect for church, school, or center.
      819 Highway 314, Fayetteville, GA 30214
      View Details
    • $799,000
      6,000 SF

      Fully Leased Fayetteville Commercial Property

      Income-producing commercial property in a high-demand Fayetteville corridor.
      125 Georgia Ave, Fayetteville, GA 30214
      View Details
    • New
      $1,200,000
      2,070 SF

      Fayetteville Restaurant Space For Sale

      Restaurant-ready space with high visibility and traffic in Fayetteville, GA.
      575 Glynn St N, Fayetteville, GA 30214
      View Details
    • $475,000
      2,077 SF

      Historic Home & Commercial Lot

      Historic 1918 home and commercial lot in downtown Fayetteville.
      125 Fisher Ave, Fayetteville, GA 30214
      View Details
    • $1,195,000
      Pending

      Fayetteville Estate: Endless Possibilities

      Private, gated estate on expansive acreage ready for custom design.
      707 Highway 314, Fayetteville, GA 30214
      View Details
    • $530,000
      5,032 SF

      Fayetteville Commercial Investment Opportunity

      5,032 SF building on 0.65 acres in Fayetteville, GA
      350 N Jeff Davis Dr, Fayetteville, GA 30214
      View Details
    • $7,500,000
      25.90 Acres

      Fayetteville Land Ideal for Development

      25.9 acre tract suitable for church, school, or recreation.
      1305 Highway 54 E, Fayetteville, GA 30214
      View Details
    • $399,900

      Fayetteville Multifamily Investment Opportunity

      Multifamily property in Fayetteville, GA, ideal for homeowners or investors.
      405 Chase Dr, Fayetteville, GA 30214
      View Details
    • $299,900
      1,848 SF

      Fayetteville Office Condo For Sale

      Office condo in Fayetteville, suitable for professional services and investment.
      500 W Lanier Ave, 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 Ave W, Fayetteville, GA 30214
      View Details
    • $249,900
      1,344 SF

      Fayetteville Office Space For Sale

      Functional office space in a desirable Fayetteville office park.
      500 Lanier Ave W, Fayetteville, GA 30214
      View Details
    • $7,500,000
      25.90 Acres

      Fayetteville Land Ideal for Development

      25.9 acres suitable for church, school, or recreational facility.
      1305 Highway 54 E, Fayetteville, GA 30214
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Five Suites, Consistent Income, Turnkey
    Where is this commercial real estate located?
    The property is located at 500 Lanier Ave Fayetteville, GA.
    What is the asking price?
    The asking price for this property is $279,900.
    (678) 432-0391
    Request Owner's contact information
    500 Lanier Ave Fayetteville, GA 30214
    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.
    500 Lanier Ave
    Fayetteville, GA 30214
    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
    500 Lanier Ave Fayetteville, GA 30214
    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

    We can help!
    Listing Contact
    Beverly Currie
    (678) 432-0391
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.