Small Standalone Office
For Sale
$449,000
140 Howard Ln, Fayetteville, GA 30215
For sale office building offering approximately 2,746 square feet in Fayetteville, GA.
Property Size2,746 SF
Price / SF$163.51
Days on Market83
Property Features for 140 Howard Ln
General Information
Standard status
Active
Size
2,746 SF
Taxes and HOA fees
Annual Taxes
$4,666
Listing Agency:
MRB Legacy Realty
(770) 572-4303
Listed By:
Marion Webb · License #80460
(770) 572-4303
Source:
Exprealty
Added: Jun 3
Changed: Aug 23
Last Checked: Aug 22 at 6:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MRB Legacy Realty
Investment Insights
Based on property information with market context.
This for-sale office building is offered as a small standalone option with approximately 2,746 square feet of space.
Located at 140 Howard Lane in Fayetteville, GA 30215.
The Fayetteville office market continues to show demand for limited-inventory small standalone office buildings, with the strongest demand noted for office buildings in the 2,000 to 5,000 square-foot range.
Located at 140 Howard Lane in Fayetteville, GA 30215.
The Fayetteville office market continues to show demand for limited-inventory small standalone office buildings, with the strongest demand noted for office buildings in the 2,000 to 5,000 square-foot range.
Key Highlights
- Office building for sale with approximately 2,746 SF in Fayetteville, GA
- Year built: 2005
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
$36,772
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
8.19%
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%
$735,440
$735.4K
Cap Rate 7%
$525,314
$525.3K
Cap Rate 9%
$408,578
$408.6K
Market Conditions
NOI Build-Up for 2,746 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
$65.5K $23.87/SF
− Vacancy
−$16.5K −$6.02/SF
EGI
$49.0K $17.85/SF
− OpEx
−$12.3K −$4.46/SF
NOI
$36.8K $13.39/SF
Area
Fayette County, GA
Vacancy
25.20%
Lease Rate
$23.87 /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%
$735,440
Cap Rate 7%
$525,314
Cap Rate 9%
$408,578
Alternative Uses
Best Use
Office B
$525.3K
$459.7K – $612.9K
NOI $36,772 @ 7.0% cap · market cap 8.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$767.6K
$671.7K – $895.6K
NOI $53,733 @ 7.0% cap · market cap 11.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
537
Businesses Nearby
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - For sale office building offering approximately 2,746 square feet in Fayetteville, GA.
Where is this office building located?
The property is located at 140 Howard Ln Fayetteville, GA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Office building for sale with approximately 2,746 SF in Fayetteville, GA; Year built: 2005
