6.3 Acres of
For Sale
$399,000
150 Old Hwy 138, Fayetteville, GA 30214
6.3 acres of land available for sale.
Property Size1,700 SF
Lot Size6.30 Acres
Price / SF$234.71
Days on Market198
Property Features for 150 Old Hwy 138
General Information
Standard status
Active
Size
1,700 SF
Lot size
6.30 Acres
Property subtype
Land/Lot
Listing Agency:
Atlanta Communities
Listed By:
Cristi Palmer · License #369204
(404) 642-1387
Source:
Middlegeorgiahomeguide
Added: Mar 27
Changed: Oct 1
Last Checked: Oct 9 at 7:56PM
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 Atlanta Communities
Investment Insights
Based on property information with market context.
This property features 6.3 acres of land. The property size is 1700 square feet. It is classified as land, mixed-use, residential income, and office property, as well as other land, mixed-use, residential income, and office property types. The property is for sale.
Key Highlights
- 6.3 acres of land
- Built in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,838
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$456,760
$456.8K
Cap Rate 7%
$326,257
$326.3K
Cap Rate 9%
$253,756
$253.8K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$44.3K $26.04/SF
− Vacancy
−$2.7K −$1.61/SF
EGI
$41.5K $24.43/SF
− OpEx
−$18.7K −$10.99/SF
NOI
$22.8K $13.43/SF
Area
Fayette County, GA
Vacancy
6.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$456,760
Cap Rate 7%
$326,257
Cap Rate 9%
$253,756
Alternative Uses
Best Use
Apartment 5plus
$326.3K
$285.5K – $380.6K
NOI $22,838 @ 7.0% cap · market cap 5.72%
Second Best
Office B
$325.2K
$284.6K – $379.4K
NOI $22,765 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$475.2K
$415.8K – $554.4K
NOI $33,265 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
183
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Land - 6.3 acres of land available for sale.
Where is this land located?
The property is located at 150 Old Hwy 138 Fayetteville, GA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 6.3 acres of land; Built in 1950
