6.3 Acres of
For Sale
Contact for pricing
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$250
Days on Market171
Property Features for 150 Old Hwy 138
General Information
Standard status
Active
Size
1,700 SF
Lot size
6.30 Acres
Property subtype
Land, Mixed Use, Multifamily, Office
Zoning
SFR
Investment Type
Owner/User
Building Details
Year Built
1950
Buildings
2
Listing Agency:
Atlanta Communities
(404) 642-1387
Listed By:
Cristi Palmer · License #GA 369204
Source:
Crexi
Added: Mar 5
Changed: Aug 16
Last Checked: Aug 23 at 7:36AM
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 = 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
$22,838
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
5.37%
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%
$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
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
$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 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%
$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 5.37%
Second Best
Office B
$325.2K
$284.6K – $379.4K
NOI $22,765 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$475.2K
$415.8K – $554.4K
NOI $33,265 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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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 $425,000.
What are key features of this property?
This property features: 6.3 acres of land; Built in 1950
