Rehabilitated Warehouse
New
For Sale
Contact for pricing
1510 Highway 85 N, Fayetteville, GA 30214
Three buildings combine showroom, warehouse, office, loading, and secured yard functions.
Property Size30,080 SF
Price / SF$149.43
Days on Market7
Property Features for 1510 Highway 85 N
General Information
Standard status
Active
Size
30,080 SF
Class
B
Property subtype
Industrial
Zoning
General Industrial
Investment Type
Owner/User
Building Details
Year Built
1984
Year Renovated
2025
Buildings
3
Tenancy
Multi
Listing Agency:
Keller Williams Rlty Atl. Part
(770) 412-3126
Listed By:
Christian Swann · License #GA 345777
Source:
Crexi
Added: Aug 5
Changed: Aug 11
Last Checked: Aug 11 at 7:04AM
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 Keller Williams Rlty Atl. Part
Investment Insights
Based on property information with market context.
Located at 1510 Highway 85 N in Fayetteville, this warehouse portfolio includes three industrial buildings totaling 30,080 SF across 5.00 acres. Improvements completed during 2024–2025 include a finished two-story showroom, warehouse areas, office space, loading facilities, covered storage, and a fenced truck-parking yard of approximately 1 acre. The property offers 20'8" clear height, 3-phase power, and 24-hour access.
Building A contains an 11,870 SF clear-span warehouse with skylights, mezzanine office pods, and an approximately 1,000 SF office suite. Building B provides 13,910 SF for fabrication and showroom use and is occupied by Showtech Stone Inc.; seller leaseback terms are available for negotiation. Building C contributes 4,300 SF with office space, drive-in and dock loading, and covered storage bays.
The site has approximately 313 feet of frontage on State Route 85 and sits across from Fayette Pavilion, including Home Depot and Target. The corridor carries approximately 30,873 vehicles per day.
Building A contains an 11,870 SF clear-span warehouse with skylights, mezzanine office pods, and an approximately 1,000 SF office suite. Building B provides 13,910 SF for fabrication and showroom use and is occupied by Showtech Stone Inc.; seller leaseback terms are available for negotiation. Building C contributes 4,300 SF with office space, drive-in and dock loading, and covered storage bays.
The site has approximately 313 feet of frontage on State Route 85 and sits across from Fayette Pavilion, including Home Depot and Target. The corridor carries approximately 30,873 vehicles per day.
Key Highlights
- ±30,080 SF across three industrial buildings on ±5.00 acres
- ±313 feet of frontage on State Route 85 with ±30,873 vehicles per day
- Rehabilitation work completed during 2024–2025
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
$220,812
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
4.91%
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%
$4,416,240
$4.4M
Cap Rate 7%
$3,154,457
$3.2M
Cap Rate 9%
$2,453,467
$2.5M
Market Conditions
NOI Build-Up for 30,080 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
$285.2K $9.48/SF
− Vacancy
−$25.4K −$0.84/SF
EGI
$259.8K $8.64/SF
− OpEx
−$39.0K −$1.30/SF
NOI
$220.8K $7.34/SF
Area
Fayette County, GA
Vacancy
8.90%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
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%
$4,416,240
Cap Rate 7%
$3,154,457
Cap Rate 9%
$2,453,467
Alternative Uses
Best Use
Warehouse
$3.15M
$2.76M – $3.68M
NOI $220,812 @ 7.0% cap · market cap 4.91%
Second Best
Industrial
$2.62M
$2.29M – $3.05M
NOI $183,243 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$8.41M
$7.36M – $9.81M
NOI $588,596 @ 7.0% cap · market cap 13.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
Balanced
Demand for This Use
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Three buildings combine showroom, warehouse, office, loading, and secured yard functions.
Where is this warehouse located?
The property is located at 1510 Highway 85 N Fayetteville, GA.
What is the asking price?
The asking price for this property is $4,495,000.
What are key features of this property?
This property features: ±30,080 SF across three industrial buildings on ±5.00 acres; ±313 feet of frontage on State Route 85 with ±30,873 vehicles per day; Rehabilitation work completed during 2024–2025
