Rehabilitated Three-Building Warehouse
For Sale
$4,450,000
1510 Highway 85 N N, Fayetteville, GA 30214
Industrial portfolio with flexible warehouse space, paved outdoor storage, and direct highway frontage in Fayetteville.
Property Size1,984 SF
Lot Size5.00 Acres
Price / SF$147.94
Days on Market35
Property Features for 1510 Highway 85 N N
General Information
Standard status
Active
Size
1,984 SF
Lot size
5.00 Acres
Property subtype
Other
Zoning
I-M2
Site & Location
Highway Access
Yes
Road Access
Yes
Outdoor Storage
Yes
Additional Details
Clear Height
20.7 ft
Amenities
5 acres, Business Park, Industrial Park, Level, Semi Turning Available
Partial
Public Sewer
Annual Amount: $3,862, Year: 2025
Central Air
Central
Cumulative Days on Market: 32, 32 days on market, On Market Date: 2026-07-16
Parking Lot, Paved
Built in 1984
County: Fayette
Industrial Storage, Resale
3 Phase Electricity Available, Electricity Available, High Speed Internet, Sewer Available, Water Available, Public
Negotiable
Building Details
Building Size
1,984 SF
Year Built
1984
Buildings
3
Listing Agency:
Keller Williams Realty Atl. Partners
(770) 412-3126
Listed By:
Christian Swann
(770) 412-3126
Source:
Blackstreaminternational
Added: Jul 16
Changed: Aug 19
Last Checked: Aug 19 at 7:49AM
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 Realty Atl. Partners
Investment Insights
Based on property information with market context.
This warehouse portfolio comprises three separate buildings totaling 30,080 SF on 5.00 acres. Building A offers 11,870 SF with warehouse space, a finished makeready office, bathrooms, LED lighting, 20'8 clear height, and drive-in access. Building B contains 13,910 SF and is occupied by the seller’s operating business, with a formal NNN sale-leaseback available for up to 12 months after closing. Building C contributes 4,300 SF of standalone warehouse space with drive-in access, painted CMU walls, LED lighting, and a finished restroom. Substantial rehabilitation was completed during 2024-2025.
The property includes 1 acre of paved IOS and truck-parking yard, along with 313 feet of frontage on Highway 85. It is located four blocks from the Fayette Pavilion retail corridor, 11.4 miles from Hartsfield-Jackson Atlanta International Airport, and 8.8 miles from I-75 Exit 235. I-M2 General Industrial zoning supports manufacturing, distribution, and outdoor storage uses. The site is in FEMA Zone X, identified as minimal flood risk.
The property includes 1 acre of paved IOS and truck-parking yard, along with 313 feet of frontage on Highway 85. It is located four blocks from the Fayette Pavilion retail corridor, 11.4 miles from Hartsfield-Jackson Atlanta International Airport, and 8.8 miles from I-75 Exit 235. I-M2 General Industrial zoning supports manufacturing, distribution, and outdoor storage uses. The site is in FEMA Zone X, identified as minimal flood risk.
Key Highlights
- 30,080 SF across three separate warehouse buildings on 5.00 acres
- 1 acre of paved IOS and truck‑parking yard
- 313 feet of frontage on Highway 85
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
4.96%
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 4.96%
Second Best
Industrial
$2.62M
$2.29M – $3.05M
NOI $183,243 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$8.41M
$7.36M – $9.81M
NOI $588,596 @ 7.0% cap · market cap 13.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
20 ft
Clear height
Yes
Highway access
Yes
Paved road access
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 - Industrial portfolio with flexible warehouse space, paved outdoor storage, and direct highway frontage in Fayetteville.
Where is this warehouse located?
The property is located at 1510 Highway 85 N N Fayetteville, GA.
What is the asking price?
The asking price for this property is $4,450,000.
What are key features of this property?
This property features: 30,080 SF across three separate warehouse buildings on 5.00 acres; 1 acre of paved IOS and truck‑parking yard; 313 feet of frontage on Highway 85
