Light Industrial Warehouse
For Sale
$899,900
155 Industrial Way, Fayetteville, GA 30215
Versatile warehouse with +22’ clear height, mezzanine storage, fenced side/rear storage area, and three roll-up doors.
Property Size1,987 SF
Lot Size0.52 Acres
Price / SF$104.40
Days on Market56
Property Features for 155 Industrial Way
General Information
Standard status
Active
Size
1,987 SF
Lot size
0.52 Acres
Property subtype
Other
Zoning
M-1
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Clear Height
22 ft
Amenities
Land Lot: 103, 0.5 acres, Industrial Park, Interior Lot, Level
Metal
Fenced
Public Sewer
Annual Amount: $5,016, Year: 25
Concrete
Office Area Only
Office Only
Cumulative Days on Market: 53, 53 days on market, On Market Date: 2026-07-20
Parking Lot, Paved
Built in 1987, Brick, Steel Siding, Industrial, Warehouse
County: Fayette
Resale
3 Phase Electricity Available, Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Phone Available, Sewer Available, Water Available, Public
Close Of Escrow
Accessible Doors, Accessible Electrical and Environmental Controls, Accessible Entrance, Garage Van Access
Security Gate
Building Details
Building Size
1,987 SF
Year Built
1987
Listing Agency:
Keller Williams Realty Atl. Partners
(770) 632-1112
Listed By:
Dave Edmondson
(770) 241-9948
Source:
Blackstreaminternational
Added: Jul 20
Changed: Sep 13
Last Checked: Sep 13 at 10:45AM
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 light industrial warehouse facility is a 1987-built brick and metal exterior building featuring a reception foyer, a spacious office, and a half bath. Warehouse space includes a mezzanine storage area and ceiling height of +22’ clear. The property is served by three roll-up doors, supporting practical drive-in access for commercial operations.
The site includes a fenced side and rear storage shed area on a 0.52-acre lot. The building is zoned M-1 Light Industrial.
Designed as a flexible commercial warehouse, the layout combines office space with warehouse and mezzanine storage, making it suitable for a range of light industrial uses.
The site includes a fenced side and rear storage shed area on a 0.52-acre lot. The building is zoned M-1 Light Industrial.
Designed as a flexible commercial warehouse, the layout combines office space with warehouse and mezzanine storage, making it suitable for a range of light industrial uses.
Key Highlights
- 8620 SF commercial warehouse built in 1987 on a 0.52‑acre lot
- Zoned M‑1 Light Industrial in the Fayetteville area
- Ceiling height of +22' clear with a mezzanine for storage inside the warehouse
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
$63,278
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
7.03%
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%
$1,265,560
$1.3M
Cap Rate 7%
$903,971
$904.0K
Cap Rate 9%
$703,089
$703.1K
Market Conditions
NOI Build-Up for 8,620 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
$81.7K $9.48/SF
− Vacancy
−$7.3K −$0.84/SF
EGI
$74.4K $8.64/SF
− OpEx
−$11.2K −$1.30/SF
NOI
$63.3K $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%
$1,265,560
Cap Rate 7%
$903,971
Cap Rate 9%
$703,089
Alternative Uses
Best Use
Warehouse
$904.0K
$791.0K – $1.05M
NOI $63,278 @ 7.0% cap · market cap 7.03%
Second Best
Industrial
$750.2K
$656.4K – $875.2K
NOI $52,512 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$2.41M
$2.11M – $2.81M
NOI $168,673 @ 7.0% cap · market cap 18.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
22 ft
Clear height
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
349
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile warehouse with +22’ clear height, mezzanine storage, fenced side/rear storage area, and three roll-up doors.
Where is this flex space located?
The property is located at 155 Industrial Way Fayetteville, GA.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 8620 SF commercial warehouse built in 1987 on a 0.52‑acre lot; Zoned M‑1 Light Industrial in the Fayetteville area; Ceiling height of +22' clear with a mezzanine for storage inside the warehouse
