Historic Office
For Sale
$574,900
195 N Jeff Davis Drive, Fayetteville, GA 30214
Commercial Sale, Fayetteville, GA
Property Size2,988 SF
Lot Size1.34 Acres
Price / SF$192.40
Days on Market95
Property Features for 195 N Jeff Davis Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
18
Parking features
Parking Lot
Lot features
City Lot, Level
Directions
From Fayetteville's downtown square go east on Hwy. 54. Turn left on N. Jeff Davis Dr., the property will be down on the Right.
Standard status
Active
APN
052401019
Size
2,988 SF
Lot size
1.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4313
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating), Forced Air
Cooling system
Central Air, Electric, Zoned
Water source
Public
Building Details
Year built
1900
Flooring type
Hardwood, Laminate
Building materials
Concrete
Roof type
Composition
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Robert A Burch · License #294395
(770) 490-9136
Added: Jun 16
Changed: Sep 14
Last Checked: Sep 18 at 11:06AM
MLS# 10788669
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1900 and adapted from a residence for professional use, this approximately 2,988-square-foot office building combines original character with a functional layout. The property includes seven private offices, a conference room, one full bathroom, and two half bathrooms, supporting professional, medical, legal, counseling, and administrative operations.
Set on 1.34 acres at 195 N Jeff Davis Drive, the property is near downtown Fayetteville, Fayette County government offices, restaurants, and retail. Public water and public sewer serve the site, with a parking lot, concrete construction, hardwood and laminate flooring, composition roofing, central air, and zoned electric cooling.
Set on 1.34 acres at 195 N Jeff Davis Drive, the property is near downtown Fayetteville, Fayette County government offices, restaurants, and retail. Public water and public sewer serve the site, with a parking lot, concrete construction, hardwood and laminate flooring, composition roofing, central air, and zoned electric cooling.
Key Highlights
- Approximately 2,988 square feet on 1.34 acres
- Seven private offices plus a conference room
- One full bathroom and two half bathrooms
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
$40,013
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
6.96%
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%
$800,260
$800.3K
Cap Rate 7%
$571,614
$571.6K
Cap Rate 9%
$444,589
$444.6K
Market Conditions
NOI Build-Up for 2,988 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
$71.3K $23.87/SF
− Vacancy
−$18.0K −$6.02/SF
EGI
$53.4K $17.85/SF
− OpEx
−$13.3K −$4.46/SF
NOI
$40.0K $13.39/SF
Area
Fayette County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
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%
$800,260
Cap Rate 7%
$571,614
Cap Rate 9%
$444,589
Alternative Uses
Best Use
Office B
$571.6K
$500.2K – $666.9K
NOI $40,013 @ 7.0% cap · market cap 6.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$835.3K
$730.9K – $974.5K
NOI $58,468 @ 7.0% cap · market cap 10.17%
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
1,307
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
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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?
Office building - Character-rich professional office with private workrooms, meeting space, and convenient access to Fayetteville’s central services and thoroughfares.
Where is this office building located?
The property is located at 195 N Jeff Davis Drive Fayetteville, GA.
What is the asking price?
The asking price for this property is $574,900.
What are key features of this property?
This property features: Approximately 2,988 square feet on 1.34 acres; Seven private offices plus a conference room; One full bathroom and two half bathrooms
