Mixed-Use Live-Work
For Sale
$465,000
200 Church Street, Fayetteville, GA 30214
Redesigned mixed-use live-work space with durable epoxy flooring and two fully equipped kitchens.
Property Size1,900 SF
Price / SF$137.78
Days on Market34
Property Features for 200 Church Street
General Information
Standard status
Active
Size
1,900 SF
Property subtype
Other
Amenities
0.3 acres, City Lot
Composition
Public Sewer
Annual Amount: $5,525, Year: 2025
Hardwood, Concrete
Central Air
Central
Cumulative Days on Market: 30, 30 days on market, On Market Date: 2026-07-22
Parking Total: 8, Parking Lot
Built in 1900, Brick, Wood Siding, Mixed Use
County: Fayette
Resale
220 Volts, Electricity Available, High Speed Internet, Cable Available, Phone Available, Sewer Available, Water Available, Public
Close Of Escrow
Accessible Entrance, Accessible Hallway(s), Accessible Kitchen, Accessible Full Bath
Fixtures
Building Details
Building Size
1,900 SF
Year Built
1900
Listing Agency:
eXp Realty
(615) 586-0399
Listed By:
Tracy Wiggins
(615) 586-0399
Source:
Blackstreaminternational
Added: Jul 22
Changed: Aug 22
Last Checked: Aug 23 at 8:05AM
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 eXp Realty
Investment Insights
Based on property information with market context.
This mixed-use live-work property has been thoughtfully redesigned with custom IKEA storage systems, designer built-ins, custom closets, durable epoxy concrete flooring, and two fully equipped kitchens. The layout has supported short-term rental and Airbnb use, with the property already generating over $80,000 as described in the seller’s remarks.
Located in the heart of Historic Downtown Fayetteville, the property is positioned within a walkable area near locally owned restaurants, coffee shops, boutiques, parks, community events, and the Historic Downtown Square, with live entertainment at The Ville Amphitheater. The remarks also note that Trilith Studios and Town at Trilith are just minutes away.
The property is presented as flexible for a variety of operating concepts, including office and wellness use, as well as retail and creative studio applications, based on the current improvements and kitchen-equipped functionality.
Located in the heart of Historic Downtown Fayetteville, the property is positioned within a walkable area near locally owned restaurants, coffee shops, boutiques, parks, community events, and the Historic Downtown Square, with live entertainment at The Ville Amphitheater. The remarks also note that Trilith Studios and Town at Trilith are just minutes away.
The property is presented as flexible for a variety of operating concepts, including office and wellness use, as well as retail and creative studio applications, based on the current improvements and kitchen-equipped functionality.
Key Highlights
- 1900‑built mixed‑use live‑work property in Historic Downtown Fayetteville at 200 Church Street
- Redesigned interior with durable epoxy concrete flooring, custom IKEA storage systems, and designer built‑ins
- Includes custom closets and a setup featuring two fully equipped kitchens
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
$41,006
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
8.82%
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%
$820,120
$820.1K
Cap Rate 7%
$585,800
$585.8K
Cap Rate 9%
$455,622
$455.6K
Market Conditions
NOI Build-Up for 3,375 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
$72.9K $21.60/SF
− Vacancy
−$7.3K −$2.16/SF
EGI
$65.6K $19.44/SF
− OpEx
−$24.6K −$7.29/SF
NOI
$41.0K $12.15/SF
Area
Fayette County, GA
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$820,120
Cap Rate 7%
$585,800
Cap Rate 9%
$455,622
Alternative Uses
Best Use
Apartment 5plus
$647.7K
$566.8K – $755.7K
NOI $45,340 @ 7.0% cap · market cap 9.75%
Second Best
Office B
$645.6K
$564.9K – $753.3K
NOI $45,195 @ 7.0% cap · market cap 9.72%
Theoretical Best
Office A
$943.4K
$825.5K – $1.10M
NOI $66,041 @ 7.0% cap · market cap 14.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,629
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?
Live-work space - Redesigned mixed-use live-work space with durable epoxy flooring and two fully equipped kitchens.
Where is this live-work space located?
The property is located at 200 Church Street Fayetteville, GA.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: 1900‑built mixed‑use live‑work property in Historic Downtown Fayetteville at 200 Church Street; Redesigned interior with durable epoxy concrete flooring, custom IKEA storage systems, and designer built‑ins; Includes custom closets and a setup featuring two fully equipped kitchens
