Renovated Live-Work
For Sale
$260,000
407 Highway 314, Fayetteville, GA 30214
Flexible OI-zoned property combines residential functionality with approved business-use potential and updated building systems.
Property Size1,150 SF
Price / SF$226.09
Days on Market41
Property Features for 407 Highway 314
General Information
Standard status
Active
Size
1,150 SF
Zoning
OI
Additional Details
Road Access
Yes
Amenities
screened porch
stone-built grill
fenced back yard
Building Details
Year Built
1963
Buildings
1
Listing Agency:
Christian Real Estate Group
(678) 699-4673
Listed By:
Dee Christian
Source:
Leagrouprealestate
Added: Jul 21
Changed: Aug 29
Last Checked: Aug 25 at 5:00AM
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 Christian Real Estate Group
Investment Insights
Based on property information with market context.
This 1,150-square-foot live-work property at 407 Highway 314 has undergone extensive renovation while retaining a residential-scale layout. Improvements include a new roof, energy-efficient windows, interior and exterior paint, new flooring, HVAC, water heater, kitchen appliances, electrical panel, lighting, blinds, and updated bathrooms. A screened porch, stone-built grill, and fenced backyard add usable exterior areas.
The property is designated OI zoning and supports residential occupancy or approved business use. It sits on an acre-plus lot with 200 feet of road frontage in Fayetteville, Georgia. Built in 1963, the building offers a renovated setting for an owner-occupant or business user seeking a combined residential and commercial-use format.
The property is designated OI zoning and supports residential occupancy or approved business use. It sits on an acre-plus lot with 200 feet of road frontage in Fayetteville, Georgia. Built in 1963, the building offers a renovated setting for an owner-occupant or business user seeking a combined residential and commercial-use format.
Key Highlights
- 1,150‑square‑foot renovated live‑work property
- OI zoning supports residential or approved business use
- Acre‑plus lot with fenced backyard
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
$15,400
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
5.92%
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%
$308,000
$308.0K
Cap Rate 7%
$220,000
$220.0K
Cap Rate 9%
$171,111
$171.1K
Market Conditions
NOI Build-Up for 1,150 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
$27.5K $23.87/SF
− Vacancy
−$6.9K −$6.02/SF
EGI
$20.5K $17.85/SF
− OpEx
−$5.1K −$4.46/SF
NOI
$15.4K $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%
$308,000
Cap Rate 7%
$220,000
Cap Rate 9%
$171,111
Alternative Uses
Best Use
Office B
$220.0K
$192.5K – $256.7K
NOI $15,400 @ 7.0% cap · market cap 5.92%
Second Best
Mixed Use
$199.6K
$174.7K – $232.9K
NOI $13,973 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$321.5K
$281.3K – $375.1K
NOI $22,503 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
358
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 - Flexible OI-zoned property combines residential functionality with approved business-use potential and updated building systems.
Where is this live-work space located?
The property is located at 407 Highway 314 Fayetteville, GA.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 1,150‑square‑foot renovated live‑work property; OI zoning supports residential or approved business use; Acre‑plus lot with fenced backyard
