Fully Renovated Live-Work Space with OI
For Sale
$260,000
407 Highway 314, Fayetteville, GA 30214
Commercial Sale, Fayetteville, GA
Property Size1,150 SF
Lot Size1.30 Acres
Price / SF$226.09
Days on Market151
Property Features for 407 Highway 314
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Level
Directions
From Fayetteville, Highway 85 to North on Highway 314, Property on right.
Standard status
Active
APN
0538 041
Size
1,150 SF
Lot size
1.30 Acres
Taxes and HOA fees
Tax Year
25
Tax Annual Amount
1767
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Amenities
screened porch
stone-built grill
fenced back yard
Building Details
Year built
1963
Flooring type
Laminate
Building materials
Concrete
Roof type
Composition
Listing Agency:
Christian Real Estate Group
Listed By:
Dee Christian
(678) 699-4673
Added: Apr 17
Changed: Sep 12
Last Checked: Sep 14 at 12:06AM
MLS# 10736305
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.
Fully renovated live-work space offering flexible OI zoning for residential use or an approved business use. The property includes a new roof, fresh interior and exterior paint, new energy-efficient windows, and new flooring throughout. Major upgrades include a new HVAC system, a new water heater, updated bathrooms, new kitchen appliances, new light fixtures, and new blinds. Electrical updates include a new electrical panel for improved safety and capacity.
Exterior features include a screened porch for outdoor use, plus a stone-built grill. The property sits on about 1.3 acres with a fenced back yard and convenience-oriented driveway access on Highway 314. Public water and a septic tank provide service to the home, with cable available.
Built in 1963 with concrete construction, the home is approximately 1,150 square feet and includes a central electric HVAC setup with central air conditioning. A composition roof and laminate flooring are in place.
Exterior features include a screened porch for outdoor use, plus a stone-built grill. The property sits on about 1.3 acres with a fenced back yard and convenience-oriented driveway access on Highway 314. Public water and a septic tank provide service to the home, with cable available.
Built in 1963 with concrete construction, the home is approximately 1,150 square feet and includes a central electric HVAC setup with central air conditioning. A composition roof and laminate flooring are in place.
Key Highlights
- OI zoning supporting residential or approved business use
- New roof, new HVAC, new windows, fresh interior and exterior paint
- Screened porch plus stone‑built grill
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
$15,449
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
5.94%
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%
$308,980
$309.0K
Cap Rate 7%
$220,700
$220.7K
Cap Rate 9%
$171,656
$171.7K
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
$29.9K $26.04/SF
− Vacancy
−$1.9K −$1.61/SF
EGI
$28.1K $24.43/SF
− OpEx
−$12.6K −$10.99/SF
NOI
$15.4K $13.43/SF
Area
Fayette County, GA
Vacancy
6.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
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%
$308,980
Cap Rate 7%
$220,700
Cap Rate 9%
$171,656
Alternative Uses
Best Use
Apartment 5plus
$220.7K
$193.1K – $257.5K
NOI $15,449 @ 7.0% cap · market cap 5.94%
Second Best
Office B
$220.0K
$192.5K – $256.7K
NOI $15,400 @ 7.0% cap · market cap 5.92%
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
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Open Analytics
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
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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?
Live-work space - Fully renovated live-work space with OI zoning, fenced yard, screened porch, and about 200 feet of road frontage.
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: OI zoning supporting residential or approved business use; New roof, new HVAC, new windows, fresh interior and exterior paint; Screened porch plus stone‑built grill
