Office Unit with Private
For Sale
$229,900
Pending
500 Lanier Avenue W, Fayetteville, GA 30214
Commercial Sale, Fayetteville, GA
Property Size1,344 SF
Days on Market185
Property Features for 500 Lanier Avenue W
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
10
Parking features
On Street
Lot features
Business Park, Interior Lot
Directions
Hwy 54 East turn on Braxton Court (at the Welcome to Fayetteville Sign) then the office is straight back.
Standard status
Pending
APN
052318055
Size
1,344 SF
Taxes and HOA fees
Tax Year
24
Tax Annual Amount
1854
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Electric, Central Air
Water source
Public
Amenities
private offices
reception area
common area
kitchen
handicap-accessible restroom
Building Details
Year built
2006
Flooring type
Carpet
Building materials
Wood Siding
Roof type
Composition
Listing Agency:
Southern Classic Realtors
(678) 635-8877
Listed By:
Carolyn Schmalenberger
(404) 558-8840
Added: Feb 28
Changed: Aug 19
Last Checked: Sep 1 at 7:06PM
MLS# 10700599
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.
This 1,344-square-foot office unit, built in 2006, offers a practical layout for professional operations. The suite includes up to 4 private offices, a reception area, a common space that can accommodate collaborative work or a conference table, a kitchen, and an ADA-accessible restroom. Carpet flooring, central heating, and central air conditioning are in place.
The property is located at 500 Lanier Avenue W in Fayetteville, Georgia. Public water and public sewer serve the property. Parking is provided on street, while wood siding and a composition roof complete the building’s exterior features.
The property is located at 500 Lanier Avenue W in Fayetteville, Georgia. Public water and public sewer serve the property. Parking is provided on street, while wood siding and a composition roof complete the building’s exterior features.
Key Highlights
- 1,344 SF office unit with up to 4 private offices
- Reception area plus common space for collaboration or a conference table
- Kitchen and ADA‑accessible restroom
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
$17,998
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
7.83%
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%
$359,960
$360.0K
Cap Rate 7%
$257,114
$257.1K
Cap Rate 9%
$199,978
$200.0K
Market Conditions
NOI Build-Up for 1,344 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
$32.1K $23.87/SF
− Vacancy
−$8.1K −$6.02/SF
EGI
$24.0K $17.85/SF
− OpEx
−$6.0K −$4.46/SF
NOI
$18.0K $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%
$359,960
Cap Rate 7%
$257,114
Cap Rate 9%
$199,978
Alternative Uses
Best Use
Office B
$257.1K
$225.0K – $300.0K
NOI $17,998 @ 7.0% cap · market cap 7.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$375.7K
$328.7K – $438.3K
NOI $26,299 @ 7.0% cap · market cap 11.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,331
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?
Office units - Professional office suite with reception, collaborative workspace, kitchen, and an ADA-accessible restroom.
Where is this office units located?
The property is located at 500 Lanier Avenue W Fayetteville, GA.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: 1,344 SF office unit with up to 4 private offices; Reception area plus common space for collaboration or a conference table; Kitchen and ADA‑accessible restroom
