Two-Story Office
For Sale
$299,900
500 W Lanier #410, Fayetteville, GA 30214
A reception area, conference room, and multiple private rooms support a range of office layouts.
Property Size2,004 SF
Days on Market12
Property Features for 500 W Lanier #410
General Information
Standard status
Active
Size
2,004 SF
Property subtype
Commercial
Additional Details
HOA Fee
$283
Amenities
0.027 acres, Business Park
Public Sewer
Parcel Number: 052318044, Annual Amount: $2,417, Year: 2024
Central Air
Central
Listing ID: 10858206, Standard Status: Active, MLS Status: New, On market as of 2026-10-02
Parking Lot, Paved
Built in 2004, Construction Materials: Wood Siding
County/Parish: Fayette
Resale
Electricity Available, High Speed Internet, Phone Available, Sewer Available, Water Available, Water Source: Public
Close Of Escrow
Building Details
Building Size
2,004 SF
Year Built
2004
Stories
2
Tenancy
Single
Listing Agency:
Virtual Properties Realty.com
(770) 495-5050
Listed By:
Jennifer Jack · License #395701
(404) 849-5690
Source:
Blackstreaminternational
Added: Oct 2
Changed: Oct 13
Last Checked: Oct 12 at 7:24PM
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 Virtual Properties Realty.com
Investment Insights
Based on property information with market context.
This two-story office condominium in Magnolia Office Park was built in 2004. Its interior includes a reception area, conference room, four windowed corner offices, two interior offices, and additional rooms used for a break area and storage. A kitchenette and accessible bathroom are also part of the space, with crown moulding throughout.
Downtown Fayetteville is within walking distance, with restaurants, a brewery, City Center, and a park among the nearby amenities. The property is part of a professional office park.
Downtown Fayetteville is within walking distance, with restaurants, a brewery, City Center, and a park among the nearby amenities. The property is part of a professional office park.
Key Highlights
- Built in 2004 in Magnolia Office Park
- Four corner offices with windows, plus two interior offices
- Reception area, conference room, break area, and storage rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,836
Cap Rate
8.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$536,720
$536.7K
Cap Rate 7%
$383,371
$383.4K
Cap Rate 9%
$298,178
$298.2K
Market Conditions
NOI Build-Up for 2,004 SF
Gross rent
$47.8K $23.87/SF
− Vacancy
−$12.1K −$6.02/SF
EGI
$35.8K $17.85/SF
− OpEx
−$8.9K −$4.46/SF
NOI
$26.8K $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 Rate 5%
$536,720
Cap Rate 7%
$383,371
Cap Rate 9%
$298,178
Alternative Uses
Best Use
Office B
$383.4K
$335.5K – $447.3K
NOI $26,836 @ 7.0% cap · market cap 8.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$560.2K
$490.2K – $653.6K
NOI $39,214 @ 7.0% cap · market cap 13.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,233
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
Check the figures for this property
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 units - A reception area, conference room, and multiple private rooms support a range of office layouts.
Where is this office units located?
The property is located at 500 W Lanier #410 Fayetteville, GA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Built in 2004 in Magnolia Office Park; Four corner offices with windows, plus two interior offices; Reception area, conference room, break area, and storage rooms
