Flex Space with Rear Roll-Up
For Sale
$269,500
500 W Lanier Avenue #708, Fayetteville, GA 30214
Two private offices, a reception area, and conditioned warehouse space support a mix of administrative work and storage.
Property Size1,176 SF
Price / SF$229.17
Days on Market115
Property Features for 500 W Lanier Avenue #708
General Information
Standard status
Active
Size
1,176 SF
Property subtype
Commercial
Zoning
O-I
Additional Details
Conditioned Warehouse
Yes
Property Use
Office and Warehouse
Taxes and HOA fees
Annual Taxes
$1,470
Building Details
Building Size
1,176 SF
Year Built
2002
Buildings
1
Listed By:
Debbie Conner Smith
(770) 464-0897
Source:
Connersmithrealty
Added: Jul 3
Changed: Oct 23
Last Checked: Oct 23 at 3:30PM
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 Debbie Conner Smith
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Investment Insights
Based on property information with market context.
This 1,176-square-foot flex property at 500 W Lanier Avenue, Suite 708, combines two offices, a reception area, and a half bath with an air-conditioned warehouse area. A roll-up door at the rear provides warehouse access, and the interior has been renovated. The building dates to 2002 and is zoned O-I.
The property is in downtown Fayetteville, with Fayette Piedmont Hospital, Trilith, and the US Soccer National Training Center identified nearby.
The property is in downtown Fayetteville, with Fayette Piedmont Hospital, Trilith, and the US Soccer National Training Center identified nearby.
Key Highlights
- 1,176 square feet with two offices, reception area, and half bath
- Air‑conditioned warehouse area with a rear roll‑up door
- O‑I zoning; built in 2002
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,748
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,960
$315.0K
Cap Rate 7%
$224,971
$225.0K
Cap Rate 9%
$174,978
$175.0K
Market Conditions
NOI Build-Up for 1,176 SF
Gross rent
$28.1K $23.87/SF
− Vacancy
−$7.1K −$6.02/SF
EGI
$21.0K $17.85/SF
− OpEx
−$5.2K −$4.46/SF
NOI
$15.7K $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%
$314,960
Cap Rate 7%
$224,971
Cap Rate 9%
$174,978
Alternative Uses
Best Use
Office B
$225.0K
$196.9K – $262.5K
NOI $15,748 @ 7.0% cap · market cap 5.84%
Second Best
Industrial
$102.3K
$89.6K – $119.4K
NOI $7,164 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$328.7K
$287.7K – $383.5K
NOI $23,012 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,233
Businesses Nearby
Balanced
Demand for This Use
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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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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Two private offices, a reception area, and conditioned warehouse space support a mix of administrative work and storage.
Where is this flex space located?
The property is located at 500 W Lanier Avenue #708 Fayetteville, GA.
What is the asking price?
The asking price for this property is $269,500.
What are key features of this property?
This property features: 1,176 square feet with two offices, reception area, and half bath; Air‑conditioned warehouse area with a rear roll‑up door; O‑I zoning; built in 2002
