Two-Story Office
New
For Sale
$299,900
500 W Lanier, Fayetteville, GA 30214
A six-office layout includes reception, conference space, a kitchenette, and an accessible bathroom.
Property Size1,848 SF
Price / SF$162.28
Days on Market6
Property Features for 500 W Lanier
General Information
Standard status
Active
Size
1,848 SF
Additional Details
HOA Fee
$283
Office Units
1
Building Details
Year Built
2004
Stories
2
Tenancy
Single
Listing Agency:
Virtual Properties Realty.com
Listed By:
Jennifer Jack · License #395701
(770) 495-5050
Source:
Eternorealtygroup
Added: Oct 5
Changed: Oct 8
Last Checked: Oct 7 at 3:57PM
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 1,848-square-foot office condo in Magnolia Office Park spans two stories. Its layout includes a reception area, conference room, four windowed corner offices, and two interior offices that can also serve as break or storage rooms. A kitchenette and accessible bathroom are also part of the space. The building dates to 2004, and a tenant is already in place.
Downtown Fayetteville is within walking distance, with restaurants, a brewery, City Center, and a park among the nearby destinations. The property association covers exterior insurance, landscaping, water, and garbage service.
Downtown Fayetteville is within walking distance, with restaurants, a brewery, City Center, and a park among the nearby destinations. The property association covers exterior insurance, landscaping, water, and garbage service.
Key Highlights
- 1,848‑square‑foot office condo in a two‑story building completed in 2004
- Four corner offices with windows, plus two interior offices
- Reception area and conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,747
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,940
$494.9K
Cap Rate 7%
$353,529
$353.5K
Cap Rate 9%
$274,967
$275.0K
Market Conditions
NOI Build-Up for 1,848 SF
Gross rent
$44.1K $23.87/SF
− Vacancy
−$11.1K −$6.02/SF
EGI
$33.0K $17.85/SF
− OpEx
−$8.2K −$4.46/SF
NOI
$24.7K $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%
$494,940
Cap Rate 7%
$353,529
Cap Rate 9%
$274,967
Alternative Uses
Best Use
Office B
$353.5K
$309.3K – $412.5K
NOI $24,747 @ 7.0% cap · market cap 8.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$516.6K
$452.0K – $602.7K
NOI $36,161 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
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
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - A six-office layout includes reception, conference space, a kitchenette, and an accessible bathroom.
Where is this office units located?
The property is located at 500 W Lanier 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: 1,848‑square‑foot office condo in a two‑story building completed in 2004; Four corner offices with windows, plus two interior offices; Reception area and conference room
