Office Condo with Corner
For Sale
$299,900
500 W Lanier, Fayetteville, GA 30214
Commercial Sale, Fayetteville, GA
Property Size1,848 SF
Lot Size0.03 Acres
Price / SF$162.28
Days on Market383
Property Features for 500 W Lanier
General Information
Property type
Commercial Sale
Property subtype
Office
Parking features
Parking Lot
Lot features
Business Park
Directions
Just off Hwy 54 at LaFayette Ave.
Standard status
Active
APN
052318044
Size
1,848 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2417
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2004
Building materials
Wood Siding
Listing Agency:
Virtual Properties Realty.com
(770) 495-5050
Listed By:
Jennifer Jack · License #395701
(404) 849-5690
Added: Sep 23, 2025
Changed: Oct 2
Last Checked: Oct 10 at 6:06AM
MLS# 10611181
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 1,848-square-foot office condo spans two stories and was built in 2004. Its layout includes a reception area, conference room, four windowed corner offices, two interior offices, break and storage areas, a kitchenette, and an accessible bathroom. Central heating and air conditioning serve the space, with parking available in a lot.
The property is within walking distance of downtown Fayetteville, where restaurants, a brewery, City Center, and a park are among the nearby amenities. A tenant is already in place.
The property is within walking distance of downtown Fayetteville, where restaurants, a brewery, City Center, and a park are among the nearby amenities. A tenant is already in place.
Key Highlights
- 1,848‑square‑foot office condo in a two‑story configuration
- 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
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
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 two-level professional suite includes a reception area, conference room, windowed offices, and kitchenette.
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 configuration; Four corner offices with windows, plus two interior offices; Reception area and conference room
