Restaurant Space with Grease
For Sale
$850,000
575 Glynn St N, Fayetteville, GA 30214
An existing grease trap, available equipment, and on-site parking support restaurant operations.
Property Size2,000 SF
Price / SF$425
Days on Market9
Property Features for 575 Glynn St N
General Information
Standard status
Active
Size
2,000 SF
Additional Details
Grease Trap
Yes
Building Details
Year Built
1977
Listing Agency:
Atlanta Communities
(404) 908-3077
Listed By:
Akia Shaw · License #381973
Source:
Shortsaleatlanta
Added: Aug 20
Changed: Aug 28
Last Checked: Aug 28 at 12:56PM
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 Atlanta Communities
Investment Insights
Based on property information with market context.
This restaurant property in Fayetteville, GA, includes an existing grease trap, available equipment, and on-site parking. The space is positioned for dine-in, takeout, or fast-casual restaurant use, with the existing improvements allowing an incoming operator to retain or customize the setup.
Located along Highway 85 at 575 Glynn St N, the property benefits from reported daily traffic of over 80,000 cars. The site is also described as being minutes from Riverdale, GA, providing access for commuters and local diners. Built in 1977, the property offers a restaurant-oriented commercial setting with established physical infrastructure.
Located along Highway 85 at 575 Glynn St N, the property benefits from reported daily traffic of over 80,000 cars. The site is also described as being minutes from Riverdale, GA, providing access for commuters and local diners. Built in 1977, the property offers a restaurant-oriented commercial setting with established physical infrastructure.
Key Highlights
- Existing grease trap supports restaurant operations
- Available equipment allows retention or customization of the existing setup
- Reported Highway 85 traffic exceeds 80,000 cars daily
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
$25,893
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
3.05%
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%
$517,860
$517.9K
Cap Rate 7%
$369,900
$369.9K
Cap Rate 9%
$287,700
$287.7K
Market Conditions
NOI Build-Up for 2,000 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
$36.0K $18.00/SF
− Vacancy
−$1.5K −$0.74/SF
EGI
$34.5K $17.26/SF
− OpEx
−$8.6K −$4.32/SF
NOI
$25.9K $12.95/SF
Area
Fayette County, GA
Vacancy
4.10%
Lease Rate
$18.00 /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%
$517,860
Cap Rate 7%
$369,900
Cap Rate 9%
$287,700
Alternative Uses
Best Use
Specialty Retail
$369.9K
$323.7K – $431.6K
NOI $25,893 @ 7.0% cap · market cap 3.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$559.1K
$489.2K – $652.3K
NOI $39,135 @ 7.0% cap · market cap 4.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
1,213
Businesses Nearby
270k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Dining 38%
Home Improvements & Furnishings 4%
Office Supplies 4%
Michaels
Shops & Services
27,124 visits/mo
0.3 miles
McDonald's
Dining
24,928 visits/mo
0.2 miles
Ollie's Bargain Outlet
Shops & Services
24,777 visits/mo
0.4 miles
Dollar Tree
Shops & Services
14,248 visits/mo
0.1 miles
Wells Fargo
Shops & Services
12,476 visits/mo
0.0 miles
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Stevi B's Pizza Buffet — 107 Banks Station, Fayetteville, GA 30214
- Tim's Country Cooking — 175 Banks Station, Fayetteville, GA 30214
Frequently Asked Questions
What type of property is this?
Conventional restaurant - An existing grease trap, available equipment, and on-site parking support restaurant operations.
Where is this conventional restaurant located?
The property is located at 575 Glynn St N Fayetteville, GA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Existing grease trap supports restaurant operations; Available equipment allows retention or customization of the existing setup; Reported Highway 85 traffic exceeds 80,000 cars daily
