Freestanding Storefront with Service
For Sale
$575,000
685 N Jeff Davis Dr, Fayetteville, GA 30214
Compact commercial building with two offices, a restroom, and prominent exterior glazing overlooking the parking area.
Property Size1,169 SF
Price / SF$491.87
Days on Market29
Property Features for 685 N Jeff Davis Dr
General Information
Standard status
Active
Size
1,169 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1978
Buildings
1
Listing Agency:
Fickling & Company, Inc.
(478) 757-9600
Listed By:
Jenny Howell · License #417599
Source:
Leagrouprealestate
Added: Aug 1
Changed: Aug 28
Last Checked: Aug 28 at 8:12PM
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 Fickling & Company, Inc.
Investment Insights
Based on property information with market context.
Built in 1978, this 1,169-square-foot freestanding storefront contains two offices, a restroom, and two service windows. Large exterior glazing faces the parking area and provides clear visibility into the building. The property does not include a kitchen and was formerly operated as a Pelican's Snoballs location.
The building sits at the intersection of Highway 85 and Highway 314 in Fayetteville, within an established commercial corridor. Nearby retail and dining operators include IHOP, Chick-fil-A, Applebee's, Tractor Supply, Staples, Walgreens, Kroger, Food Depot, Krystal, Del Taco, and Foot Locker. Its existing configuration supports consideration for standalone retail, personal services, restaurant, or professional-service use, subject to applicable approvals.
The building sits at the intersection of Highway 85 and Highway 314 in Fayetteville, within an established commercial corridor. Nearby retail and dining operators include IHOP, Chick-fil-A, Applebee's, Tractor Supply, Staples, Walgreens, Kroger, Food Depot, Krystal, Del Taco, and Foot Locker. Its existing configuration supports consideration for standalone retail, personal services, restaurant, or professional-service use, subject to applicable approvals.
Key Highlights
- 1,169 SF freestanding storefront
- Two offices, one restroom, and two service windows
- Large exterior windows face the parking area
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
$16,442
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
2.86%
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%
$328,840
$328.8K
Cap Rate 7%
$234,886
$234.9K
Cap Rate 9%
$182,689
$182.7K
Market Conditions
NOI Build-Up for 1,169 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
$25.7K $21.96/SF
− Vacancy
−$2.2K −$1.87/SF
EGI
$23.5K $20.09/SF
− OpEx
−$7.0K −$6.03/SF
NOI
$16.4K $14.07/SF
Area
Fayette County, GA
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
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%
$328,840
Cap Rate 7%
$234,886
Cap Rate 9%
$182,689
Alternative Uses
Best Use
Retail
$234.9K
$205.5K – $274.0K
NOI $16,442 @ 7.0% cap · market cap 2.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$326.8K
$285.9K – $381.3K
NOI $22,875 @ 7.0% cap · market cap 3.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,093
Businesses Nearby
456k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Shops & Services 28%
Groceries 17%
Home Improvements & Furnishings 2%
Kroger
Groceries
51,522 visits/mo
0.5 miles
Chick-fil-A
Dining
49,051 visits/mo
0.3 miles
McDonald's
Dining
24,928 visits/mo
0.5 miles
Ollie's Bargain Outlet
Shops & Services
24,777 visits/mo
0.2 miles
Food Depot
Groceries
24,647 visits/mo
0.4 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
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Frequently Asked Questions
What type of property is this?
Storefront property - Compact commercial building with two offices, a restroom, and prominent exterior glazing overlooking the parking area.
Where is this storefront property located?
The property is located at 685 N Jeff Davis Dr Fayetteville, GA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 1,169 SF freestanding storefront; Two offices, one restroom, and two service windows; Large exterior windows face the parking area
