Office Suite with Reception and
For Sale
$229,900
Pending
902-500 Lanier Ave W, Fayetteville, GA 30214
Office suite with up to four private offices, reception area, common space, kitchen, and ADA restroom.
Property Size1,344 SF
Days on Market193
Property Features for 902-500 Lanier Ave W
General Information
Standard status
Pending
Size
1,344 SF
Taxes and HOA fees
Annual Taxes
$1,854
Listing Agency:
Southern Classic Realtors
(678) 635-8877
Listed By:
Carolyn Schmalenberger
(404) 558-8840
Source:
Exprealty
Added: Feb 28
Changed: Aug 27
Last Checked: Sep 8 at 6:29AM
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 Southern Classic Realtors
Investment Insights
Based on property information with market context.
This office suite offers a versatile layout designed for professional use, with up to four private offices plus a dedicated reception area. Additional space includes a common area suitable for collaboration or a conference setup, along with a fully equipped kitchen for staff convenience. The suite also includes a handicap-accessible restroom.
The property is located within the Fayetteville office park at 902-500 Lanier Ave W, Fayetteville, GA, with ample on-site parking for employees and visitors. The location provides access to major thoroughfares and nearby restaurants and local amenities.
Available for sale, the suite is presented as part of the Fayetteville office park environment, with possible owner financing discussed in the public remarks.
The property is located within the Fayetteville office park at 902-500 Lanier Ave W, Fayetteville, GA, with ample on-site parking for employees and visitors. The location provides access to major thoroughfares and nearby restaurants and local amenities.
Available for sale, the suite is presented as part of the Fayetteville office park environment, with possible owner financing discussed in the public remarks.
Key Highlights
- Office suite in Fayetteville Office Park with space for up to 4 private offices
- Includes a reception area plus a large common area for collaboration or a conference table
- Fully equipped kitchen for staff convenience
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
$17,998
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
7.83%
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%
$359,960
$360.0K
Cap Rate 7%
$257,114
$257.1K
Cap Rate 9%
$199,978
$200.0K
Market Conditions
NOI Build-Up for 1,344 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
$32.1K $23.87/SF
− Vacancy
−$8.1K −$6.02/SF
EGI
$24.0K $17.85/SF
− OpEx
−$6.0K −$4.46/SF
NOI
$18.0K $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 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%
$359,960
Cap Rate 7%
$257,114
Cap Rate 9%
$199,978
Alternative Uses
Best Use
Office B
$257.1K
$225.0K – $300.0K
NOI $17,998 @ 7.0% cap · market cap 7.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$375.7K
$328.7K – $438.3K
NOI $26,299 @ 7.0% cap · market cap 11.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
532
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office suite with up to four private offices, reception area, common space, kitchen, and ADA restroom.
Where is this office units located?
The property is located at 902-500 Lanier Ave W Fayetteville, GA.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Office suite in Fayetteville Office Park with space for up to 4 private offices; Includes a reception area plus a large common area for collaboration or a conference table; Fully equipped kitchen for staff convenience
