Freestanding Commercial Building on Corner
For Sale
Contact for pricing
326 GA-314, Fayetteville, GA 30214
Modern 4,378 SF commercial building on high-traffic corner lot.
Property Size4,378 SF
Lot Size1.00 Acre
Price / SF$502.51
Days on Market1250
Property Features for 326 GA-314
General Information
Standard status
Active
Size
4,378 SF
Total Parking Spaces
43
Lot size
1.00 Acre
Property subtype
Mixed Use
Zoning
C2/C3
Investment Type
Owner/User
Building Details
Year Built
2001
Year Renovated
2002
Buildings
1
Stories
1
Listing Agency:
Keller Williams Rlty Atl. Part
Listed By:
Christian Swann · License #GA 345777
(770) 412-3126
Source:
Crexi
Added: Apr 5, 2023
Changed: Aug 25
Last Checked: Sep 1 at 6:47PM
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 Keller Williams Rlty Atl. Part
Investment Insights
Based on property information with market context.
This freestanding commercial building, formerly a Bank of America, offers 4,378 square feet of space on a 1-acre lot, with 2 additional adjacent acres available. Constructed in 2001 and renovated in 2002, the property features high ceilings and an open floor plan. Located at the corner of Hwy 314 and New Hope Road, the site benefits from high visibility and traffic counts exceeding 20,000 vehicles per day. It is also near the Fayette Pavilion retail and restaurant district. Zoned C2/C3, the property is suited for retail, office, restaurant, or gas station use. Parking is ample, with a ratio of 9.9 spaces per 1,000 square feet. This property presents a versatile space for various commercial ventures, from retail stores to medical facilities. It is suitable for both startups and established businesses seeking a new location in a vibrant commercial district.
Key Highlights
- High‑visibility corner location on Hwy 314 and New Hope Road with over 20,000 vehicles per day.
- Versatile C2/C3 zoning suitable for retail, office, restaurant, or gas station.
- Ample parking with a ratio of 9.9 per 1,000 square feet.
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
$61,578
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
2.80%
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%
$1,231,560
$1.2M
Cap Rate 7%
$879,686
$879.7K
Cap Rate 9%
$684,200
$684.2K
Market Conditions
NOI Build-Up for 4,378 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
$96.1K $21.96/SF
− Vacancy
−$8.2K −$1.87/SF
EGI
$88.0K $20.09/SF
− OpEx
−$26.4K −$6.03/SF
NOI
$61.6K $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%
$1,231,560
Cap Rate 7%
$879,686
Cap Rate 9%
$684,200
Alternative Uses
Best Use
Retail
$879.7K
$769.7K – $1.03M
NOI $61,578 @ 7.0% cap · market cap 2.80%
Second Best
Specialty Retail
$809.7K
$708.5K – $944.7K
NOI $56,680 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,667 @ 7.0% cap · market cap 3.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
25
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Bank - Modern 4,378 SF commercial building on high-traffic corner lot.
Where is this bank located?
The property is located at 326 GA-314 Fayetteville, GA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: High‑visibility corner location on Hwy 314 and New Hope Road with over 20,000 vehicles per day.; Versatile C2/C3 zoning suitable for retail, office, restaurant, or gas station.; Ample parking with a ratio of 9.9 per 1,000 square feet.
