Retail Space on Highway
For Sale
Contact for pricing
1971 Hwy 54 W, Fayetteville, GA 30214
6,897 SF retail space with highway visibility.
Property Size6,897 SF
Price / SF$188.49
Days on Market2572
Property Features for 1971 Hwy 54 W
General Information
Standard status
Active
Size
6,897 SF
Property subtype
Retail
Zoning
CH
Occupancy
100%
Lease Type
NNN
Building Details
Year Built
1978
Tenancy
Single
Listing Agency:
Randolph Williams
(770) 632-4000
Listed By:
Brent Randolph · License #GA 244669
Source:
Crexi
Added: Aug 8, 2019
Changed: Aug 11
Last Checked: Aug 21 at 11:32AM
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 Randolph Williams
Investment Insights
Based on property information with market context.
Approximately 6,897 square feet of retail space is available, divided between two buildings. Building 100 offers 3,433 square feet, while Building 200 provides 3,464 square feet. Constructed in 1978, the property benefits from high visibility and easy access from Highway 54. The location is near a Publix supermarket and offers convenient access to numerous restaurants, shops, and banks. Zoned GC - General Commercial, the property experiences traffic of over 25,155 vehicles per day, making it an excellent location for retail or office use.
Key Highlights
- High Visibility and Easy Access from Highway 54
- +/- 6,897 SF Available across two buildings: 3,433 SF & 3,464 SF
- Excellent Retail or Office Location
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
$97,009
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
7.46%
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%
$1,940,180
$1.9M
Cap Rate 7%
$1,385,843
$1.4M
Cap Rate 9%
$1,077,878
$1.1M
Market Conditions
NOI Build-Up for 6,897 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
$151.5K $21.96/SF
− Vacancy
−$12.9K −$1.87/SF
EGI
$138.6K $20.09/SF
− OpEx
−$41.6K −$6.03/SF
NOI
$97.0K $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%
$1,940,180
Cap Rate 7%
$1,385,843
Cap Rate 9%
$1,077,878
Alternative Uses
Best Use
Retail
$1.39M
$1.21M – $1.62M
NOI $97,009 @ 7.0% cap · market cap 7.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $134,958 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
183
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
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Frequently Asked Questions
What type of property is this?
Retail space - 6,897 SF retail space with highway visibility.
Where is this retail space located?
The property is located at 1971 Hwy 54 W Fayetteville, GA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: High Visibility and Easy Access from Highway 54; +/- 6,897 SF Available across two buildings: 3,433 SF & 3,464 SF; Excellent Retail or Office Location
