Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    90 Commerce Dr Fayetteville, GA 30214

    Sponsored
    For Sale
    $5,300,000

    Fayetteville, GA Office Park - 100% Occupied

    Property size:
    37,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    404
    This exceptional investment opportunity presents a fully occupied, 37,000 square foot office park situated in Fayetteville, Georgia. The property, known as Commerce Point Office Park, comprises four single-story buildings totaling 33 individual office suites, ranging from 650 to 3,000 square feet. Currently boasting 100% occupancy, the park offers a stable income stream with a Net Operating Income (NOI) of $355,655 and a 6.70% capitalization rate. The asking price is $5,300,000, translating to $143.24 per square foot. Built in 1989, the property sits on a 3.82-acre lot and is zoned C2. Located at 90 Commerce Drive, Fayetteville, GA 30214, this asset benefits from its prime location in one of Georgia's fastest-growing counties, Fayette County, known for its high average household income of $122,014 and its concentration of national and international companies. The ease of management, with minimal operational overhead, further enhances its appeal. Current rents are significantly below market value, presenting a substantial opportunity for increased profitability. The property's consistent 100% occupancy, even during the COVID-19 pandemic, underscores its strong tenant demand and resilience. Its proximity to the Atlanta airport (within 10 minutes) adds to its strategic advantage. This is a rare chance to acquire a well-positioned, high-performing office park with significant upside potential.

    Property Features for 90 Commerce Dr

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    37,000 SF
    Class
    C
    Lot Size
    166,399 SF

    Building Details

    Year Built
    1989
    Buildings
    4
    Stories
    1
    Units
    33

    We can help!

    Listing Contact
    Steve Self
    Steve Self

    Learn more

    Property Insight Report

    HighLights

    • Pro forma annual return on cash investment exceeds 60%.
    • 37,000 SF office park in a rapidly growing Atlanta suburb.
    • Fayette County boasts the 3rd highest average household income in Georgia ($122,014).
    • Pro forma capitalization rate of 10.4% based on market rents.
    • Easy‑to‑manage property with only one part‑time independent contractor.
    • Low vacancy rate: 1.7% for comparable spaces, compared to 5.1% submarket vacancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cornerstone Auto sales ... Used Car Dealer Essential Medical and Mental ... Educational Institution South Atlanta Community ... Presbyterian Church Shirley Home Away ... Group Home Mrs. Stefanie Hughes Marriage Or Relationship Counselor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Fayette
    State
    Georgia
    Longitude
    -84.452217753608
    Latitude
    33.463556486844

    Nearby Similar for Sale

    • $4,500,000
      25,000 SF

      Fayetteville Church, School, or Center

      18.15 acre campus perfect for church, school, or center.
      819 Highway 314, Fayetteville, GA 30214
      View Details
    • $799,000
      6,000 SF

      Fully Leased Fayetteville Commercial Property

      Income-producing commercial property in a high-demand Fayetteville corridor.
      125 Georgia Ave, Fayetteville, GA 30214
      View Details
    • New
      $475,000
      2,077 SF

      Historic Home & Commercial Lot

      Historic 1918 home and commercial lot in downtown Fayetteville.
      125 Fisher Ave, Fayetteville, GA 30214
      View Details
    • New
      $1,195,000
      Pending

      Fayetteville Estate: Endless Possibilities

      Private, gated estate on expansive acreage ready for custom design.
      707 Highway 314, Fayetteville, GA 30214
      View Details
    • $530,000
      5,032 SF

      Fayetteville Commercial Investment Opportunity

      5,032 SF building on 0.65 acres in Fayetteville, GA
      350 N Jeff Davis Dr, Fayetteville, GA 30214
      View Details
    • $7,500,000
      25.90 Acres

      Fayetteville Land Ideal for Development

      25.9 acre tract suitable for church, school, or recreation.
      1305 Highway 54 E, Fayetteville, GA 30214
      View Details
    • $399,900

      Fayetteville Multifamily Investment Opportunity

      Multifamily property in Fayetteville, GA, ideal for homeowners or investors.
      405 Chase Dr, Fayetteville, GA 30214
      View Details
    • $299,900
      1,848 SF

      Fayetteville Office Condo For Sale

      Office condo in Fayetteville, suitable for professional services and investment.
      500 W Lanier Ave, Fayetteville, GA 30214
      View Details
    • $229,900
      1,344 SF

      Fayetteville Office Space For Sale

      Well-designed office space in a desirable Fayetteville office park.
      500 Lanier Ave W, Fayetteville, GA 30214
      View Details
    • $249,900
      1,344 SF

      Fayetteville Office Space For Sale

      Functional office space in a desirable Fayetteville office park.
      500 Lanier Ave W, Fayetteville, GA 30214
      View Details
    • $7,500,000
      25.90 Acres

      Fayetteville Land Ideal for Development

      25.9 acres suitable for church, school, or recreational facility.
      1305 Highway 54 E, Fayetteville, GA 30214
      View Details
    • $279,900
      1,126 SF

      Fayetteville Salon Suites Investment

      Five Suites, Consistent Income, Turnkey
      500 Lanier Ave, Fayetteville, GA 30214
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Fayetteville, GA Office Park - 100% Occupied
    Where is this office property / space located?
    The property is located at 90 Commerce Dr Fayetteville, GA.
    What is the asking price?
    The asking price for this property is $5,300,000.
    What are key features of this property?
    This property features: Pro forma annual return on cash investment exceeds 60%.; 37,000 SF office park in a rapidly growing Atlanta suburb.; Fayette County boasts the 3rd highest average household income in Georgia ($122,014).
    Request Owner's contact information
    90 Commerce Dr Fayetteville, GA 30214
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    90 Commerce Dr
    Fayetteville, GA 30214
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    90 Commerce Dr Fayetteville, GA 30214
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Steve Self
    Steve Self
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.