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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    110 Howard Ln Fayetteville, GA 30215-1851

    • Office buildings
    • 3,846 SF
    • 0.35 lot acres
    OFF-MARKET
    Last Sale
    Aug 19, 2024
    $530,000
    Value Estimations
    $505,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0441758
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • CareSouth Health System, Inc. / Home Health Care Service
    • Farmers Insurance - Laurie Ward / Insurance Agency

    Property Details for 110 Howard Ln

    Year built
    1999
    Construction
    FRAME
    Lot size
    0.35 lot acres
    Property size
    3,846 SF
    Zone code
    C OI
    Property type
    Office buildings
    APN
    52218004
    APU
    52218004

    Description

    This exceptional 3,339 square foot office building presents a prime investment opportunity in Fayetteville, Georgia. Located at 110 Howard Ln, this single-story, Class B property boasts a convenient location on the southeast corner of Highway 54 and Gingercake Road, offering excellent visibility and accessibility. Built in 1999, the building features three units currently operating at 100% occupancy, generating an 8.03% net operating income (NOI) in 2023. The asking price is $599,000, translating to $179.40 per square foot. Situated on a 0.35-acre lot, the property is zoned O&I, providing flexibility for various professional uses. This well-maintained building offers a solid return on investment with its prime location and strong occupancy rate. The property's single-story design and ample parking provide convenience for tenants and visitors. This is an ideal acquisition for investors seeking a stable, income-producing asset in a thriving market. Don't miss this chance to own a piece of Fayetteville's commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $455,000
      ML approach
      $460,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $597,000
      Market price range: $441k - $774k
      AI Estimate
      $451,000
      Market price range: $231k - $560k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $550,000
      Current use
      AUTO REPAIR, GARAGE
      $710,000
      Change: +29% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $605,000
      Change: +10% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Fayette
    State
    Georgia
    Longitude
    -84.4843
    Latitude
    33.4477
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,627
    $10,064
    $174,800
    $184,864
    -
    $25,160
    $437,000
    $462,160

    Comparable in this City

    • Value Estimation
      $1,035,000
      5,538 SF

      113 Ebenezer Rd

      OFFICE BUILDING • 5,538 SF
      113 Ebenezer Rd, Fayetteville, GA 30215-4869
      View Details
    • Value Estimation by Request
      2,460 SF

      120 Howard Ln

      OFFICE BUILDING • 2,460 SF
      120 Howard Ln, Fayetteville, GA 30215-1849
      View Details
    • Value Estimation
      $795,000
      5,872 SF

      135 Price Rd

      OFFICE BUILDING • 5,872 SF
      135 Price Rd, Fayetteville, GA 30215-2308
      View Details
    • Value Estimation by Request
      3,500 SF

      205 Bradford Sq

      OFFICE BUILDING • 3,500 SF
      205 Bradford Sq, Fayetteville, GA 30215-1952
      View Details
    • Value Estimation
      $800,000
      5,499 SF

      1205 Hwy 92nd S

      OFFICE BUILDING • 5,499 SF
      1205 Hwy 92nd S, Fayetteville, GA 30215-5434
      View Details
    • Value Estimation
      $705,000
      5,000 SF

      170 Betsill Rd

      OFFICE BUILDING • 5,000 SF
      170 Betsill Rd, Fayetteville, GA 30215-5014
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      55.90 Acres

      Hwy 54 Development Land, Fayetteville, GA

      55.9 Acres, Prime Location, All Utilities
      0 Lester Rd, Fayetteville, GA 30215
      View Details
    • $450,000
      0.41 Acres

      Fayetteville Commercial Land For Sale

      Prime commercial land in Fayetteville, zoned Commercial Office/Industrial.
      105 Howard Ln, Fayetteville, GA 30215
      View Details
    • New
      $675,000
      19.63 Acres

      Fayetteville Pasture Land For Sale

      19.63 acres of pasture land near Fayetteville, Georgia.
      unit Tract#2 19.6 Acres Grant Rd, Fayetteville, GA 30215
      View Details
    • $325,000
      11.81 Acres

      Fayetteville Homesite: 12 Acres

      Private 12-acre homesite in Whitewater school district, Fayetteville, GA.
      11.814 Acres Busbin Rd, Fayetteville, GA 30215
      View Details
    • $155,000
      5.00 Acres

      Fayetteville Land for Residential Development

      5-acre wooded land parcel suitable for residential development.
      5 Acres, Fayetteville, GA 30215
      View Details
    • $289,900
      7.52 Acres

      Fayetteville Land with Acreage

      7.52 acres of land for residential development or hobby farm.
      125 John St, Fayetteville, GA 30215
      View Details
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    110 Howard Ln
    Fayetteville, GA 30215-1851
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    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
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