Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    140 First Manassas Mile Fayetteville, GA 30215
    Back to Search
    Property profile & analytics

    140 First Manassas Mile Fayetteville, GA 30215

    View on Map
    • Commercial real estate
    • 33.00 lot acres
    Off-Market
    Property ID
    US22-4034367
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Ubence Junk Removal / Waste Management Facility

    Property Details for 140 First Manassas Mile

    Lot size
    33.00 lot acres
    Property type
    Commercial real estate

    Description

    Exceptional 33-acre property in Fayetteville, Georgia, is offered at under $1 million. This land parcel, located less than two miles from the Fayette County Courthouse, boasts convenient access to Highways 54, 85, and 92. Currently zoned for both agricultural and residential use, this versatile property presents significant development potential. The land spans both sides of the road and enjoys a strategic location near a commercial office park, a county school, and an industrial zone, with the county transfer station also nearby. Adding to its appeal, the property includes an existing brick home and an auto body shop, offering immediate functionality and potential rental income or business opportunities. This prime location, combined with flexible zoning and existing structures, makes this a compelling investment opportunity in a rapidly growing area. The property's proximity to key county services and infrastructure, along with its convenient highway access, enhances its value and potential for future appreciation. This undervalued opportunity is ideal for investors seeking a blend of immediate utility and long-term growth potential. The combination of residential and commercial zoning allows for a variety of development options, making this a truly unique and attractive property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Fayette
    State
    Georgia
    Longitude
    -84.473038
    Latitude
    33.4402409

    Comparable in this City

    • New
      $614,900
      Pending

      Fayetteville Open Farmland Opportunity

      18.5 acres of open farmland with farmhouse and pond.
      154 Goza Rd, Fayetteville, GA 30215
      View Details
    • $675,000
      19.63 Acres

      Fayetteville Land with Mature Pastures

      19.63 acres of pastures and woodlands near Fayetteville, Georgia.
      19.6 Acres Grant 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
    • Contact for pricing

      Land on Highway 85 South

      Two acre commercial land with highway frontage near downtown.
      Price Rd, Fayetteville, GA 30215
      View Details
    • $949,000

      Highway 54 Commercial Land Parcel

      3.72-acre parcel with road frontage on Highway 54 W.
      Ga-54, Fayetteville, GA 30215
      View Details
    • $3,426,840
      114.23 Acres

      Fayetteville Land Estate Opportunity

      114.228 acres in Fayetteville, suitable for estate or development.
      4 Antioch Rd, Fayetteville, GA 30215
      View Details

    Similar Nearby for Sale

    • New
      $614,900
      Pending

      Fayetteville Open Farmland Opportunity

      18.5 acres of open farmland with farmhouse and pond.
      154 Goza Rd, Fayetteville, GA 30215
      View Details
    • $675,000
      19.63 Acres

      Fayetteville Land with Mature Pastures

      19.63 acres of pastures and woodlands near Fayetteville, Georgia.
      19.6 Acres Grant 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
    • $450,000

      Commercial Land in Fayetteville

      Prime commercial property zoned for office, industrial, or retail.
      105 Howard Ln, Fayetteville, GA 30215
      View Details
    • $450,000

      Commercial Land on Highway 54

      Commercial property in Fayetteville, zoned for office or industrial use.
      105 Howard Ln, Fayetteville, GA 30215
      View Details
    • Contact for pricing

      Land on Highway 85 South

      Two acre commercial land with highway frontage near downtown.
      Price Rd, Fayetteville, GA 30215
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,625 SF

      Fayetteville Loft Office Space

      1,625 SF loft office with easy highway access.
      180 Shamrock Dr, Fayetteville, GA 30215
      View Details
    • Contact for pricing
      30,000 SF

      New Development Near Highway 54

      30,000 +/- SF new development with high visibility.
      936 W Lanier Ave, Fayetteville, GA 30215
      View Details
    Request Owner's contact information
    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.
    140 First Manassas Mile
    Fayetteville, GA 30215
    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
    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

    Thank You for Inquiry
    140 First Manassas Mile, Fayetteville, GA, 30215
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!