Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    155 Promenade Pkwy Fayetteville, GA 30214-7712
    Back to Search
    Property profile & analytics

    155 Promenade Pkwy, Fayetteville, GA 30214-7712

    View on Map
    • Distribution centers
    • 5,000 SF
    • 1.26 lot acres
    Off-Market
    Last Sale Oct 4, 2022
    $680,420
    Property ID
    US22-0138736
    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
    $680,000
    Show details
    Cap Rate Potential
    4.4%
    Distribution centers
    Location Intelligence

    Current Use by Public Records

    • Distribution centers

    Property Details for 155 Promenade Pkwy

    Year built
    2022
    Lot size
    1.26 lot acres
    Zone code
    I M1
    Property type
    Distribution centers
    APN
    0538 164
    APU
    538164

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 4, 2022 $680,420 Utopia Vision Grp LLC Marksmen Construction INC Warranty Deed $544k · United Community Bank
    Sep 19, 2022 — Marksmen Construction INC Mark Wurster Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $840,000
      ML approach
      $815,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $610,000
      6.5%
      $565,000
      7%
      $525,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $670,000
      Market price range: $375k - $671k
      AI Estimate
      $495,000
      Market price range: $193k - $495k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $535,000
      Current use
      RETAIL STORES
      $1,130,000
      Change: +111% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $920,000
      Change: +72% Conversion: Easy
      COMMERCIAL (GENERAL)
      $755,000
      Change: +41% Conversion: Difficult
      OFFICE BUILDING
      $715,000
      Change: +34% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Fayette
    State
    Georgia
    Longitude
    -84.4316
    Latitude
    33.482
    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
    $7,664
    $50,400
    $201,360
    $251,760
    -
    $126,000
    $503,400
    $629,400

    Comparable in this City

    • Value Estimation by Request
      4,896 SF

      1464 Hwy 92nd N

      DISTRIBUTION WAREHOUSE
      1464 Hwy 92nd N, Fayetteville, GA 30214-3384
      View Details
    • Value Estimation by Request
      7,402 SF

      110 Washington Ave

      DISTRIBUTION WAREHOUSE
      110 Washington Ave, Fayetteville, GA 30214-1639
      View Details
    • Value Estimation by Request
      6,049 SF

      125 Etowah Trc

      Distribution properties
      125 Etowah Trc, Fayetteville, GA 30214
      View Details
    • Value Estimation
      $3,350,000
      69,052 SF

      1658 Hwy 85th N

      DISTRIBUTION WAREHOUSE
      1658 Hwy 85th N, Fayetteville, GA 30214-4057
      View Details
    • Value Estimation
      $585,000
      6,120 SF

      200 Etowah Trce

      DISTRIBUTION WAREHOUSE
      200 Etowah Trce, Fayetteville, GA 30214-5912
      View Details
    • Value Estimation
      $790,000
      12,000 SF

      140 Etowah Trce

      DISTRIBUTION WAREHOUSE
      140 Etowah Trce, Fayetteville, GA 30214-5902
      View Details

    Similar Nearby for Sale

    • $2,200,000
      11,000 SF

      Fayetteville Warehouse - $2.2M

      11,000 SF Warehouse, 1-acre lot, 2021 build.
      225 Promenade Pkwy, Fayetteville, GA 30214
      View Details
    • $229,000
      0.90 Acres

      Fayetteville Commercial Land Opportunity

      0.9-acre lot suitable for office-warehouse or medical distribution.
      Carnes Dr, Fayetteville, GA 30214
      View Details
    • $534,000
      6,400 SF

      Fayetteville Self-Storage Facility For Sale

      Self-storage facility with outdoor parking and expansion potential.
      127 Commerce St, Fayetteville, GA 30214
      View Details
    • Contact for pricing

      Fayetteville Industrial Flex Space

      11,000 SF industrial flex space in Fayetteville, GA for sale.
      225 Promenade Pkwy, Fayetteville, GA 30214
      View Details
    • Contact for pricing

      Fayetteville Industrial Flex Space

      11,000 SF industrial flex space for sale in Fayetteville.
      225 Promenade Pkwy, Fayetteville, GA 30214
      View Details
    • Contact for pricing
      7,500 SF

      Fayetteville Industrial Building with Storage

      7,500 sq ft industrial building on 1.33 acres.
      545 Marksmen Ct, Fayetteville, GA 30214
      View Details

    Similar Nearby for Lease

    • $7,500 /Mo

      Fayetteville Warehouse with Fenced Storage

      6,000 SF warehouse with fenced storage on 1.16 acres.
      150 Tober Trl, Fayetteville, GA 30214
      View Details
    • $7,500 /Mo

      Fayetteville Warehouse with Fenced Storage

      6,000 SF warehouse with renovated office and fenced storage.
      155 Tober Trl, Fayetteville, GA 30214
      View Details
    • Contact for pricing

      Fayetteville Industrial Property with Storage

      21,200 SF industrial space on 6 acres for lease.
      900 Ga-54, Fayetteville, GA 30214
      View Details
    • Contact for pricing
      1,250 SF

      Flex Warehouse with Private Office

      A warehouse and office flex unit with separate utilities, HVAC, and restroom—well-suited for small operators needing dedicated space.
      A-250 Robinson Dr, Fayetteville, GA 30214
      View Details
    • Sponsored
      Contact for pricing

      Main Street Office Center

      Discover many ways to work your way in Main Street Office Center
      320 Lanier Ave, Fayetteville, GA 30214
      View Details
    • New
      $1,950 /Mo
      1,250 SF

      Fayetteville Commercial Flex Space Available

      Flex space unit for lease in Fayetteville, Georgia.
      250 Robinson Dr, Fayetteville, GA 30214
      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.
    155 Promenade Pkwy
    Fayetteville, GA 30214-7712
    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
    155 Promenade Pkwy, Fayetteville, GA, 30214
    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!