Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    240 Glynn S St Fayetteville, GA 30214-2040
    Property profile & analytics

    240 Glynn S St Fayetteville, GA 30214-2040

    View on Map
    • Office buildings
    • 12,886 SF
    • 1.60 lot acres
    Off-Market
    Last Sale Jun 17, 2021
    Property ID
    US22-1832604
    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
    $1,660,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sparrow Organic Salon & Boutique / Hair Salon
    • Java & Brie / Cafe & Coffee Shop
    • Grazefull & Cured / Specialty Food Shop / Butcher
    • Hummingbird Wine Bar and Market / Bar & Pub
    • Roundtown Collaborations / Consultant

    Property Details for 240 Glynn S St

    Year built
    1937
    Lot size
    1.60 lot acres
    Property size
    12,886 SF
    Zone code
    C OI
    Property type
    Office buildings
    APN
    52302001
    APU
    52302001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,594,000
      Market price range: $1.46M - $2.61M
      AI Estimate
      $1,669,000
      Market price range: $983k - $3.01M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,845,000
      Current use
      AUTO REPAIR, GARAGE
      $2,375,000
      Change: +29% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,945,000
      Change: +6% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Fayette
    State
    Georgia
    Longitude
    -84.4545
    Latitude
    33.4457
    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
    $13,162
    $153,332
    $355,360
    $508,692
    -
    $383,330
    $888,400
    $1,271,730

    Comparable in this City

    • Value Estimation
      $1,200,000
      6,144 SF

      300 Glynn S St

      OFFICE BUILDING • 6,144 SF
      300 Glynn S St, Fayetteville, GA 30214-2042
      View Details
    • Value Estimation
      $2,020,000
      10,656 SF

      200 Courthouse Sq

      OFFICE BUILDING • 10,656 SF
      200 Courthouse Sq, Fayetteville, GA 30214-2198
      View Details
    • Value Estimation
      $1,785,000
      16,313 SF

      190 Georgia W Ave

      OFFICE BUILDING • 16,313 SF
      190 Georgia W Ave, Fayetteville, GA 30214-1524
      View Details
    • Value Estimation
      $1,305,000
      10,591 SF

      560 Grady Ave

      OFFICE BUILDING • 10,591 SF
      560 Grady Ave, Fayetteville, GA 30214-1975
      View Details
    • Value Estimation
      $3,860,000
      17,372 SF

      1336 Hwy 54th W

      OFFICE BUILDING • 17,372 SF
      1336 Hwy 54th W, Fayetteville, GA 30214-4573
      View Details
    • Value Estimation
      $510,000
      7,846 SF

      110 Huntington Park Dr

      OFFICE BUILDING • 7,846 SF
      110 Huntington Park Dr, Fayetteville, GA 30214-7721
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,718 SF

      Fayetteville Office or Retail Building

      3,718 SF building on 0.09 acres, Highway 85 frontage.
      275 Glynn St SOUTH, Fayetteville, GA 30214
      View Details
    • $2,200,000
      4,561 SF

      Freestanding Commercial Building on Corner Lot

      Modern commercial building on a 1-acre lot with high visibility.
      326 Ga-314, Fayetteville, GA 30214
      View Details
    • Contact for pricing
      9,147 SF

      NNN Medical Office Investment Opportunity

      Single tenant medical office facility in Fayetteville, GA for sale.
      730 Glynn St S, 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
    • $2,200,000
      4,378 SF

      Freestanding Commercial Building on Corner Lot

      Modern 4,378 SF commercial building on high-traffic corner lot.
      326 Ga-314, Fayetteville, GA 30214
      View Details

    Similar Nearby for Lease

    • 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
    • $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
      41,325 SF

      Fayetteville Medical Office Space Available

      Second generation medical office space near Piedmont Fayette Hospital.
      874 W Lanier Ave, Fayetteville, GA 30214
      View Details
    • Contact for pricing
      35,790 SF

      Fayetteville Office/School Space Available

      Versatile 7,000 SF space ideal for school or office use.
      255 Veterans Pkwy, Fayetteville, GA 30214
      View Details
    • $16 SF/Yr
      1,500 SF

      Fayetteville Office Space Available

      Office space for lease with access to GA Hwy 54.
      1044 Highway 54 W, Fayetteville, GA 30214
      View Details
    • $3,500 /Mo

      Fayetteville Office Space For Lease

      Repurposed office building near downtown Fayetteville, GA.
      192 Weatherly 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.
    240 Glynn S St
    Fayetteville, GA 30214-2040
    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
    240 Glynn S St, 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!