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    998 Highway 54 Fayetteville, GA 30214
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    998 Highway 54 Fayetteville, GA 30214

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    • Commercial land
    • 912 SF
    For Sale
    $475,000
    View Listing →
    Prime Land Near Trilith Studios For Sale
    $475,000
    2.40 Acres

    Prime Land Near Trilith Studios

    2.4 acres of commercial land with highway frontage.

    998 Highway 54, Fayetteville, GA 30214
    View Listing
    Property ID
    US22-1065312
    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

    • Commercial land

    Property Details for 998 Highway 54

    Year built
    1965
    Property size
    912 SF
    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    PRIME 2.4 ACRES minutes from Trilith, New U. S. Soccer Training Center, Piedmont of Fayette Hospital, Fayetteville, Peachtree City, Newnan and Atlanta's Hartsfield-Jackson International Airport. Approximately 200 feet of frontage on Ga. Hwy 54 and Zoned C-3. Small house and separate garage on prop ... erty of no value. Come be a part of this extremely fast growing direction of Fayette County and Fayetteville. Owner says sewer is located across highway; all other utilities are in place. PLEASE DO NOT GO TO PROPERTY WITHOUT APPOINTMENT (currently small house is rented; however, tenant knows property is for sale and will vacate prior to closing-all showings of the small house will be during Due Diligence ONLY!). PDF Format only. THANKS FOR CONSIDERING THIS 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
    -84.4369
    Latitude
    33.451019

    Comparable in this City

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      Fayetteville Commercial Land Opportunity

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      3.9 Acre Development Site

      3.9 acre development site with high visibility in Fayetteville.
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      Commercial Development Opportunity Available

      7.50 acres of commercial land zoned C-3.
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      Fayetteville Land with Two Homes

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      150 Old Highway 138, Fayetteville, GA 30214
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      Fayetteville Commercial Land Opportunity

      0.9-acre lot suitable for office-warehouse or medical distribution.
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    • $850,000
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      Fayetteville Commercial Land For Sale

      0.45 acre commercial land near Fayette Middle School.
      555 Grady Ave, Fayetteville, GA 30214
      View Details

    Similar Nearby for Sale

    • $300,000
      0.61 Acres

      Fayetteville Commercial Land Opportunity

      Prime vacant lot near downtown Fayetteville, Georgia, ready for development.
      350 Glynn St, Fayetteville, GA 30214
      View Details
    • $999,000

      3.9 Acre Development Site

      3.9 acre development site with high visibility in Fayetteville.
      +/- 3.9 Acres On Roberts Rd, 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
    • $775,000
      Pending

      Commercial Development Opportunity Available

      7.50 acres of commercial land zoned C-3.
      1013 Highway 54 W, Fayetteville, GA 30214
      View Details
    • $450,000
      6.30 Acres

      Fayetteville Land with Two Homes

      6.3 acres with two homes near Hwy 138 and Hwy 314.
      150 Old Highway 138, Fayetteville, GA 30214
      View Details
    • $850,000
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      Fayetteville Commercial Land For Sale

      0.45 acre commercial land near Fayette Middle School.
      555 Grady Ave, Fayetteville, GA 30214
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Fayetteville Industrial Property with Storage

      21,200 SF industrial space on 6 acres for lease.
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    • $7,500 /Mo

      Fayetteville Warehouse with Fenced Storage

      6,000 SF warehouse with renovated office and fenced storage.
      155 Tober Trl, Fayetteville, GA 30214
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      Regional Power Center in Newnan

      460,962 SF retail center anchored by national tenants.
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      Fayette Pavilion Retail Space

      Retail spaces for lease in a large open-air shopping center.
      72 Pavilion Pkwy, Fayetteville, GA 30214
      View Details
    • $5,200 /Mo
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      Fayetteville Retail Space For Lease

      High-visibility 2,500 SF vanilla shell space ready for immediate lease.
      320 Ga-314, Fayetteville, GA 30214
      View Details
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    Fayetteville, GA 30214
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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.

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