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    1320 Ellsworth Industrial Blvd Atlanta, GA 30318

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    For Sale
    Contact for pricing

    Westside location, 1,798 sq ft, $525,000

    Property size:
    1,798 SF

    Property Features for 1320 Ellsworth Industrial Blvd

    General Information

    Property type
    Office Units
    Square Feet
    1,798 SF

    Building Details

    Year Built
    2005
    Buildings
    1
    Stories
    2
    Units
    1

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    Listing Contact
    Jeff Pollock
    Jeff Pollock

    Listing Agency: Pollock Commercial Listing Agent: Jeff Pollock

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 1,798-square-foot creative office condo is situated in Atlanta's vibrant Upper Westside, specifically the Blandtown neighborhood. Built in 2005, this two-story, owner-user investment opportunity boasts a flexible open floor plan ideal for various business needs. High ceilings and skylights flood the space with natural light, creating a bright and inspiring work environment. A convenient kitchenette is included, adding to the functionality of the space. The property offers ample free surface parking, with a ratio of 5 spaces per 1,000 square feet. Located at 1320 Ellsworth Industrial Blvd NW, Atlanta, GA 30318, this condo provides easy access to popular local destinations such as Top Golf, The Works, Bacchanalia, and Bone Garden Cantina, and is just five minutes away from Westside Park. This is a rare chance to own a small, in-town office space in a highly sought-after area. The property consists of one unit within a single building, offering a unique blend of modern convenience and established neighborhood charm. The asking price is $525,000. A mezzanine office adds extra space and versatility. This is a truly unique opportunity to acquire a well-located and functional creative office space in a thriving Atlanta neighborhood.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Spring Engineering, Inc. Architecture Firm Matthews W. Gwynn ... Physician B + C Studio Construction Company Remediation Group Hardware & Home Improvement YSM Design, P.C. Architect

    Suggested Use

    Real Estate Agency Law Firm Dental Office Spa & Massage Center Restaurant Hair Salon Nail Salon Pharmacy Accounting Firm Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.42729329072
    Latitude
    33.791131848429

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    FAQs

    What type of property is this?
    Office units - Westside location, 1,798 sq ft, $525,000
    Where is this office units located?
    The property is located at 1320 Ellsworth Industrial Blvd Atlanta, GA.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: $525,000 asking price for this creative office condo.; 1,798 square feet, single-unit office building.; 2005 construction, two-story building in Atlanta, GA.
    (404) 662-2182 Call to check price and availability
    Request Owner's contact information
    1320 Ellsworth Industrial Blvd Atlanta, GA 30318
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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
    1320 Ellsworth Industrial Blvd Atlanta, GA 30318
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jeff Pollock
    Jeff Pollock
    Real Estate License ID: 212301
    (404) 662-2182 (404) 964-7060
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