Historic East Atlanta Live-Work
For Sale
Contact for pricing
1112 Delaware Ave Se, Atlanta, GA
Unique 1930s property in East Atlanta/Ormewood Park for sale.
Property Size2,560 SF
Lot Size0.17 Acres
Price / SF$312.11
Days on Market511
Property Features for 1112 Delaware Ave Se
General Information
Standard status
Active
Size
2,560 SF
Lot size
0.17 Acres
Property subtype
OFFICE
Listing Agency:
Harry Norman Realtors
(770) 977-9500
Listed By:
Allison McLaurin
Source:
Moodyscre
Added: Mar 10, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Harry Norman Realtors
Investment Insights
Based on property information with market context.
This historic property, dating back to 1930, is located in East Atlanta/Ormewood Park and is suitable for a live/work lifestyle. Zoned as R4 with Mixed Use/Commercial Use Conformities, the 2560 square foot interior features exposed brick walls throughout. There are two separate rooms that could serve as bedrooms or offices. The main area has an open concept layout, a kitchen, and a renovated bathroom with a tiled walk-in shower. The property is fully fenced, with a security gate and a long driveway for off-street parking. It is conveniently located close to local Ormewood Park shops and restaurants.
Key Highlights
- Unique historic property (circa 1930) in East Atlanta/Ormewood Park.
- Zoned R4 with Mixed Use/Commercial Use Conformities, ideal for live/work.
- Open concept interior with exposed brick.**
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.3k | $21.60 |
| − Vacancy | −$5.5k | −$2.16 |
| EGI | $49.8k | $19.44 |
| − OpEx | −$18.7k | −$7.29 |
| NOI | $31.1k | $12.15 |
2,560 SF · lease $21.60/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$444.3K
$388.8K – $518.4K
NOI $31,104 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$715.6K
$626.2K – $834.9K
NOI $50,093 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
821
Businesses Nearby
Explore this area
Business Placement
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - Unique 1930s property in East Atlanta/Ormewood Park for sale.
Where is this live-work space located?
The property is located at 1112 Delaware Ave Se Atlanta, GA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Unique historic property (circa 1930) in East Atlanta/Ormewood Park.; Zoned R4 with Mixed Use/Commercial Use Conformities, ideal for live/work.; Open concept interior with exposed brick.**
