Brick Flex Office
614 King Arnold Street Atlanta, GA 30354
614 King Arnold Street, Atlanta, GA, 30354
$815,000
For Sale
$815,000
One-level commercial space with two private offices, a workshop with storage, and dedicated fenced off-street parking.
Property Size1,792 SF
Price / SF$454.80
Days on Market551
Property Features for 614 King Arnold Street
General Information
- Standard status
- Active
- Size
- 1,792 SF
- Property subtype
- Commercial Sale / Mixed Use
Building Details
- Year Built
- 1940
Listing agency
Cranford Homes and Realty
(404) 213-1514
Listed by
Sharon Cranford · License #182621
(404) 213-1514
Source
Compass
Added: Jan 16, 2025 Updated: Jul 21 at 2:48AM Checked: Jul 21 at 6:30AM
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 Cranford Homes and Realty
Investment Insights
Based on property information with market context.
Offered for sale is a one-level brick commercial property with a workshop area that includes storage, along with two private offices for added functionality. The building’s configuration supports mixed work and client-facing space within a compact footprint.
The property includes a dedicated parking space and additional off-street parking that is fenced. Constructed in the 1940s, the structure is described as charming 1940s brick commercial space.
This flexible layout is well suited to a small business or creative workspace seeking an on-site office setup alongside a dedicated work area, with parking provided on site.
The property includes a dedicated parking space and additional off-street parking that is fenced. Constructed in the 1940s, the structure is described as charming 1940s brick commercial space.
This flexible layout is well suited to a small business or creative workspace seeking an on-site office setup alongside a dedicated work area, with parking provided on site.
Key Highlights
- One‑level commercial space with 1792+- SF, built in 1940 with brick construction
- Interior includes high ceilings (10+), a reception area, two private offices, and restrooms
- Workshop area includes storage, plus accessible kitchen
Local Financial Insights For Office B
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 | $42.8k | $23.87 |
| − Vacancy | −$10.8k | −$6.02 |
| EGI | $32.0k | $17.85 |
| − OpEx | −$8.0k | −$4.46 |
| NOI | $24.0k | $13.39 |
1,792 SF · lease $23.87/SF/yr · vacancy 25.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$342.8K
$300.0K – $400.0K
NOI $23,997 @ 7.0% cap · market cap 2.94%
Second Best
Flex RnD
$254.4K
$222.6K – $296.8K
NOI $17,807 @ 7.0% cap · market cap 2.18%
Theoretical Best
Office A
$500.9K
$438.3K – $584.4K
NOI $35,065 @ 7.0% cap · market cap 4.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Allen Electric Co ...
Electrical Service
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- Back2yourrootsCatering — 218 glenrose cir sw, atlanta, ga 30318
- Fat Sisters — Buttersweet Bakery, 625 N Central Ave, Hapeville, GA 30354
FAQs
What type of property is this?
Flex space - One-level commercial space with two private offices, a workshop with storage, and dedicated fenced off-street parking.
Where is this flex space located?
The property is located at 614 King Arnold Street Atlanta, GA.
What is the asking price?
The asking price for this property is $815,000.
What are key features of this property?
This property features: One‑level commercial space with 1792+- SF, built in 1940 with brick construction; Interior includes high ceilings (10+), a reception area, two private offices, and restrooms; Workshop area includes storage, plus accessible kitchen
