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    East Atlanta Village Fitness Studio Title is generated by Realmo AI

    1358 Glenwood Ave SE, Atlanta, GA 30316

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    For Sale
    $1,899,000

    Freestanding fitness studio in vibrant East Atlanta Village.

    Added:
    Nov 25, 2025
    Days on Market:
    176
    Last Refresh:
    Apr 5 at 8:20 pm

    Property Features for 1358 Glenwood Ave SE

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Michael Wess, CCIM
    Michael Wess, CCIM

    Listing agent Michael Wess, CCIM License #256959

    Listing office Bull Realty, Inc.

    Listing date Nov 25, 2025

    Source Bullrealty

    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 Bull Realty, Inc.

    HighLights

    • Located in the heart of East Atlanta Village, a vibrant, walkable, and sought‑after location known for restaurants, nightlife, retail, and culture.
    • Leased to OxFit, a popular fitness studio with a 4.9‑star Google rating and a strong community following.
    • True NNN lease allows for reimbursement of management and all CAPEX.
    • 3% Annual Escalations and 5% Base rent management expense reimbursement.
    • Adaptive reuse building with modern touches, fully renovated in 2020, featuring high ceilings, an open layout, and floor‑to‑ceiling windows.
    • 10 Parking spaces - a significant amenity for this dense downtown area.

    Overview

    This freestanding building, currently leased to the fitness studio OxFit, is located in the heart of East Atlanta Village, a vibrant and walkable area known for its restaurants, nightlife, retail, and culture. The property is situated steps from popular hotspots such as Southern Feedstore, Argosy, and The Earl. The adaptive reuse building features modern touches and was fully renovated by the tenant in 2020. The interior design blends modern industrial elements with warm finishes and exposed brick. The gym features high ceilings, an open layout, and floor-to-ceiling windows that provide natural light. OxFit has a strong social media following and engagement from East Atlanta Village's young professional base and holds a 4.9-star Google rating. The tenant is on a true NNN lease, which allows for reimbursement of management and all CAPEX, with 3% annual escalations and a 5% base rent management expense reimbursement. The property is approximately 0.23 acres and includes 10 parking spaces. The average home prices are almost $500k.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    OxFit East Atlanta ... Gym & Fitness Center

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • CORE Movement Education — 749 Moreland Ave SE, Atlanta, GA 30316
    • Roundhouse Kickboxing — 749 Moreland Ave SE C-101, Atlanta, GA 30316
    • Snap Fitness Atlanta (Glenwood Park) — 920 Glenwood Ave SE Suite 102/103, Atlanta, GA 30316
    • Nectar Yoga — 465 Flat Shoals Ave SE, Atlanta, GA 30316
    • Village Fitness — 1231 Glenwood Ave SE, Atlanta, GA 30316

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.3431
    Latitude
    33.7403

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    FAQs

    What type of property is this?
    Fitness center & gym - Freestanding fitness studio in vibrant East Atlanta Village.
    Where is this fitness center & gym located?
    The property is located at 1358 Glenwood Ave SE Atlanta, GA.
    What is the asking price?
    The asking price for this property is $1,899,000.
    What are key features of this property?
    This property features: Located in the heart of East Atlanta Village, a vibrant, walkable, and sought‑after location known for restaurants, nightlife, retail, and culture.; Leased to OxFit, a popular fitness studio with a 4.9‑star Google rating and a strong community following.; True NNN lease allows for reimbursement of management and all CAPEX.
    (404) 876-1640
    We can help!
    Listing Contact
    Michael Wess, CCIM
    Michael Wess, CCIM
    Real Estate License ID: 256959
    Learn More
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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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