Single-Tenant Medical Office
For Sale
$850,000
1380 East Cleveland Avenue, East Point, GA 30344
Well-maintained building constructed in 2003 with a functional layout suited to medical, dental, or general office use.
Property Size2,976 SF
Price / SF$285.62
Days on Market75
Property Features for 1380 East Cleveland Avenue
General Information
Standard status
Active
Size
2,976 SF
Property subtype
Office
Building Details
Building Size
2,976 SF
Year Built
2003
Tenancy
Single
Listed By:
Matt Orville
(714) 788-0430
Source:
Lee-associates
Added: Jun 24
Changed: Sep 5
Last Checked: Sep 5 at 6:45AM
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 Matt Orville
Investment Insights
Based on property information with market context.
This ±2,976 SF single-tenant medical/office building was built in 2003 and is described as well-maintained by its current owner. The property offers a functional layout intended to support a range of professional uses, including medical, dental, or general office.
The building is located at 1380 East Cleveland Avenue in East Point, GA 30344. It is offered for sale and may be suitable for both owner-users and investors seeking a single-tenant facility with an office-forward configuration.
As presented, the asset is positioned as a medical/office property with an established build year and a practical internal layout designed for professional services.
The building is located at 1380 East Cleveland Avenue in East Point, GA 30344. It is offered for sale and may be suitable for both owner-users and investors seeking a single-tenant facility with an office-forward configuration.
As presented, the asset is positioned as a medical/office property with an established build year and a practical internal layout designed for professional services.
Key Highlights
- Single‑tenant medical/office building with 2,976 SF
- Built in 2003 and well‑maintained by the current owner
- Functional layout suited for medical, dental, or general office use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,149
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$862,980
$863.0K
Cap Rate 7%
$616,414
$616.4K
Cap Rate 9%
$479,433
$479.4K
Market Conditions
NOI Build-Up for 2,976 SF
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.
Gross rent
$80.4K $27.00/SF
− Vacancy
−$8.4K −$2.84/SF
EGI
$71.9K $24.17/SF
− OpEx
−$28.8K −$9.67/SF
NOI
$43.1K $14.50/SF
Area
Fulton County, GA
Vacancy
10.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$862,980
Cap Rate 7%
$616,414
Cap Rate 9%
$479,433
Alternative Uses
Best Use
Healthcare Medical
$616.4K
$539.4K – $719.2K
NOI $43,149 @ 7.0% cap · market cap 5.08%
Second Best
Office B
$569.3K
$498.2K – $664.2K
NOI $39,852 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$831.9K
$727.9K – $970.6K
NOI $58,233 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,404
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30344, GA
35,365
Population
17,586
Households
2
Avg Household Size
36
Median Age
36%
College-Educated
89%
High-School Grad
12.1 sq mi
ZIP Area
2,923
Density / Sq Mi
$59,647
Median Household Income
$42,108
Median Earnings
$1,315
Median Rent
$240,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Atlanta Veterinarian — 1676 Thompson Ave, Atlanta, GA 30344
- VCA Briarcliff Animal Clinic of College Park — 1203 Cleveland Ave suite 2, East Point, GA 30344
Frequently Asked Questions
What type of property is this?
Medical Office Space - Well-maintained building constructed in 2003 with a functional layout suited to medical, dental, or general office use.
Where is this medical office space located?
The property is located at 1380 East Cleveland Avenue East Point, GA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Single‑tenant medical/office building with 2,976 SF; Built in 2003 and well‑maintained by the current owner; Functional layout suited for medical, dental, or general office use
