Multi-Story Industrial
For Sale
$2,700,000
1445 Cleveland Ave, Atlanta, GA 30344
Multi-story industrial building with open production space, dedicated offices, and substantial parking for operational support.
Property Size29,840 SF
Price / SF$90.48
Days on Market57
Property Features for 1445 Cleveland Ave
General Information
Standard status
Active
Size
29,840 SF
Taxes and HOA fees
Annual Taxes
$12,122
Listing Agency:
CBC Metro Brokers
(404) 921-4274
Listed By:
Alex Velasco · License #375385
(404) 921-4274
Source:
Exprealty
Added: Jul 1
Changed: Aug 25
Last Checked: Aug 25 at 11:38AM
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 CBC Metro Brokers
Investment Insights
Based on property information with market context.
This multi-story industrial facility at 1445 Cleveland Avenue offers an open layout designed to support manufacturing, distribution, or value-added assembly activities. The workspace includes durable finishes intended to stand up to high-volume operations, along with dedicated office and employee support areas that keep administrative functions separate from the production footprint.
The property is described as having substantial parking and an organized circulation path to support daily operations and site flow. Built for dependable performance, it is presented as being ready for immediate occupancy.
Overall, the building configuration combines flexible, open industrial space with practical back-office and support areas, offering a straightforward option for tenants or owners seeking a well-maintained industrial environment.
The property is described as having substantial parking and an organized circulation path to support daily operations and site flow. Built for dependable performance, it is presented as being ready for immediate occupancy.
Overall, the building configuration combines flexible, open industrial space with practical back-office and support areas, offering a straightforward option for tenants or owners seeking a well-maintained industrial environment.
Key Highlights
- Multi‑story industrial building built in 1989
- Central air cooling
- Open layout for manufacturing, distribution, or value‑added assembly
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
$209,228
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
7.75%
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%
$4,184,560
$4.2M
Cap Rate 7%
$2,988,971
$3.0M
Cap Rate 9%
$2,324,756
$2.3M
Market Conditions
NOI Build-Up for 29,840 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
$269.8K $9.04/SF
− Vacancy
−$23.6K −$0.79/SF
EGI
$246.2K $8.25/SF
− OpEx
−$36.9K −$1.24/SF
NOI
$209.2K $7.01/SF
Area
Atlanta, GA
Vacancy
8.75%
Lease Rate
$9.04 /SF/Yr
Expense Ratio
15.00%
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%
$4,184,560
Cap Rate 7%
$2,988,971
Cap Rate 9%
$2,324,756
Alternative Uses
Best Use
Flex RnD
$4.24M
$3.71M – $4.94M
NOI $296,526 @ 7.0% cap · market cap 10.98%
Second Best
Warehouse
$2.99M
$2.62M – $3.49M
NOI $209,228 @ 7.0% cap · market cap 7.75%
Theoretical Best
Office A
$8.34M
$7.30M – $9.73M
NOI $583,900 @ 7.0% cap · market cap 21.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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 Industrial in Atlanta, GA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Multi-story industrial building with open production space, dedicated offices, and substantial parking for operational support.
Where is this flex space located?
The property is located at 1445 Cleveland Ave Atlanta, GA.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Multi‑story industrial building built in 1989; Central air cooling; Open layout for manufacturing, distribution, or value‑added assembly
