Office
For Sale
$337,500
1602 W Cleveland AVE GEORGIA, East Point, GA 30344
Central air and forced-air heating serve the property, with parking in a lot and on the street.
Property Size1,296 SF
Days on Market85
Property Features for 1602 W Cleveland AVE GEORGIA
General Information
Standard status
Active
Size
1,296 SF
Total Parking Spaces
2
Zoning
R3
Taxes and HOA fees
Annual Taxes
$1,284
Amenities
Accessible Hallway(s), Accessible Entrance
Central Air
Forced Air
On Street, Parking Lot
Building Details
Building Size
1,296 SF
Year Built
1920
Buildings
1
Listing Agency:
Knapp Realty
Listed By:
Dany L Craig · License #359859
(770) 310-0532
Source:
Evrealestate
Added: Jul 23
Changed: Oct 14
Last Checked: Oct 14 at 10:39PM
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 Knapp Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office property at 1602 W Cleveland Ave in East Point, Georgia, was built in 1920. Interior features include central air and forced-air heating. Parking is available in a lot and on the street. The property is zoned R3.
Key Highlights
- Office property built in 1920
- R3 zoning
- Central air and forced‑air heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,355
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,100
$347.1K
Cap Rate 7%
$247,929
$247.9K
Cap Rate 9%
$192,833
$192.8K
Market Conditions
NOI Build-Up for 1,296 SF
Gross rent
$30.9K $23.87/SF
− Vacancy
−$7.8K −$6.02/SF
EGI
$23.1K $17.85/SF
− OpEx
−$5.8K −$4.46/SF
NOI
$17.4K $13.39/SF
Area
Fulton County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,100
Cap Rate 7%
$247,929
Cap Rate 9%
$192,833
Alternative Uses
Best Use
Office B
$247.9K
$216.9K – $289.3K
NOI $17,355 @ 7.0% cap · market cap 5.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$362.3K
$317.0K – $422.7K
NOI $25,360 @ 7.0% cap · market cap 7.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,246
Businesses Nearby
Well-served
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
Similar Off Market Nearby
- A-1 Audio Visual — 3130 S Martin St # 200, East Point, GA 30344
- Mvet consulting solutions — 2995 E Point St #232, East Point, GA 30344
- GTECH IT & Business Solutions — 1851 Washington Rd, East Point, GA 30344
- South Fulton Chamber of Commerce — 1514 E Cleveland Ave, East Point, GA 30344, United States
- Virtual Assistance Call Center LLC — 1656 Ware Ave, Atlanta, GA 30344
Frequently Asked Questions
What type of property is this?
Office space - Central air and forced-air heating serve the property, with parking in a lot and on the street.
Where is this office space located?
The property is located at 1602 W Cleveland AVE GEORGIA East Point, GA.
What is the asking price?
The asking price for this property is $337,500.
What are key features of this property?
This property features: Office property built in 1920; R3 zoning; Central air and forced‑air heating
