Hapeville Commercial Space For
614 King Arnold Street Hapeville, GA 30354
For Sale
$815,000
1792 SF commercial space in historic downtown Hapeville.
Property Size1,792 SF
Lot Size0.17 Acres
Price / SF$454.80
Days on Market539
Property Features for 614 King Arnold Street
General Information
Standard status
Active
Size
1,792 SF
Lot size
0.17 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1940
Listing Agency:
Cranford Homes and Realty
(404) 213-1514
Listed By:
Sharon Cranford · License #182621
(404) 213-1514
Source:
Exitrealty
Added: Feb 6, 2025
Changed: Jul 10
Last Checked: Jul 29 at 2:20PM
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.
This 1792 square foot one-level commercial space is located in historic downtown Hapeville. Constructed in the 1940s with brick, the property includes two private offices and a spacious workshop with storage. Dedicated parking is available, along with fenced off-street parking. This property is suitable for a small business, creative workspace, or as an investment.
Key Highlights
- Historic 1940s Brick Construction
- 1792 sq. ft. Commercial Space
- Dedicated and Fenced Off‑Street Parking
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
—
—
no second resolved use
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Creative space - 1792 SF commercial space in historic downtown Hapeville.
Where is this creative space located?
The property is located at 614 King Arnold Street Hapeville, 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: Historic 1940s Brick Construction; 1792 sq. ft. Commercial Space; Dedicated and Fenced Off‑Street Parking
