Historic Live-Work
For Sale
$1,395,000
692 Kirkwood Avenue SE Unit A, Atlanta, GA 30316
HR-5 zoning supports a combined residential and commercial configuration with off-street parking.
Property Size3,116 SF
Price / SF$447.69
Days on Market371
Property Features for 692 Kirkwood Avenue SE Unit A
General Information
Standard status
Active
Size
3,116 SF
Total Parking Spaces
3
Property subtype
General Commercial
Zoning
HR-5
Taxes and HOA fees
Annual Taxes
$9,947
Amenities
Custom Wooden Stadium-Style Seating Area
Chef's Kitchen
Private Rooftop Terrace
Spa-Inspired Ensuite
Loft
Central Air
3
Hardwood, Concrete
Composition
Parking.
3 Parking Spaces. Paved Driveway, Lot.
3092.760009765625
Paved Road.
Building Details
Year Built
1910
Buildings
1
Construction
brick
Tenancy
Single
Listing Agency:
Bolst, Inc.
(404) 860-1816
Listed By:
Justin Landis · License #296339
(404) 860-1816
Source:
Xome
Added: Aug 25, 2025
Changed: Aug 29
Last Checked: Aug 29 at 8:22PM
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 Bolst, Inc.
Investment Insights
Based on property information with market context.
Built in 1910, this 3,116-square-foot standalone live-work property combines a brick storefront with a flexible interior designed for both business and residential use. The front workspace features floor-to-ceiling windows, integrated shelving, polished concrete floors, soaring ceilings, and removable stadium-style seating. Residential areas include hardwood-floored bedrooms, a loft, lounge spaces, a primary suite with rooftop terrace access, and a wet-room ensuite with a jetted soaking tub and walk-in shower. The kitchen includes a marble waterfall island, glossy red cabinetry, and Viking and Wolf appliances.
The property is zoned HR-5 (Historic Residential + Commercial) and is located across from Cabbagetown Park at 692 Kirkwood Avenue SE Unit A in Atlanta. The Atlanta BeltLine is one block away, while Krog Street Market and several neighborhood restaurants and gathering spots are within the surrounding area. Three paved off-street parking spaces complete the property.
The property is zoned HR-5 (Historic Residential + Commercial) and is located across from Cabbagetown Park at 692 Kirkwood Avenue SE Unit A in Atlanta. The Atlanta BeltLine is one block away, while Krog Street Market and several neighborhood restaurants and gathering spots are within the surrounding area. Three paved off-street parking spaces complete the property.
Key Highlights
- 3,116‑square‑foot standalone live‑work building constructed in 1910
- HR‑5 (Historic Residential + Commercial) zoning
- Across from Cabbagetown Park and one block from the Atlanta BeltLine
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
$41,727
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
2.99%
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%
$834,540
$834.5K
Cap Rate 7%
$596,100
$596.1K
Cap Rate 9%
$463,633
$463.6K
Market Conditions
NOI Build-Up for 3,116 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
$74.4K $23.87/SF
− Vacancy
−$18.7K −$6.02/SF
EGI
$55.6K $17.85/SF
− OpEx
−$13.9K −$4.46/SF
NOI
$41.7K $13.39/SF
Area
Atlanta, 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 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%
$834,540
Cap Rate 7%
$596,100
Cap Rate 9%
$463,633
Alternative Uses
Best Use
Office B
$596.1K
$521.6K – $695.5K
NOI $41,727 @ 7.0% cap · market cap 2.99%
Second Best
Mixed Use
$540.8K
$473.2K – $631.0K
NOI $37,859 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$871.0K
$762.2K – $1.02M
NOI $60,973 @ 7.0% cap · market cap 4.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,987
Businesses Nearby
Explore this area
Business Placement
Demographics for 30316, GA
33,625
Population
18,095
Households
1.9
Avg Household Size
36
Median Age
55%
College-Educated
92%
High-School Grad
13.0 sq mi
ZIP Area
2,587
Density / Sq Mi
$96,491
Median Household Income
$61,116
Median Earnings
$1,570
Median Rent
$401,800
Median Home Value
Market
Vacancy Rate% for Office in Atlanta, GA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - HR-5 zoning supports a combined residential and commercial configuration with off-street parking.
Where is this live-work space located?
The property is located at 692 Kirkwood Avenue SE Unit A Atlanta, GA.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: 3,116‑square‑foot standalone live‑work building constructed in 1910; HR‑5 (Historic Residential + Commercial) zoning; Across from Cabbagetown Park and one block from the Atlanta BeltLine
