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    1419 Cleveland Ave Atlanta, GA 30344

    • Specialty properties
    • 0.34 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 1419 Cleveland Ave

    Year built
    1920
    Lot size
    0.34 lot acres
    Property type
    Specialty properties
    Property subtype
    Churches & religious facilities

    Description

    This exceptional mixed-use property, located at 1419 Cleveland Avenue in East Point, Georgia, presents a compelling investment opportunity. Situated on a 0.344-acre lot in the Jefferson Park community, this property offers convenient access to Hartsfield-Jackson International Airport, Downtown Atlanta, and Atlanta's Beltline. The property comprises two structures: a main building and a rear duplex. Built in 1920, the main building underwent exterior renovations in 2019, while both structures require interior updates, presenting a chance for value enhancement. The property's zoning is ideal for a variety of creative business ventures, making it suitable for diverse uses such as religious/church, medical office, or executive office spaces. The asking price is $350,000. This presents a unique chance to acquire a versatile property in a rapidly developing area with excellent connectivity to major transportation hubs and urban amenities. The property's flexible zoning and prime location make it an attractive investment for those seeking a high-return opportunity with significant upside potential. The existing structures provide a solid foundation for a variety of redevelopment projects.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton - GA
    State
    Georgia
    Longitude
    -84.4353
    Latitude
    33.6798

    Comparable in this City

    • Value Estimation
      $3,665,000
      12,920 SF

      1203 Cleveland Ave

      MEDICAL BUILDING • 12,920 SF
      1203 Cleveland Ave, East Point, GA 30344-3417
      View Details
    • Value Estimation
      $1,085,000
      7,120 SF

      2739 Felton Dr

      MEDICAL BUILDING • 7,120 SF
      2739 Felton Dr, East Point, GA 30344-3603
      View Details
    • Value Estimation
      $615,000
      5,650 SF

      2719 Felton Dr

      MEDICAL BUILDING • 5,650 SF
      2719 Felton Dr, East Point, GA 30344-3603
      View Details
    • Value Estimation
      $400,000
      9,384 SF

      1100 Cleveland Ave

      MEDICAL BUILDING • 9,384 SF
      1100 Cleveland Ave, East Point, GA 30344-3602
      View Details
    • Value Estimation
      $260,000
      2,732 SF

      967 Cleveland Ave

      MEDICAL BUILDING • 2,732 SF
      967 Cleveland Ave, East Point, GA 30344-6717
      View Details
    • Value Estimation
      $275,000
      3,392 SF

      1029 Cleveland Ave

      MEDICAL BUILDING • 3,392 SF
      1029 Cleveland Ave, East Point, GA 30344-6719
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,073 SF

      East Point Office Building For Sale

      1,073 SF, renovated, high-traffic location.
      1909 Washington Rd, East Point, GA 30344
      View Details
    • $495,000
      0.53 Acres

      East Point Church & Lot - $495K

      Historic Church, High Traffic Area, Development Potential
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    • $2,100,000
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      East Point Commercial Opportunity

      Four buildings on 2.34 acres suitable for worship services.
      2719 Delowe Dr, Atlanta, GA 30344
      View Details
    • New
      $500,000
      0.23 Acres

      Atlanta Commercial Building with I-1 Zoning

      Commercial building with I-1 zoning, convenient interstate and airport access.
      1200 Central Ave, Atlanta, GA 30344
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    • New
      $580,000
      3,200 SF

      Renovated East Point Commercial Building

      Updated commercial property near Tyler Perry Studios and Downtown East Point.
      2125 Headland Dr, East Point, GA 30344
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    • New
      $500,000
      0.23 Acres

      Atlanta Commercial Property with I-1 Zoning

      Commercial building with I-1 zoning, renovation potential, and convenient location.
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    Similar Nearby for Lease

    • Contact for pricing
      29,488 SF

      Sylvan Road Office & Warehouse

      Versatile Fulton County space available.
      2210 Sylvan Rd, East Point, GA 30344
      View Details
    • $800 /Mo
      7,500 SF

      East Point Office Suite

      Private office suite in secure, gated East Point complex.
      1445 Cleveland Ave, East Point, GA 30344
      View Details
    • $2,500 /Mo
      8,050 SF

      East Point Commercial Lease Opportunity

      Versatile spaces available for lease in East Point, GA.
      1466 Central Ave, Atlanta, GA 30344
      View Details
    • $800 /Mo
      7,500 SF

      East Point Private Office Suite

      Private office suite in secure complex near downtown East Point.
      1445 Cleveland Ave, East Point, GA 30344
      View Details
    • Contact for pricing
      52,162 SF

      Freestanding Industrial Building Near Airport

      52,162 SF industrial building with loading and storage.
      1631 Willingham Dr, Atlanta, GA 30344
      View Details
    • Contact for pricing
      24,060 SF

      East Point Industrial Warehouse Space

      Four warehouse units available, 2,800-8,343 sq ft.
      1577 Taylor Ave, East Point, GA 30344
      View Details
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    1419 Cleveland Ave
    Atlanta, GA 30344
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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