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    The Largest CRE Database in the US with Over 1 Million Listings

    1320 Ellsworth Industrial Blvd Atlanta, GA 30318

    Sponsored
    For Lease
    $33 SF/Yr

    Modern Creative Offices, 1,056-2,151 SF

    Lot size:
    23,860 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    424
    Glassworks, located at 1320 Ellsworth Industrial Blvd NW in Atlanta, GA 30318, offers exceptional office space in the vibrant West Midtown submarket. This Class B property, built in 2007, comprises three single-story buildings totaling 23,860 square feet. Currently, there are 18 suites, with 1,056 square feet immediately available, and contiguous spaces up to 2,151 square feet are possible. The property features high ceilings and abundant natural light, perfect for executive or creative office uses. The minimum divisible space is 1,056 square feet. Amenities include approximately four parking spaces per 1,000 square feet. Elevators are not available. This multi-tenant property enjoys a prime location, minutes from numerous restaurants, shops, and entertainment venues, including Chattahoochee Food Works, Bone Garden Cantina, Top Golf, and Westside Reservoir Park. Future access to the Beltline trail is also anticipated. The property is categorized as an adaptive reuse development.

    Property Features for 1320 Ellsworth Industrial Blvd

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    23,860 SF
    Class
    B
    Total Rate
    65615

    Building Details

    Year Built
    2007
    Buildings
    3
    Stories
    1

    Spaces For Lease

    at 1320 Ellsworth Industrial Blvd, Atlanta, GA 30318 Contact us
    Unit A600

    $33 /Mo

    Size
    1,095 SF
    Contact us
    Unit A1700

    $33 /Mo

    Size
    1,789 SF
    Contact us
    Unit A1000

    $33 /Mo

    Size
    1,056 SF
    Contact us

    We can help!

    Listing Contact
    Jeff Pollock
    Jeff Pollock

    Learn more

    Property Insight Report

    HighLights

    • Class B office space totaling 23,860 square feet in Atlanta's West Midtown submarket.
    • 18 suites available, with immediate availability of 1,056 square feet and contiguous spaces up to 2,151 square feet.
    • Abundant natural light and high ceilings, ideal for executive or creative office users.
    • Ample surface parking (approx. 4 spaces per 1,000 sq ft).
    • Convenient location near restaurants, shops, and entertainment, with proximity to the future Beltline.
    Property Profile Location Intelligence

    Current Use by Public Records

    Spring Engineering, Inc. Architecture Firm Matthews W. Gwynn ... Physician B + C Studio Construction Company Remediation Group Hardware & Home Improvement YSM Design, P.C. Architect

    Suggested Use

    Real Estate Agency Law Firm Dental Office Spa & Massage Center Restaurant Hair Salon Nail Salon Pharmacy Accounting Firm Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.4274421
    Latitude
    33.7912374

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    FAQs

    What type of property is this?
    Office space - Modern Creative Offices, 1,056-2,151 SF
    Where is this office space located?
    The property is located at 1320 Ellsworth Industrial Blvd Atlanta, GA.
    What is the lease rate?
    The lease rate is $33 SF/Yr.
    What are key features of this property?
    This property features: Class B office space totaling 23,860 square feet in Atlanta's West Midtown submarket.; 18 suites available, with immediate availability of 1,056 square feet and contiguous spaces up to 2,151 square feet.; Abundant natural light and high ceilings, ideal for executive or creative office users.
    (404) 662-2182
    Request Owner's contact information
    1320 Ellsworth Industrial Blvd Atlanta, GA 30318
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    Atlanta, GA 30318
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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
    1320 Ellsworth Industrial Blvd Atlanta, GA 30318
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    We can help!
    Listing Contact
    Jeff Pollock
    Jeff Pollock
    Real Estate License ID: 212301
    (404) 662-2182
    Learn more
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