Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1596 Cleveland Ave East Point, GA 30344-3205
    Back to Search
    Property profile & analytics

    1596 Cleveland Ave East Point, GA 30344-3205

    View on Map
    • Office properties & Spaces
    • 933 SF
    • 0.02 lot acres
    Off-Market
    Last Sale Aug 25, 2022
    Property ID
    US22-0690078
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 1596 Cleveland Ave

    Year built
    1910
    Construction
    WOOD
    Lot size
    0.02 lot acres
    Property size
    933 SF
    Zone code
    CR
    Property type
    Office properties & Spaces
    APN
    14 015700090854
    APU
    14015700090854

    Description

    This exceptional 1,010-square-foot executive office space, located at 1596 Cleveland Avenue Unit 104 in Atlanta, Georgia, presents a unique investment opportunity. Built in 1910, this charming property boasts the timeless appeal of exposed brick and historic architecture within a vibrant, established commercial district of East Point. Situated on a 0.021-acre lot, the building offers a single unit, ideal for a variety of business uses. The open-plan layout provides flexibility for diverse business needs, from a retail shop or salon to a studio or event space. Its location benefits from high visibility due to nearby restaurants and residential units, ensuring consistent foot traffic. This property offers a blend of historic charm and modern functionality, providing an excellent opportunity to own rather than rent, representing a significant cost savings and a chance to establish a lasting presence in this thriving area of Atlanta. The property is zoned for commercial use and is part of a mixed-use building with residential units above. This prime location in the historic district of East Point offers a unique opportunity to own a piece of Atlanta's rich history while establishing a successful business. The asking price is $195,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    East Point
    County
    Fulton
    State
    Georgia
    Longitude
    -84.441
    Latitude
    33.6793
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,766
    $34,760
    $27,800
    $62,560
    -
    $86,900
    $69,500
    $156,400

    Comparable in this City

    • Value Estimation by Request
      1,113 SF

      1151 Cleveland Ave

      CONDOMINIUM OFFICES • 1,113 SF
      1151 Cleveland Ave, East Point, GA 30344-3600
      View Details
    • Value Estimation by Request
      0.34 Acres

      1419 Cleveland Ave

      Churches & religious facilities • 0.34 Acres
      1419 Cleveland Ave, Atlanta, GA 30344
      View Details
    • Value Estimation by Request
      760 SF

      1596 Cleveland Ave

      CONDOMINIUM OFFICES • 760 SF
      1596 Cleveland Ave, East Point, GA 30344-3205
      View Details
    • Value Estimation by Request
      913 SF

      1596 Cleveland Ave

      CONDOMINIUM OFFICES • 913 SF
      1596 Cleveland Ave, East Point, GA 30344-3205
      View Details
    • Value Estimation by Request
      6,539 SF

      2881 Main St

      Office Units • 6,539 SF
      2881 Main St, East Point, GA 30344
      View Details
    • Value Estimation by Request
      791 SF

      1596 Cleveland Ave

      CONDOMINIUM OFFICES • 791 SF
      1596 Cleveland Ave, East Point, GA 30344-3205
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,073 SF

      Renovated Office in Downtown East Point

      Recently renovated office building with ample parking and great visibility.
      1909 Washington Rd, East Point, GA 30344
      View Details
    • $750,000
      4,860 SF

      East Point Commercial Office Building

      Move-in ready office building suitable for various professional services.
      3105 Washington Rd, East Point, GA 30344
      View Details
    • $280,000
      Pending

      Free-Standing Building on Washington Road

      Free-standing building suitable for various business ventures.
      1683 Washington Rd, Atlanta, GA 30344
      View Details
    • $1,400,000
      6,048 SF

      Multi-Tenant Office Investment Opportunity

      Two Atlanta office buildings, 90% occupied, high-yield investment.
      2692 Harris St, Atlanta, GA 30344
      View Details
    • $1,400,000
      0.37 Acres

      Atlanta Multi-Tenant Office Investment

      Two multi-tenant office buildings near Atlanta Airport with high occupancy.
      2692 Harris St, Atlanta, GA 30344
      View Details
    • $579,900
      0.15 Acres

      Turnkey Salon Suites in Atlanta

      Fully renovated commercial property with salon suites in Jefferson Park.
      1469 Wadley Ave, Atlanta, GA 30344
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Multi-Tenant Building in Fulton County

      Multi-tenant building available for lease in East Point, Georgia.
      2210 Sylvan Rd, Atlanta, GA 30344
      View Details
    • Contact for pricing

      East Point Flex Space Available

      Flex space with office, shop, and outside storage.
      3267 Bachelor St, East Point, GA 30344
      View Details
    • Contact for pricing

      Office/Warehouse Near Atlanta Airport

      Multi-tenant office and warehouse buildings in park-like setting.
      3120-3130 South Martin St, East Point, GA 30344
      View Details
    • Sponsored
      Contact for pricing

      GA, East Point - North Desert Drive

      Flexible workspace in GA, East Point - North Desert Drive
      3465 Desert Dr, 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
      15,900 SF

      1486 Willingham Drive, East Point, GA 30344

      Industrial properties • 15,900 SF
      1486 Willingham Dr, East Point, GA 30344
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1596 Cleveland Ave
    East Point, GA 30344-3205
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1596 Cleveland Ave, East Point, GA, 30344
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!