Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prominent Midtown Atlanta Office Tower Title is generated by Realmo AI

    1230 Peachtree Street NE, Atlanta, GA 30309

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Iconic office tower in Midtown Atlanta near Arts Center.

    Type:Retail, Office
    Added:
    Jun 22, 2022
    Days on Market:
    1420
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 1230 Peachtree Street NE

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office

    Spaces For Lease

    at 1230 Peachtree Street NE Contact us

    Suite 450 $34 /Mo

    Size
    11,382 SF
    Type
    Office
    Contact us

    Suite 575 $35 /Mo

    Size
    3,852 SF
    Type
    Office
    Contact us

    Suite 3750 $36 /Mo

    Size
    2,991 SF
    Type
    Office
    Contact us

    Suite 2800 $36 /Mo

    Size
    22,527 SF
    Type
    Office
    Contact us

    Suite 3450 $36 /Mo

    Size
    5,942 SF
    Type
    Office
    Contact us

    Suite 1110 $35 /Mo

    Size
    2,491 SF
    Type
    Office
    Contact us

    Suite 3750 $37 /Mo

    Size
    2,991 SF
    Type
    Office
    30 days
    Contact us

    Suite 3875 $37 /Mo

    Size
    1,303 SF
    Type
    Office
    Contact us

    Suite 3450 $37 /Mo

    Size
    5,942 SF
    Type
    Retail, Office
    Contact us

    Suite 2325 $37 /Mo

    Size
    1,946 SF
    Type
    Office
    Contact us

    Suite 1750 $37 /Mo

    Size
    4,865 SF
    Type
    Office
    Contact us

    Suite 600 $36 /Mo

    Size
    Type
    Office
    Contact us

    Suite 1020 $36 /Mo

    Size
    6,017 SF
    Type
    Office
    Contact us

    Suite 1250 $36 /Mo

    Size
    9,204 SF
    Type
    Office
    Contact us

    Suite 1125 $36 /Mo

    Size
    3,064 SF
    Type
    Office
    Contact us
    Show more

    We can help!

    Listing Contact
    Jeff Dils

    Listing agent Jeff Dils License #GA 329520

    Listing office Cousins

    Listing date Jun 22, 2022

    Source Crexi

    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 Cousins

    HighLights

    • Prime Midtown Atlanta location at Peachtree and 15th Street
    • Iconic office tower with a prominent presence on the Atlanta skyline
    • Walking distance to over 50 restaurants
    • Adjacent to the Woodruff Arts Center
    • Adjacent to the High Museum
    • Conveniently situated

    Overview

    Promenade Tower is located in Midtown Atlanta at the intersection of Peachtree and 15th Street. This iconic office tower is situated in a central location, within walking distance of over 50 restaurants and adjacent to the Woodruff Arts Center and the High Museum.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dionne Sanford, Realtor, ... Real Estate Agency Kasowitz Benson Torres ... Law Firm Every Tech Tech Support Center Promenade Dental Care Dental Office SYNERGYS TECHNOLOGY GROUP ... IT Consulting Firm

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.3882385
    Latitude
    33.7880574

    Nearby Similar for Lease

    • $3,800/Mo

      Versatile Downtown Atlanta Commercial Space

      Adaptable commercial space in a sought-after Atlanta location.
      253 Trinity AVE SW, Atlanta, GA 30303
      View Details
    • $1,750/Mo

      Renovated Office Suites with Skyline Views

      Premium office suites with rooftop terrace in prime location.
      1074 Ponce De Leon Avenue NE, Atlanta, GA 30306
      View Details
    • $500/Mo

      Professional Office Suites in Atlanta

      Flexible office suites in a convenient Atlanta location.
      2100 Parklake Drive NE, Atlanta, GA 30345
      View Details
    • $1,100/Mo

      Premium Beauty and Wellness Suites

      Private suites in a high-end Atlanta wellness studio.
      5600 Roswell Road, Atlanta, GA 30342
      View Details
    • $1,800/Mo

      Westview Commercial Space Near Beltline

      Commercial space near the Beltline, ideal for retail or church.
      1583 Ralph David Abernathy Boulevard SW, Atlanta, GA 30310
      View Details
    • $3,000/Mo

      Office Condo in Cascade Park

      Well-appointed office condo for lease in Atlanta's Cascade area.
      950 Dannon View SW, Atlanta, GA 30331
      View Details
    • $3,000/Mo

      Office Condo in Cascade Park

      Well-appointed office condo for lease in Atlanta's Cascade area.
      950 Dannon View SW, Atlanta, GA 30331
      View Details
    • $6,500/Mo

      Brookhaven Commercial Space with Apartment

      Versatile commercial property with sanctuary, offices, and apartment.
      3593 Clairmont Road, Brookhaven, GA 30319
      View Details
    • $1,800/Mo

      Atlanta Commercial Space For Lease

      Commercial space near the Beltline, suitable for church or business.
      1583 Ralph David Abernathy Boulevard SW, Atlanta, GA 30310
      View Details
    • $2,500/Mo

      Versatile Retail/Office Space Available Now

      2962 sqft retail/office space in vibrant Doraville location.
      5953 Buford Highway NE, Atlanta, GA 30340
      View Details
    • $1,100/Mo

      Piedmont Avenue Boutique Office Suite

      Two-room office suite near Piedmont Park and Midtown MARTA.
      741 PIEDMONT Avenue NE, Atlanta, GA 30308
      View Details
    • $3,800/Mo

      Adaptable Commercial Space in Atlanta

      Versatile commercial space in Downtown Atlanta, ideal for various ventures.
      253 Trinity Avenue SW, Atlanta, GA 30303
      View Details

    FAQs

    What type of property is this?
    Office building - Iconic office tower in Midtown Atlanta near Arts Center.
    Where is this office building located?
    The property is located at 1230 Peachtree Street NE Atlanta, GA.
    What are key features of this property?
    This property features: Prime Midtown Atlanta location at Peachtree and 15th Street; Iconic office tower with a prominent presence on the Atlanta skyline; Walking distance to over 50 restaurants
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jeff Dils
    Real Estate License ID: GA 329520
    Learn More
    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.
    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
    1230 Peachtree Street NE, Atlanta, GA 30309
    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!