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    1995 N Park Pl SE Atlanta, GA 30339

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    For Lease
    Contact for pricing

    Professional office environment with convenient access to major highways.

    Type:Office
    Added:
    Jul 6, 2023
    Days on Market:
    1019
    Last Refresh:
    Mar 17 at 1:18 pm

    Property Features for 1995 N Park Pl SE

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1985

    Spaces For Lease

    at 1995 N Park Pl SE Contact us

    Suite 435 $21 /Mo

    Size
    1,290 SF
    Type
    Office
    reception, 4 exterior window offices
    Contact us

    Suite 507 $33 /Mo

    Size
    261 SF
    Type
    Office
    Window office includes shared waiting areas, conference rooms, huddle rooms, lounge,...
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    Contact us

    Suite 501 $25 /Mo

    Size
    173 SF
    Type
    Office
    Interior office includes shared waiting areas, conference rooms, huddle rooms, lounge,...
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    Contact us

    Suite 550 $22 /Mo

    Size
    3,454 SF
    Type
    Office
    large, open space
    Contact us

    Suite 310G $32 /Mo

    Size
    267 SF
    Type
    Office
    Window office includes shared waiting areas, conference rooms, huddle rooms, lounge,...
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    Suite 425 $22 /Mo

    Size
    1,463 SF
    Type
    Office
    Reception, 2 window office, 2 interior office
    Contact us

    Suite 310O $28 /Mo

    Size
    252 SF
    Type
    Office
    Window office includes shared waiting areas, conference rooms, huddle rooms, lounge,...
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    Contact us

    Suite 400D $17 /Mo

    Size
    565 SF
    Type
    Office
    Private reception area and interior office. Includes shared conference rooms, huddle...
    show more
    Contact us

    Suite 310D $28 /Mo

    Size
    387 SF
    Type
    Office
    Window office includes shared waiting areas, conference rooms, huddle rooms, lounge,...
    show more
    Contact us

    Suite 503 $33 /Mo

    Size
    143 SF
    Type
    Office
    Interior office includes shared waiting areas, conference rooms, huddle rooms, lounge,...
    show more
    Contact us

    Suite 400B $28 /Mo

    Size
    583 SF
    Type
    Office
    Private reception area and interior office. Includes shared conference rooms, huddle...
    show more
    Contact us

    Suite 450 $22 /Mo

    Size
    2,338 SF
    Type
    Office
    Reception Area, 4 Window Offices, 2 Interior Offices, Kitchen, Break Area, Sink,...
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    Contact us

    Suite 565 $22 /Mo

    Size
    1,741 SF
    Type
    Office
    Bullpen, conference room, three window offices
    Contact us

    Suite 310T $24 /Mo

    Size
    277 SF
    Type
    Office
    Interior office includes shared waiting areas, conference rooms, huddle rooms, lounge,...
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    Contact us

    Suite 400.WS $29 /Mo

    Size
    4,236 SF
    Type
    Office
    Corner Location 2 Entrances. Reception, 6 Window Offices, 5 Interior Offices. Includes...
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    Contact us

    Suite 400L $22 /Mo

    Size
    404 SF
    Type
    Office
    Window office includes shared waiting areas, conference rooms, huddle rooms, lounge,...
    show more
    Contact us

    Suite 505.WS $27 /Mo

    Size
    5,054 SF
    Type
    Office
    Private Reception Arean9 Window Officesn13 Micro OfficesnIncludes Shared Waiting...
    show more
    Contact us

    Suite 310.WS $29 /Mo

    Size
    5,866 SF
    Type
    Office
    Reception Area, 12 Window Offices, 9 Interior Offices, 2 Conference Rooms, 1 Bullpen,...
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    Contact us

    Suite 330 $22 /Mo

    Size
    3,791 SF
    Type
    Office
    5 Window Officesn1 Large Conference Roomn1 Storage Roomn1 Large Kitchen
    Contact us

    Suite 518 $26 /Mo

    Size
    468 SF
    Type
    Office
    Private reception area and window office. Includes shared conference rooms, huddle...
    show more
    Contact us

    Suite 400K $26 /Mo

    Size
    401 SF
    Type
    Office
    Window office includes shared waiting areas, conference rooms, huddle rooms, lounge,...
    show more
    Contact us

    Suite 325 $23 /Mo

    Size
    2,471 SF
    Type
    Office
    Reception Area, 5 Window Offices, 1 Interior Office, 1 Large Conference Room, 1 Storage...
    show more
    Contact us

    Suite 310V $27 /Mo

    Size
    248 SF
    Type
    Office
    Interior office includes shared waiting areas, conference rooms, huddle rooms, lounge,...
    show more
    Contact us

    Suite 310E $31 /Mo

    Size
    630 SF
    Type
    Office
    Contact us

    Suite 420 $27 /Mo

    Size
    675 SF
    Type
    Office
    2 window offices, work area, reception area
    Contact us
    Show more

    We can help!

    Listing Contact
    David Barry

    Listing agent David Barry License #GA

    Listing office Boxer Property

    Listing date Jul 6, 2023

    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 Boxer Property

    Overview

    Class A Office Space Available

    North Park Place offers a professional Class A office environment with quality, affordable office space. The property features on-site property management and leasing services. Ample surface and garage parking are available, with covered walkways. Security is provided on-site, along with 24-hour secure key card access. Located in Northwest Atlanta, the property is near Cobb Galleria Centre and Dobbin’s Air Force Base. It provides convenient access to I-75 and I-285. Free space planning is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Valtious Analytics (Bike/Boat/Book/etc) Store Vertical Synergies Inc (Bike/Boat/Book/etc) Store Jacobs Business Consulting ... Advertising Agency DeMario Black, CPA Accounting Firm Zambrano & Ruiz Immigration ... Law Firm

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Daycare Center Building Supply Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.479155
    Latitude
    33.905218

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    FAQs

    What type of property is this?
    Office units - Professional office environment with convenient access to major highways.
    Where is this office units located?
    The property is located at 1995 N Park Pl SE Atlanta, GA.
    What are key features of this property?
    This property features: Class A office environment in Northwest Atlanta; Easy access to I‑75 and I‑285; Ample surface and garage parking with covered walkways
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    David Barry
    Real Estate License ID: GA
    Learn More
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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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