Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3001 Lookout Place Northeast Atlanta, GA 30305

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Office property available for sale in Atlanta, Georgia.

    Type:OFC
    Added:
    Mar 31, 2023
    Days on Market:
    1105
    Last Refresh:
    Apr 3 at 4:57 am

    Property Features for 3001 Lookout Place Northeast

    General Information

    Standard status
    Active
    Property subtype
    OFC

    We can help!

    Listing Contact
    Graham Massell
    Graham Massell

    Listing agent Graham Massell License #373116, Georgia

    Listing office KW Commercial First Atlanta

    Listing date Mar 31, 2023

    Source Realnex

    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 KW Commercial First Atlanta

    Overview

    Office Space for Sale Atlanta

    This commercial real estate offering is an office property located at 3001 Lookout Place Northeast, Atlanta, GA 30305. The property is categorized under office properties and spaces, including other office properties.
    Location Intelligence

    Current Use by Public Records

    Modern Homes Atlanta Construction Company Evans Law, LLC Law Firm

    Suggested Use

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

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

    Similar Places Nearby

    • My V Secretary — 2870 Peachtree Rd #915-7706, Atlanta, GA 30305
    • Sentibox — 2870 Peachtree Rd Suite #915-15703, Atlanta, GA 30305
    • LegalEvidence — 3017 Bolling Way NE #140, Atlanta, GA 30305
    • Metro Computer Atlanta — 2900 Peachtree Road Northwest #T1, Atlanta, GA 30305
    • Office Depot Tech Services — 2625 Piedmont Rd SUITE 200B, Atlanta, GA 30324

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.374505
    Latitude
    33.836744

    Nearby Similar for Sale

    • $799,000
      4,525 SF

      Church Building in Strategic Location

      Church building and property for sale in Atlanta, Georgia.
      2957 Glenwood Avenue SE, Atlanta, GA 30317
      View Details
    • $598,000
      2,742 SF

      Craftsman Farmhouse in Hampton Preserve

      Stunning Craftsman Farmhouse in Atlanta's Hampton Preserve neighborhood.
      2430 Rose Mill Court SW, Atlanta, GA 30311
      View Details
    • $600,000
      4,829 SF

      Free-Standing Retail Building in Atlanta

      4829 SF retail building on 0.314 acres, prime location.
      638 Dill Avenue SW, Atlanta, GA 30310
      View Details
    • $1,400,000
      6,048 SF

      Multi-Tenant Office Investment Opportunity

      Two Atlanta office buildings, 90% occupied, high-yield investment.
      2692 Harris Street, Atlanta, GA 30344
      View Details
    • $499,500
      1,120 SF

      Freestanding Commercial Building on Memorial

      Versatile retail or restaurant space in high-traffic Atlanta corridor.
      1615 Memorial Drive SE, Atlanta, GA 30317
      View Details
    • $650,000
      600 SF

      Prime Atlanta Redevelopment Opportunity

      High-visibility mixed-use redevelopment site near downtown Atlanta.
      226 Northside Drive SW, Atlanta, GA 30313
      View Details
    • $1,000,000
      1,822 SF

      Peachtree Street Retail Condo

      Retail condo zoned C-3, ideal for various retail uses.
      32 Peachtree Street NW unit: Cu2, Atlanta, GA 30303
      View Details
    • $1,000,000
      1,822 SF

      Peachtree Street Retail Condo

      Retail condo in high-traffic area near Woodruff Park.
      32 Peachtree Street NW unit: Cu2, Atlanta, GA 30303
      View Details
    • $650,000
      600 SF

      Prime Atlanta Redevelopment Opportunity

      Redevelopment site in the heart of Atlanta's momentum.
      226 Northside Drive SW, Atlanta, GA 30313
      View Details
    • $870,000
      3,464 SF

      Corner Redevelopment Opportunity in Atlanta

      Prime corner lot with redevelopment potential in Atlanta, Georgia.
      2410 Metropolitan Parkway SW, Atlanta, GA 30315
      View Details
    • $2,200,000
      4,250 SF

      Turnkey Restaurant and Bar Opportunity

      Fully equipped restaurant and bar in Atlanta's growing district.
      281 Peters Street SW, Atlanta, GA 30313
      View Details
    • $300,000
      1,198 SF

      Professional Office Condo in Atlanta

      Well-appointed office suite ideal for various professional services.
      950 Dannon View SW unit: 4201, Atlanta, GA 30331
      View Details

    FAQs

    What type of property is this?
    Office property - Office property available for sale in Atlanta, Georgia.
    Where is this office property located?
    The property is located at 3001 Lookout Place Northeast Atlanta, GA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Office property for sale.; Located in Atlanta, Georgia.
    (404) 754-9800
    We can help!
    Listing Contact
    Graham Massell
    Graham Massell
    Real Estate License ID: 373116, Georgia
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!