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    405 Pharr Rd Atlanta, GA 30305

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    For Sale
    Contact for pricing

    Prime Buckhead location, 0.66 acres, redevelopment opportunity.

    Property Features for 405 Pharr Rd

    General Information

    Property type
    Medical Office Space
    Class
    A
    Lot Size
    28,750 SF

    Building Details

    Buildings
    4

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    Listing Contact
    Graham Massell
    Graham Massell

    Listing Agency: KW Commercial Peachtree Road Listing Agent: Graham Massell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 0.66-acre assemblage in Atlanta's coveted Buckhead area presents a unique redevelopment opportunity. Comprising four adjacent parcels at 405 Pharr Rd NE and 2995, 3001, and 3005 Lookout Pl NE, this property boasts a prime location within the SPI 9 Buckhead Village District, Subarea 3: Extended Village. The site's strategic position on busy Pharr Road ensures high visibility and accessibility, while its corner location on Lookout Place serves as a gateway to the desirable Garden Hills residential neighborhood. Built between 1930 and 1950, the existing structures offer a blank canvas for a mixed-use development, permitted under the current zoning. The property's proximity to Frankie Allen Park provides access to numerous amenities, including walking trails, sports fields, and picnic areas. This presents an exceptional chance to create a high-end, environmentally conscious, mid-rise development that capitalizes on the area's strong demand and vibrant atmosphere. The four buildings currently house four tenants, offering flexibility for future plans. This is a rare opportunity to acquire a significant parcel in one of Atlanta's most sought-after commercial districts. The 0.66 acres offer considerable potential for a variety of development options, making this an ideal investment for discerning developers seeking a high-impact project in a prime location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Hibachi Ninja Restaurant Chiropractic Healthcare of Buckhead Alternative Medicine Practice Bruce Salzinger, DC Alternative Medicine Practice MOBLSPA Online Booking Alternative Medicine Practice Christian Garcia Torres Alternative Medicine Practice

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.3746299
    Latitude
    33.836869

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    FAQs

    What type of property is this?
    Medical Office Space - Prime Buckhead location, 0.66 acres, redevelopment opportunity.
    Where is this medical office space located?
    The property is located at 405 Pharr Rd Atlanta, GA.
    What are key features of this property?
    This property features: Prime Buckhead location ideal for development.; 0.66-acre site zoned SPI 9, offering versatile development options.; High-traffic Pharr Road location ensures excellent visibility and accessibility.
    (404) 419-3500 Call to check price and availability
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    405 Pharr Rd Atlanta, GA 30305
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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
    405 Pharr Rd Atlanta, GA 30305
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Graham Massell
    Graham Massell
    Real Estate License ID: 373116
    (404) 419-3500 (404) 255-6810
    Learn more
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