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    150 Technology Pkwy Peachtree Corners, GA 30092

    For Sale
    $2,100,000

    Georgia Biotech Office Building: Owner/User or Investment

    Property size:
    20,580 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 20,580 square foot medical office and biotech facility, situated on a 2.55-acre lot in Peachtree Corners, Georgia, presents a compelling investment opportunity. Built in 1971 and renovated in 1994, the property is located at 150 Technology Parkway, within the desirable Northeast Office Submarket of Atlanta, offering easy highway access and ample amenities. Currently approximately 50% leased to long-standing biotech tenants on month-to-month agreements, this single-story building provides an owner-user opportunity to minimize build-out costs for expansion or relocation, potentially occupying the entire space or a portion while generating income from existing tenants. Alternatively, this property offers significant value-add potential for investors seeking cash flow and below-replacement cost acquisition, with options for lease-up, redevelopment, or repurposing. The property's attractive physical appearance, mature landscaping, and ample parking contribute to its strong curb appeal and tenant desirability. The ongoing capital improvements in the area ensure the property's viability as a tenant alternative for years to come. The asking price is $2,100,000. This represents a unique chance to acquire a high-quality biotech property in a prime Atlanta location.

    Property Features for 150 Technology Pkwy

    General Information

    Property type
    Life science properties
    Square Feet
    20,580 SF
    Lot Size
    111,078 SF

    Building Details

    Year Built/Renovated
    1971/1994

    HighLights

    • Owner‑user opportunity: 20,580 SF medical/biotech building in Peachtree Corners, GA, currently 50% leased to month‑to‑month biotech tenants, offering significant cost savings for build‑out.
    • Value‑add investment opportunity: Below‑replacement cost acquisition with potential for lease‑up, redevelopment, or repurposing to increase cash flow.
    • Redevelopment and re‑leasing opportunity: Prime opportunity to add value by redeveloping or repurposing the existing facility and re‑leasing to new tenants.
    • Covered land play: Existing cash flow from month‑to‑month tenants provides a strong foundation for a land play investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Life science properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Auto Repair Shop Wholesale Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Peachtree Corners
    County
    Gwinnett
    State
    Georgia
    Longitude
    -84.218205
    Latitude
    33.9633646

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    FAQs

    What type of property is this?
    Life science property - Georgia Biotech Office Building: Owner/User or Investment
    Where is this life science property located?
    The property is located at 150 Technology Pkwy Peachtree Corners, GA.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: Owner-user opportunity: 20,580 SF medical/biotech building in Peachtree Corners, GA, currently 50% leased to month-to-month biotech tenants, offering significant cost savings for build-out.; Value-add investment opportunity: Below-replacement cost acquisition with potential for lease-up, redevelopment, or repurposing to increase cash flow.; Redevelopment and re-leasing opportunity: Prime opportunity to add value by redeveloping or repurposing the existing facility and re-leasing to new tenants.
    Request Owner's contact information
    150 Technology Pkwy Peachtree Corners, GA 30092
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    Realmo Value Estimation

    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.

    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.

    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
    150 Technology Pkwy Peachtree Corners, GA 30092
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