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    Landmark Atlanta Office Towers Title is generated by Realmo AI

    6 Concourse Pkwy, Sandy Springs, GA 30328

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    Renovated office spaces with comprehensive amenities and services.

    Type:Office
    Added:
    Dec 4, 2024
    Days on Market:
    547
    Last Refresh:
    May 11 at 11:25 pm

    Property Features for 6 Concourse Pkwy

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 6 Concourse Pkwy Contact us

    Suite 2150 $38/Mo

    Size
    3,454 SF
    Type
    Office
    Contact us

    Suite 2600 $41/Mo

    Size
    24,370 SF
    Type
    Office
    Contact us

    Suite 550 $38/Mo

    Size
    8,403 SF
    Type
    Office
    Contact us

    Suite 1100 $38/Mo

    Size
    24,518 SF
    Type
    Office
    Contact us

    Suite 975 $38/Mo

    Size
    6,230 SF
    Type
    Office
    Contact us

    Suite 1625 $38/Mo

    Size
    10,342 SF
    Type
    Office
    Contact us

    Suite 900 $38/Mo

    Size
    7,703 SF
    Type
    Office
    Contact us

    Suite 220 $38/Mo

    Size
    1,475 SF
    Type
    Office
    Contact us

    Suite 800 $38/Mo

    Size
    20,111 SF
    Type
    Office
    Contact us

    Suite 1550 $38/Mo

    Size
    6,117 SF
    Type
    Office
    Contact us

    Suite 1700 $38/Mo

    Size
    14,133 SF
    Type
    Office
    Contact us

    Suite 2225 $38/Mo

    Size
    4,345 SF
    Type
    Office
    Contact us

    Suite 1000 $38/Mo

    Size
    24,518 SF
    Type
    Office
    Contact us

    Suite 1515 $38/Mo

    Size
    2,030 SF
    Type
    Office
    Contact us

    Suite 1200 $38/Mo

    Size
    24,265 SF
    Type
    Office
    Contact us

    Suite 3300 $38/Mo

    Size
    12,007 SF
    Type
    Office
    Contact us

    Suite 450 $39/Mo

    Size
    13,398 SF
    Type
    Office
    Contact us

    Suite 1450 $38/Mo

    Size
    8,056 SF
    Type
    Office
    Contact us

    Suite 1400 $38/Mo

    Size
    3,309 SF
    Type
    Office
    Contact us

    Suite 2425 $38/Mo

    Size
    5,054 SF
    Type
    Office
    Contact us
    Show more

    We can help!

    Listing Contact
    Rj Zurak

    Listing agent Rj Zurak License #GA

    Listing office Newmark - Atlanta - 3455 Peachtree Road

    Listing date Dec 4, 2024

    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 Newmark - Atlanta - 3455 Peachtree Road

    HighLights

    • Landmark Atlanta Skyline Towers: Iconic and highly recognizable buildings.
    • Comprehensive Amenities: Cafés, restaurants, shops, conference center, and auto detailing.
    • Health and Wellness Focus: Enjoy 2 miles of trails and the Concourse Athletic Club with extensive facilities.
    • Recently Renovated: Modernized spaces and a market‑leading work environment.
    • Employee‑Centric Environment: Programs and services extending beyond the leased premises.
    • On‑site Hotel and KinderCare: Convenient for visitors and employees with children.

    Overview

    Concourse 5 & 6, known as the King and Queen towers, are recognizable features of the Atlanta skyline. These towers offer 25,000-square-foot floor plates with a variety of spaces, including multi-floor blocks, open white-box offices, and modern spec suites. Recent renovations have created a market-leading atmosphere. The renovation focused on employee needs, providing an environment where employees benefit from programs and services beyond the leased premises. Amenities include cafes, restaurants, indoor and outdoor community spaces, Wi-Fi-equipped and electrified connected spaces, convenience shops, a shoeshine, a newsstand, a coffee shop, a conference center, and a parking garage with auto detailing services. The campus promotes health and wellness with 2 miles of trails and the Concourse Athletic Club, which features an indoor track, tennis courts, indoor and outdoor pools, a basketball court, spa services, tennis, pickleball, and more. Organizations have access to services such as social events, discounted tickets, tenant appreciation events, and charity drives. A KinderCare and a newly renovated 372-room Westin hotel are also located on the campus.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sandy Springs
    County
    Cobb
    State
    Georgia
    Longitude
    -84.3852
    Latitude
    33.9325

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      Grocery Anchored Shopping Center Space

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      Office Space in Lakeside Commons

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      Downtown Sandy Springs Office Space

      Quality office space available in downtown Sandy Springs.
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    • $2,650/Mo

      Move-in Ready Office Suites

      Renovated office suites in the heart of Central Perimeter.
      6111 Peachtree Dunwoody Rd, Building F, Sandy Springs, GA 30328
      View Details
    • Contact for pricing
      12,931 SF

      Class A Office Sublease Available

      12,931 SF Class A office space for sublease.
      1 Glenlake Parkway Northeast, Sandy Springs, GA 30328
      View Details
    • Contact for pricing
      43,229 SF

      Sandy Springs Office Space Available

      43,229 square foot office space for rent.
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      View Details

    FAQs

    What type of property is this?
    Office building - Renovated office spaces with comprehensive amenities and services.
    Where is this office building located?
    The property is located at 6 Concourse Pkwy Sandy Springs, GA.
    What is the lease rate?
    The lease rate is $38 SF/Yr.
    What are key features of this property?
    This property features: Landmark Atlanta Skyline Towers: Iconic and highly recognizable buildings.; Comprehensive Amenities: Cafés, restaurants, shops, conference center, and auto detailing.; Health and Wellness Focus: Enjoy 2 miles of trails and the Concourse Athletic Club with extensive facilities.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Rj Zurak
    Real Estate License ID: GA
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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.

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