Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    115 Perimeter Center Pkwy Atlanta, GA 30346

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    115 Perimeter Center Pkwy Atlanta, GA 30346

    View on Map
    • Office properties & Spaces
    • 533,404 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Michelle Disher, Realtor / Real Estate Agency
    • Morneau Shepell Ltd. / Employment Agency / Business Service Center
    • Stealth partner group / Corporate Office
    • Cambridge Wealth Counsel / Financial Advisor
    • The Preston Partnership LLC / Interior Design / Home Decor Store

    Property Details for 115 Perimeter Center Pkwy

    Year built
    1986
    Property size
    533,404 SF
    Property type
    Office properties & Spaces

    Description

    South Terraces, located at 115 Perimeter Center Pkwy NE in Dunwoody, Georgia (zip code 30346), offers a prime opportunity for businesses seeking executive office space in DeKalb County. This eleven-story, Class A building, constructed in 1986, boasts an award-winning design featuring clear glass and a striking greenery-covered trellis. The building totals 533,404 square feet and is currently offering a contiguous block of 25,826 square feet of vacant space, ideal for a single large tenant. However, the property is also suitable for multiple tenants, with a minimum divisible space of 25,000 square feet. The building's impressive design is complemented by its convenient location within the Perimeter area and its connection to the North Terraces via an atrium, offering easy access and potential for synergy with other businesses. This exceptional property presents a rare opportunity to secure prestigious office space in a highly sought-after location. The available space is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    DeKalb
    State
    Georgia
    Longitude
    -84.3399
    Latitude
    33.9287

    Comparable in this City

    • Value Estimation by Request
      115,000 SF

      1151 Hammond Dr

      Individual retail properties • 115,000 SF
      1151 Hammond Dr, Dunwoody, GA 30346
      View Details
    • Value Estimation by Request
      18,181 SF

      303 Perimeter Center Pkwy

      Office Units • 18,181 SF
      303 Perimeter Center Pkwy, Dunwoody, GA 30346
      View Details
    • Value Estimation
      $1,280,000
      489,875 SF

      1224 Hammond NE Dr

      OFFICE BUILDING • 489,875 SF
      1224 Hammond NE Dr, Atlanta, GA 30346-1537
      View Details
    • Value Estimation
      $20,740,000
      190,874 SF

      303 Perimeter N Ctr

      OFFICE BUILDING • 190,874 SF
      303 Perimeter N Ctr, Atlanta, GA 30346-3402
      View Details
    • Value Estimation
      $3,150,000
      7,326 SF

      4373 Ashford Dunwoody NE Rd

      OFFICE BUILDING • 7,326 SF
      4373 Ashford Dunwoody NE Rd, Atlanta, GA 30346
      View Details
    • Value Estimation
      $13,475,000
      135,660 SF

      223 Perimeter Ctr NE Pkwy

      OFFICE BUILDING • 135,660 SF
      223 Perimeter Ctr NE Pkwy, Atlanta, GA 30346-1301
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Dunwoody Office Building For Sale

      6,000 SF office building in Atlanta's #1 office market.
      4681 Ashford Dunwoody Rd, Dunwoody, GA 30346
      View Details
    • Contact for pricing

      Prime Location Development Opportunity

      Development site in Atlanta's #1 office market.
      Ashford Dunwoody Rd & Perimeter Ctr N, Dunwoody, GA 30346
      View Details
    • $325,000

      Luxury Condo in Perimeter/Dunwoody

      Top-floor corner unit with modern amenities and convenient location.
      11 Perimeter Ctr E, Atlanta, GA 30346
      View Details
    • Contact for pricing

      Perimeter Mall Mixed-Use Opportunity

      1.2-acre mixed-use opportunity with retail pads fronting Ashford Dunwoody Road.
      84 Perimeter Center Pkwy East, Atlanta, GA 30346
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space in Parkland Setting

      Office space in Dunwoody's Perimeter district, near major routes.
      303 Perimeter Center Pkwy North, Dunwoody, GA 30346
      View Details
    • Contact for pricing

      Prestigious Office and Retail Space

      Prime location with seamless connectivity to Atlanta's key districts.
      3 Ravinia Dr, Atlanta, GA 30346
      View Details
    • Contact for pricing

      Eleven-Story Office Building For Rent

      Award-winning design in Perimeter area, connected to North Terraces.
      115 Perimeter Center Pkwy NE, Dunwoody, GA 30346
      View Details
    • Contact for pricing

      Perimeter Center Parkway Retail Opportunity

      Retail/restaurant space in mixed-use development near State Farm campus.
      245 Perimeter Center Pkwy, Atlanta, GA 30346
      View Details
    • Contact for pricing

      Sublease Opportunity with Covered Parking

      26,482 SF office space available for sublease through June 2028.
      400 Perimeter Center Ter NE, Atlanta, GA 30346
      View Details
    • Sponsored
      Contact for pricing

      Sterling Pointe II

      Discover many ways to work your way in Sterling Pointe II
      303 Perimeter Center Pkwy, Dunwoody, GA 30346
      View Details
    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.
    115 Perimeter Center Pkwy
    Atlanta, GA 30346
    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!