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    3344 Peachtree Rd Atlanta, GA 30326

    • Office buildings
    • 612,096 SF
    • 2.89 lot acres
    For Lease
    View listing
    $50 SF/Yr
    Last Sale
    Jul 31, 2023
    $439,000
    Value Estimations
    $370,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0852865
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Datasite / Software Company / Business To Business Service
    • Antwerp Sales / Wholesale Jeweler
    • Coleman Talley LLP / Attorney / Legal Services
    • Brothers Auto Transport / Trucking Company
    • Bistro Niko / Bistro / French Restaurant

    Property Details for 3344 Peachtree Rd

    Year built
    2007
    Lot size
    2.89 lot acres
    Property size
    612,096 SF
    Zone code
    C3
    Property type
    Office buildings
    APN
    17 0062 LL0406
    APU
    170062LL0406

    Description

    Sovereign, a landmark 26-story executive office building in Atlanta's Buckhead neighborhood, offers exceptional office space for lease. Located at 3344 Peachtree Road NE, zip code 30326, this Fulton County property boasts a total of 484,000 square feet. Multiple tenancy options are available, with spaces ranging from a minimum of 3,185 square feet to a maximum contiguous space of 8,831 square feet. Currently, 26,000 square feet of vacant space is ready for immediate occupancy. The building provides ample parking with a ratio of 2.5 spaces per 1,000 square feet. Power is robust, featuring a 3,000 amp service. This iconic tower is known for its prime location, offering unparalleled access to major roadways and highways. Its proximity to the MARTA Buckhead station adds to its convenience. The building's prestigious address and amenities make it one of Atlanta's most sought-after office locations. This is an exceptional opportunity to secure high-quality office space in a vibrant and well-connected area of Atlanta.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $370,000
      ML approach
      $720,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.3688
    Latitude
    33.8472
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,922,586
    $3,304,320
    $62,519,680
    $65,824,000
    -
    $8,260,800
    $156,299,200
    $164,560,000

    Comparable in this City

    • Value Estimation
      $785,000
      847,094 SF

      945 Paces Fry NE Rd

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 847,094 SF
      945 Paces Fry NE Rd, Atlanta, GA 30326-1160
      View Details
    • Value Estimation
      $860,000
      506,190 SF

      3438 Peachtree NE Rd

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 506,190 SF
      3438 Peachtree NE Rd, Atlanta, GA 30326-1554
      View Details
    • Value Estimation
      $705,000
      461,400 SF

      3414 Peachtree NE Rd

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 461,400 SF
      3414 Peachtree NE Rd, Atlanta, GA 30326-1153
      View Details
    • Value Estimation by Request
      451,888 SF

      3455 Peachtree NE Rd

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 451,888 SF
      3455 Peachtree NE Rd, Atlanta, GA 30326-3254
      View Details
    • Value Estimation
      $495,000
      899,673 SF

      3560 Lenox NE Rd

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 899,673 SF
      3560 Lenox NE Rd, Atlanta, GA 30326-4266
      View Details
    • Value Estimation
      $780,000
      427,507 SF

      3333 Peachtree NE Rd

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 427,507 SF
      3333 Peachtree NE Rd, Atlanta, GA 30326-1070
      View Details

    Similar Nearby for Sale

    • $1,990,000
      5,530 SF

      Buckhead Grand Office Condo

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      36th-floor condo with city views, balcony, and premium amenities.
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      Buckhead Land Opportunity Near Lenox

      Prime 1.2-acre site in Buckhead's financial district.
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      Luxury condo with stunning views and top-notch amenities.
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    Similar Nearby for Lease

    • Contact for pricing

      Class A Office in Buckhead

      Prestigious 27-story office building in Atlanta's Buckhead district.
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      View Details
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      Class A Office Space Atlanta

      Premier office space in Buckhead's Monarch Centre complex.
      3424 Peachtree Rd NE, Atlanta, GA 30326
      View Details
    • $22 SF/Yr
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      Atlanta Pinnacle Office Suites

      Prestigious Buckhead Office Space Available
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    • $50 SF/Yr
      484,000 SF

      Sovereign Office Suites, Buckhead

      Prestigious Buckhead Office Space Available
      3344 Peachtree Rd, Atlanta, GA 30326
      View Details
    • Contact for pricing
      2,000 SF

      Buckhead Office Suites Available

      Atlanta Executive Office Space, Flexible Terms
      3355 Lenox Rd, Atlanta, GA 30326
      View Details
    • Contact for pricing
      2,500 SF

      Buckhead Office Suites Available

      Prime Atlanta location, flexible office spaces.
      3379 Peachtree Rd, Atlanta, GA 30326
      View Details
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    Atlanta, GA 30326
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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
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