Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1117 Perimeter Ctr Atlanta, GA 30338-5451

    • Office buildings
    • 444,160 SF
    • 12.90 lot acres
    OFF-MARKET
    Value Estimations
    $685,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1445557
    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

    • Attaway Linville CPA / Tax Preparation Service / Accountant
    • Ciber Inc / Computer Consultant
    • American Retirement / Retirement Home
    • York Claims Services Inc / Insurance Agency
    • Donovan Adams / Financial Planner

    Property Details for 1117 Perimeter Ctr

    Year built
    1985
    Lot size
    12.90 lot acres
    Property size
    444,160 SF
    Zone code
    OIC
    Property type
    Office buildings
    APN
    17 0019 LL1119
    APU
    170019LL1119

    Description

    This stunning, renovated Class A office building, located in the heart of Sandy Springs/Perimeter Center, offers 392,700 square feet of premium office space. Originally constructed in 1985 and extensively renovated in 2023, this five-story, hexagon-shaped building provides multiple tenancy options ranging from 784 to 61,104 contiguous square feet. Currently, 203,300 square feet are available for lease. The property sits on 12.9 acres and boasts 1,166 parking spaces in a covered three-story deck, along with seven elevators (six passenger, one freight). Amenities include a fully equipped fitness center with showers, sauna, and locker rooms; a reservable conference center; 24/7 keycard access and on-site security; public Wi-Fi; and a newly reimagined outdoor courtyard featuring collaborative workspaces, USB charging stations, a water feature, a putting green, bocce ball/cornhole courts, and a stage area. A coffee bar and self-serve bistro are soon to be added. The building's convenient location offers effortless commuting, with proximity to I-285, GA 400, and the Sandy Springs MARTA station. Zoned OIC in Fulton County, this property represents a unique opportunity for businesses seeking a modern, amenity-rich workspace designed to foster collaboration and enhance productivity. The building's biophilic design prioritizes tenant engagement, hospitality, technology, sustainability, and wellness. On-site property management ensures seamless operations.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $685,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.3522
    Latitude
    33.9308
    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
    $737,975
    $5,224,520
    $17,675,480
    $22,900,000
    -
    $13,061,300
    $44,188,700
    $57,250,000

    Comparable in this City

    • Value Estimation
      $145,000
      525,543 SF

      115 Perimeter Walk

      OFFICE BUILDING • 525,543 SF
      115 Perimeter Walk, Dunwoody, GA 30338
      View Details
    • Value Estimation
      $14,520,000
      166,907 SF

      200 Ashford N Ctr

      OFFICE BUILDING • 166,907 SF
      200 Ashford N Ctr, Atlanta, GA 30338-2668
      View Details
    • Value Estimation
      $660,000
      3,842 SF

      1720 Mt Vernon Rd

      OFFICE BUILDING • 3,842 SF
      1720 Mt Vernon Rd, Atlanta, GA 30338-4269
      View Details
    • Value Estimation
      $225,000
      2,700 SF

      2029 Pernoshal Ct

      OFFICE BUILDING • 2,700 SF
      2029 Pernoshal Ct, Dunwoody, GA 30338-6405
      View Details
    • Value Estimation
      $200,000
      6,405 SF

      1535 Mt Vernon Rd

      OFFICE BUILDING • 6,405 SF
      1535 Mt Vernon Rd, Atlanta, GA 30338-4149
      View Details
    • Value Estimation
      $240,000
      2,492 SF

      1555 Mt Vernon Rd

      OFFICE BUILDING • 2,492 SF
      1555 Mt Vernon Rd, Dunwoody, GA 30338-4103
      View Details

    Similar Nearby for Sale

    • $1,000,000
      7,480 SF

      Dunwoody Office Building For Sale

      Well-maintained office building in Dunwoody, ideal for investors/owner-users.
      2394 Mount Vernon Rd, Atlanta, GA 30338
      View Details
    • $1,750,000
      5,445 SF

      North Atlanta Office Building

      5,445 SF Office, 1+ Acre Lot
      4661 Shallowford Rd, Atlanta, GA 30338
      View Details
    • Contact for pricing

      Dunwoody Office Space Available

      Office space featuring conference rooms, offices, and workstations.
      Dunwoody, GA 30338
      View Details
    • $329,900
      1,168 SF

      Dunwoody Condo with Garden View

      Spacious 2 bed/2 bath condo in Dunwoody with garden view.
      1850 Cotillion Dr, Dunwoody, GA 30338
      View Details
    • $325,000
      1,534 SF

      Dunwoody Condo with Flexible Layout

      Well-maintained condo with split bedroom plan and updated bathrooms.
      4502 Pineridge Cir, Dunwoody, GA 30338
      View Details
    • $695,000
      0.70 Acres

      Land in Dunwoody Area

      Corner lot near Brook Run Park in Atlanta.
      4962 Tilly Mill Rd, Atlanta, GA 30338
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      153,690 SF

      Modern Office Suite Sublease

      Move-in-ready office suite with contemporary finishes and excellent natural light.
      200 Ashford Center Pkwy North, Atlanta, GA 30338
      View Details
    • $26 SF/Yr
      161,247 SF

      Dunwoody Office Space for Lease

      Class A Office Building, Central Perimeter
      100 Ashford Ctr, Dunwoody, GA 30338
      View Details
    • Contact for pricing
      500 SF

      Peachtree Perimeter Office Suites

      Prestigious Dunwoody offices, 150-1000 sq ft.
      1050 Crown Pointe Pkwy, Dunwoody, GA 30338
      View Details
    • $24 SF/Yr
      13,870 SF

      Office Space with On-Site Amenities

      Office space featuring on-site management, security, and modern amenities.
      200 Ashford Ctr N, Atlanta, GA 30338
      View Details
    • $19 SF/Yr
      7,011 SF

      Dunwoody Medical Office Space for Lease

      Efficient medical office space in prime Dunwoody location.
      1750 Old Spring House Ln, Dunwoody, GA 30338
      View Details
    • $25 SF/Yr
      11,452 SF

      Dunwoody Office Space for Lease

      Prime Dunwoody Office, 1,452 SF
      1867 Independence Sq, Dunwoody, GA 30338
      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.
    1117 Perimeter Ctr
    Atlanta, GA 30338-5451
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.