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

    1170 Peachtree St NE Atlanta, GA 30309

    • Office buildings
    • 564,650 SF
    • 1.22 lot acres
    For Lease
    View listing
    $36 SF/Yr
    Last Sale
    Aug 01, 2024
    $83,250,000
    Value Estimations
    $83,250,000
    Cap Rate Potential
    9.7%
    Office buildings
    Location Intelligence
    Property ID
    US22-1371578
    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

    • All Pro Appliance and Refrigerator Repair of Atlanta / Home Appliance Store
    • Butler Snow LLP / Law Firm
    • fire dept / Hospital
    • BakerHostetler / Law Firm
    • Baker & Hostetler LLP / Law Firm

    Property Details for 1170 Peachtree St NE

    Year built
    2000
    Lot size
    1.22 lot acres
    Property size
    564,650 SF
    Zone code
    PDOC
    Property type
    Office buildings
    APN
    17 010600050465
    APU
    17010600050465

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      Off market
      ML approach
      Off market

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.3837
    Latitude
    33.7863
    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
    $2,591,369
    $1,588,760
    $54,259,720
    $55,848,480
    -
    $3,971,900
    $135,649,300
    $139,621,200

    Comparable in this City

    • Value Estimation
      $3,995,000
      37,195 SF

      60 8th NE St

      OFFICE BUILDING (MULTI-STORY) • 37,195 SF
      60 8th NE St, Atlanta, GA 30309-3959
      View Details
    • Value Estimation
      $3,645,000
      35,352 SF

      1052 Peachtree NW St

      OFFICE BUILDING (MULTI-STORY) • 35,352 SF
      1052 Peachtree NW St, Atlanta, GA 30309
      View Details
    • Value Estimation
      $14,330,000
      79,674 SF

      1315 Peachtree NE St

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 79,674 SF
      1315 Peachtree NE St, Atlanta, GA 30309-7515
      View Details
    • Value Estimation
      $17,130,000
      717,799 SF

      1000 Peachtree NE St

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 717,799 SF
      1000 Peachtree NE St, Atlanta, GA 30309-3904
      View Details
    • Value Estimation by Request
      278,001 SF

      1371 Peachtree NE St

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 278,001 SF
      1371 Peachtree NE St, Atlanta, GA 30309-3125
      View Details
    • Value Estimation by Request
      5,440 SF

      81 Peachtree NW Pl

      OFFICE BUILDING (MULTI-STORY) • 5,440 SF
      81 Peachtree NW Pl, Atlanta, GA 30309
      View Details

    Similar Nearby for Sale

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      Renovated Condo with Private Garage

      Charming, renovated 2-bedroom condo in desirable Ardmore Park neighborhood.
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    • $399,900

      Midtown Condo with City Views

      Spacious 1-bedroom condo with city views and private balcony.
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    • $383,000
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      Midtown Condo with Skyline View

      Two-bedroom condo in Midtown with concierge and included utilities.
      147 15Th St NE, Atlanta, GA 30309
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    • $449,900
      1,196 SF

      Midtown Condo with City Views

      Updated 12th-floor condo with city views and resort-style amenities.
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    • $383,000
      1,483 SF

      Midtown Condo with Skyline View

      Two-bedroom condo in Midtown with concierge and included utilities.
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      Midtown Condo with Skyline Views

      Two-bedroom condo in Plaza Midtown with city views and modern amenities.
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    Similar Nearby for Lease

    • $28 SF/Yr
      365,520 SF

      LEED Certified Office Space Available

      Energy Star rated, renovated office building with skyline views.
      1718 Peachtree St, Atlanta, GA 30309
      View Details
    • Contact for pricing
      30,684 SF

      Class A Office Building Atlanta

      Class A office building in Midtown Atlanta with recent upgrades.
      1200 Peachtree St NE, Atlanta, GA 30309
      View Details
    • $36 SF/Yr
      5,942 SF

      Office Space on Peachtree Street

      Office space available for lease in Atlanta, GA.
      1230 Peachtree St NE, Atlanta, GA 30309
      View Details
    • $5,750 /Mo
      10,054 SF

      Office Space with Concrete Decks

      Office space featuring a large open area and concrete decks.
      Atlanta, GA 30309
      View Details
    • $36 SF/Yr
      5,812 SF

      Office Space Available for Rent

      5,812 square feet of office space for lease.
      1170 Peachtree St NE, Atlanta, GA 30309
      View Details
    • Contact for pricing

      Midtown Retail and Office Space

      Retail and office spaces available in Midtown Atlanta.
      1492 Piedmont Ave NE, Atlanta, GA 30309
      View Details
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    1170 Peachtree St NE
    Atlanta, GA 30309
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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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