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    1200 Ashwood Pkwy Dunwoody, GA 30338-4767
    Property profile & analytics

    1200 Ashwood Pkwy, Dunwoody, GA 30338-4767

    View on Map
    • Office buildings
    • 231,537 SF
    • 9.99 lot acres
    Off-Market
    Last Sale Sep 30, 2024
    $11,300,000
    Property ID
    US22-1780549
    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.
    Value Estimations
    $11,260,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 1200 Ashwood Pkwy

    Year built
    1984
    Construction
    CONCRETE
    Lot size
    9.99 lot acres
    Zone code
    X
    Property type
    Office buildings
    APN
    18 349 01 039
    APU
    1834901039

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 30, 2024 $11,300,000 Ashwood Grove LLC Jpmbb Commercial Mortgage Securitie Warranty Deed $7M · White Oak Assets
    May 16, 2024 — Saren Development Group LLC Jpmbb 2015 C30 Ashwood Parkway LLC Quit Claim Deed · related —
    Apr 3, 2024 $7,125,000 Jpmbb 2015 C30 Ashwood Parkway LLC Albany Road Ashwood LLC Warranty Deed —
    Jan 2, 2024 — Saren Development Group LLC 2008 Development Co LLC Quit Claim Deed · related —

    Description

    This 198,431 square foot, five-story office building presents a compelling value-add investment opportunity in Atlanta's Central Perimeter. Located at 1200 Ashwood Parkway in Dunwoody, DeKalb County, Georgia (zip code 30338), this multi-tenant property (16 tenants) currently boasts 36% occupancy. Built in 1985, the building features 610 parking spaces and is situated on approximately 11.64 acres, offering significant redevelopment potential. The property benefits from a prime location within a thriving suburban office market, proximate to affluent neighborhoods, major transportation arteries, and abundant amenities. On-site amenities include a cafe, fitness center, security, and a conference center. The building is also within walking distance of the Perimeter Marketplace, anchored by Publix, and other nearby developments. The current lease roll generates positive cash flow, even at the current occupancy rate, and three recent lease renewals demonstrate strong leasing momentum. This distressed asset is priced well below replacement cost, offering a significant discount to comparable properties in the area and presenting a unique opportunity for investors seeking substantial upside through lease-up or redevelopment. The surrounding area features high average household incomes and recent high-value home sales, further supporting the property's long-term potential. This is a rare chance to acquire a well-located asset with significant upside in a highly desirable Atlanta submarket.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,125,000
      ML approach
      $7,125,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Dunwoody
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.341
    Latitude
    33.9338
    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
    2024
    $412,702
    $1,607,520
    $7,713,785
    $9,321,305
    -
    $4,018,800
    $19,284,462
    $23,303,262

    Comparable in this City

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      1720 Mt Vernon Rd

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      2,700 SF

      2029 Pernoshal Ct

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    • Value Estimation
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      6,405 SF

      1535 Mt Vernon Rd

      OFFICE BUILDING
      1535 Mt Vernon Rd, Atlanta, GA 30338-4149
      View Details
    • Value Estimation
      $605,000
      2,492 SF

      1555 Mt Vernon Rd

      OFFICE BUILDING
      1555 Mt Vernon Rd, Dunwoody, GA 30338-4103
      View Details

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      Dunwoody Medical/Office Building For Sale

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      Dunwoody Condo with Flexible Layout

      Well-maintained condo with split bedroom plan and updated bathrooms.
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      2,500 SF

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      Upscale Japanese restaurant with loyal customer base and growth potential.
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    Similar Nearby for Lease

    • $26 SF/Yr
      54,781 SF

      Office Building with Amenities

      An amenity-forward office setting with on-site management, security, and fully-equipped meeting space.
      200 Ashford Ctr N, Atlanta, GA 30338
      View Details
    • $31 SF/Yr
      12,664 SF

      Class A Office Building

      Eight-story office building in Central Perimeter submarket available for rent.
      900 Ashwood Pkwy, Atlanta, GA 30338
      View Details
    • Contact for pricing
      1,940 SF

      Office Space with On-Site Amenities

      Office space featuring on-site management, security, and modern amenities.
      200 Ashford Ctr N, Atlanta, GA 30338
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      Professional Office Space Available

      Class A Perimeter location with amenities and convenient access.
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      Medical Office Space in Dunwoody

      Built-out medical office with existing exam rooms and monument signage.
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    • Contact for pricing

      Dunwoody Office/Medical Space Available

      Efficient office or medical space with immediate highway access.
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      View Details
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    Dunwoody, GA 30338-4767
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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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    1200 Ashwood Pkwy, Dunwoody, GA, 30338
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