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    1208 Hammond NE Dr Atlanta, GA 30346
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    Property profile & analytics

    1208 Hammond NE Dr, Atlanta, GA 30346

    View on Map
    • Parking lots & garages
    • 164,560 SF
    • 1.89 lot acres
    Off-Market
    Property ID
    US22-2147586
    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
    $6,350,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Parking lots & garages

    Property Details for 1208 Hammond NE Dr

    Year built
    1998
    Lot size
    1.89 lot acres
    Zone code
    X
    Property type
    Parking lots & garages
    APN
    18 348 01 030
    APU
    1834801030

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 11, 2019 — Twelve24 Office LLC — Loan Modification · related $90M · Csfv 1224 Office Lender LLC
    Dec 31, 2018 — Dunwoody Dev Authority Twelve24 Office LLC Grant Deed · related $140M · Twelve24 Off LLC
    Nov 13, 2018 $11,750,000 Dunwoody Dev Authority Twelve24 Office LLC Grant Deed —
    Jun 19, 2018 $4,915,000 Twelve24 Office LLC Perimeter Mall LLC Grant Deed —
    Dec 20, 2017 — Perimeter Mall LLC Teachers Insurance & Annuity A Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.3439
    Latitude
    33.9215
    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
    $122,555
    $2,529,068
    $4,126,375
    $6,655,443
    -
    $6,322,671
    $10,315,937
    $16,638,608

    Comparable in this City

    • Value Estimation by Request
      130,400 SF

      4 Ravinia Dr

      PARKING GARAGE, PARKING STRUCTURE
      4 Ravinia Dr, Atlanta, GA 30346
      View Details
    • Value Estimation
      $790,000
      7,300 SF

      201 Perimeter Ctr NE Pkwy

      AUTO REPAIR, GARAGE
      201 Perimeter Ctr NE Pkwy, Atlanta, GA 30346-1313
      View Details
    • Value Estimation
      $15,015,000
      77,000 SF

      120 Perimeter W Ctr

      MINI-MALL
      120 Perimeter W Ctr, Atlanta, GA 30346-2201
      View Details
    • Value Estimation by Request
      16,580 SF

      70 Perimeter E Ctr

      RETAIL STORES (PERSONAL SERVICES)
      70 Perimeter E Ctr, Atlanta, GA 30346-1801
      View Details
    • Value Estimation
      $19,725,000
      121,821 SF

      4324 Ashford Dunwoody NE Rd

      MINI-MALL
      4324 Ashford Dunwoody NE Rd, Atlanta, GA 30346
      View Details
    • Value Estimation by Request
      3,233 SF

      2 Perimeter E Ctr

      FINANCIAL BUILDING
      2 Perimeter E Ctr, Atlanta, GA 30346-1600
      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
    • 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
    • $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

    Similar Nearby for Lease

    • Contact for pricing

      Pedestrian-Friendly Retail and Restaurant Space

      Flexible restaurant or retail space with signalized access and ample parking in a walkable, high-end retail environment.
      4681 Ashford Dunwoody Rd, 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

      Retail Space for Lease

      Retail space available for lease at 4500 Olde Perimeter Way.
      4500 Olde Perimeter Way, Atlanta, 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
      23,711 SF

      Retail Space in Mixed-Use Development

      Retail space available in a mixed-use development.
      4500 Olde Perimeter Way, Atlanta, GA 30346
      View Details
    • Contact for pricing

      Perimeter Center Retail Opportunity

      Retail space in the heart of Perimeter retail corridor.
      132 Perimeter Center Pkwy West, Atlanta, GA 30346
      View Details
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    Atlanta, GA 30346
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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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