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Property profile & analytics
OFF-MARKET
Estimated value
$1,280,000
Office buildings
1224 Hammond NE Dr Atlanta, GA 30346-1537
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-2152244
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2019
Total area
489,875 SF
Lot
0.99 ac (43,124 SF)
Zoning code
X
APN
18 348 01 020
UPID
US22-2152244
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
B Time Coffee Bar Cafe & Coffee Shop
-
Compass Culture & Leadership Employment Agency
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
Iron Hill Brewery & Restaurant Bar & Pub Restaurant
-
Twelve24 (S & S Contracting) Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.28M
Owner & transaction history
Dunwoody Dev Authority · 7 yrs held
Dunwoody Dev Authority
since 2018
6 recorded transactions
Zoning & alternative use
X · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Atlanta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlanta submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$3 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$2,061,748
Tax year 2024
Assessed value
$70,562,880
Assessed 2024
Previous assessed
$70,562,880
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$2,380,440
Assessed improvement
$68,182,440
Land market value
$5,951,100
Improvement market value
$170,456,100
Total market value
$176,407,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2019
Heating
NONE
Stories
3
Bathrooms
0
Total area
489,875 SF
Lot
0.99 ac (43,124 SF)
Zoning code
X
APN
18 348 01 020
UPID
US22-2152244
Jurisdiction
DE KALB
Zoning & alternative use
X · Atlanta, GA
Zoning X · permitted uses
X · Atlanta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atlanta. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2019
Heating
NONE
Stories
3
Bathrooms
0
Lot
0.99 ac
Current owner
From public records · entity-resolved
Dunwoody Dev Authority
Entity
Mailing address
255 WASHINGTON ST STE #300, NEWTON, MA 02458-1634
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2019
—
Concord Atl Perimeter LLC
—
Correction Deed
related
$30,000,000 · Rockbridge Hospitality Fund Vi
Dec 31, 2018
—
Dunwoody Dev Authority
Twelve24 Office LLC
Grant Deed
related
$140,000,000 · Twelve24 Off LLC
Nov 13, 2018
$11,750,000
Dunwoody Dev Authority
Twelve24 Office LLC
Grant Deed
—
—
—
Concord Atl Perimeter LLC
—
Deed Of Trust
related
$30,000 · Rockbridge Hospitality Fund Vi
—
—
Twelve24 Office LLC
—
Loan Modification
related
$90,000,000 · Csfv 1224 Office Lender LLC
—
—
Dunwoody Dev Authority
—
Loan Modification
related
$90,000,000 · Csfv 1224 Office Lender LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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