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Property profile & analytics
FOR LEASE
Office buildings
171 17Th St Northwest Atlanta, GA 30363
Entity Owned
2-yr Hold
Free & Clear
Property ID
US22-1095299
For Lease
1 / 7
Contact for pricing
171 17Th St Northwest, Atlanta, GA 30363
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Property profile
Verified
Property type
Office buildings
Use group
SKYSCRAPER/HIGH-RISE (COM OFFICES)
Year built
2003
Total area
632,402 SF
Lot
0.68 ac (29,621 SF)
Zoning code
C4C
APN
17 010800010673
UPID
US22-1095299
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
-
Arnall Golden Gregory Law Firm
-
SeaTec Aviation Consultant
-
Wells Fargo Bank Bank Loan Service
-
Jackson Lewis PC Law Firm
-
Eady Jonathan E Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$138.97M
Comparable Approach
Comparable
$139.22M
Blend (final)
Blend
$155.93M
Owner & transaction history
Carver Redevelopment Partnership 1 · 2 yrs held
Carver Redevelopment Partnership 1
since 2023
Last sale
$176.5M
5 recorded transactions
Zoning & alternative use
C4C · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$177.8M
+20.1%
Neighborhood: shopping center
$172.1M
+16.3%
Medical building
$171.9M
+16.1%
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
Method
Estimation
Statistic approach
$148,450,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$150,550,000
6.5%
$138,970,000
7%
$129,045,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$148,060,000
Current use
COMMERCIAL (GENERAL)
$177,755,000
Change: +20% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$172,115,000
Change: +16% · Conversion: Difficult
MEDICAL BUILDING
$171,935,000
Change: +16% · Conversion: Easy
AUTO REPAIR, GARAGE
$160,585,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$141,840,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$155.93M
Range $140.33M – $171.52M · ±10% · vs last sale $176.50M (Nov 20 2023)
Last sale anchor
$176.50M
Nov 20 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$247 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$2,576,763
Tax year 2023
Assessed value
$62,240,640
Assessed 2023
Previous assessed
$62,240,640
+0.0% YoY
Effective rate
4.14%
On assessed value
Assessed land
$1,277,600
Assessed improvement
$60,963,040
Land market value
$3,194,000
Improvement market value
$152,407,600
Total market value
$155,601,600
Applied tax rate
5.0000
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
SKYSCRAPER/HIGH-RISE (COM OFFICES)
Status
For Lease
Year built
2003
Heating
NONE
Stories
1
Total area
632,402 SF
Lot
0.68 ac (29,621 SF)
Zoning code
C4C
APN
17 010800010673
UPID
US22-1095299
Jurisdiction
FULTON
Zoning & alternative use
C4C · Atlanta, GA
Zoning C4C · permitted uses
C4C · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$148.1M
COMMERCIAL (GENERAL)
Est. value
$177.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$172.1M
MEDICAL BUILDING
Est. value
$171.9M
AUTO REPAIR, GARAGE
Est. value
$160.6M
RETAIL STORES
Est. value
$141.8M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Heating
NONE
Stories
1
Lot
0.68 ac
Current owner
From public records · entity-resolved
Carver Redevelopment Partnership 1
Entity
Free & Clear · 2 yrs held
Mailing address
171 17TH ST NW, ATLANTA, GA 30363-1032
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2024
—
Prime Us 171 17th Street LLC
—
Deed
related
$550,000,000 · Bank Of America
Nov 20, 2023
—
Carver Redevelopment Partnership 1
Berkadia Commercial Mortgage LLC
Quit Claim Deed
related
—
Jul 23, 2019
$176,500,000
Prime Us-171 17th Street LLC
Kbsiii 171 17th Street LLC
Grant Deed
—
Aug 25, 2014
$132,500,000
Kbsiii 171 17th Street LLC
Atlantic Office Acquisition Co
Warranty Deed
$85,500,000 · Us Bank
Nov 16, 2005
$170,500,000
Atlantic Office Acquisition Co I
Atlantic Office Associates LLC
Grant Deed
—
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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