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Property profile & analytics
FOR LEASE
Office buildings
1835 Savoy Dr Atlanta, GA 30341
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-4723347
For Lease
1 / 7
$23 SF/Yr
1835 Savoy Dr, Atlanta, GA 30341
View Listing →
Property summary
AI-generated overview
This three-story, 46,112 square foot Class B medical office building, located at 1835 Savoy Drive in Atlanta, GA 30341, offers flexible space solutions. Built in 1976 and extensively renovated in 2024, the property boasts a striking glass exterior and features a new covered patient drop-off area and updated common areas, including elevators. The building offers multiple tenancy options, with suites ranging from 2,518 to 15,977 contiguous square feet
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1974
Construction
WOOD FRAME
Total area
45,555 SF
Lot
3.17 ac (138,085 SF)
Zoning code
X
APN
18 345 05 002
UPID
US22-4723347
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
-
Georgia Cancer Specialists PC Medical Clinic Hospital
-
Ability Rehab Physician
-
RG Real Estate, Inc. - Commercial Real Estate Real Estate Agency
-
Dr. Sherine Thomas Physician
-
Dr. Carlos Franco Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.53M
Blend (final)
Blend
$5.62M
Owner & transaction history
Savoy Business Center LLC · 8 yrs held
Savoy Business Center LLC
since 2018
5 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,970,000
Current use
Blend value · Realmo final
$5.62M
Range $5.05M – $6.18M · ±10%
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
$123 / 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
$134,004
Tax year 2024
Assessed value
$3,068,360
Assessed 2024
Previous assessed
$2,078,600
+47.6% YoY
Effective rate
4.37%
On assessed value
Assessed land
$561,222
Assessed improvement
$2,507,138
Land market value
$1,403,055
Improvement market value
$6,267,845
Total market value
$7,670,900
Applied tax rate
24.0000
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
OFFICE BUILDING
Status
For Lease
Year built
1974
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
3
Total area
45,555 SF
Lot
3.17 ac (138,085 SF)
Zoning code
X
APN
18 345 05 002
UPID
US22-4723347
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$6.0M
OFFICE BUILDING Current
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
1974
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
3
Lot
3.17 ac
Current owner
From public records · entity-resolved
Savoy Business Center LLC
Entity
Mailing address
1200 JOHNSON FRY RD STE #300, MARIETTA, GA 30068-5410
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2018
$5,200,000
Savoy Business Center LLC
Tak2 Real Estate Investors LLC
Grant Deed
—
May 19, 2006
$2,900,000
Tak2 Real Estate Ivestors LLC
Verre Centre Ltd
Grant Deed
—
—
—
Tak2 Real Estate Investors LLC
—
Deed Of Trust
related
$3,500,000 · Main Street Bank
—
—
Tak2 Real Estate Investors LLC
—
Deed Of Trust
related
$4,450,000 · Suntrust Bank NA
—
—
Tak2 Real Estate Investors LLC
—
Deed Of Trust
related
$750,000 · Branch Banking & Trust Co
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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