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    2002 Smt Blvd Brookhaven, GA 30319-1560
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    Property profile & analytics

    2002 Smt Blvd Brookhaven, GA 30319-1560

    View on Map
    • Office buildings
    • 449,080 SF
    • 2.91 lot acres
    Off-Market
    Last Sale Dec 20, 2022
    $57,500,000
    Property ID
    US22-4649709
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Credit Building Academy LLC / Consultant
    • eventspace.net / Hotel & Motel / Resort
    • C A / (Bike/Boat/Book/etc) Store / Corporate Office
    • Softtek Integration System Inc / Consultant / Professional Services
    • 2002 Summit Blvd Garage / Parking Lot & Garage

    Property Details for 2002 Smt Blvd

    Year built
    2002
    Lot size
    2.91 lot acres
    Property size
    449,080 SF
    Zone code
    X
    Property type
    Office buildings
    APN
    18 329 07 121
    APU
    1832907121

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $45,595,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $52,928,000
      Market price range: $52.9M - $182M

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

    Location Insight

    • Map
    • Local Demand
    City
    Brookhaven
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.3421
    Latitude
    33.9146
    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
    $1,042,288
    $1,311,000
    $20,539,000
    $21,850,000
    -
    $3,277,500
    $51,347,500
    $54,625,000

    Comparable in this City

    • Value Estimation
      $4,125,000
      265,404 SF

      1057 Lenox Park NE Blvd

      OFFICE BUILDING • 265,404 SF
      1057 Lenox Park NE Blvd, Brookhaven, GA 30319-5309
      View Details
    • Value Estimation
      $1,175,000
      3,750 SF

      2572 Apple Vly NE Rd

      OFFICE BUILDING • 3,750 SF
      2572 Apple Vly NE Rd, Brookhaven, GA 30319-3135
      View Details
    • Value Estimation by Request
      8,661 SF

      2600 Apple Vly NE Rd

      OFFICE BUILDING • 8,661 SF
      2600 Apple Vly NE Rd, Brookhaven, GA 30319-3137
      View Details
    • Value Estimation by Request
      1,224 SF

      3516 Clairmont NE Rd

      OFFICE BUILDING • 1,224 SF
      3516 Clairmont NE Rd, Brookhaven, GA 30319-3626
      View Details
    • Value Estimation
      $605,000
      5,320 SF

      3593 Clairmont NE Rd

      OFFICE BUILDING • 5,320 SF
      3593 Clairmont NE Rd, Brookhaven, GA 30319-3625
      View Details
    • Value Estimation
      $22,665,000
      307,806 SF

      4170 Ashford Dunwoody NE Rd

      OFFICE BUILDING • 307,806 SF
      4170 Ashford Dunwoody NE Rd, Brookhaven, GA 30319-1442
      View Details

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      Premier Office Building in Buckhead

      Strategically located office building in Atlanta's Lenox Park area.
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    • $1,750,000
      7,500 SF

      Brookhaven Church and Commercial Space

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      3593 Clairmont Rd, Atlanta, GA 30319
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      2,160 SF

      Professional Office Condo For Sale

      2,160 SF office condo in central Atlanta location.
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    • $399,000
      Pending

      Land in Prime Brookhaven Location

      Residential land available for new construction near major amenities.
      1131 Goodwin Pl NE, Atlanta, GA 30319
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    • $1,050,000
      0.15 Acres

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    Similar Nearby for Lease

    • $6,500 /Mo
      7,500 SF

      Brookhaven Commercial Space with Apartment

      Versatile commercial property with sanctuary, offices, and apartment.
      3593 Clairmont Rd, Atlanta, GA 30319
      View Details
    • $6,500 /Mo
      26,136 SF

      Brookhaven Commercial Opportunity

      Versatile property suitable for church, office, venue, or residential use.
      3593 Clairmont Rd, Atlanta, GA 30319
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in Brookhaven Plaza

      Retail property in Brookhaven, near MARTA station and country club.
      3964 Peachtree Rd NE, Atlanta, GA 30319
      View Details
    • Contact for pricing

      Grocery-Anchored Shopping Center in Atlanta

      102,864 SF shopping center anchored by Kroger.
      3871 Peachtree Rd NE, Atlanta, GA 30319
      View Details
    • Contact for pricing

      Brookhaven Retail Space Available

      Retail spaces available, ranging from 6,000 to 12,000 SqFt.
      1001 Summit Blvd NE, Atlanta, GA 30319
      View Details
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    Brookhaven, GA 30319-1560
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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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