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Property profile & analytics
FOR LEASE
Office buildings
201 17Th St NW Atlanta, GA 30363
Entity Owned
11-yr Hold
Free & Clear
Property ID
US22-0981765
For Lease
Contact for pricing
201 17Th St NW, Atlanta, GA 30363
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
SKYSCRAPER/HIGH-RISE (COM OFFICES)
Year built
2007
Total area
448,258 SF
Lot
0.54 ac (23,522 SF)
Zoning code
C4C
APN
17 010800015474
UPID
US22-0981765
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
-
the Agency Atlanta Film Production Television Studio
-
SecondChanceDirectory.com Real Estate Agency
-
Legwork Plumbing Solutions General Contractor
-
The Tub Refinish PROs Construction Company
-
FIS (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$98.17M
Blend (final)
Blend
$91.61M
Owner & transaction history
Kbsiii 201 17th Street LLC · 11 yrs held
Kbsiii 201 17th Street LLC
since 2015
4 recorded transactions
Zoning & alternative use
C4C · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$126.0M
+20.1%
Neighborhood: shopping center
$122.0M
+16.3%
Medical building
$121.9M
+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
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
$104,945,000
Current use
COMMERCIAL (GENERAL)
$125,995,000
Change: +20% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$122,000,000
Change: +16% · Conversion: Difficult
MEDICAL BUILDING
$121,870,000
Change: +16% · Conversion: Easy
AUTO REPAIR, GARAGE
$113,825,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$100,540,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$91.61M
Range $82.44M – $100.77M · ±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
$204 / 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
$1,767,962
Tax year 2023
Assessed value
$42,704,400
Assessed 2023
Previous assessed
$42,704,400
+0.0% YoY
Effective rate
4.14%
On assessed value
Assessed land
$981,160
Assessed improvement
$41,723,240
Land market value
$2,452,900
Improvement market value
$104,308,100
Total market value
$106,761,000
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
2007
Heating
NONE
Stories
1
Units
1
Total area
448,258 SF
Lot
0.54 ac (23,522 SF)
Zoning code
C4C
APN
17 010800015474
UPID
US22-0981765
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
$104.9M
COMMERCIAL (GENERAL)
Est. value
$126.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$122.0M
MEDICAL BUILDING
Est. value
$121.9M
AUTO REPAIR, GARAGE
Est. value
$113.8M
RETAIL STORES
Est. value
$100.5M
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
2007
Heating
NONE
Stories
1
Units
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
Kbsiii 201 17th Street LLC
Entity
Free & Clear · 11 yrs held
Mailing address
201 17TH ST NW STE #240, ATLANTA, GA 30363-1231
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2026
—
Kbs3 201 17th Street LLC
—
Deed
related
$325,000 · Us Bank
Jan 27, 2020
—
Kbsiii 201 17th Street LLC
—
Deed
related
$32,500,000 · Us Bank
Jun 25, 2015
$98,250,000
Kbsiii 201 17th Street LLC
Spus6 Atlantic 201 Office LP
Grant Deed
—
Jun 18, 2014
—
Spus6 Atlantic 201 Office LP
—
Deed Of Trust
related
$44,000,000 · General Electric Capital Corp
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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