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Property profile & analytics
FOR SALE
Office buildings
229 Peachtree St NE Atlanta, GA 30303
Trust Owned
3-yr Hold
Free & Clear
Property ID
US22-1747437
For Sale
Contact for pricing
229 Peachtree St NE, Atlanta, GA 30303
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
SKYSCRAPER/HIGH-RISE (COM OFFICES)
Year built
1973
Total area
85,246 SF
Lot
1.09 ac (47,437 SF)
Zoning code
SPI1
APN
14 005100040542
UPID
US22-1747437
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
-
Downtown Atlanta Dentistry Dental Office
-
LAWYERS FOR EQUAL JUSTICE, INC. Law Firm
-
Atlanta Regional Commission LCI Program Government Economic Program
-
Georgia Collaborative ASO Crisis Center Medical Clinic
-
Embry Legal Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Wilmington Trust National Associati · 3 yrs held
Wilmington Trust National Associati
since 2022
Last sale
$127.5M
7 recorded transactions
Zoning & alternative use
SPI1 · 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
—
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
$583,792
Tax year 2023
Assessed value
$12,581,720
Assessed 2023
Previous assessed
$12,581,720
+0.0% YoY
Effective rate
4.64%
On assessed value
Assessed land
$2,144,080
Assessed improvement
$10,437,640
Land market value
$5,360,200
Improvement market value
$26,094,100
Total market value
$31,454,300
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 Sale
Year built
1973
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
85,246 SF
Lot
1.09 ac (47,437 SF)
Zoning code
SPI1
APN
14 005100040542
UPID
US22-1747437
Jurisdiction
FULTON
Zoning & alternative use
SPI1 · Atlanta, GA
Zoning SPI1 · permitted uses
SPI1 · 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
1973
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
1.09 ac
Current owner
From public records · entity-resolved
Wilmington Trust National Associati
Trust
Free & Clear · 3 yrs held
Mailing address
2 EMBARCADERO CTR FL, SAN FRANCISCO, CA 94111-3823
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2024
—
Ev INC
—
Deed
related
$1,010,020 · Southern States Bank
Dec 4, 2023
—
Ev INC
—
Deed
related
$1,500,000 · Ameris Bank
Sep 6, 2022
$127,500,000
Wilmington Trust National Associati
Acp Peachtree Center LLC
Warranty Deed
—
Apr 5, 2022
$1,200,000
Peachtree Center Office Owner LLC
Robinson Mary Texas Executor
Limited Warranty Deed
—
Oct 24, 2018
—
Ev INC
—
Deed
related
$530,000 · Fidelity Bk
Jul 26, 2018
—
Acp Peachtree Owner LLC
—
Loan Modification
related
$140,300,000 · Wilmington Tr N #2018-ptc (ce)
Jul 12, 2018
$750,000
Acp Peachtree Center LLC
Avary,stephens A JR
Grant Deed
—
Jul 12, 2018
$2,250,000
Acp Peachtree Center LLC
Avary Real Estates Co LP
Grant Deed
—
Apr 16, 2018
—
Acp Peachtree Center LLC
—
Grant Deed
related
$140,300,000 · Jp Morgan Chase Bk
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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