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Property profile & analytics
FOR SALE
Office buildings
233 Peachtree St NE Atlanta, GA 30303
Trust Owned
3-yr Hold
Free & Clear
Property ID
US22-1329641
For Sale
Contact for pricing
233 Peachtree St NE, Atlanta, GA 30303
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
SKYSCRAPER/HIGH-RISE (COM OFFICES)
Year built
1975
Total area
691,089 SF
Lot
0.37 ac (15,987 SF)
Zoning code
SPI1
APN
14 005100040583
UPID
US22-1329641
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
-
Jennifer Houser Chapin Law Firm
-
National Labor Relations Board Federal Government Office
-
Georgia Engineering Foundation Association / Organization
-
Intelliteach (Bike/Boat/Book/etc) Store Corporate Office
-
City of Atlanta City Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$151.87M
Comparable Approach
Comparable
$81.45M
Blend (final)
Blend
$124.16M
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
Top alternative use upside
Neighborhood: shopping center
$188.1M
+16.3%
Medical building
$187.9M
+16.1%
Auto repair, garage
$175.5M
+8.5%
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
$132,485,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$164,525,000
6.5%
$151,865,000
7%
$141,020,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$161,800,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$188,085,000
Change: +16% · Conversion: Difficult
MEDICAL BUILDING
$187,895,000
Change: +16% · Conversion: Easy
AUTO REPAIR, GARAGE
$175,490,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$155,005,000
Change: -4% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$154,065,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$124.16M
Range $111.74M – $136.58M · ±10% · vs last sale $127.50M (Sep 6 2022)
Last sale anchor
$127.50M
Sep 6 2022
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
$180 / 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
$304,354
Tax year 2023
Assessed value
$6,559,360
Assessed 2023
Previous assessed
$6,559,360
+0.0% YoY
Effective rate
4.64%
On assessed value
Assessed land
$616,040
Assessed improvement
$5,943,320
Land market value
$1,540,100
Improvement market value
$14,858,300
Total market value
$16,398,400
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
1975
Heating
YES
Cooling
YES
Stories
1
Total area
691,089 SF
Lot
0.37 ac (15,987 SF)
Zoning code
SPI1
APN
14 005100040583
UPID
US22-1329641
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$161.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$188.1M
MEDICAL BUILDING
Est. value
$187.9M
AUTO REPAIR, GARAGE
Est. value
$175.5M
RETAIL STORES
Est. value
$155.0M
INDUSTRIAL (GENERAL)
Est. value
$154.1M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1975
Heating
YES
Cooling
Yes
Stories
1
Lot
0.37 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
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2022
$127,500,000
Wilmington Trust National Associati
Acp Peachtree Center LLC
Warranty Deed
—
Oct 30, 2020
$4,500,000
Peachtree Ctr Office Owner LLC
Hal Harris LLC
Grant Deed
—
Jul 26, 2018
—
Acp Peachtree Owner LLC
—
Loan Modification
related
$140,300,000 · Wilmington Tr N #2018-ptc (ce)
Apr 13, 2018
$5,600,000
Acp Peachtree Center LLC
Peachtree Center Office Ow
Warranty Deed
—
Sep 27, 2017
—
Peachtree Center Office Owner
Selig Ents INC
Quit Claim Deed
related
—
May 9, 2017
—
Selig Ents INC
Selig Ents INC Trust
Quit Claim Deed
related
—
Sep 3, 2014
—
Acp Marquis I LLC
—
Grant Deed
related
$126,000,000 · Silverpeak R/e Finance LLC
Sep 17, 2007
—
Hal-harris LLC
Lawrence,lee A
Quit Claim Deed
related
—
Aug 3, 2007
—
Hal Harris LLC
Little,caroline
Grant Deed
related
—
Jul 27, 2007
—
Hal Harris LLC
Lawrence,lee Adair
Grant Deed
related
—
Jul 26, 2007
—
Hal Harris LLC
Mcginnis,roline Hamilton
Grant Deed
related
—
Jul 23, 2007
—
Hal Harris LLC
Little,alex
Grant Deed
related
—
Jul 20, 2007
—
Harris Lcc Hal
Little,adair
Grant Deed
related
—
Jul 19, 2007
—
Hal Harris LLC
Adair,cameron
Grant Deed
related
—
Jul 18, 2007
—
Hal Harris LLC
Adair,augustus Dixon IV
Grant Deed
related
—
Aug 30, 2005
—
Ev INC
—
Trustees Deed
related
$250,000 · Main Street 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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