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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2989 Piedmont NE Rd Atlanta, GA 30305-2700

    • Office Properties & Spaces
    • 7,130 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimations
    $925,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0978501
    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.

    Current Use by Public Records

    • Skin Deep Skin Care Studio / Spa & Massage Center / Skin Care Clinic
    • Jenei Jonathan DC / Alternative Medicine Practice
    • Turning Points Mediation , LLC / Mediation Service

    Property Details for 2989 Piedmont NE Rd

    Year built
    1981
    Construction
    WOOD
    Lot size
    0.16 lot acres
    Property size
    7,130 SF
    Zone code
    RLCC
    Property type
    Office Properties & Spaces
    APN
    17 004600140145
    APU
    17004600140145

    Description

    This exceptional ±3,000 square foot office suite presents a unique opportunity in the vibrant Buckhead district of Atlanta, Georgia. Situated at the highly visible intersection of Piedmont Road and Pharr Road, this property offers unparalleled accessibility and visibility. The building itself is a three-story structure, totaling 7,130 square feet, constructed in 1981. This single-tenant space is located within a single building, identified by APN 17 004600140145 in Fulton County. Its strategic location provides convenient access to major transportation arteries, including Interstate 85 and Georgia State Route 400, placing it within easy reach of the entire Atlanta metropolitan area. Furthermore, the property's proximity to both the Buckhead and Lindbergh MARTA stations offers employees and clients convenient public transportation options. Downtown Atlanta is only eight miles away, enhancing connectivity to the city's central business district. This property is ideal for businesses seeking a prominent presence in one of Atlanta's most sought-after commercial areas. The address is 2989 Piedmont Rd NE, Atlanta, GA 30305.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $846,000
      Market price range: $264k - $1.99M

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.3676
    Latitude
    33.8367
    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
    2023
    $18,067
    $359,360
    $77,040
    $436,400
    -
    $898,400
    $192,600
    $1,091,000

    Comparable in this City

    • Value Estimation by Request
      6,541 SF

      3098 Piedmont Ct

      Office Properties & Spaces • 6,541 SF
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    • Value Estimation by Request
      177 SF

      2575 Peachtree Rd Ne Ste, Unit 301

      CONDOMINIUM OFFICES • 177 SF
      2575 Peachtree Rd Ne Ste, Atlanta, GA 30305-3686
      View Details
    • Value Estimation by Request
      1,404 SF

      2901 Piedmont NE Rd

      CONDOMINIUM OFFICES • 1,404 SF
      2901 Piedmont NE Rd, Atlanta, GA 30305-2790
      View Details
    • Value Estimation
      $730,000
      2,808 SF

      2921 Piedmont NE Rd

      CONDOMINIUM OFFICES • 2,808 SF
      2921 Piedmont NE Rd, Atlanta, GA 30305-2785
      View Details
    • Value Estimation
      $575,000
      4,248 SF

      3021 Piedmont NE Rd

      CONDOMINIUM OFFICES • 4,248 SF
      3021 Piedmont NE Rd, Atlanta, GA 30305-2634
      View Details
    • Value Estimation by Request
      2,749 SF

      3007 Piedmont NE Rd

      CONDOMINIUM OFFICES • 2,749 SF
      3007 Piedmont NE Rd, Atlanta, GA 30305-2630
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.66 Acres

      Buckhead Mixed-Use Development Site

      Prime Buckhead location, 0.66 acres, redevelopment opportunity.
      405 Pharr Rd, Atlanta, GA 30305
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      Luxury Live/Work Opportunity in Atlanta
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      Prime Buckhead location, 5,000 sq ft office building.
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    • New
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      Buckhead Office Condo For Sale

      Prime 1,416 SF office condo in the heart of Buckhead.
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    Similar Nearby for Lease

    • $23 SF/Yr
      10,000 SF

      Prime Buckhead Executive Office Space

      Atlanta Office: 10,000 SF Available
      3520 Piedmont Rd, Atlanta, GA 30305
      View Details
    • $24 SF/Yr
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      Prime Upper Buckhead Office Suite

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    • Contact for pricing
      4,889 SF

      Prime Office Space in Buckhead

      Office space for rent in vibrant Buckhead Village.
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      View Details
    • Contact for pricing

      Buckhead Retail/Office Space Available

      High-profile property in Buckhead Business District with premier signage.
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      View Details
    • $1,450 /Mo
      10,019 SF

      Restored Studio or Office Space

      Charming studio or office space with private balcony in Buckhead.
      2909 Peachtree Rd NE 105, Atlanta, GA 30305
      View Details
    • Contact for pricing
      4,876 SF

      Piedmont Center Office Sublet Available

      4,876 RSF office sublet with excellent amenities through August 2031.
      3565 Piedmont Rd NE, Atlanta, GA 30305
      View Details
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    Atlanta, GA 30305-2700
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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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