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    3229 Peachtree Cors Cir Peachtree Corners, GA 30092-3609
    Property profile & analytics

    3229 Peachtree Cors Cir, Peachtree Corners, GA 30092-3609

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    • Grocery and convenience stores
    • 5,997 SF
    • 1.46 lot acres
    Off-Market
    Property ID
    US22-1056648
    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
    $850,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 3229 Peachtree Cors Cir

    Year built
    2014
    Lot size
    1.46 lot acres
    Zone code
    C2-GENERAL BUSINESS
    Property type
    Grocery and convenience stores
    APN
    6-276 -019
    APU
    6276019

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 4, 2019 — Humphreys Fund 1 Reit LLC Humphreys Fun I LLC Quit Claim Deed · related —
    Feb 5, 2013 $534,500 Humphreys Fund LLC Century Ptshp 1991-i Grant Deed · related —
    Oct 8, 2007 — Gibraltar Investments LLC Century Investments INC Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $662,000
      Market price range: $385k - $1.03M

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

    Location Insight

    • Map
    • Local Demand
    City
    Peachtree Corners
    County
    Gwinnett
    State
    Georgia
    Longitude
    -84.2494
    Latitude
    33.942
    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
    $22,785
    $146,280
    $1,162,920
    $1,309,200
    -
    $365,700
    $2,907,300
    $3,273,000

    Comparable in this City

    • Value Estimation
      $2,370,000
      4,025 SF

      5255 Peachtree Pkwy

      CONVENIENCE STORE
      5255 Peachtree Pkwy, Peachtree Corners, GA 30092-2552
      View Details
    • Value Estimation
      $715,000
      5,387 SF

      5780 Peachtree Pkwy

      CONVENIENCE STORE
      5780 Peachtree Pkwy, Peachtree Corners, GA 30092-2813
      View Details
    • Value Estimation
      $705,000
      4,550 SF

      5500 Spalding Dr

      CONVENIENCE STORE
      5500 Spalding Dr, Peachtree Corners, GA 30092-2501
      View Details
    • Value Estimation by Request
      5,000 SF

      3229 Peachtree Corners Cir

      Automotive properties
      3229 Peachtree Corners Cir, Peachtree Corners, GA 30092
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    • Value Estimation by Request
      2,070 SF

      3426 Holcomb Brg Rd

      CONVENIENCE STORE
      3426 Holcomb Brg Rd, Peachtree Corners, GA 30092-3124
      View Details
    • Value Estimation by Request
      2,452 SF

      6385 Peachtree Industrial Blvd

      CONVENIENCE STORE
      6385 Peachtree Industrial Blvd, Peachtree Corners, GA 30092-3243
      View Details

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    • Contact for pricing
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      Peachtree Parkway Office Site

      1.2 +/- acre office site on Peachtree Parkway.
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      Prime Land in Neely Farm

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      Rare opportunity to develop executive home sites in Neely Farm.
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    Similar Nearby for Lease

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      3 SF

      Retail Opportunity in Peachtree Corners

      Retail development opportunity in a dynamic Atlanta market.
      5707 Peachtree Pkwy, Norcross, GA 30092
      View Details
    • Contact for pricing

      Mixed-Use Development Retail and Restaurant

      Restaurant and retail spaces available in mixed-use development.
      5200 Town Center Blvd, Peachtree Corners, GA 30092
      View Details
    • Contact for pricing

      Retail Space Near Town Green

      Retail space available near Town Green, Peachtree Corners, GA.
      5270 Peachtree Pkwy, Peachtree Corners, GA 30092
      View Details
    • Contact for pricing

      Retail Center in Peachtree Corners

      Retail center anchored by Goodwill and Dollar General.
      5450 Peachtree Pkwy, Peachtree Corners, GA 30092
      View Details
    • Contact for pricing

      Established Restaurant Opportunity in Peachtree

      Fully equipped restaurant with loyal customer base and strong reputation.
      3466 Holcomb Bridge Rd, Peachtree Corners, GA 30092
      View Details
    • $2,400 /Mo

      Peachtree Corners Commercial Space Available

      Spacious commercial space in a busy Peachtree Corners plaza.
      3466 Holcomb Bridge Rd, Peachtree Corners, GA 30092
      View Details
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    Peachtree Corners, GA 30092-3609
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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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