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Property profile & analytics
FOR LEASE
Office buildings
3348 Peachtree Rd NE, Atlanta, GA 30326
Entity Owned
13-yr Hold
Free & Clear
Property ID
US22-0805552
For Lease
1 / 8
$37 SF/Yr
3348 Peachtree Rd NE, Atlanta, GA 30326
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
SKYSCRAPER/HIGH-RISE (COM OFFICES)
Year built
1998
Total area
115,647 SF
Lot
1.65 ac (71,874 SF)
Zoning code
C3
APN
17 0062 LL0448
UPID
US22-0805552
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
-
City Boys R Us Appliance Repair Home Appliance Store
-
Waterton Associates Apartment Complex
-
ORIGIN DEVELOPMENT GROUP Holding Company
-
Services Inc Staffing Employment Agency
-
Bid 2 Win Software (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$25.42M
Comparable Approach
Comparable
$15.93M
Blend (final)
Blend
$22.27M
Owner & transaction history
Parkway Tower Place 200 LLC · 13 yrs held
Parkway Tower Place 200 LLC
since 2013
6 recorded transactions
Zoning & alternative use
C3 · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$32.5M
+20.1%
Neighborhood: shopping center
$31.5M
+16.3%
Medical building
$31.4M
+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%
$27,530,000
6.5%
$25,415,000
7%
$23,600,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$27,075,000
Current use
COMMERCIAL (GENERAL)
$32,505,000
Change: +20% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$31,475,000
Change: +16% · Conversion: Difficult
MEDICAL BUILDING
$31,440,000
Change: +16% · Conversion: Easy
AUTO REPAIR, GARAGE
$29,365,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$25,940,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$22.27M
Range $20.04M – $24.49M · ±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
$193 / 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
$1,237,085
Tax year 2023
Assessed value
$27,862,280
Assessed 2023
Previous assessed
$30,000,000
-7.1% YoY
Effective rate
4.44%
On assessed value
Assessed land
$3,584,200
Assessed improvement
$24,278,080
Land market value
$8,960,500
Improvement market value
$60,695,200
Total market value
$69,655,700
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
1998
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Units
1
Total area
115,647 SF
Lot
1.65 ac (71,874 SF)
Zoning code
C3
APN
17 0062 LL0448
UPID
US22-0805552
Jurisdiction
FULTON
Zoning & alternative use
C3 · Atlanta, GA
Zoning C3 · permitted uses
C3 · 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
$27.1M
COMMERCIAL (GENERAL)
Est. value
$32.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$31.5M
MEDICAL BUILDING
Est. value
$31.4M
AUTO REPAIR, GARAGE
Est. value
$29.4M
RETAIL STORES
Est. value
$25.9M
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
1998
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Units
1
Lot
1.65 ac
Current owner
From public records · entity-resolved
Parkway Tower Place 200 LLC
Entity
Free & Clear · 13 yrs held
Mailing address
3344 PEACHTREE RD NE STE #1800, ATLANTA, GA 30326-4802
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2013
—
Parkway Tower Place 200 LLC
3348 Peachtree Road Ne Holding
Quit Claim Deed
related
—
Feb 1, 2013
$56,250,000
Parkway Tower Place 200 LLC
3348 Peachtree Road Ne Holding
Grant Deed
—
Dec 1, 2009
$32,542,972
Peachtree Road Ne Holding 3348
Transwestern,tower Place 2
Grant Deed
—
Jul 6, 2006
$57,750,000
Transwestern Tower Place 200 LLC
Op & F Tower INC
Grant Deed
—
Jul 5, 2006
$57,750,000
Tower Place 200 L Transwestern
Op & F Tower INC
Grant Deed
—
—
—
Transwestern Tower Place 200 LLC
—
Deed Of Trust
related
$50,500,000 · Greenwich Cap Fin'l
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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