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

    3379 Peachtree Rd Atlanta, GA 30326

    • Office buildings
    • 126,992 SF
    • 1.70 lot acres
    For Lease
    View listing
    Last Sale
    Sep 27, 2023
    $21,300,000
    Value Estimations
    $22,560,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1464198
    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

    • First American Realty Group, LLC. / Real Estate Agency
    • Wholesale Japanese Engines Inc - Georgia / Auto Repair Shop
    • Fitness IQ / Gym & Fitness Center
    • Withrow, McQuade & Olsen, LLP / Law Firm
    • Dr. Travis Paige / Dental Office

    Property Details for 3379 Peachtree Rd

    Year built
    1968
    Lot size
    1.70 lot acres
    Property size
    126,992 SF
    Zone code
    C3
    Property type
    Office buildings
    APN
    17 004500040270
    APU
    17004500040270

    Description

    This exceptional office space in Atlanta's Buckhead neighborhood offers a variety of flexible options, perfect for entrepreneurs and small businesses. Located at 3379 Peachtree Rd NE, zip code 30326, this nine-story building, originally constructed in 1964 and renovated in 1985, provides traditional office suites, executive offices, coworking spaces, and creative office environments. Available spaces range from 75 to 2,500 square feet, accommodating diverse business needs. Each fully furnished executive suite includes 10 hours of monthly conference room access, a local business phone line with unlimited domestic long distance, and a dedicated wireless network. Amenities are extensive and include 24/7 access to a fitness center, a professional receptionist, ample parking, unlimited coffee and water, free document printing and scanning, 24/7 building access, one hour of IT support per month, and one hour of concierge services per month. Utilities and janitorial services are also included. Access to community events and 23 additional locations across the DFW, Houston, and Atlanta areas are also available. This multi-tenant building offers a vibrant and supportive business community. The property is conveniently located in Atlanta, Georgia. Prospective tenants should verify all information with on-site staff.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $17,915,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $30,230,000
      6.5%
      $27,905,000
      7%
      $25,915,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $24,374,000
      Market price range: $15.0M - $51.4M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $29,730,000
      Current use
      COMMERCIAL (GENERAL)
      $35,695,000
      Change: +20% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $34,560,000
      Change: +16% Conversion: Difficult
      MEDICAL BUILDING
      $34,525,000
      Change: +16% Conversion: Easy
      AUTO REPAIR, GARAGE
      $32,245,000
      Change: +8% Conversion: Difficult
      RETAIL STORES
      $28,485,000
      Change: -4% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.3658
    Latitude
    33.8481
    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
    $490,176
    $3,692,800
    $7,347,200
    $11,040,000
    -
    $9,232,000
    $18,368,000
    $27,600,000

    Comparable in this City

    • Value Estimation
      $13,985,000
      847,094 SF

      945 Paces Fry NE Rd

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 847,094 SF
      945 Paces Fry NE Rd, Atlanta, GA 30326-1160
      View Details
    • Value Estimation
      $23,435,000
      506,190 SF

      3438 Peachtree NE Rd

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 506,190 SF
      3438 Peachtree NE Rd, Atlanta, GA 30326-1554
      View Details
    • Value Estimation
      $14,670,000
      461,400 SF

      3414 Peachtree NE Rd

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 461,400 SF
      3414 Peachtree NE Rd, Atlanta, GA 30326-1153
      View Details
    • Value Estimation by Request
      451,888 SF

      3455 Peachtree NE Rd

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 451,888 SF
      3455 Peachtree NE Rd, Atlanta, GA 30326-3254
      View Details
    • Value Estimation by Request
      612,096 SF

      3344 Peachtree NE Rd

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 612,096 SF
      3344 Peachtree NE Rd, Atlanta, GA 30326-4801
      View Details
    • Value Estimation
      $6,520,000
      335,364 SF

      3333 Peachtree NE Rd

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 335,364 SF
      3333 Peachtree NE Rd, Atlanta, GA 30326-1070
      View Details

    Similar Nearby for Sale

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      Prime 1.2-acre site in Buckhead's financial district.
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    Similar Nearby for Lease

    • Contact for pricing

      Class A Office in Buckhead

      Prestigious 27-story office building in Atlanta's Buckhead district.
      945 East Paces Ferry Rd Northeast, Atlanta, GA 30326
      View Details
    • $41 SF/Yr
      11,508 SF

      Class A Office Space Atlanta

      Premier office space in Buckhead's Monarch Centre complex.
      3424 Peachtree Rd NE, Atlanta, GA 30326
      View Details
    • Contact for pricing
      2,500 SF

      Buckhead Office Suites Available

      Prime Atlanta location, flexible office spaces.
      3379 Peachtree Rd, Atlanta, GA 30326
      View Details
    • $26 SF/Yr
      22,496 SF

      Peachtree Street Office Space Available

      Office space for lease on Peachtree Street, Atlanta.
      3384 Peachtree St Northeast, Atlanta, GA 30326
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    • $25 SF/Yr
      102,689 SF

      Lenox Plaza Office Space

      Buckhead Office: 102,689 SF, 1.9 acres
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      View Details
    • $41 SF/Yr
      1,103 SF

      Office Space on Peachtree Road

      Office space available for lease in Atlanta, Georgia.
      3350 Peachtree Rd NE, Atlanta, GA 30326
      View Details
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    3379 Peachtree Rd
    Atlanta, GA 30326
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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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