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Property profile & analytics
OFF-MARKET
Estimated value
$23,435,000
Office buildings
3438 Peachtree NE Rd, Atlanta, GA 30326-1554
Entity Owned
4-yr Hold
Free & Clear
Property ID
US22-1076403
Property profile
Verified
Property type
Office buildings
Use group
SKYSCRAPER/HIGH-RISE (COM OFFICES)
Year built
2008
Total area
506,190 SF
Lot
2.96 ac (129,155 SF)
Zoning code
RG4C
APN
17 0045 LL0598
UPID
US22-1076403
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
-
Northwestern Mutual - Atlanta Financial Advisor
-
Carter's Corporate Headquarters Corporate Office
-
Childs Office, Phipps Tower, suite 1400 Corporate Office
-
Sinton • Scott • Minock • Kerew Law Firm
-
Smith Capital Advisors Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$23.44M
Owner & transaction history
Hancock S Reit Atl Phipps LLC · 4 yrs held
Hancock S Reit Atl Phipps LLC
since 2021
5 recorded transactions
Zoning & alternative use
RG4C · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$46 / 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
$3,126,026
Tax year 2023
Assessed value
$70,406,000
Assessed 2023
Previous assessed
$70,406,000
+0.0% YoY
Effective rate
4.44%
On assessed value
Assessed land
$6,794,360
Assessed improvement
$63,611,640
Land market value
$16,985,900
Improvement market value
$159,029,100
Total market value
$176,015,000
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
Off-Market
Year built
2008
Heating
NONE
Buildings
2
Stories
1
Total area
506,190 SF
Lot
2.96 ac (129,155 SF)
Zoning code
RG4C
APN
17 0045 LL0598
UPID
US22-1076403
Jurisdiction
FULTON
Zoning & alternative use
RG4C · Atlanta, GA
Zoning RG4C · permitted uses
RG4C · 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.
Building & site characteristics
From public records
Year built
2008
Heating
NONE
Stories
1
Buildings
2
Lot
2.96 ac
Current owner
From public records · entity-resolved
Hancock S Reit Atl Phipps LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 250509, ATLANTA, GA 30325-1509
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2021
—
Hancock S Reit Atl Phipps LLC
Development Authority Of Fulton Cou
Warranty Deed
—
Dec 23, 2009
—
Development Authority Of Fulto
Phipps,tower Associates Ll
Grant Deed
related
—
Mar 6, 2008
$12,162,000
Phipps Tower Associates LLC
Crescent Resources LLC
Grant Deed
$94,811,365 · Regions Bk
Mar 5, 2008
$12,162
Phipps Tower Associates LLC
Crescent Resources LLC
Grant Deed
$94,811,368 · Regions Bank
Dec 20, 2004
—
Us Property Investment Fund LP
Escent Real Estate Equities
Quit Claim Deed
related
—
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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