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Property profile & analytics
OFF-MARKET
Estimated value
$18,815,000
Retail properties & Spaces
3440 Peachtree NE Rd Atlanta, GA 30326-1219
Entity Owned
26-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1008002
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1970
Total area
104,607 SF
Lot
5.38 ac (234,353 SF)
Zoning code
C3
APN
17 0045 LL0499
UPID
US22-1008002
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
-
Saks Fifth Avenue Department Store
-
BOSS Shop Clothing & Fashion Store
-
Icebox Atlanta Saks Fifth Avenue Phipps Plaza (Bike/Boat/Book/etc) Store
-
David Yurman at Saks Fifth Avenue (Bike/Boat/Book/etc) Store
-
CELINE ATLANTA SAKS FIFTH AVENUE LEATHER GOODS (Bike/Boat/Book/etc) Store Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$18.76M
Comparable Approach
Comparable
$14.35M
Blend (final)
Blend
$18.82M
Owner & transaction history
C P I PHIPPS LIMITED LIABILITY CO
C P I PHIPPS LIMITED LIABILITY CO
Zoning & alternative use
C3 · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$29.4M
+25.3%
Neighborhood: shopping center
$28.5M
+21.3%
Medical building
$28.4M
+21.2%
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%
$20,320,000
6.5%
$18,755,000
7%
$17,415,000
Alternative Use
Use
Estimation
RETAIL STORES
$23,460,000
Current use
COMMERCIAL (GENERAL)
$29,405,000
Change: +25% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$28,470,000
Change: +21% · Conversion: Moderate
MEDICAL BUILDING
$28,440,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$26,565,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$24,490,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$18.82M
Range $16.93M – $20.70M · ±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
$180 / 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
$563,695
Tax year 2023
Assessed value
$12,695,840
Assessed 2023
Previous assessed
$2,729,360
+365.2% YoY
Effective rate
4.44%
On assessed value
Assessed land
$11,686,640
Assessed improvement
$1,009,200
Land market value
$29,216,600
Improvement market value
$2,523,000
Total market value
$31,739,600
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1970
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
104,607 SF
Lot
5.38 ac (234,353 SF)
Zoning code
C3
APN
17 0045 LL0499
UPID
US22-1008002
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
RETAIL STORES Current
Est. value
$23.5M
COMMERCIAL (GENERAL)
Est. value
$29.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$28.5M
MEDICAL BUILDING
Est. value
$28.4M
AUTO REPAIR, GARAGE
Est. value
$26.6M
OFFICE BUILDING
Est. value
$24.5M
RETAIL STORES Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1970
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
5.38 ac
Current owner
From public records · entity-resolved
C P I PHIPPS LIMITED LIABILITY CO
Individual
Free & Clear · 0 yrs held
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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