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    FOR LEASE
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    500 Northlake Dr, Peachtree City, GA 30269

    22,355 SF 1 ac lot Built 1981
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US22-0557787
    Property summary
    AI-generated overview

    This exceptional South Atlanta office property offers a variety of spaces ideal for businesses seeking a convenient and well-connected location. The building, a single three-story structure totaling 29,047 square feet, underwent renovations in 2019, ensuring modern amenities within a classic design. Currently, 3,796 square feet of space is available, with a maximum contiguous space of 3,796 square feet. The building features five total suites, offering flexibility for businesses of various sizes. The property sits on one acre of land and is conveniently located near Highway 54, providing easy access to major transportation routes. The building boasts an elevator (hydraulic) for easy access to all three floors, each with an 8-foot ceiling height. The property is zoned C CG and is located in Fayette County's South Atlanta submarket. Its proximity to Peachtree City's extensive network of golf cart and bike paths offers a unique commuting option. The building's Class B designation reflects its well-maintained condition and attractive features. Property taxes are $1.08 per square foot. The location is also within walking distance of restaurants, banks, and shopping, providing employees with numerous conveniences. This is an excellent opportunity for professional services firms, including legal, accounting, or other businesses seeking a high-quality, accessible office space.

    Property profile
    Verified
    Property type Banks
    Use group FINANCIAL BUILDING
    Year built 1981
    Construction FRAME
    Total area 22,355 SF
    Lot 1 ac (43,560 SF)
    Zoning code C GC
    APN 0732 054
    UPID US22-0557787
    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
    • Wessels & Gerber, P.C. Law Firm
    • S I Restaurants Group Restaurant
    • Virtual Properties Realty Real Estate Agency
    • Vickie Butler Realty, Inc. at Virtual Properties Realty Real Estate Agency
    • Mortgage, Bank of America Loan Service Bank
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $2.49M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.56M
    Blend (final) Blend
    $2.10M
    Owner & transaction history
    500 Northlake Property LLC · 3 yrs held
    500 Northlake Property LLC
    since 2022
    Last sale
    $2.0M
    6 recorded transactions
    2022
    $2.0M
    2020
    2017
    $900,000
    2016
    $895,800
    2004
    $1.2M
    1969
    Zoning & alternative use
    C GC · Peachtree City, GA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $3.2M +53.5%
    Medical building $2.7M +31.2%
    Restaurant $2.7M +31.0%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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