5616 Peachtree Rd Atlanta, GA 30341-2312
- Office buildings
- 36,894 SF
- 2.26 lot acres
Current Use by Public Records
- ADAPT Physical Therapy / Physical Therapist / Personal Trainer
- Prime Web Design Atlanta / Website Designer
- German Chiropractic / Chiropractor
- Winter Construction / Occupational Health Service / General Contractor
Property Details for 5616 Peachtree Rd
- Year built
- 1979
- Construction
- WOOD FRAME
- Lot size
- 2.26 lot acres
- Property size
- 36,894 SF
- Zone code
- M
- Property type
- Office buildings
- APN
- 18 309 06 011
- APU
- 1830906011
Description
This exceptional 36,495-square-foot creative office building, constructed in 2020, boasts a 95% occupancy rate and a desirable location in the heart of Downtown Chamblee, DeKalb County, Georgia. The single-story building, situated on a 2.3-acre lot, offers a unique loft-style experience with vaulted ceilings and ample natural light. Its 124 parking spaces cater to tenants and visitors. The property features a diverse tenant base, anchored by a major corporate headquarters, with no lease expirations until 2030, providing stable and predictable cash flow. The building's design promotes collaboration and interaction, with direct outdoor access enhancing its appeal. Its I-3 zoning allows for flexibility. Chamblee's rapid growth, fueled by significant nearby developments like Assembly Atlanta and the Chamblee Town Center project, positions this property for continued success. The area offers walkability to restaurants, shops, and parks, and proximity to major employment centers in Buckhead, the Central Perimeter, and Emory University. This is a rare opportunity to acquire a high-performing asset in a thriving, rapidly growing community. The building's single-story design minimizes operational costs compared to larger multi-story buildings. The average monthly rent in Chamblee is $1,693, and the median home price is $396,000, reflecting the area's desirability. This property offers a compelling investment opportunity with strong long-term potential.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $8,785,000
- 6.5%
- $8,105,000
- 7%
- $7,530,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $7,542,000
- AI Estimate
- $6,197,000
Market price range: $2.65M - $7.54MMarket price range: $1.48M - $6.20M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $4,835,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $10,040,000 Change: +108% Conversion: Difficult
- MEDICAL BUILDING
- $10,030,000 Change: +107% Conversion: Easy
- AUTO REPAIR, GARAGE
- $9,370,000 Change: +94% Conversion: Difficult
- RETAIL STORES
- $8,275,000 Change: +71% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $8,245,000 Change: +71% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Atlanta
- County
- Dekalb
- State
- Georgia
- Longitude
- -84.2934
- Latitude
- 33.8971
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA