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    5985 Peachtree Pkwy Peachtree Corners, GA 30092-2818
    Property profile & analytics

    5985 Peachtree Pkwy, Peachtree Corners, GA 30092-2818

    View on Map
    • Drug stores
    • 15,160 SF
    • 1.81 lot acres
    Off-Market
    Property ID
    US22-0114250
    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.
    Value Estimations
    $2,380,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Drug stores

    Property Details for 5985 Peachtree Pkwy

    Year built
    2000
    Lot size
    1.81 lot acres
    Zone code
    C2-GENERAL BUSINESS
    Property type
    Drug stores
    APN
    6-284 -003
    APU
    6284003

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 3, 2019 $6,000,000 Gurnee Norcross LLC Alexander Fund Xvi-th LLC Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,935,000
      6.5%
      $2,710,000
      7%
      $2,515,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,955,000
      OFFICE BUILDING
      $3,700,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Peachtree Corners
    County
    Gwinnett
    State
    Georgia
    Longitude
    -84.2327
    Latitude
    33.9571
    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
    $36,714
    $238,800
    $768,000
    $1,006,800
    -
    $597,000
    $1,920,000
    $2,517,000

    Comparable in this City

    • Value Estimation
      $1,330,000
      10,032 SF

      5095 Peachtree Pkwy

      DRUG STORE, PHARMACY
      5095 Peachtree Pkwy, Peachtree Corners, GA 30092-2524
      View Details
    • Value Estimation
      $4,195,000
      8,616 SF

      3280 Holcomb Brg Rd

      FINANCIAL BUILDING
      3280 Holcomb Brg Rd, Peachtree Corners, GA 30092-3235
      View Details
    • Value Estimation
      $2,370,000
      4,025 SF

      5255 Peachtree Pkwy

      CONVENIENCE STORE
      5255 Peachtree Pkwy, Peachtree Corners, GA 30092-2552
      View Details
    • Value Estimation
      $550,000
      9,638 SF

      5500 Peachtree Pkwy

      FINANCIAL BUILDING
      5500 Peachtree Pkwy, Peachtree Corners, GA 30092-2533
      View Details
    • Value Estimation
      $715,000
      5,387 SF

      5780 Peachtree Pkwy

      CONVENIENCE STORE
      5780 Peachtree Pkwy, Peachtree Corners, GA 30092-2813
      View Details
    • Value Estimation
      $705,000
      4,550 SF

      5500 Spalding Dr

      CONVENIENCE STORE
      5500 Spalding Dr, Peachtree Corners, GA 30092-2501
      View Details

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    • Contact for pricing
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      10,640 SF

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      Office building with executive suites for owner/user or investment.
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    • $250,000

      Peachtree Parkway Office Site

      1.2 +/- acre office site on Peachtree Parkway.
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    • New
      $1,975,000
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      Prime Land in Neely Farm

      5+/- acre land parcel for executive home development.
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      Rare opportunity to develop executive home sites in Neely Farm.
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    Similar Nearby for Lease

    • Contact for pricing
      3 SF

      Retail Opportunity in Peachtree Corners

      Retail development opportunity in a dynamic Atlanta market.
      5707 Peachtree Pkwy, Norcross, GA 30092
      View Details
    • Contact for pricing

      Mixed-Use Development Retail and Restaurant

      Restaurant and retail spaces available in mixed-use development.
      5200 Town Center Blvd, Peachtree Corners, GA 30092
      View Details
    • Contact for pricing

      Retail Space Near Town Green

      Retail space available near Town Green, Peachtree Corners, GA.
      5270 Peachtree Pkwy, Peachtree Corners, GA 30092
      View Details
    • Contact for pricing

      Retail Center in Peachtree Corners

      Retail center anchored by Goodwill and Dollar General.
      5450 Peachtree Pkwy, Peachtree Corners, GA 30092
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    • Contact for pricing
      4,031 SF

      Prime Norcross Retail Opportunity

      High-visibility corner lot, 4,031 SF.
      4601 Peachtree Industrial Blvd, Berkeley Lake, GA 30092
      View Details
    • $26 SF/Yr
      1,400 SF

      3466 Holcomb Bridge Unit P

      Retail properties & Spaces
      3466 Holcomb Bridge Rd, Peachtree Corners, GA 30092
      View Details
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    Peachtree Corners, GA 30092-2818
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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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