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Property profile & analytics
OFF-MARKET
Estimated value
$201,930,000
Office buildings
600 Peachtree NE St Atlanta, GA 30308-2219
Entity Owned
2-yr Hold
Free & Clear
Property ID
US22-1149522
Property summary
AI-generated overview
Bank of America Plaza, located at 600 Peachtree St NE in Atlanta, Georgia, offers exceptional sublease opportunities on the 25th, 26th, and 27th floors. This Class A, high-rise office building boasts a total of 1,736,017 square feet across 55 stories, situated on a 3.63-acre lot in Fulton County. Originally constructed in 1992, the building underwent extensive renovations in 2023, ensuring modern amenities and a premium work environment. The available spaces range from 10,000 to 25,036 square feet, ideal for businesses seeking flexible and prestigious office accommodations in the heart of Atlanta. The building features a multi-tenant occupancy, providing a vibrant and collaborative atmosphere. This prime location offers unparalleled access to Atlanta's central business district, providing convenient access to transportation, dining, and cultural attractions. The zip code is 30308. This is a rare opportunity to secure high-quality office space in one of Atlanta's most iconic buildings. The property's traditional office layout provides a classic and efficient workspace. Contact us today to learn more about these exceptional sublease opportunities.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1992
Total area
713,518 SF
Lot
3.63 ac (158,123 SF)
Zoning code
SPI2
APN
14 005000010629
UPID
US22-1149522
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
-
King Robert A Law Firm
-
Truck & Commercial Auto Insurance Agency S&CO Insurance Agency
-
Benesch Engineering Consultant
-
Revel Systems iPad POS System (Bike/Boat/Book/etc) Store Corporate Office
-
Wilson Patricia A Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$201.93M
CAP Approach
CAP
$156.80M
Comparable Approach
Comparable
$273.86M
Blend (final)
Blend
$201.93M
Owner & transaction history
600 Peachtree Propco LLC · 2 yrs held
600 Peachtree Propco LLC
since 2024
Last sale
$201.9M
7 recorded transactions
Zoning & alternative use
SPI2 · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$200.6M
+20.1%
Neighborhood: shopping center
$194.2M
+16.3%
Medical building
$194.0M
+16.1%
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
$201,930,000
ML approach
$201,930,000
CAP Approach
CAP Return
Estimation
6%
$169,865,000
6.5%
$156,795,000
7%
$145,595,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$167,050,000
Current use
COMMERCIAL (GENERAL)
$200,555,000
Change: +20% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$194,190,000
Change: +16% · Conversion: Difficult
MEDICAL BUILDING
$193,990,000
Change: +16% · Conversion: Easy
AUTO REPAIR, GARAGE
$181,185,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$160,035,000
Change: -4% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$159,065,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$201.93M
Range $181.74M – $222.12M · ±10% · vs last sale $201.93M (May 6 2024)
Last sale anchor
$201.93M
May 6 2024
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
$283 / 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
$13,267,200
Tax year 2023
Assessed value
$96,000,000
Assessed 2023
Previous assessed
$96,000,000
+0.0% YoY
Effective rate
13.82%
On assessed value
Assessed land
$7,096,720
Assessed improvement
$88,903,280
Land market value
$17,741,800
Improvement market value
$222,258,200
Total market value
$240,000,000
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
OFFICE BUILDING
Status
Off-Market
Year built
1992
Heating
YES
Cooling
YES
Buildings
5
Stories
5
Total area
713,518 SF
Lot
3.63 ac (158,123 SF)
Zoning code
SPI2
APN
14 005000010629
UPID
US22-1149522
Jurisdiction
FULTON
Zoning & alternative use
SPI2 · Atlanta, GA
Zoning SPI2 · permitted uses
SPI2 · 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
OFFICE BUILDING Current
Est. value
$167.1M
COMMERCIAL (GENERAL)
Est. value
$200.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$194.2M
MEDICAL BUILDING
Est. value
$194.0M
AUTO REPAIR, GARAGE
Est. value
$181.2M
RETAIL STORES
Est. value
$160.0M
INDUSTRIAL (GENERAL)
Est. value
$159.1M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1992
Heating
YES
Cooling
Yes
Stories
5
Buildings
5
Lot
3.63 ac
Current owner
From public records · entity-resolved
600 Peachtree Propco LLC
Entity
Free & Clear · 2 yrs held
Mailing address
600 PEACHTREE ST NE, ATLANTA, GA 30308-2219
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2024
—
Op1 Wf Owner LLC
—
Deed
related
$567,428,992 · Us Bank Trust
May 6, 2024
—
600 Peachtree Propco LLC
Development Authority Of Fulton Cou
Quit Claim Deed
related
—
Jan 31, 2024
—
Opi Wf Owner LLC
Gpt Properties LLC
Warranty Deed
$425,000,000 · Wells Fargo
Mar 3, 2022
—
600 Peachtree Propco LLC
—
Deed
related
$343,782,016 · Cmft Re Lending Rf Sub Bb
Jun 10, 2021
—
Gpt Properties LLC
Development Authority Of Fulton Cou
Warranty Deed
—
Nov 1, 2020
—
Georgia St Dept Of Transportation
Nacey L Mecauley
Quitclaim Deed
related
—
Dec 31, 2013
$201,930,896
Development Authority Of Fulto
Jpmcc 2006 Cibc17 Office 6
Limited Warranty Deed
—
Oct 2, 2006
$436,000,000
Bf Atl LLC
Csc Associates
Deed
$363,000,000 · Jp Morgan Chase Bk
—
—
Bf Atl LLC
—
Deed Of Trust
related
$36,300,000 · Bank Of America
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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