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    Property profile & analytics

    600 Peachtree St Atlanta, GA 30308

    • Office buildings
    • 713,518 SF
    • 3.63 lot acres
    For Lease
    View listing
    Last Sale
    May 06, 2024
    $201,930,896
    Value Estimations
    $201,930,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1149522
    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.

    Current Use by 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

    Property Details for 600 Peachtree St

    Year built
    1992
    Lot size
    3.63 lot acres
    Property size
    713,518 SF
    Zone code
    SPI2
    Property type
    Office buildings
    APN
    14 005000010629
    APU
    14005000010629

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      Off market
      ML approach
      Off market

    • CAP approach

      CAP Return
      Estimation
      6%
      $169,865,000
      6.5%
      $156,795,000
      7%
      $145,595,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $273,857,000
      Market price range: $84.1M - $289M
      AI Estimate
      $121,406,000
      Market price range: $20.0M - $157M

    • 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

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.3863
    Latitude
    33.7708
    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
    $13,267,200
    $7,096,720
    $88,903,280
    $96,000,000
    -
    $17,741,800
    $222,258,200
    $240,000,000

    Comparable in this City

    • Value Estimation
      $8,615,000
      88,892 SF

      384 Peachtree NE St

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 88,892 SF
      384 Peachtree NE St, Atlanta, GA 30308
      View Details
    • Value Estimation by Request
      25,626 SF

      695 Nn NE Ave

      OFFICE BUILDING (MULTI-STORY) • 25,626 SF
      695 Nn NE Ave, Atlanta, GA 30308-3161
      View Details
    • Value Estimation
      $885,000
      6,716 SF

      420 Ponce De Leon NE Ave

      OFFICE BUILDING (MULTI-STORY) • 6,716 SF
      420 Ponce De Leon NE Ave, Atlanta, GA 30308-2015
      View Details
    • Value Estimation by Request
      2,309 SF

      675 Ponce De Leon NE Ave

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 2,309 SF
      675 Ponce De Leon NE Ave, Atlanta, GA 30308-1829
      View Details
    • Value Estimation by Request
      572,864 SF

      30 Ivan Allen Jr NW Blvd

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 572,864 SF
      30 Ivan Allen Jr NW Blvd, Atlanta, GA 30308-3003
      View Details
    • Value Estimation by Request
      2,232 SF

      3rd NW St

      OFFICE BUILDING (MULTI-STORY) • 2,232 SF
      3rd NW St, Atlanta, GA 30308
      View Details

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      Luxury Midtown Residence with Terrace

      Upscale 3-bedroom condo with premium amenities and smart-home technology.
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    Similar Nearby for Lease

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      Midtown Office Space Available

      Office space in Midtown's technology hub, near amenities and transit.
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      1,736,017 SF

      Atlanta Office Tower Subleases Available

      Premium Atlanta Office Space: 10,000-25,000 SF
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      Midtown Atlanta Office Space Available

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      7,556 SF

      Prime Midtown Retail Space Available

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      View Details
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    600 Peachtree St
    Atlanta, GA 30308
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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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