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Property profile & analytics
OFF-MARKET
Estimated value
$8,020,000
Hotels
640 Peachtree NE St Atlanta, GA 30308-1929
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US22-3083191
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2021
Total area
203,450 SF
Lot
0.54 ac (23,740 SF)
Zoning code
SPI2
APN
14 004900080246
UPID
US22-3083191
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
-
640 Peachtree Street iParkit Garage Parking Lot & Garage
-
640 Peachtree Street Parking Lot & Garage
-
The Ponce Room Bar & Kitchen Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.67M
Blend (final)
Blend
$8.02M
Owner & transaction history
Development Authority Of Fulton C · 5 yrs held
Development Authority Of Fulton C
since 2020
Last sale
$8.0M
4 recorded transactions
Zoning & alternative use
SPI2 · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$8,080,000
ML approach
$8,350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.02M
Range $7.22M – $8.82M · ±10% · vs last sale $8.00M (Dec 31 2020)
Last sale anchor
$8.00M
Dec 31 2020
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
$39 / 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
$1,020,069
Tax year 2023
Assessed value
$21,984,240
Assessed 2023
Previous assessed
$21,984,240
+0.0% YoY
Effective rate
4.64%
On assessed value
Assessed land
$1,905,400
Assessed improvement
$20,078,840
Land market value
$4,763,500
Improvement market value
$50,197,100
Total market value
$54,960,600
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2021
Heating
NONE
Stories
1
Units
282
Total area
203,450 SF
Lot
0.54 ac (23,740 SF)
Zoning code
SPI2
APN
14 004900080246
UPID
US22-3083191
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.
Building & site characteristics
From public records
Year built
2021
Heating
NONE
Stories
1
Units
282
Lot
0.54 ac
Current owner
From public records · entity-resolved
Development Authority Of Fulton C
Entity
Mailing address
2700 POST OAK BLVD FL #21, HOUSTON, TX 77056-5798
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2020
—
Development Authority Of Fulton C
Nf IV-va Atlanta Midtown LLC
Grant Deed
related
—
Jun 12, 2019
$8,000,000
Nf IV-va Atlanta Midtown LLC
Ugp-640 Peachtree LLC
Grant Deed
$62,855,000 · Us Bk
Jul 13, 2011
—
Urban Growth Property LP
—
Deed Of Trust
related
$480,000,000 · John Hancock Life Insurance Co
Feb 5, 2003
$4,300,000
Urban Growth Property
Peachtree At Ponce LLC
Grant Deed
related
—
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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