6460 Spalding Dr Peachtree Corners, GA 30092-1807
Property profile & analytics
6460 Spalding Dr Peachtree Corners, GA 30092-1807
- Medical Office Space
- 10,614 SF
- 1.83 lot acres
Property ID
US22-3874830
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.
Location Intelligence
Current Use by Public Records
- Medical Office Space
Property Details for 6460 Spalding Dr
- Year built
- 1989
- Construction
- WOOD
- Lot size
- 1.83 lot acres
- Property size
- 10,614 SF
- Zone code
- C2-GENERAL BUSINESS
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 6-313 -171
- APU
- 6313171
Description
This exceptional investment opportunity presents a fully occupied, two-story medical office building totaling 10,614 square feet, situated on a 1.83-acre lot in the thriving Peachtree Corners submarket of Norcross, Georgia. The property, located at 6460 Spalding Drive, boasts a desirable C2 (General Business) Gwinnett zoning designation and features 96 parking spaces. Built in 1986 and extensively renovated in 2020, the building showcases Class A interior finishes throughout. The $3,950,000 asking price reflects a compelling $192.40 per square foot and a 7.20% cap rate. Significant recent capital improvements exceeding $1.2 million include new roofs with a 15-year warranty, updated HVAC units, and a reinforced retaining wall. The property benefits from strong regional medical tenants, including Northside Hospital, contributing to below-market rents and annual escalations that offer inflation protection. Tenants have also participated significantly in the build-out of their respective suites. The property enjoys high visibility from Spalding Drive (approximately 26,000 vehicles per day) due to prominent monument signage. Located within the Peachtree Corners Holcomb Bridge Corridor Urban Redevelopment area, this asset benefits from significant infrastructure improvements and the absence of city property taxes for commercial properties. The surrounding area is experiencing robust growth, with new amenities such as assisted living facilities and a Publix-anchored shopping center adding to the property's appeal. The property's location provides easy access to a population of approximately 213,000 within a 5-mile radius, boasting an average household income of approximately $146,000. This combination of strong tenancy, recent renovations, and a prime location makes this a truly exceptional investment opportunity. The property's APN is 6-313-171.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,800,000
- ML approach
- $3,800,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,565,000
- 6.5%
- $2,370,000
- 7%
- $2,200,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,773,000
Market price range: $2.34M - $4.77M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $3,400,000 Current use
- AUTO REPAIR, GARAGE
- $4,745,000 Change: +40% Conversion: Difficult
- RETAIL STORES
- $2,865,000 Change: -16% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $2,795,000 Change: -18% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $2,770,000 Change: -19% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Peachtree Corners
- County
- Gwinnett
- State
- Georgia
- Longitude
- -84.2593
- Latitude
- 33.9671
- 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
$45,949
$183,000
$1,098,200
$1,281,200
-
$457,500
$2,745,500
$3,203,000
