2400 Lake Park DrSmyrna, GA 30080

  • Office properties
  • 109,872 SF
For Lease
$19.50/SF/YR View listing

Property Details for 2400 Lake Park Dr

Year built
1981
Lot size
3.23 AC
Property size (Sq ft)
109,872 SF
Zone code
MU
Property type
Office properties
Property subtype
Office buildings
APN
17078000080
APU
17078000080

Description

This exceptional four-story Class B office building, located at 2400 Lake Park Drive in Smyrna, Georgia, offers a prime opportunity for businesses seeking executive office space in the desirable Cumberland/Galleria submarket. The property boasts a total of 102,197 square feet, situated on a generous 9.5-acre lot. Currently, there is 30,825 square feet of vacant space available, divisible into units as small as 1,200 square feet and offering contiguous spaces up to 9,456 square feet. Built in 1983, the building provides ample parking with a ratio of 4 spaces per 1,000 square feet. The property's location in Cobb County, zip code 30080, offers convenient access to major transportation routes and amenities. This multi-tenant building presents a versatile solution for companies of various sizes, seeking modern executive office space in a thriving business district. The building's substantial size and flexible lease options make it an ideal choice for businesses looking to expand or establish a presence in this highly sought-after area of metro Atlanta. Inquire today to learn more about this exceptional leasing opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $21,629,732
    6.5%
    $19,965,906
    7%
    $18,539,770
  • Comparable approach

    Method
    Valuation
    Relative Method
    $14,728,070
    Geo Method
    $21,431,632
  • Alternative Use

    Use
    Valuation
    Residential
    $24,757,724
    Hospitality
    $22,677,942
    Educational
    $18,867,782
    Medical
    $19,516,674
    Retail
    $29,349,882
2400 Lake Park Dr, Smyrna, Georgia

Location Insight

City
Smyrna
County
Cobb
State
Georgia
Latitude
33.897
Longitude
-84.4836
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
2024
$115,530
$532,712
$3,720,964
$4,253,676
-
$1,331,780
$9,302,410
$10,634,190

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