Alpharetta Office Condo For
100 Prospect Place, Alpharetta, GA 30005
COMMERCIAL - Alpharetta, GA
Type:Office
Property size:
2,400 SFLot size:
0.30 AcresPrice / SF:
$218/SF- Added:
- Apr 2, 2026
- Days on Market:
- 61
- Last Refresh:
- Jun 1 at 12:06 pm
Property Features for 100 Prospect Place
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 11 035001571895
- Size
- 2,400 SF
- Lot size
- 0.30 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 3552
Utilities
- Utilities
- Water Available
- Sewer type
- Public Sewer
- Heating system
- Central, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2001
- Flooring type
- Hardwood, Carpet
- Building materials
- Brick
- Roof type
- Tile
Listing agent Kalani Verdine (678) 923-1770
Listing office Norluxe Realty Midtown 650 Ponce De Leon Ave, Suite 300 #2, Atlanta, GA (404) 448-1888
Listing date Apr 2, 2026
MLS# 10723598
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Income‑producing property: Unit A is leased through April 2028, generating $2,100/month with annual rent escalations.
- Flexible usage: Two separate 1,200 sq ft suites with private entrances, bathrooms, and kitchens, suitable for investors or owner‑users.
- Move‑in ready suite: Unit B features fresh paint, a kitchen with washer/dryer, private offices, and a large workspace.
- Tenant in Unit A pays utilities, security, and WiFi, resulting in low owner expenses.
- High‑demand location: Georgetown Park is surrounded by professional businesses with convenient access to shopping and dining.
- Each unit has separate utility meters.
Overview
This 2,400 sq ft end unit office condominium, constructed in 2001, is located in Georgetown Park, near Kimball Bridge Road. The two-level property features two 1,200 sq ft suites, each with a private entrance, full bathroom, and full kitchen. Unit A is currently leased to a professional office tenant through April 2028, generating $2,100 per month with $100 annual rent escalations. The tenant is responsible for utilities, security, and WiFi. Unit B is move-in ready and suitable for various professional uses. It includes an entry area with a kitchen and stackable washer/dryer, two private offices with shelving, a large open workspace that can be partitioned, a full bathroom, fresh interior paint, and a private entrance. The previous rent roll for Unit B was $1,450 per month, with potential up to $1,800 per month. Additional features include separate utility meters, ADT security (tenant paid), well-maintained HVAC, and shared parking. Georgetown Park is surrounded by medical, wellness, tutoring, financial, and professional service businesses, with convenient access to shopping and dining. This property is suitable for investors seeking stable income or owner-users who want to occupy one suite while benefiting from rental income from the other. It is located in a high-demand professional corridor.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.8k | $27.00 |
| − Vacancy | −$6.8k | −$2.84 |
| EGI | $58.0k | $24.17 |
| − OpEx | −$23.2k | −$9.67 |
| NOI | $34.8k | $14.50 |
2,400 SF · lease $27.00/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$497.1K
$435.0K – $580.0K
NOI $34,798 @ 7.0% cap · market cap 6.63%
Second Best
Office B
$459.1K
$401.7K – $535.7K
NOI $32,139 @ 7.0% cap · market cap 6.12%
Theoretical Best
Office A
$670.9K
$587.0K – $782.7K
NOI $46,962 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Leger Physical Therapy ...
Medical Clinic
Nextgen Pest Solutions
Garden Center
Aaron Pargman
Physician
Dr. Leger
Pediatrician
New Atlanta
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Alpharetta
- County
- Fulton
- State
- Georgia
- Longitude
- -84.227794
- Latitude
- 34.059891
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - 2,400 SF office condo with income potential.
Where is this office units located?
The property is located at 100 Prospect Place Alpharetta, GA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Income‑producing property: Unit A is leased through April 2028, generating $2,100/month with annual rent escalations.; Flexible usage: Two separate 1,200 sq ft suites with private entrances, bathrooms, and kitchens, suitable for investors or owner‑users.; Move‑in ready suite: Unit B features fresh paint, a kitchen with washer/dryer, private offices, and a large workspace.
