Two-Level Office
For Sale
Under Contract
$525,000
100 Prospect Place, Alpharetta, GA 30005
Commercial Sale, Alpharetta, GA
Property Size2,400 SF
Lot Size0.30 Acres
Price / SF$218.75
Days on Market166
Property Features for 100 Prospect Place
General Information
Property type
Commercial Sale
Property subtype
Office
Parking features
Parking Lot
Lot features
Business Park, Corner Lot
Directions
GA-120 E/Old Milton Pkwy,Turn left onto Kimball Bridge Rd,Turn left onto Prospect Pl
Standard status
Active Under Contract
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
Natural Gas, Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2001
Flooring type
Carpet, Hardwood
Building materials
Brick
Roof type
Tile
Listing Agency:
Norluxe Realty Midtown
(404) 448-1888
Listed By:
Kalani Verdine · License #403217
(678) 923-1770
Added: Apr 2
Changed: Sep 12
Last Checked: Sep 14 at 3:06AM
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.
Investment Insights
Based on property information with market context.
This 2,400-square-foot office condominium is arranged across two levels with two 1,200-square-foot suites. Each suite has its own entrance, full kitchen, and full bathroom. The available suite includes an entry area, two private offices with shelving, an open work area suitable for partitioning, fresh paint, and a stackable washer and dryer. Hardwood and carpet flooring are present, along with central heating and cooling.
The other suite is leased through April 2028. Separate utility meters, public water and sewer service, a tile roof, brick construction, and a parking lot support the property’s practical operation. Built in 2001, the condominium is located at 100 Prospect Place in Alpharetta, within Georgetown Park and near medical, wellness, tutoring, financial, and professional service businesses. Shopping and dining are also nearby.
The other suite is leased through April 2028. Separate utility meters, public water and sewer service, a tile roof, brick construction, and a parking lot support the property’s practical operation. Built in 2001, the condominium is located at 100 Prospect Place in Alpharetta, within Georgetown Park and near medical, wellness, tutoring, financial, and professional service businesses. Shopping and dining are also nearby.
Key Highlights
- 2,400‑square‑foot office condominium with two 1,200‑square‑foot suites
- Two‑level layout with separate entrances, full kitchens, and full bathrooms
- One suite leased through April 2028; second suite is move‑in ready
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,139
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$642,780
$642.8K
Cap Rate 7%
$459,129
$459.1K
Cap Rate 9%
$357,100
$357.1K
Market Conditions
NOI Build-Up for 2,400 SF
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.
Gross rent
$57.3K $23.87/SF
− Vacancy
−$14.4K −$6.02/SF
EGI
$42.9K $17.85/SF
− OpEx
−$10.7K −$4.46/SF
NOI
$32.1K $13.39/SF
Area
Fulton County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$642,780
Cap Rate 7%
$459,129
Cap Rate 9%
$357,100
Alternative Uses
Best Use
Office B
$459.1K
$401.7K – $535.7K
NOI $32,139 @ 7.0% cap · market cap 6.12%
Second Best
—
—
no second resolved use
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 authorities.
Property Analytics
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Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
766
Businesses Nearby
Explore this area
Business Placement
Demographics for 30005, GA
39,308
Population
14,879
Households
2.6
Avg Household Size
38
Median Age
76%
College-Educated
99%
High-School Grad
15.8 sq mi
ZIP Area
2,488
Density / Sq Mi
$170,951
Median Household Income
$82,686
Median Earnings
$1,929
Median Rent
$587,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Flexible professional office configuration with private entrances, kitchens, bathrooms, and separate utility meters.
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: 2,400‑square‑foot office condominium with two 1,200‑square‑foot suites; Two‑level layout with separate entrances, full kitchens, and full bathrooms; One suite leased through April 2028; second suite is move‑in ready
