Alpharetta Office Condo For
100 Prospect Place Alpharetta, GA 30005
For Sale
$525,000
COMMERCIAL - Alpharetta, GA
Property Size2,400 SF
Lot Size0.30 Acres
Price / SF$218.75
Days on Market120
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 Agency:
Norluxe Realty Midtown
(404) 448-1888
Listed By:
Kalani Verdine
(678) 923-1770
Added: Apr 2
Changed: May 13
Last Checked: Jul 30 at 1:06AM
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 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.
Key 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.
Financial Insights For Office B
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 | $57.3k | $23.87 |
| − Vacancy | −$14.4k | −$6.02 |
| EGI | $42.9k | $17.85 |
| − OpEx | −$10.7k | −$4.46 |
| NOI | $32.1k | $13.39 |
2,400 SF · lease $23.87/SF/yr · vacancy 25.20% · expense 25.00%
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
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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.
