Office Condominium with Reception
New
For Sale
$324,900
1102 Macy Drive, Roswell, GA 30076
Commercial Sale, Roswell, GA
Property Size1,186 SF
Lot Size0.03 Acres
Price / SF$273.95
Days on Market5
Property Features for 1102 Macy Drive
General Information
Property type
Residential
Property subtype
Office
Zoning
C2
Parking
8
Parking features
Parking Lot
Window features
Insulated Windows
Interior features
High Ceilings 10 or Greater, Reception Area, Recessed Lighting, Restrooms
Lot features
Business Park, Level
View
City
Directions
Use GPS for easy accurate directions to 1102 Macy Dr - Crossville Village Office complex
Standard status
Active
APN
12 187004062162
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1838
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1999
Floors in Building
1
Flooring type
Vinyl, Carpet
Building materials
Brick Front, Brick 4 Sides, Brick
Listing Agency:
Harry Norman Realtors
(770) 422-6005
Listed By:
Steve Sharman · License #259967
(404) 558-0676
Added: Aug 18
Changed: Aug 20
Last Checked: Aug 22 at 6:06PM
MLS# 7824080
Copyright © 2026 First Multiple Listing Service, Inc. 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 1,186-square-foot office condominium, built in 1999, offers a practical professional layout with a reception area, conference or display room, administrative office, three additional private offices, kitchenette with wet bar, half bath, and separate storage, file, or workroom. High ceilings, large windows, recessed lighting, carpeting, and vinyl flooring are complemented by brick construction and central heating and cooling.
The property is located at 1102 Macy Drive in Roswell, with access from Crossville Road, identified as Hwy 92, and Crabapple Road. Crossville Village is a 25-building office condominium community containing nearly 125,000 square feet of individually owned office space. Restaurants, retail, services, and Historic Roswell are nearby. Monthly HOA fees cover water, sewer, trash, roof, exterior maintenance, building insurance, and landscaping. The property has C2 zoning, public water and sewer, and no rental restrictions.
The property is located at 1102 Macy Drive in Roswell, with access from Crossville Road, identified as Hwy 92, and Crabapple Road. Crossville Village is a 25-building office condominium community containing nearly 125,000 square feet of individually owned office space. Restaurants, retail, services, and Historic Roswell are nearby. Monthly HOA fees cover water, sewer, trash, roof, exterior maintenance, building insurance, and landscaping. The property has C2 zoning, public water and sewer, and no rental restrictions.
Key Highlights
- 1,186‑square‑foot office condominium in Crossville Village
- Reception area, conference/display room, administrative office, and three private offices
- Separate kitchenette/wet bar, half bath, and storage/file/workroom
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
$15,882
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
4.89%
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%
$317,640
$317.6K
Cap Rate 7%
$226,886
$226.9K
Cap Rate 9%
$176,467
$176.5K
Market Conditions
NOI Build-Up for 1,186 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
$28.3K $23.87/SF
− Vacancy
−$7.1K −$6.02/SF
EGI
$21.2K $17.85/SF
− OpEx
−$5.3K −$4.46/SF
NOI
$15.9K $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%
$317,640
Cap Rate 7%
$226,886
Cap Rate 9%
$176,467
Alternative Uses
Best Use
Office B
$226.9K
$198.5K – $264.7K
NOI $15,882 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$331.5K
$290.1K – $386.8K
NOI $23,207 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
790
Businesses Nearby
Explore this area
Business Placement
Demographics for 30076, GA
43,786
Population
18,169
Households
2.4
Avg Household Size
38
Median Age
59%
College-Educated
92%
High-School Grad
16.0 sq mi
ZIP Area
2,737
Density / Sq Mi
$113,166
Median Household Income
$52,413
Median Earnings
$1,673
Median Rent
$461,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - C2-zoned professional office with private rooms, kitchenette, storage, and on-site parking in a multi-building office community.
Where is this office units located?
The property is located at 1102 Macy Drive Roswell, GA.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: 1,186‑square‑foot office condominium in Crossville Village; Reception area, conference/display room, administrative office, and three private offices; Separate kitchenette/wet bar, half bath, and storage/file/workroom
