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    11285 Elkins Road unit 3K Roswell, GA 30076

    View on Map
    New
    For Sale
    $302,000

    SINGLE_FAMILY - Roswell, GA

    Type:Office
    Property size:
    2,052 SF
    Lot size:
    0.05 Acres
    Added:
    Apr 2, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 3 at 7:06 pm

    Property Features for 11285 Elkins Road unit 3K

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    Off
    Parking
    8
    Parking features
    Parking Lot
    Window features
    Aluminum Frames
    Interior features
    High Ceilings 10 or Greater, Reception Area, Restrooms
    Standard status
    Active
    Size
    2,052 SF
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    2994

    Utilities

    Utilities
    Cable Available
    Heating system
    Central
    Cooling system
    Central Air, Ceiling Fan(s)

    Building Details

    Year built
    1985
    Floors in Building
    2
    Flooring type
    Tile - Ceramic, Carpet, Hardwood
    Building materials
    Stone, Wood Siding
    Roof type
    Asphalt, Fiberglass

    We can help!

    Listing Contact
    LISA WALKER

    Listing agent LISA WALKER

    Listing office Atlanta Communities 9860 Highway 92, Marietta, GA

    Listing date Apr 2, 2026

    MLS# 7745801

    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.

    Overview

    Functional Office Space in Roswell

    This two-level office building offers 2,052 square feet of functional space. The upper level, comprising 1,026 square feet, includes a reception/waiting area, three to four offices, a kitchen/supply area, and two bathrooms. The lower level, also 1,026 square feet, features a private entrance, reception/office area, four to five offices, and one bathroom. Recent upgrades include new interior painting and new lighting on the lower level. A new lower-level furnace is planned for 2025, and the upper-level AC was replaced in 2023. The property is located in a prime business park near dining, hotels, banks, shopping, and Hwy 400. The wood and stone exterior provides a professional aesthetic, making this space suitable for businesses seeking accessibility and efficiency.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Aria Power Solutions Electrical Service Archers Exclusive Car Dealership Therapy and Learning Center ... Crisis Center Need Construction Construction Company Robert L. DeLettera, ... Tax Preparation

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Roswell
    County
    Fulton
    State
    Georgia
    Longitude
    -84.333422
    Latitude
    34.05516

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    FAQs

    What type of property is this?
    Office building - Two-level office building in prime business park near Hwy 400.
    Where is this office building located?
    The property is located at 11285 Elkins Road unit 3K Roswell, GA.
    What is the asking price?
    The asking price for this property is $302,000.
    What are key features of this property?
    This property features: Prime location in a business park near dining, hotels, banks, shopping, and Hwy 400.; Two‑level office building with **2,052 sq. ft. of functional space.**; Upper level: Reception/Waiting Area, 3‑4 Offices, Kitchen/Supply, 2 Bathrooms (1026 Sq Ft).
    (770) 240-2001
    We can help!
    Listing Contact
    LISA WALKER
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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