Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1845 Evergreen Ln Alpharetta, GA 30009

    Sponsored
    For Sale
    $850,000

    LAND - Alpharetta, GA

    Lot size:
    0.53 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 4 at 2:06 pm

    Property Features for 1845 Evergreen Ln

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Vegetation
    Cleared
    APN
    22 465111780192
    Fencing
    Fenced
    Lot size
    0.53 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Cesar Pacheco

    eXp Realty (770) 361-7068

    Listing agent Cesar Pacheco (888) 959-9461

    Listing date Mar 4, 2026

    MLS# 10700850 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Prime Alpharetta Land Opportunity

    This 0.54-acre level lot presents a rare opportunity for builders and developers in a rapidly transforming luxury corridor of Alpharetta. The property is ideally positioned for a high-end custom estate within a subdivision where new redevelopment is exceeding $2M, with neighboring homes reaching $6M. A smaller lot directly across the street recently sold for $925,000 to accommodate a $2.8M custom build, demonstrating the market potential. The generous, level lot is suited for a sprawling architectural footprint and private outdoor space. A current survey is available to streamline due diligence and planning. The property includes an updated and functional 2-bedroom, 2-bathroom ranch home; however, the primary value is in the land and its ROI potential. The location offers access to Alpharetta Elementary and Cambridge High School districts, and proximity to the walking trails and amenities of Wills Park. Downtown Alpharetta and Avalon's entertainment, dining, and shopping options are minutes away. This property represents a "buy and build" opportunity in an area where demand for luxury new construction exceeds supply. The property is sold as-is.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Alpharetta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.306478
    Latitude
    34.087736

    Nearby Similar for Sale

    • $399,000
      Pending

      Downtown Alpharetta Office Condo

      Modern 1,134 SF office condo in downtown Alpharetta.
      1100 Powers Pl, Alpharetta, GA 30009
      View Details
    • $563,000
      1,815 SF

      Versatile Alpharetta Warehouse Condo

      Premium end-unit warehouse condo perfect for work and play.
      5725 Stables Way, Alpharetta, GA 30004
      View Details
    • New
      $599,900
      0.27 Acres

      Alpharetta Duplex: Investment Opportunity

      Well-maintained duplex in Alpharetta with tenants in place.
      1331 N Hampton Rd, Alpharetta, GA 30009
      View Details
    • New
      $5,950,000
      21,000 SF

      Versatile Alpharetta Commercial Opportunity

      21,000 sq ft building on almost 3 acres.
      5000 Mcginnis Ferry Rd, Alpharetta, GA 30005
      View Details
    • New
      $5,950,000
      21,000 SF

      Versatile Commercial Building Near Halcyon

      21,000 SF Alpharetta building suitable for office, retail, warehouse.
      5000 Mcginnis Ferry Rd, Alpharetta, GA 30005
      View Details
    • New
      $9,500,000
      44,716 SF

      Alpharetta Assisted Living Facility For Sale

      Turnkey assisted living facility in Alpharetta, GA, for sale.
      5690 State Bridge Rd, Alpharetta, GA 30022
      View Details
    • New
      $9,500,000
      46,500 SF

      Alpharetta Assisted Living Facility

      Turnkey assisted living facility in Alpharetta, Georgia for sale.
      5690 State Bridge Rd, Alpharetta, GA 30022
      View Details
    • $339,999
      Pending

      Townhome Near Avalon and Downtown

      Luxury townhome near Avalon and Downtown Alpharetta with investment potential.
      2914 Webb Bridge Rd, Alpharetta, GA 30009
      View Details
    • $2,500,000
      7,275 SF

      Alpharetta Commercial Building For Sale

      Well-maintained commercial building in Alpharetta, suitable for medical or office use.
      8480 Holcomb Bridge Rd, Alpharetta, GA 30022
      View Details
    • $549,000
      0.75 Acres

      Updated Duplex in Alpharetta, GA

      Updated duplex with large yard and storage, fully rented.
      1230 Hanover Pl, Alpharetta, GA 30009
      View Details
    • New
      $679,900
      0.51 Acres

      Alpharetta Turnkey Investment Opportunity

      Profitable investment property in Alpharetta with stable tenant and immediate income.
      1250 Rosewood Dr, Alpharetta, GA 30005
      View Details
    • $600,000
      1.27 Acres

      Alpharetta Commercial Land For Sale

      1.27 acre commercial lot in Alpharetta, Georgia.
      12410 Morris Rd, Alpharetta, GA 30005
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.54-acre lot in luxury corridor, ideal for custom estate.
    Where is this residential land & home lot located?
    The property is located at 1845 Evergreen Ln Alpharetta, GA.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - Prime 0.54-acre level lot in a rapidly transforming luxury corridor of Alpharetta.; - Significant ROI potential in a high-demand location; new redevelopments surpassing $2M and neighboring homes reaching $6M.; - Located in the highly sought-after Alpharetta Elementary and Cambridge High School districts.
    (678) 662-3183
    Request Owner's contact information
    1845 Evergreen Ln Alpharetta, GA 30009
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1845 Evergreen Ln
    Alpharetta, GA 30009
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1845 Evergreen Ln Alpharetta, GA 30009
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Cesar Pacheco
    (678) 662-3183 (888) 959-9461
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!