Spacious Mixed-Use Property
100 Prospect Place Alpharetta, GA 30005
For Sale
Contact for pricing
Two-story office/mixed-use property with flexible space and recent upgrades.
Property Size2,400 SF
Price / SF$218.75
Days on Market533
Property Features for 100 Prospect Place
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Office
Building Details
Year Built
2001
Listing Agency:
Norluxe
Listed By:
Kalani Verdine · License #403217
Source:
Crexi
Added: Feb 12, 2025
Changed: Jul 10
Last Checked: Jul 29 at 3:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Norluxe
Investment Insights
Based on property information with market context.
This two-story office/mixed-use property offers a spacious layout suitable for various business needs. The property includes two kitchens, brand-new washer and dryers, and two prep sinks. It features two separate entrances with dedicated parking areas, offering flexibility to operate as one unified space or subdivided into two separate units. A welcoming reception area provides a professional workspace. Recent upgrades include energy-efficient LED lighting throughout and new hardwood flooring downstairs, with freshly painted interiors upstairs. The property is located in a prime end-unit spot, nine minutes from Avalon and within walking distance of shops and restaurants.
Key Highlights
- Two properties for the price of one, offering flexibility and potential rental income.
- Prime end‑unit location, close to Avalon, shops, and restaurants.
- Two separate entrances and dedicated parking areas for convenient access.
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
Mixed Use
$416.6K
$364.5K – $486.0K
NOI $29,160 @ 7.0% cap · market cap 5.55%
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?
Mixed-use property - Two-story office/mixed-use property with flexible space and recent upgrades.
Where is this mixed-use property 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: Two properties for the price of one, offering flexibility and potential rental income.; Prime end‑unit location, close to Avalon, shops, and restaurants.; Two separate entrances and dedicated parking areas for convenient access.
