Two-Level End Unit Office
For Sale
$525,000
100 Prospect Place, Alpharetta, GA 30005
COMMERCIAL - Alpharetta, GA
Property Size2,400 SF
Lot Size0.30 Acres
Price / SF$218.75
Days on Market137
Property Features for 100 Prospect Place
General Information
Property type
Commercial Sale
Property subtype
Office
Parking features
Parking Lot
Lot features
Business Park, Corner Lot
Directions
GA-120 E/Old Milton Pkwy,Turn left onto Kimball Bridge Rd,Turn left onto Prospect Pl
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
Carpet, Hardwood
Building materials
Brick
Roof type
Tile
Listing Agency:
Norluxe Realty Midtown
(404) 448-1888
Listed By:
Kalani Verdine · License #403217
(678) 923-1770
Added: Apr 2
Changed: Aug 4
Last Checked: Aug 16 at 3:06AM
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.
Two-level, end unit office condominium in Georgetown Park featuring two separate 1,200 SF suites, each with a private entrance, full bathroom, and full kitchen. The property was built in 2001 and is configured to support multiple professional uses or an owner-occupant strategy. One suite is leased to a professional office tenant through April 2028, while the other suite is move-in ready with fresh interior paint and a layout that includes a welcoming entry area, stackable washer/dryer, two private offices with shelving, a large open workspace that can be partitioned, and a full bathroom.
Located just off Kimball Bridge Road in Alpharetta, this end unit offers separate utility meters and shared parking throughout the complex. Tenant-pay utilities are noted for the leased suite, and ADT security is in place per the tenant arrangement. The building includes well-maintained HVAC, with central heating and central air.
The suites’ combination of private entry, full kitchen, and flexible workspace makes this a practical fit for office users and investors looking for long-term stability within a professional service corridor.
Located just off Kimball Bridge Road in Alpharetta, this end unit offers separate utility meters and shared parking throughout the complex. Tenant-pay utilities are noted for the leased suite, and ADT security is in place per the tenant arrangement. The building includes well-maintained HVAC, with central heating and central air.
The suites’ combination of private entry, full kitchen, and flexible workspace makes this a practical fit for office users and investors looking for long-term stability within a professional service corridor.
Key Highlights
- End unit two‑level office condo in Georgetown Park
- Two suites, each 1,200 SF, with private entrances
- Each suite includes a full bathroom and full kitchen
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
$32,139
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
6.12%
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%
$642,780
$642.8K
Cap Rate 7%
$459,129
$459.1K
Cap Rate 9%
$357,100
$357.1K
Market Conditions
NOI Build-Up for 2,400 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
$57.3K $23.87/SF
− Vacancy
−$14.4K −$6.02/SF
EGI
$42.9K $17.85/SF
− OpEx
−$10.7K −$4.46/SF
NOI
$32.1K $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%
$642,780
Cap Rate 7%
$459,129
Cap Rate 9%
$357,100
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
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
766
Businesses Nearby
Explore this area
Business Placement
Demographics for 30005, GA
39,308
Population
14,879
Households
2.6
Avg Household Size
38
Median Age
76%
College-Educated
99%
High-School Grad
15.8 sq mi
ZIP Area
2,488
Density / Sq Mi
$170,951
Median Household Income
$82,686
Median Earnings
$1,929
Median Rent
$587,400
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 - Two-suite office condo with private entrances, full bathrooms, kitchens, and separate metering within Georgetown Park.
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: End unit two‑level office condo in Georgetown Park; Two suites, each 1,200 SF, with private entrances; Each suite includes a full bathroom and full kitchen
