Spacious Mixed-Use Property
For Sale
$525,000
100 Prospect Place, Alpharetta, GA 30005
Two-story office/mixed-use property with flexible space and recent upgrades.
Property Size2,400 SF
Price / SF$218.75
Days on Market159
Property Features for 100 Prospect Place
General Information
Standard status
Active
Size
2,400 SF
Zoning
C4
Taxes and HOA fees
Annual Taxes
$3,552
Amenities
Accessible Entrance, Accessible Hallway(s)
Central Air
Central, Natural Gas
City, Trees/Woods
Parking Lot
Building Details
Building Size
2,400 SF
Year Built
2001
Buildings
1
Listing Agency:
Norluxe Realty LLC
(678) 923-1770
Listed By:
Kalani Verdine · License #403217
(678) 923-1770
Source:
Evrealestate
Added: Mar 26
Changed: Aug 23
Last Checked: Aug 30 at 1:20PM
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 Realty LLC
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
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
$29,160
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
5.55%
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%
$583,200
$583.2K
Cap Rate 7%
$416,571
$416.6K
Cap Rate 9%
$324,000
$324.0K
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
$51.8K $21.60/SF
− Vacancy
−$5.2K −$2.16/SF
EGI
$46.7K $19.44/SF
− OpEx
−$17.5K −$7.29/SF
NOI
$29.2K $12.15/SF
Area
Fulton County, GA
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$583,200
Cap Rate 7%
$416,571
Cap Rate 9%
$324,000
Alternative Uses
Best Use
Mixed Use
$416.6K
$364.5K – $486.0K
NOI $29,160 @ 7.0% cap · market cap 5.55%
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
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
Questions? Ask Rey
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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.
