Two-Level Office
For Sale
$350,000
1000 Abbey Court, Alpharetta, GA 30004
Commercial Sale, Alpharetta, GA
Property Size1,638 SF
Price / SF$213.68
Days on Market30
Property Features for 1000 Abbey Court
General Information
Property type
Residential
Property subtype
Office
Zoning
0I
Parking
12
Parking features
Parking Lot
Interior features
High Ceilings 10 or Greater, Reception Area, Restrooms
Lot features
Business Park
Directions
GPS Friendly - Go north on Crabapple Rd (Hwy 372) from Holcomb Bridge past Hwy 140. Turn left into Crabapple Village on Abbey Ct.
Standard status
Active
APN
22 386011670665
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1999
Floors in Building
2
Flooring type
Hardwood, Carpet
Building materials
Brick 4 Sides
Roof type
Asphalt
Listing Agency:
Atlanta Communities
(770) 240-2005
Listed By:
Kelly Mowry · License #387362
(404) 247-6734
Added: Aug 3
Changed: Aug 19
Last Checked: Sep 1 at 6:06AM
MLS# 7815037
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.
Investment Insights
Based on property information with market context.
This 1,638-square-foot office unit is arranged across two levels with four private offices, a reception area, collaboration space, kitchenette, restrooms, and a copy and supply room. The upper level adds a private office or conference room, while the main level includes a two-story lobby. Hardwood and carpet flooring, central heating and cooling, brick construction, and an asphalt roof are among the existing features. Built in 1999, the property is zoned 0I and includes parking lot access.
The office is located within a private business park less than a mile from Crabapple Market in Alpharetta. Public sewer, cable availability, central air, and an established office layout support continued professional use. The configuration is suited to an owner-user or investor seeking a self-contained office setting.
The office is located within a private business park less than a mile from Crabapple Market in Alpharetta. Public sewer, cable availability, central air, and an established office layout support continued professional use. The configuration is suited to an owner-user or investor seeking a self-contained office setting.
Key Highlights
- 1,638‑square‑foot office unit arranged across two levels
- Four private offices plus an upper‑level private office or conference room
- Two‑story lobby, reception area, collaboration space, kitchenette, and two restrooms
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
$21,935
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
6.27%
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%
$438,700
$438.7K
Cap Rate 7%
$313,357
$313.4K
Cap Rate 9%
$243,722
$243.7K
Market Conditions
NOI Build-Up for 1,638 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
$39.1K $23.87/SF
− Vacancy
−$9.9K −$6.02/SF
EGI
$29.2K $17.85/SF
− OpEx
−$7.3K −$4.46/SF
NOI
$21.9K $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%
$438,700
Cap Rate 7%
$313,357
Cap Rate 9%
$243,722
Alternative Uses
Best Use
Office B
$313.4K
$274.2K – $365.6K
NOI $21,935 @ 7.0% cap · market cap 6.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$457.9K
$400.7K – $534.2K
NOI $32,052 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
493
Businesses Nearby
Explore this area
Business Placement
Demographics for 30004, GA
68,607
Population
25,485
Households
2.7
Avg Household Size
37
Median Age
72%
College-Educated
95%
High-School Grad
57.9 sq mi
ZIP Area
1,185
Density / Sq Mi
$147,996
Median Household Income
$82,818
Median Earnings
$1,839
Median Rent
$583,700
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 - Updated professional workspace in a private business park with reception, private offices, collaboration space, and kitchenette.
Where is this office units located?
The property is located at 1000 Abbey Court Alpharetta, GA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,638‑square‑foot office unit arranged across two levels; Four private offices plus an upper‑level private office or conference room; Two‑story lobby, reception area, collaboration space, kitchenette, and two restrooms
