Office Condominium
For Sale
$600,000
1002-6110 Atlanta Hwy, Alpharetta, GA 30004
Professional office suite within a business park, positioned for convenient access and flexible service-oriented use under M1 zoning.
Property Size1,656 SF
Price / SF$362.32
Days on Market61
Property Features for 1002-6110 Atlanta Hwy
General Information
Standard status
Active
Size
1,656 SF
Zoning
M1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,630
Listing Agency:
Crye-Leike, Realtors
(678) 845-1200
Listed By:
Sandra Bhardwaj · License #434833
(404) 951-7515
Source:
Exprealty
Added: Jul 8
Changed: Aug 24
Last Checked: Sep 5 at 10:59AM
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 Crye-Leike, Realtors
Investment Insights
Based on property information with market context.
This prime office condominium suite is located within the McFarland Station Business Park and offers an approximately 1,656 SF professional office setting. The space is suited for a variety of office and service-oriented uses permitted under M1 zoning.
The property is situated along Atlanta Highway and is described as providing convenient access to GA-400, Alpharetta, Cumming, and surrounding North Fulton and Forsyth County markets. The listing notes ample nearby amenities and strong overall accessibility for businesses looking to establish or expand their presence.
The offering consists of a professionally oriented office suite within a business park environment, with use eligibility governed by M1 zoning.
The property is situated along Atlanta Highway and is described as providing convenient access to GA-400, Alpharetta, Cumming, and surrounding North Fulton and Forsyth County markets. The listing notes ample nearby amenities and strong overall accessibility for businesses looking to establish or expand their presence.
The offering consists of a professionally oriented office suite within a business park environment, with use eligibility governed by M1 zoning.
Key Highlights
- Approximately 1,656 SF professional office condominium suite in McFarland Station Business Park
- M1 zoning allows a variety of office and service‑oriented uses permitted under M1
- Office suite located along Atlanta Highway for convenient access to GA‑400 and North Fulton/Forsyth County markets
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
$22,176
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
3.70%
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%
$443,520
$443.5K
Cap Rate 7%
$316,800
$316.8K
Cap Rate 9%
$246,400
$246.4K
Market Conditions
NOI Build-Up for 1,656 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
$39.5K $23.87/SF
− Vacancy
−$10.0K −$6.02/SF
EGI
$29.6K $17.85/SF
− OpEx
−$7.4K −$4.46/SF
NOI
$22.2K $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%
$443,520
Cap Rate 7%
$316,800
Cap Rate 9%
$246,400
Alternative Uses
Best Use
Office B
$316.8K
$277.2K – $369.6K
NOI $22,176 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$462.9K
$405.1K – $540.1K
NOI $32,404 @ 7.0% cap · market cap 5.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
62
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Professional office suite within a business park, positioned for convenient access and flexible service-oriented use under M1 zoning.
Where is this office units located?
The property is located at 1002-6110 Atlanta Hwy Alpharetta, GA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Approximately 1,656 SF professional office condominium suite in McFarland Station Business Park; M1 zoning allows a variety of office and service‑oriented uses permitted under M1; Office suite located along Atlanta Highway for convenient access to GA‑400 and North Fulton/Forsyth County markets
