Alpharetta Office Condo For
122 Prospect Place, Alpharetta, GA 30005
Corner office condo with direct access and flexible layout.
Type:General Commercial
Property size:
1,176 SFPrice / SF:
$267/SF- Added:
- Jun 24, 2024
- Days on Market:
- 707
- Last Refresh:
- May 13 at 8:31 pm
Property Features for 122 Prospect Place
General Information
- Standard status
- Active
- Size
- 1,176 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 2001
Listing agent Tracey Craft
Listing office Ansley RE
Listing date Jun 24, 2024
Source Xome
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 Ansley RE
HighLights
- Convenient, step‑less entry with direct parking‑lot access (lower level corner unit).
- Flexible layout featuring three window offices, three internal offices, and large storage.
- Prime East Alpharetta location near Johns Creek with quick access to GA‑400 and Peachtree Corners Pkwy.
- Move‑in ready with fresh paint, new LED adjustable lighting, and digital entry.
- Equipped with CAT 5 and power‑over internet.
- Counter kitchen with space for a mini refrigerator and a bathroom.
Overview
This Alpharetta office condo is available for sale, suitable for a professional-services business. The corner unit is located on the lower level, providing direct parking-lot access for step-less entry. The condo includes three window office spaces, three internal offices, and a large walk-in storage room. It also features a counter kitchen with space for a mini refrigerator, and a bathroom. The property has been freshly painted and includes new LED adjustable lighting, digital entry, and CAT 5 and power-over internet. The layout is designed to offer maximum flexibility for various business needs. The front window office space can serve as a conference room or welcome area, or be converted into a designated office with the addition of French doors. Two of the internal offices are large enough to accommodate multiple work spaces. The property is located in East Alpharetta near Johns Creek, with quick access to both 400 and 141/Peachtree Corners Pkwy. The property has a size of 1176 square feet.
Local 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 | $28.1k | $23.87 |
| − Vacancy | −$7.1k | −$6.02 |
| EGI | $21.0k | $17.85 |
| − OpEx | −$5.2k | −$4.46 |
| NOI | $15.7k | $13.39 |
1,176 SF · lease $23.87/SF/yr · vacancy 25.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$225.0K
$196.9K – $262.5K
NOI $15,748 @ 7.0% cap · market cap 5.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$328.7K
$287.7K – $383.5K
NOI $23,012 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Retail Technology Centers ...
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Alpharetta
- County
- Fulton
- State
- Georgia
- Longitude
- -84.2249
- Latitude
- 34.0843
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Corner office condo with direct access and flexible layout.
Where is this office units located?
The property is located at 122 Prospect Place Alpharetta, GA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Convenient, step‑less entry with direct parking‑lot access (lower level corner unit).; Flexible layout featuring three window offices, three internal offices, and large storage.; Prime East Alpharetta location near Johns Creek with quick access to GA‑400 and Peachtree Corners Pkwy.
