Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    100 Prospect Place Alpharetta, GA 30005

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Two-story office/mixed-use property with flexible space and recent upgrades.

    Type:Mixed Use, Office
    Property size:
    2,400 SF
    Price / SF:
    $218/SF
    Added:
    Feb 12, 2025
    Days on Market:
    437
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 100 Prospect Place

    General Information

    Standard status
    Active
    Size
    2,400 SF
    Property subtype
    Mixed Use, Office

    Building Details

    Year Built
    2001

    We can help!

    Listing Contact
    Kalani Verdine

    Listing agent Kalani Verdine License #403217

    Listing office Norluxe

    Listing date Feb 12, 2025

    Source Crexi

    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

    Overview

    Spacious Mixed-Use Property Available

    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.
    Location Intelligence

    Current Use by Public Records

    Leger Physical Therapy ... Medical Clinic Nextgen Pest Solutions Garden Center Aaron Pargman Physician Dr. Leger Pediatrician New Atlanta (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alpharetta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.2278119
    Latitude
    34.0599082

    Nearby Similar for Sale

    • $525,000
      2,400 SF

      Alpharetta Office Condo For Sale

      2,400 SF office condo with income potential.
      100 Prospect Place, Alpharetta, GA 30005
      View Details
    • $395,000
      1,210 SF

      Professional Office Space in Alpharetta

      Turnkey office suite in a thriving Alpharetta business community.
      11795 Northfall Lane, Alpharetta, GA 30009
      View Details
    • $5,950,000
      21,000 SF

      Alpharetta Commercial Building on Corner

      21,000 sq ft building on almost 3 acres.
      5000 Mcginnis Ferry Road, Alpharetta, GA 30005
      View Details
    • $5,950,000
      21,000 SF

      Versatile Commercial Building Near Halcyon

      21,000 SF building on 2.66 acres near Halcyon.
      5000 Mcginnis Ferry Road, Alpharetta, GA 30005
      View Details
    • $475,000

      Profitable Office Condo in Alpharetta

      Move-in ready office condo in a fantastic Alpharetta location.
      11535 Park Woods Circle, Alpharetta, GA 30005
      View Details
    • $9,500,000

      Alpharetta Assisted Living Facility

      Three-story assisted living facility in Alpharetta, Georgia, for sale.
      5690 State Bridge Road, Alpharetta, GA 30022
      View Details
    • $9,500,000
      44,716 SF

      Alpharetta Assisted Living Facility

      Three-story, 59-unit assisted living facility in Alpharetta, Georgia.
      5690 State Bridge Road, Alpharetta, GA 30022
      View Details
    • $1,249,000
      2,503 SF

      Remodeled Farmhouse on Picturesque Acres

      Remodeled 3-bedroom farmhouse on 3 acres, suitable for equestrian.
      15585 Thompson Road, Alpharetta, GA 30004
      View Details
    • $659,900

      Alpharetta Investment Opportunity

      Turnkey investment property with immediate cash flow and stable tenant.
      1250 Rosewood Drive, Alpharetta, GA 30005
      View Details
    • $545,000

      Versatile Alpharetta Warehouse Condo

      Premium end-unit warehouse condo perfect for work and play.
      5725 Stables Way, Alpharetta, GA 30004
      View Details
    • $2,500,000
      7,275 SF

      Alpharetta Commercial Building For Sale

      Well-maintained commercial building in Alpharetta, suitable for medical or office use.
      8480 Holcomb Bridge Road, Alpharetta, GA 30022
      View Details
    • $1,900,000
      7,080 SF

      Alpharetta Retail Property For Sale

      Multi-tenant property in affluent area with strong tenant commitment.
      5655 Atlanta Hwy , Alpharetta , GA 30004
      View Details

    FAQs

    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.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kalani Verdine
    Real Estate License ID: 403217
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!