Industrial Flex Space with
For Sale
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1073 Nine North Dr, Alpharetta, GA 30004
M1-restricted industrial property with warehouse capacity, customizable office area, and access to GA 400.
Property Size10,350 SF
Lot Size1.71 Acres
Price / SF$214.98
Days on Market57
Property Features for 1073 Nine North Dr
General Information
Standard status
Active
Size
10,350 SF
Class
B
Total Parking Spaces
12
Lot size
1.71 Acres
Property subtype
Industrial
Zoning
M1
Warehouse & Industrial
Office Build-Out
1,950 SF
Dock-High Doors
1
Drive-In Doors
1
Additional Details
Highway Access
Yes
Building Details
Year Built
2002
Buildings
1
Building Size
10,350 SF
Listing Agency:
The Norton Agency Gainesville
Listed By:
CJ Harman · License #GA 418299
(706) 594-2456
Source:
Crexi
Added: Jul 29
Changed: Sep 22
Last Checked: Sep 22 at 6:08PM
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 The Norton Agency Gainesville
Investment Insights
Based on property information with market context.
This 10,350-square-foot flex property combines warehouse functionality with approximately 1,950 square feet allocated to office buildout. Clear heights range from 16 feet at the eaves to 28 feet at the center, while one dock-high door and one roll-up door support loading and receiving. Constructed in 2002, the building sits on approximately 1.71 acres and carries M1 restricted-industrial zoning.
The property is located at 1073 Nine North Drive in Alpharetta’s Nine North corridor, approximately 2 miles from GA 400 at Exit 12/McFarland Parkway. Downtown Alpharetta is approximately 8 miles away, Cumming is 11 miles away, and downtown Atlanta is 32 miles away. Potential warehouse, distribution, service, and light-industrial applications are subject to county approval.
The property is located at 1073 Nine North Drive in Alpharetta’s Nine North corridor, approximately 2 miles from GA 400 at Exit 12/McFarland Parkway. Downtown Alpharetta is approximately 8 miles away, Cumming is 11 miles away, and downtown Atlanta is 32 miles away. Potential warehouse, distribution, service, and light-industrial applications are subject to county approval.
Key Highlights
- 10,350‑square‑foot flex building on approximately 1.71 acres
- Warehouse clear heights from 16 feet at the eaves to 28 feet at the center
- One dock‑high door and one roll‑up door
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
$75,978
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
3.41%
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%
$1,519,560
$1.5M
Cap Rate 7%
$1,085,400
$1.1M
Cap Rate 9%
$844,200
$844.2K
Market Conditions
NOI Build-Up for 10,350 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
$98.1K $9.48/SF
− Vacancy
−$8.7K −$0.84/SF
EGI
$89.4K $8.64/SF
− OpEx
−$13.4K −$1.30/SF
NOI
$76.0K $7.34/SF
Area
Fulton County, GA
Vacancy
8.90%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
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%
$1,519,560
Cap Rate 7%
$1,085,400
Cap Rate 9%
$844,200
Alternative Uses
Best Use
Warehouse
$1.09M
$949.7K – $1.27M
NOI $75,978 @ 7.0% cap · market cap 3.41%
Second Best
Industrial
$900.7K
$788.1K – $1.05M
NOI $63,051 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$2.89M
$2.53M – $3.38M
NOI $202,525 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Dock-high doors
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
559
Businesses Nearby
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - M1-restricted industrial property with warehouse capacity, customizable office area, and access to GA 400.
Where is this flex space located?
The property is located at 1073 Nine North Dr Alpharetta, GA.
What is the asking price?
The asking price for this property is $2,225,000.
What are key features of this property?
This property features: 10,350‑square‑foot flex building on approximately 1.71 acres; Warehouse clear heights from 16 feet at the eaves to 28 feet at the center; One dock‑high door and one roll‑up door
