Office Condominium with Large
110 Prospect Pl Alpharetta, GA 30005
New
110 Prospect Pl, Alpharetta, GA, 30005
$499,000
For Sale
$499,000
Well-appointed office space at the entrance to George Towne Park, featuring an efficient layout, private offices, and large windows.
Property Size2,220 SF
Price / SF$224.77
Days on Market4
Property Features for 110 Prospect Pl
General Information
- Standard status
- Active
- Size
- 2,220 SF
- Property subtype
- Multi Tenant Office
Building Details
- Year Built
- 2001
Listing agency
KW Commercial Southern Equity Commercial
(404) 449-6275
Listed by
Mark Ellsworth
(404) 449-6275
Source
Thebrokerlist
Added: Jul 19 Updated: Jul 21 at 8:39PM Checked: Jul 21 at 8:39PM
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 KW Commercial Southern Equity Commercial
Investment Insights
Based on property information with market context.
110 Prospect Place is a well-appointed office condominium offering 2,220 square feet of dedicated office space within the George Towne Park community. The interior includes large windows for abundant natural light, with a flexible configuration that supports private offices as well as collaborative areas. The space is presented with an elegant lobby and a professionally maintained, well-kept façade, and it benefits from responsive building management.
Located at the entrance to the George Towne Park office condominium community, the property provides prominent visibility and convenient client access within an established office park setting. Ample parking is available throughout the office community, and the setting includes mature landscaping.
The layout and building presentation make the space well-suited for professional service users seeking a tenant-ready environment, with secure condominium ownership as the operating structure.
Located at the entrance to the George Towne Park office condominium community, the property provides prominent visibility and convenient client access within an established office park setting. Ample parking is available throughout the office community, and the setting includes mature landscaping.
The layout and building presentation make the space well-suited for professional service users seeking a tenant-ready environment, with secure condominium ownership as the operating structure.
Key Highlights
- 2,220 SF dedicated office space in the George Towne Park condominium community
- Located at the entrance to George Towne Park for strong street visibility and client access
- Well‑maintained professional facade and elegant lobby
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 | $53.0k | $23.87 |
| − Vacancy | −$13.4k | −$6.02 |
| EGI | $39.6k | $17.85 |
| − OpEx | −$9.9k | −$4.46 |
| NOI | $29.7k | $13.39 |
2,220 SF · lease $23.87/SF/yr · vacancy 25.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$424.7K
$371.6K – $495.5K
NOI $29,728 @ 7.0% cap · market cap 5.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$620.6K
$543.0K – $724.0K
NOI $43,440 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Formosa Acupuncture & Oriental ...
Medical Clinic
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Well-appointed office space at the entrance to George Towne Park, featuring an efficient layout, private offices, and large windows.
Where is this office units located?
The property is located at 110 Prospect Pl Alpharetta, GA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 2,220 SF dedicated office space in the George Towne Park condominium community; Located at the entrance to George Towne Park for strong street visibility and client access; Well‑maintained professional facade and elegant lobby
