Multi-Office Office
For Sale
$449,000
11535 Park Woods Cir E, Alpharetta, GA 30005
Configured with private offices, a lobby, break area, and parking for office operations.
Property Size1,140 SF
Price / SF$393.86
Days on Market88
Property Features for 11535 Park Woods Cir E
General Information
Standard status
Active
Size
1,140 SF
Additional Details
Office Units
1
Building Details
Year Built
2002
Owner Occupied
Yes
Listing Agency:
Virtual Properties Realty.com
Listed By:
Muhammad Junaid · License #375835
(404) 259-9211
Source:
Galehomepartners
Added: Jul 20
Changed: Oct 13
Last Checked: Oct 12 at 11:46PM
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 Virtual Properties Realty.com
Investment Insights
Based on property information with market context.
This 1,140-square-foot office condo was built in 2002 and is arranged for professional office use. The interior includes five offices, a lobby that can function as a sixth office, and a break area. The property is currently used as a lab, providing an existing layout for an office or laboratory-related operation.
The property is located at 11535 Park Woods Cir E in Alpharetta, near Exit 10 at Old Milton Parkway. It is close to Avalon and situated within a business district. The related business is also available with the real estate, while the labs and machine may be purchased separately.
The property is located at 11535 Park Woods Cir E in Alpharetta, near Exit 10 at Old Milton Parkway. It is close to Avalon and situated within a business district. The related business is also available with the real estate, while the labs and machine may be purchased separately.
Key Highlights
- 1,140‑square‑foot office condo built in 2002
- Five offices plus lobby that can serve as a sixth office
- Break area included in the existing layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,529
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$330,580
$330.6K
Cap Rate 7%
$236,129
$236.1K
Cap Rate 9%
$183,656
$183.7K
Market Conditions
NOI Build-Up for 1,140 SF
Gross rent
$30.8K $27.00/SF
− Vacancy
−$3.2K −$2.84/SF
EGI
$27.5K $24.17/SF
− OpEx
−$11.0K −$9.67/SF
NOI
$16.5K $14.50/SF
Area
Fulton County, GA
Vacancy
10.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$330,580
Cap Rate 7%
$236,129
Cap Rate 9%
$183,656
Alternative Uses
Best Use
Healthcare Medical
$236.1K
$206.6K – $275.5K
NOI $16,529 @ 7.0% cap · market cap 3.68%
Second Best
Office B
$218.1K
$190.8K – $254.4K
NOI $15,266 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$318.7K
$278.8K – $371.8K
NOI $22,307 @ 7.0% cap · market cap 4.97%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
773
Businesses Nearby
Explore this area
Business Placement
Demographics for 30005, GA
39,308
Population
14,879
Households
2.6
Avg Household Size
38
Median Age
76%
College-Educated
99%
High-School Grad
15.8 sq mi
ZIP Area
2,488
Density / Sq Mi
$170,951
Median Household Income
$82,686
Median Earnings
$1,929
Median Rent
$587,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Configured with private offices, a lobby, break area, and parking for office operations.
Where is this office units located?
The property is located at 11535 Park Woods Cir E Alpharetta, GA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 1,140‑square‑foot office condo built in 2002; Five offices plus lobby that can serve as a sixth office; Break area included in the existing layout
