Office Condo with Five
For Sale
$425,000
11535 Park Woods Circle #E, Alpharetta, GA 30005
Move-in ready office condominium with flexible room configuration, a reception area, break space, and parking.
Property Size1,140 SF
Price / SF$372.81
Days on Market53
Property Features for 11535 Park Woods Circle #E
General Information
Standard status
Active
Size
1,140 SF
Property subtype
Commercial
Building Details
Year Built
2002
Listing Agency:
LLC.
(888) 959-9461
Listed By:
Brian Olivard · License #355690
(404) 909-4061
Source:
Realtallrealestate
Added: Sep 7
Changed: Oct 28
Last Checked: Oct 28 at 8:05AM
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 LLC.
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Investment Insights
Based on property information with market context.
This office condominium is arranged with five private offices, a lobby that could serve as an additional office, and a break area. The property is currently used as a lab, and possession is available. The existing lab business and machinery may be purchased separately from the real estate.
The property is located at 11535 Park Woods Circle, Suite E, in Alpharetta, Georgia. It is near Exit 10 at Old Milton Parkway, close to Avalon, and within a business district. The office configuration offers a combination of private rooms and shared areas for an owner-user or business operation.
The property is located at 11535 Park Woods Circle, Suite E, in Alpharetta, Georgia. It is near Exit 10 at Old Milton Parkway, close to Avalon, and within a business district. The office configuration offers a combination of private rooms and shared areas for an owner-user or business operation.
Key Highlights
- Five offices plus a lobby that can function as a sixth office
- Currently configured for lab use
- Break area included in the office layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,266
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,320
$305.3K
Cap Rate 7%
$218,086
$218.1K
Cap Rate 9%
$169,622
$169.6K
Market Conditions
NOI Build-Up for 1,140 SF
Gross rent
$27.2K $23.87/SF
− Vacancy
−$6.9K −$6.02/SF
EGI
$20.4K $17.85/SF
− OpEx
−$5.1K −$4.46/SF
NOI
$15.3K $13.39/SF
Area
Fulton County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,320
Cap Rate 7%
$218,086
Cap Rate 9%
$169,622
Alternative Uses
Best Use
Office B
$218.1K
$190.8K – $254.4K
NOI $15,266 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$318.7K
$278.8K – $371.8K
NOI $22,307 @ 7.0% cap · market cap 5.25%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
773
Businesses Nearby
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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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Move-in ready office condominium with flexible room configuration, a reception area, break space, and parking.
Where is this office unit located?
The property is located at 11535 Park Woods Circle #E Alpharetta, GA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Five offices plus a lobby that can function as a sixth office; Currently configured for lab use; Break area included in the office layout
