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

    231 Traditions Dr Alpharetta, GA 30004

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1.44-acre homesite with golf course and lake views.

    Property Features for 231 Traditions Dr

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Jimmy Payne
    Source: Corcoran

    Listing Agent: Jimmy Payne

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Alpharetta Golf Course Homesite Opportunity

    Located in Alpharetta, this 1.44-acre homesite is situated within the Echelon Golf Club, a semi-private golf course community. The property offers the opportunity to design and build a custom home with views of the scenic hole 3 and the lake. Mature hardwoods and natural beauty surround the homesite, which is suitable for a basement home. The location provides access to upscale amenities, top-rated schools, and the lifestyle of North Georgia. Echelon Golf Club is located minutes from Milton.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Building Supply Big Box & Wholesale Store Hotel & Motel Department Store Discount Store Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Alpharetta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.2933664
    Latitude
    34.194713

    Nearby Similar for Sale

    • $399,000
      Pending

      Downtown Alpharetta Office Condo

      Modern 1,134 SF office condo in downtown Alpharetta.
      1100 Powers Pl, Alpharetta, GA 30009
      View Details
    • New
      $563,000
      1,815 SF

      Versatile Alpharetta Warehouse Condo

      Premium end-unit warehouse condo perfect for work and play.
      5725 Stables Way, Alpharetta, GA 30004
      View Details
    • $550,000
      Pending

      Alpharetta Office/Warehouse Space Available

      Versatile 2,400 SF office/warehouse in Alpharetta, GA for sale.
      6535 Shiloh Rd, Alpharetta, GA 30005
      View Details
    • $599,900
      0.27 Acres

      Alpharetta Duplex: Investment Opportunity

      Well-maintained duplex in Alpharetta with tenants in place.
      1331 N Hampton Rd, 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 Rd, Alpharetta, GA 30005
      View Details
    • $5,950,000
      21,000 SF

      Alpharetta Commercial Building For Sale

      21,000 sq ft building on almost 3 acres corner lot.
      5000 Mcginnis Ferry Rd, Alpharetta, GA 30005
      View Details
    • $9,500,000
      44,716 SF

      Alpharetta Assisted Living Facility

      Turnkey assisted living facility in a prime Alpharetta location.
      5690 State Bridge Rd, Alpharetta, GA 30022
      View Details
    • $9,500,000
      46,500 SF

      Alpharetta Assisted Living Facility

      Three-story, 59-unit assisted living facility in Alpharetta, Georgia.
      5690 State Bridge Rd, Alpharetta, GA 30022
      View Details
    • New
      $339,999
      Pending

      Townhome Near Avalon and Downtown

      Luxury townhome near Avalon and Downtown Alpharetta with investment potential.
      2914 Webb Bridge Rd, Alpharetta, GA 30009
      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 Rd, Alpharetta, GA 30022
      View Details
    • $339,999
      0.03 Acres

      Townhome Near Avalon and Downtown

      2BR/2.5BA townhome near Avalon and Downtown Alpharetta.
      2914 Webb Bridge Rd, Alpharetta, GA 30009
      View Details
    • $569,000
      0.30 Acres

      Alpharetta Duplex: Investment Opportunity

      Duplex in Alpharetta with long-term tenants and fenced yards.
      1081 Dassow Ct, Alpharetta, GA 30009
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.44-acre homesite with golf course and lake views.
    Where is this residential land & home lot located?
    The property is located at 231 Traditions Dr Alpharetta, GA.
    What are key features of this property?
    This property features: - Prime 1.44-acre lot in exclusive Golf Course community (Echelon Golf Club) with lower property taxes.; - Breathtaking views of scenic hole 3 and the Lake.; - Ideal for a basement home with ample privacy surrounded by mature hardwoods.
    Request Owner's contact information
    231 Traditions Dr Alpharetta, GA 30004
    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.
    231 Traditions Dr
    Alpharetta, GA 30004
    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
    231 Traditions Dr Alpharetta, GA 30004
    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

    We can help!
    Listing Contact
    Jimmy Payne
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!