Building Details

Year Built 2003

Listing Agency: ARB Realty, LLC.

Listed By: JAWAID NAEEM · License #250738 Show Phone

Source: Brockteam

Added: Apr 2 Changed: Oct 7 Last Checked: Oct 7 at 1:44PM

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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 ARB Realty, LLC.

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Investment Insights

Based on property information with market context.

Suite #603 is a professionally designed office space with a versatile layout that includes private offices, dedicated meeting areas, and a welcoming reception area for client-facing work. The property is vacant and presented as a ready-to-use option for an owner-occupant or business buyer.

The suite is located at 11795 Northfall Lane in Alpharetta, providing convenient access for staff and clients in a commercial area.

Association dues are $250 per month and cover water, trash, and exterior maintenance, helping simplify ongoing operating expenses.

Key Highlights

• Office suite in Alpharetta at 11795 Northfall Lane, Unit #603
• Year built 2003
• Suite layout includes private offices, dedicated meeting areas, and a reception area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,203

Cap Rate

4.28%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$324,060 $324.1K

Cap Rate 7%

$231,471 $231.5K

Cap Rate 9%

$180,033 $180.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,210 SF

Gross rent

$28.9K $23.87/SF

− Vacancy

−$7.3K −$6.02/SF

EGI

$21.6K $17.85/SF

− OpEx

−$5.4K −$4.46/SF

NOI

$16.2K $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%

$324,060

Cap Rate 7%

$231,471

Cap Rate 9%

$180,033

Alternative Uses

Best Use

Office B

$231.5K

$202.5K – $270.1K (±1% cap)

NOI $16,203 @ 7.0% cap · market cap 4.28%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$338.2K

$296.0K – $394.6K (±1% cap)

NOI $23,677 @ 7.0% cap · market cap 6.25%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Karen K. Savrin, ... Foster Care Service Mrs. Catherine Meltzer Foster Care Service Trident Counseling Services Counselor North Atlanta Nephrology Medical Clinic Family Consultation Services, ... Family Counselor

Suggested Use

Top Pick Electrical Service Grocery & Convenience Store Food Market Plumbing Service (Bike/Boat/Book/etc) Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,561

Businesses Nearby

Explore this area Business Placement

Demographics for 30009, GA

19,256

Population

9,168

Households

2.1

Avg Household Size

42

Median Age

68%

College-Educated

97%

High-School Grad

9.1 sq mi

ZIP Area

2,116

Density / Sq Mi

$135,819

Median Household Income

$75,211

Median Earnings

$2,030

Median Rent

$611,800

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office unit - Vacant office suite with private offices, meeting areas, and a reception area, plus water and trash included in HOA.

Where is this office unit located?

The property is located at 11795 Northfall Ln Unit 603 Alpharetta, GA.

What is the asking price?

The asking price for this property is $379,000.

What are key features of this property?

This property features: Office suite in Alpharetta at 11795 Northfall Lane, Unit #603; Year built 2003; Suite layout includes private offices, dedicated meeting areas, and a reception area