Add Listing
    For Lease
    • 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

    970 North Point Dr Alpharetta, GA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    36,105 SF shopping center in Alpharetta's North Point Parkway.

    Type:RETAIL
    Property size:
    1,307 SF
    Lot size:
    2.14 Acres
    Added:
    Dec 4, 2024
    Days on Market:
    508
    Last Refresh:
    Apr 5 at 9:43 pm

    Property Features for 970 North Point Dr

    General Information

    Standard status
    Active
    Size
    1,307 SF
    Lot size
    2.14 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 970 North Point Dr Contact us

    We can help!

    Listing Contact
    Anna Crist
    Anna Crist

    Listing agent Anna Crist

    Listing office Bridger Properties

    Listing date Dec 4, 2024

    Source Moodyscre

    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 Bridger Properties

    Overview

    Alpharetta Shopping Center Space Available

    This 36,105 square foot shopping center is situated in the heart of Alpharetta's North Point Parkway retail corridor. It is positioned at the intersection of Haynes Bridge Road and North Point Parkway, benefiting from high traffic volume. The location benefits from strong Alpharetta demographics, with over 81,000 residents within a 3-mile radius and an average household income exceeding $150,000. Ample surface parking is available, and the property offers convenient access via two lighted intersections. The available space is 1,307 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    MedPure Weight-Loss Weight Loss Service Salon Lofts Alpharetta Barber Shop Hairology Salon Barber Shop Kera Vie Salon Hair Salon KJ Beauty Lounge Hair Salon

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • North Point Marketcenter — 6200 North Point Pkwy, Alpharetta, GA 30022
    • Laser — 11175 cicero dr, alpharetta, ga 30022
    • Stone Walk At Northpoint — North Point Dr, Alpharetta, GA 30022
    • Sunglass Hut at Macy's — 5000 North Point Cir, Alpharetta, GA 30022
    • North Point Mall — 1000 North Point Cir, Alpharetta, GA 30022

    Location Insight

    • Map
    • Local Demand
    City
    Alpharetta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.2842
    Latitude
    34.05

    Nearby Similar for Lease

    • $7,000/Mo

      Alpharetta Flex Industrial Warehouse Space

      6,000 SF flex space in McFarland Industrial Park.
      8181 Industrial Place, Alpharetta, GA 30004
      View Details
    • $1,245/Mo

      Turnkey Office Condominium in Alpharetta

      Turnkey office condominium in Alpharetta/Johns Creek business corridor for lease.
      5460 Mcginnis Village Place, Alpharetta, GA 30005
      View Details
    • $1,500/Mo

      Move-in Ready Commercial Space

      Versatile space ideal for office, medical, or creative use.
      100 Prospect Place, Alpharetta, GA 30005
      View Details
    • $3,500/Mo

      Alpharetta Office Space For Rent

      Turnkey office suite in prime Alpharetta location near GA-400.
      12700 Century Drive, Alpharetta, GA 30009
      View Details
    • $2,300/Mo

      New Construction Warehouse Condo

      New construction warehouse condo with included utilities in Alpharetta, GA.
      3770 Francis Circle, Alpharetta, GA 30004
      View Details
    • $2,500/Mo

      Office Space in Alpharetta, GA

      Professional office space for lease in Alpharetta, Georgia.
      11795 Northfall Lane, Alpharetta, GA 30009
      View Details
    • $2,700/Mo

      Prime Alpharetta Office Space

      Office space near downtown Alpharetta, ready for customization.
      1105 Upper Hembree Road, Alpharetta, GA 30076
      View Details
    • $23 SF/Yr

      Alpharetta Office/Medical Space for Lease

      Office/Medical building with covered parking and greenway access.
      3005 Royal Blvd. South, Alpharetta, GA 30022
      View Details
    • $13 SF/Yr

      Office/Warehouse Space in Business Park

      Office and warehouse spaces available in Alpharetta business park.
      4040 Nine McFarland Drive, Alpharetta, GA 30004
      View Details
    • Contact for pricing

      Spaces The Avalon Center

      8000 Avalon Blvd, Alpharetta, GA 30009
      View Details
    • $28 SF/Yr

      Class A Office Space

      LEED certified office in mixed-use corporate campus for rent.
      30000 Millcreek Avenue, Alpharetta, Georgia 30022
      View Details
    • Contact for pricing

      2300 Lakeview

      2300 Lakeview Pkwy, Unit 700, Alpharetta, GA 30009
      View Details

    FAQs

    What type of property is this?
    Shopping center - 36,105 SF shopping center in Alpharetta's North Point Parkway.
    Where is this shopping center located?
    The property is located at 970 North Point Dr Alpharetta, GA.
    What are key features of this property?
    This property features: High‑traffic location at the intersection of Haynes Bridge Road and North Point Parkway; Located in Alpharetta's North Point Parkway retail corridor; Strong Alpharetta demographics: over 81,000 people within a 3‑mile radius and average household income over $150,000
    (404) 381-2220 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Anna Crist
    Anna Crist
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!