Updated Office Condo with Reception
120 Prospect Place, Alpharetta, GA 30005
For Sale
Contact for pricing
Individual office space with shared kitchenette, storage, ADA restroom, reception area, and included utilities.
Property Size2,001 SF
Price / SF$0.64
Days on Market58
Property Features for 120 Prospect Place
General Information
Standard status
Size
Property subtype
Amenities
kitchenette
storage
ADA bathroom
reception area
0.027 acres, Business Park
Composition
Public Sewer
Parcel Number: 11 035001571911
Carpet, Hardwood
Central Air
Central
Listing ID: 10849543, Standard Status: Active, MLS Status: Active, On market as of 2026-09-18, 55 days on market
10 total parking spaces, Parking Lot
Built in 2001, Construction Materials: Brick
County/Parish: Fulton
Resale
Electricity Available, High Speed Internet, Sewer Available, Water Available, Water Source: Public, 220 Volts
Water Body Name: NONE
Fire Sprinkler System
Accessible Entrance
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Ansley RE|Christie's Int'l RE
(770) 284-9900
Listed By:
Kathy Whitehouse · License GA #256246
(404) 667-5557
Source:
Blackstreaminternational
Added: Sep 18
Changed: Nov 12
Last Checked: Nov 12 at 7:27AM
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 Ansley RE|Christie's Int'l RE
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Investment Insights
Based on property information with market context.
This updated office condo at Georgetown Business Park provides individual office space within a shared professional setting. The 1,176-square-foot property includes a kitchenette, storage area, ADA bathroom, and furnished reception space. Built in 2001, the office offers a practical layout for professional services, including health and wellness use.
The building occupies the front of the business park with visibility from the street and ample parking. The property is located at 120 Prospect Place in Alpharetta, near the intersection of Kimball Bridge Road and State Bridge Road. Shared operating services include trash, water, sewer, exterior maintenance, electricity, internet, and security.
The building occupies the front of the business park with visibility from the street and ample parking. The property is located at 120 Prospect Place in Alpharetta, near the intersection of Kimball Bridge Road and State Bridge Road. Shared operating services include trash, water, sewer, exterior maintenance, electricity, internet, and security.
Key Highlights
- 1,176‑square‑foot office condo at Georgetown Business Park
- Shared kitchenette, storage, ADA bathroom, and reception area
- Utilities include electricity, internet, water, sewer, trash, security, and exterior maintenance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,748
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,960
$315.0K
Cap Rate 7%
$224,971
$225.0K
Cap Rate 9%
$174,978
$175.0K
Market Conditions
NOI Build-Up for 1,176 SF
Gross rent
$28.1K $23.87/SF
− Vacancy
−$7.1K −$6.02/SF
EGI
$21.0K $17.85/SF
− OpEx
−$5.2K −$4.46/SF
NOI
$15.7K $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%
$314,960
Cap Rate 7%
$224,971
Cap Rate 9%
$174,978
Alternative Uses
Best Use
Office B
$225.0K
$196.9K – $262.5K
NOI $15,748 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$328.7K
$287.7K – $383.5K
NOI $23,012 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
766
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
$587,400
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Alpharetta, GA
Properties on Market for Office Units in Alpharetta
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Individual office space with shared kitchenette, storage, ADA restroom, reception area, and included utilities.
Where is this office unit located?
The property is located at 120 Prospect Place Alpharetta, GA.
What are key features of this property?
This property features: 1,176‑square‑foot office condo at Georgetown Business Park; Shared kitchenette, storage, ADA bathroom, and reception area; Utilities include electricity, internet, water, sewer, trash, security, and exterior maintenance
