Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2375 Mansell Rd Alpharetta, GA 30022

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $14,500 /Mo

    Freestanding 6062 SF restaurant with ample parking on 2 acres.

    Lot size:
    1.77 Acres

    Property Features for 2375 Mansell Rd

    General Information

    Standard status
    Active
    Lot size
    1.77 Acres

    We can help!

    Listing Contact
    ERDAL AKBAS
    Source: Exprealty

    Listing Agency: Chapman Hall Realtors Listing Agent: ERDAL AKBAS

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

    Learn more

    Overview

    Restaurant Building on High-Traffic Corner

    This is a 6062 square foot, second-generation, free-standing restaurant building situated on a 2-acre lot. The property features a functional layout, high ceilings, and ample parking. Located on the corner of Mansell Road and North Point Parkway, it offers excellent visibility in the Alpharetta and Roswell border area. The location benefits from strong demographics, with an average household income exceeding $196,000 per year. The cities of Alpharetta and Roswell have a combined population of approximately 200,000, contributing to a favorable business environment due to the area's affluent demographics, robust local economy, and convenient accessibility. The building's layout and height make it suitable for various business types.
    Location Intelligence

    Current Use by Public Records

    VERZACHI BAR ATL Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    All About Cats

    Location Insight

    • Map
    • Local Demand
    City
    Alpharetta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.3044098
    Latitude
    34.0370596

    Nearby Similar for Lease

    • $2,500 /Mo
      1,141 SF

      Alpharetta Office Space For Rent

      Office space in Alpharetta, close to Avalon and GA400.
      3584 Old Milton Pkwy, Alpharetta, GA 30005
      View Details
    • $2,500 /Mo
      1,211 SF

      Office Space in Alpharetta, GA

      Professional office space for lease in Alpharetta, Georgia.
      11795 Northfall Ln, Alpharetta, GA 30009
      View Details
    • $70,000
      83,635 SF

      Alpharetta Assisted Living Facility For Rent

      Turnkey assisted living facility in desirable Johns Creek/Alpharetta area.
      5690 State Bridge Rd, Alpharetta, GA 30022
      View Details
    • $14,500 /Mo
      77,101 SF

      Restaurant Building on High-Traffic Corner

      Freestanding 6062 SF restaurant on 1.77 acres in Alpharetta.
      2375 Mansell Rd, Alpharetta, GA 30022
      View Details
    • $3,150 /Mo
      1,625 SF

      Alpharetta Office Space For Rent

      Office space in Alpharetta with frontage to North Point Parkway.
      5755 North Point Pkwy, Alpharetta, GA 30022
      View Details
    • New
      $14,500 /Mo
      77,101 SF

      Restaurant with Bar and Patio

      Freestanding restaurant with bar, patio, and ample parking.
      2375 Mansell Rd, Alpharetta, GA 30022
      View Details
    • Contact for pricing

      Roswell Shopping Center Retail Opportunity

      106,143 SF shopping center with high traffic volume.
      2880 Holcomb Bridge Rd, Alpharetta, GA 30022
      View Details
    • $5,500 /Mo

      Luxury Townhome Near Avalon

      Handcrafted townhome with modern finishes near downtown Alpharetta.
      355 Chiswick Cir, Alpharetta, GA 30009
      View Details
    • $14 SF/Yr
      3,800 SF

      Alpharetta Industrial Space Available

      Industrial property in Alpharetta with drive-in door and three-phase power.
      1370 Union Hill Industrial Ct, Alpharetta, GA 30004
      View Details
    • $1,765 /Mo

      Luxury Apartments in Roswell, Georgia

      Premium apartments with luxury amenities in a convenient location.
      2600 Holcomb Bridge Rd, Alpharetta, GA 30022
      View Details
    • $28 SF/Yr
      152,586 SF

      Class A Office Sublease Available

      Move-in ready office space near GA-400 and Avalon.
      2300 Lakeview Pkwy, Alpharetta, GA 30009
      View Details
    • $3,000 /Mo
      2,400 SF

      Spacious Townhome in Prime Location

      4BR townhome near GA-400, shopping, dining, and top-rated schools.
      2417 Tenor Ln, Alpharetta, GA 30009
      View Details

    FAQs

    What type of property is this?
    Restaurant - Freestanding 6062 SF restaurant with ample parking on 2 acres.
    Where is this restaurant located?
    The property is located at 2375 Mansell Rd Alpharetta, GA.
    What are key features of this property?
    This property features: - Excellent visibility at the corner of Mansell Rd and North Point Parkway.; - High-income demographics with over $196,000 average household income.; - Large 6062 sqft free-standing restaurant building.
    (678) 438-2532
    Request Owner's contact information
    2375 Mansell Rd Alpharetta, GA 30022
    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.
    2375 Mansell Rd
    Alpharetta, GA 30022
    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
    2375 Mansell Rd Alpharetta, GA 30022
    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
    ERDAL AKBAS
    (678) 438-2532
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.