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    Alpharetta Land with Established Pasture Title is generated by Realmo AI

    17230 Birmingham Highway, Alpharetta, GA 30004

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    Claim this Listing
    For Sale
    $2,033,875

    16.271-acre tract ideal for estate or equestrian property.

    Type:Land or Vacant Lot
    Lot size:
    16.27 Acres
    Added:
    Jan 15, 2026
    Days on Market:
    142
    Last Refresh:
    Apr 5 at 9:33 pm

    Property Features for 17230 Birmingham Highway

    General Information

    Standard status
    Active
    Lot size
    16.27 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    TODD KROUPA
    TODD KROUPA

    Listing agent TODD KROUPA License #384588

    Listing office BERKSHIRE HATHAWAY HOMESERVICES GEORGIA PROPERTIES

    Listing date Jan 15, 2026

    Source Corcoran

    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 BERKSHIRE HATHAWAY HOMESERVICES GEORGIA PROPERTIES

    HighLights

    • Large 16.271‑acre tract offering privacy and natural beauty.
    • Located in Cherokee County with access to highly‑rated schools.
    • Gently rolling topography with established pasture, suitable for an estate home or equestrian property.
    • Conveniently located just three minutes to Publix, restaurants, and other amenities in Milton.
    • Quiet creek meanders along the property line.
    • Only 15–20 minutes to downtown Alpharetta, Milton Crabapple district, Halcyon, and GA‑400.

    Overview

    This 16.271-acre tract is located along Birmingham Highway in Alpharetta. The property, while having an Alpharetta address, is situated within Cherokee County. The land features gently rolling topography with expanses of established pasture and pockets of mature hardwoods. A creek meanders along the property line. The location is near Publix in Milton, Seven Acre Barn Grill, and Scottsdale Farms Café, and is a short drive to downtown Alpharetta, the Milton Crabapple district, Halcyon, and GA-400. A recorded survey is available, outlining the boundaries and division of the parcel from a larger tract. Parcel #02N10121 is the original larger tract from which this property has been subdivided. The property is suited for a future estate home or equestrian property.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Real Estate Agency Auto Repair Shop Gym & Fitness Center Hotel & Motel Bed & Breakfast Adult Day Care

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

    Location Insight

    • Map
    • Local Demand
    City
    Alpharetta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.3158
    Latitude
    34.1893

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    FAQs

    What type of property is this?
    Agricultural land / Farmland - 16.271-acre tract ideal for estate or equestrian property.
    Where is this agricultural land / farmland located?
    The property is located at 17230 Birmingham Highway Alpharetta, GA.
    What is the asking price?
    The asking price for this property is $2,033,875.
    What are key features of this property?
    This property features: Large 16.271‑acre tract offering privacy and natural beauty.; Located in Cherokee County with access to highly‑rated schools.; Gently rolling topography with established pasture, suitable for an estate home or equestrian property.
    (770) 475-0505
    We can help!
    Listing Contact
    TODD KROUPA
    TODD KROUPA
    Real Estate License ID: 384588
    Learn More
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    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.

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