Move-In-Ready End Unit
1815 Lockeway Dr. Unit 101 Alpharetta, GA 30004
New
For Sale
$370,000
End unit office in Grasslands Office Condominium with multiple offices, conference and break room, and renovated finishes.
Property Size1,477 SF
Price / SF$250.51
Days on Market2
Property Features for 1815 Lockeway Dr. Unit 101
General Information
- Standard status
- Active
- Size
- 1,477 SF
- Property subtype
- Multi Tenant Office
Building Details
- Year Built
- 2003
Listing Agency:
KW Commercial Greater Atlanta
(678) 858-4582
Listed By:
JB Bader
(678) 858-4582
Source:
Thebrokerlist
Added: Jul 23
Changed: Jul 24
Last Checked: Jul 24 at 4:39AM
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 KW Commercial Greater Atlanta
Investment Insights
Based on property information with market context.
This move-in-ready end unit office space is located within the Grasslands Office Condominium complex. The building was constructed in 2003 and includes 6 units. Unit 101 features 4 offices with windows, along with a conference room and break room. The space has been fully renovated and offers upgraded finishes.
The property has main road visibility and is described as having easy access about 3 miles west of GA 400 at Exit 12 (McFarland Road). The surrounding area is noted for corporate headquarters, technology innovation centers, and upscale residential neighborhoods.
Overall, the configuration supports a traditional office layout with private offices plus shared meeting and break space, and the end-unit positioning provides additional windowed office rooms.
The property has main road visibility and is described as having easy access about 3 miles west of GA 400 at Exit 12 (McFarland Road). The surrounding area is noted for corporate headquarters, technology innovation centers, and upscale residential neighborhoods.
Overall, the configuration supports a traditional office layout with private offices plus shared meeting and break space, and the end-unit positioning provides additional windowed office rooms.
Key Highlights
- 1,477 SF office building built in 2003
- End unit with 6 units in the Grasslands Office Condominium complex
- End unit includes 4 offices with windows plus a conference room and break room
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.3k | $23.87 |
| − Vacancy | −$8.9k | −$6.02 |
| EGI | $26.4k | $17.85 |
| − OpEx | −$6.6k | −$4.46 |
| NOI | $19.8k | $13.39 |
1,477 SF · lease $23.87/SF/yr · vacancy 25.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$282.6K
$247.2K – $329.7K
NOI $19,779 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$412.9K
$361.3K – $481.7K
NOI $28,901 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Trevor Millsaps: Allstate ...
Insurance Agency
Bettis Law Group, ...
Law Firm
Elder Law Update
Law Firm
Integrated Storage Solutions
Industrial Manufacturer
IDEAS Portfolio Management
Financial Advisor
FAQs
What type of property is this?
Office units - End unit office in Grasslands Office Condominium with multiple offices, conference and break room, and renovated finishes.
Where is this office units located?
The property is located at 1815 Lockeway Dr. Unit 101 Alpharetta, GA.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: 1,477 SF office building built in 2003; End unit with 6 units in the Grasslands Office Condominium complex; End unit includes 4 offices with windows plus a conference room and break room
