Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Office Space in Prime Location Title is generated by Realmo AI

    3542 Old Milton Parkway, Alpharetta, GA 30005

    View on Map
    Claim this Listing
    For Lease
    $1,600 /Mo

    Bright, open office space in Alpharetta near GA-400.

    Type:Rental
    Lot size:
    0.03 Acres
    Added:
    Jan 24, 2025
    Days on Market:
    492
    Last Refresh:
    May 19 at 10:22 pm

    Property Features for 3542 Old Milton Parkway

    General Information

    Standard status
    Active
    Lot size
    0.03 Acres
    Property subtype
    Rental

    Building Details

    Year Built
    2000

    We can help!

    Listing Contact
    Enrique Alatrista

    Listing agent Enrique Alatrista License #205430

    Listing office Chattahoochee North, LLC

    Listing date Jan 24, 2025

    Source Exitrealty

    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 Chattahoochee North, LLC

    HighLights

    • Prime location in Alpharetta with convenient access to GA‑400, Downtown Alpharetta, and Avalon Mall.
    • Bright and open office space.
    • Great layout for small office user.
    • Includes reception area, offices, and bathroom area.
    • Plenty of parking spaces.
    • Office condo built in 2000.

    Overview

    This office space is available for lease in a prime Alpharetta location. The office condo is conveniently located near GA-400, downtown Alpharetta, and Avalon Mall. The bright and open office space features a reception area, offices, and a bathroom area. The layout is suitable for a small office user. There are plenty of parking spaces available. The space is suitable for all kinds of office uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Klotz Kathleen MD Physician Sands Weight Loss ... Weight Loss Service Diamond House USA General Contractor Star Chain Inc Corporate Office

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Alpharetta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.2558851
    Latitude
    34.0671868

    Nearby Similar for Lease

    • $4,789/Mo
      4,180 SF

      Functional Flex Space in Alpharetta

      Versatile flex/industrial space with office and warehouse areas.
      5910 Shiloh Road, Alpharetta, GA 30005
      View Details
    • $1,500/Mo
      2,400 SF

      Move-in Ready Commercial Space

      Versatile space ideal for office, medical, or creative use.
      100 Prospect Place, Alpharetta, GA 30005
      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
    • $2,250/Mo

      Alpharetta Office Space For Rent

      Office space in McFarland Business Park with easy highway access.
      6110 McFarland Drive, Alpharetta, GA 30004
      View Details
    • $2,250/Mo

      Office Space in McFarland Park

      Office space for rent with easy highway access.
      6110 McFarland Drive, Alpharetta, GA 30004
      View Details
    • $129-$7,546/Mo
      11-1,292 SF

      Spaces The Avalon Center

      8000 Avalon Blvd, Alpharetta, GA 30009
      View Details
    • $129-$3,016/Mo
      11-1,292 SF

      2300 Lakeview

      2300 Lakeview Pkwy, Unit 700, Alpharetta, GA 30009
      View Details
    • $129-$3,075/Mo
      11-1,292 SF

      North Point

      555 Point Ctr, Unit 4TH, Alpharetta, GA 30022
      View Details
    • $129-$2,829/Mo
      11-1,292 SF

      Northwinds

      2475 Northwinds Pkwy, Unit 200, Alpharetta, GA 30009
      View Details
    • Sponsored
      $129-$3,006/Mo
      11-1,292 SF

      Mansell

      4555 Mansell Rd, Unit 300, Alpharetta, GA 30022
      View Details
    • $23 SF/Yr
      6,952 SF

      Alpharetta Office/Medical Space for Lease

      Office/Medical building with covered parking and greenway access.
      3005 Royal Blvd. South, Alpharetta, GA 30022
      View Details
    • $1,450/Mo

      Versatile Office Space Near GA-400

      Adaptable office space suitable for classroom or medical practice.
      5445 McGinnis Village Place, Alpharetta, GA 30005
      View Details

    FAQs

    What type of property is this?
    Office units - Bright, open office space in Alpharetta near GA-400.
    Where is this office units located?
    The property is located at 3542 Old Milton Parkway Alpharetta, GA.
    What is the lease rate?
    The lease rate is $1,600 /Mo.
    What are key features of this property?
    This property features: Prime location in Alpharetta with convenient access to GA‑400, Downtown Alpharetta, and Avalon Mall.; Bright and open office space.; Great layout for small office user.
    (770) 873-9034
    We can help!
    Listing Contact
    Enrique Alatrista
    Real Estate License ID: 205430
    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

    Thank You for Inquiry
    3542 Old Milton Parkway, Alpharetta, GA 30005
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!