Alpharetta Retail Investment
For Sale
Contact for pricing
Pending
4000 North Point Parkway, Alpharetta, GA 30022
High-visibility retail center in affluent, growing Alpharetta submarket.
Property Size24,000 SF
Days on Market109
Property Features for 4000 North Point Parkway
General Information
Standard status
Pending
Size
24,000 SF
Property subtype
Retail
Zoning
OI
Occupancy
100%
Lease Type
NNN
Investment Type
Value Add
Building Details
Year Built
2003
Tenancy
Multi
Listing Agency:
Skyline Seven Real Estate
(404) 812-8927
Listed By:
Elliott Kyle · License #GA 299687
Source:
Crexi
Added: May 15
Changed: Aug 8
Last Checked: Jul 24 at 12:29PM
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 Skyline Seven Real Estate
Investment Insights
Based on property information with market context.
Northpoint Day Centre presents a retail investment opportunity in Alpharetta, Georgia. The center encompasses approximately 24,000 square feet and is positioned at a signalized, high-traffic intersection. The property benefits from its proximity to destinations such as Avalon and North Point Mall, as well as high-income residential communities and Class A office space. The location is also near the Big Creek Greenway. The tenant mix provides income and leasing potential. The property includes upside potential with the storage facility located in the basement of the building.
Key Highlights
- High‑traffic location at a signalized intersection in affluent Alpharetta, GA.
- Anchored by a strong mix of regional tenants, providing stable income.
- Proximity to Avalon, North Point Mall, high‑income residential areas, and Class A office space.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$308,045
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,160,900
$6.2M
Cap Rate 7%
$4,400,643
$4.4M
Cap Rate 9%
$3,422,722
$3.4M
Market Conditions
NOI Build-Up for 24,000 SF
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.
Gross rent
$460.8K $19.20/SF
− Vacancy
−$20.7K −$0.86/SF
EGI
$440.1K $18.34/SF
− OpEx
−$132.0K −$5.50/SF
NOI
$308.0K $12.84/SF
Area
Fulton County, GA
Vacancy
4.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,160,900
Cap Rate 7%
$4,400,643
Cap Rate 9%
$3,422,722
Alternative Uses
Best Use
Retail
$4.40M
$3.85M – $5.13M
NOI $308,045 @ 7.0% cap · market cap 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.71M
$5.87M – $7.83M
NOI $469,624 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,823
Businesses Nearby
89k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 86%
Shops & Services 12%
Hotels & Casinos 1%
McDonald's
Dining
23,907 visits/mo
0.2 miles
Andy's Frozen Custard
Dining
13,287 visits/mo
0.4 miles
Dunkin' Donuts
Dining
11,490 visits/mo
0.4 miles
Waffle House
Dining
9,347 visits/mo
0.5 miles
Shell
Shops & Services
8,765 visits/mo
0.4 miles
Demographics for 30022, GA
66,667
Population
24,330
Households
2.7
Avg Household Size
40
Median Age
68%
College-Educated
95%
High-School Grad
23.7 sq mi
ZIP Area
2,813
Density / Sq Mi
$153,022
Median Household Income
$74,500
Median Earnings
$1,966
Median Rent
$589,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Shopping center - High-visibility retail center in affluent, growing Alpharetta submarket.
Where is this shopping center located?
The property is located at 4000 North Point Parkway Alpharetta, GA.
What is the asking price?
The asking price for this property is $5,965,500.
What are key features of this property?
This property features: High‑traffic location at a signalized intersection in affluent Alpharetta, GA.; Anchored by a strong mix of regional tenants, providing stable income.; Proximity to Avalon, North Point Mall, high‑income residential areas, and Class A office space.
