Listing Agency: Homeland Realty Group, LLC. s***@gmail.com Show Phone

Listed By: Shaji Fernandez · License #212080 Show Phone

Source: Exprealty

Added: May 1 Changed: Oct 2 Last Checked: Oct 21 at 2:34AM

Report an Issue

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 Homeland Realty Group, LLC.

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This fully furnished executive office suite spans 2,592 square feet and is set up with seven large private offices, a conference room, and a break area. The space also includes two private restrooms, 9' ceilings, solid premium flooring, large glass windows for natural light, and updated HVAC.

The office is located in The Gates at McGinnis Ferry, an office condominium development, at the corner of McGinnis Ferry Rd. and Union Hill Rd. The property is close to GA 400, with the new Halcyon Mixed Use Development nearby.

The suite is zoned M-1. It is offered for sale as part of an office condominium setting within the development.

Key Highlights

• 2,592 SF executive office suite in The Gates at McGinnis Ferry in Alpharetta, GA
• Includes seven large private offices plus a conference room and break area
• Two private restrooms and 9' ceilings

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,710

Cap Rate

5.44%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$694,200 $694.2K

Cap Rate 7%

$495,857 $495.9K

Cap Rate 9%

$385,667 $385.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,592 SF

Gross rent

$61.9K $23.87/SF

− Vacancy

−$15.6K −$6.02/SF

EGI

$46.3K $17.85/SF

− OpEx

−$11.6K −$4.46/SF

NOI

$34.7K $13.39/SF

Area

Fulton County, GA

Vacancy

25.20%

Lease Rate

$23.87 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$694,200

Cap Rate 7%

$495,857

Cap Rate 9%

$385,667

Alternative Uses

Best Use

Office B

$495.9K

$433.9K – $578.5K (±1% cap)

NOI $34,710 @ 7.0% cap · market cap 5.44%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$724.6K

$634.0K – $845.3K (±1% cap)

NOI $50,719 @ 7.0% cap · market cap 7.95%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Restaurant Dental Office Hair Salon Auto Parts Store Pharmacy Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9 ft

Clear height

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

795

Businesses Nearby

Explore this area Business Placement

Demographics for 30004, GA

68,607

Population

25,485

Households

2.7

Avg Household Size

37

Median Age

72%

College-Educated

95%

High-School Grad

57.9 sq mi

ZIP Area

1,185

Density / Sq Mi

$147,996

Median Household Income

$82,818

Median Earnings

$1,839

Median Rent

$583,700

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Similar For Sale Nearby

See more

Office Condominium

6110 Atlanta Hwy, Alpharetta, GA 30004

$600,000

1,656 SF

View details

Lower-Level Office Unit

1071 Cambridge Square Unit E, Alpharetta, GA 30009

$320,000

2,000 SF

View details

Two-Level Office Unit

1000 Abbey Court, Alpharetta, GA 30004

$350,000

View details

Move-In-Ready Office Unit

1006-4080 Mcginnis Ferry Rd, Alpharetta, GA 30004

$309,900

1,710 SF

View details

Two-Level Office Unit

6110 McFarland Station Dr Unit 400, Alpharetta, GA 30004

$699,000

6,156 SF

View details

Move-In-Ready End Unit Office

1815 Lockeway Dr., Unit 101, Alpharetta, GA 30004

$370,000

1,477 SF

View details

Multi-Office Office Condo

11535 Park Woods Cir E, Alpharetta, GA 30005

$449,000

1,140 SF

View details

Turnkey Office Suite with Reception

11795 Northfall Ln Unit 603, Alpharetta, GA 30009

$379,000

1,210 SF

View details

Office Condominium Suite

1002-6110 Atlanta Hwy, Alpharetta, GA 30004

Contact for pricing

1,656 SF

View details

Corner Office Suite with Private Offices

180 Prospect Place, Alpharetta, GA 30005

Contact for pricing

1,344 SF

View details

Office Unit with Private Offices

1085 Powers Place Unit A, Alpharetta, GA 30009

Contact for pricing

1,316 SF

View details

Abbey Court Office Portfolio

1500 Abbey Court, Alpharetta, GA 30004

Contact for pricing

4,520 SF

View details

Frequently Asked Questions

What type of property is this?

Office unit - Executive office suite features seven private offices, conference space, break area, and updated HVAC.

Where is this office unit located?

The property is located at 404-4080 Mcginnis Ferry Rd Alpharetta, GA.

What is the asking price?

The asking price for this property is $638,000.

What are key features of this property?

This property features: 2,592 SF executive office suite in The Gates at McGinnis Ferry in Alpharetta, GA; Includes seven large private offices plus a conference room and break area; Two private restrooms and 9' ceilings