Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    4053 Whitehall Way Alpharetta, GA 30004

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $319,000

    Remodeled 2-bedroom, 2-bath condo with modern updates and greenspace.

    Lot size:
    0.03 Acres

    Property Features for 4053 Whitehall Way

    General Information

    Lot size
    0.03 Acres
    Exterior features
    exterior_features, : ["Patio", "Cable Available", "Electricity Available", "Natural Gas Available", "Sewer Available", "Underground Utilities", "Composition"]
    Interior features
    Interior Feature 1, : "Fireplace", "Interior Feature 2": "Cable Ready", "Interior Feature 3": "Central Air", "Interior Feature 4": "Forced Air", "Interior Feature 5": "Natural Gas", "Interior Feature 6": "Dishwasher", "Interior Feature 7": "Microwave", "Interior Feature 8": "Refrigerator"

    Building Details

    Year built
    1985

    We can help!

    Listing Contact
    Janice ChathamJanice ChathamJanice Chatham
    Source: Kw

    Listing Agency: Atlanta - North FultonAtlanta - North FultonAtlanta - North Fulton Listing Agent: Janice ChathamJanice ChathamJanice Chatham

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Updated Condo in Alpharetta

    This updated, spacious, stepless 2-bedroom, 2-bath condo offers comfortable one-level living. The ground-floor unit features an open floor plan with new paint throughout and new luxury vinyl plank flooring. The remodeled kitchen includes quartz countertops, new appliances, and a modern design that opens to the living and dining areas. The primary suite provides a remodeled bath featuring a floor-to-ceiling tiled shower, new vanity, and quartz countertops. A versatile secondary bedroom can serve as a guest room or home office. The unit backs up to community greenspace, offering privacy and tranquility. Additional updates include a new HVAC system, new water heater, new flooring, interior repaint, new countertops, and new lighting. There is additional outdoor living space on the covered private patio. Located in a swim/tennis community within walking distance to shopping, dining, and The Greenway, this home offers comfort, convenience, and low-maintenance living.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Alpharetta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.2775457
    Latitude
    34.0881282

    Nearby Similar for Sale

    • $685,000
      0.51 Acres

      Alpharetta Turnkey Investment Opportunity

      Prime Alpharetta property with immediate cash flow and proven rental history.
      1250 Rosewood Dr, Alpharetta, GA 30005
      View Details
    • $2,500,000
      7,275 SF

      Alpharetta Commercial Building For Sale

      Well-maintained commercial building in Alpharetta, suitable for medical or office use.
      8480 Holcomb Bridge Rd, Alpharetta, GA 30022
      View Details
    • $559,000
      0.75 Acres

      Remodeled Duplex with Rental History

      Updated duplex in Alpharetta with steady rental income history.
      1230 Hanover Pl, Alpharetta, GA 30009
      View Details
    • $339,999
      0.03 Acres

      Alpharetta Multifamily Near Avalon

      Luxury feel, updated 2BR/2.5BA near Avalon. Investor opportunity.
      2914 Webb Bridge Rd, Alpharetta, GA 30009
      View Details
    • New
      $399,000
      1,134 SF

      Downtown Alpharetta Office Condo

      Modern 1,134 SF office condo in downtown Alpharetta, GA.
      1100 Powers Pl, Alpharetta, GA 30009
      View Details
    • $457,000
      0.03 Acres

      Modern Office in Historic Alpharetta

      Single-story office condo in Historic Downtown Alpharetta for sale.
      1100 Powers Pl, Alpharetta, GA 30009
      View Details
    • $1,200,000
      0.25 Acres

      Alpharetta Quadruplex Investment Opportunity

      Four townhome-style units in Alpharetta, great for rental income.
      1020 Dassow Ct, Alpharetta, GA 30009
      View Details
    • $1,200,000
      0.24 Acres

      Alpharetta Quadruplex Investment Opportunity

      Four townhome-style units in Alpharetta, great for rental income.
      1020 Dassow Ct, Alpharetta, GA 30009
      View Details
    • $339,999
      0.03 Acres

      Luxury Apartment Near Avalon

      Updated 2BR/2.5BA near Avalon and Downtown Alpharetta. No rental cap.
      2914 Webb Bridge Rd, Alpharetta, GA 30009
      View Details
    • $9,500,000
      44,716 SF

      Alpharetta Assisted Living Facility For Sale

      Turnkey assisted living facility in Johns Creek/Alpharetta area.
      5690 State Bridge Rd, Alpharetta, GA 30022
      View Details
    • $9,500,000
      1.92 Acres

      Alpharetta Assisted Living Facility

      Turnkey assisted living facility in Alpharetta, GA for sale.
      5690 State Bridge Rd, Alpharetta, GA 30022
      View Details
    • $9,500,000
      1.92 Acres

      Alpharetta Assisted Living Facility

      Turnkey assisted living facility in Alpharetta's Johns Creek area.
      5690 State Bridge Rd, Alpharetta, GA 30022
      View Details

    FAQs

    What type of property is this?
    Apartment building - Remodeled 2-bedroom, 2-bath condo with modern updates and greenspace.
    Where is this apartment building located?
    The property is located at 4053 Whitehall Way Alpharetta, GA.
    What is the asking price?
    The asking price for this property is $319,000.
    What are key features of this property?
    This property features: - Completely remodeled kitchen and bathrooms with QUARTZ countertops and new appliances.; - Ground-floor unit with STEPLESS entry (no stairs).; - New HVAC system, water heater, flooring, and paint throughout.
    Request Owner's contact information
    4053 Whitehall Way Alpharetta, GA 30004
    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.
    4053 Whitehall Way
    Alpharetta, GA 30004
    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
    4053 Whitehall Way Alpharetta, GA 30004
    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

    We can help!
    Listing Contact
    Janice ChathamJanice ChathamJanice Chatham
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.