Office Condominium
For Sale
$309,900
4080 McGinnis Ferry Road # 1006, Alpharetta, GA 30005
The unit is described as move-in ready, with no improvements necessary.
Property Size1,710 SF
Price / SF$181.23
Days on Market131
Property Features for 4080 McGinnis Ferry Road # 1006
General Information
Standard status
Active
Size
1,710 SF
Property subtype
Commercial,Office
Additional Details
Condition
Move-in Ready
Road Access
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$3,676
Amenities
well-landscaped grounds
impressive lobby entrance
Building Details
Building Size
1,710 SF
Year Built
2000
Listing Agency:
Listed By:
Hayes & Reich Luxury Property Group
(770) 595-3000
Source:
Hayesreich
Added: Jun 19
Changed: Oct 27
Last Checked: Oct 27 at 3:37AM
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 Hayes & Reich Luxury Property Group
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Investment Insights
Based on property information with market context.
This 1,710-square-foot office condominium unit was built in 2000 and is described as ready for occupancy without further improvements. It is part of an office complex with a lobby and landscaped grounds.
The property is at 4080 McGinnis Ferry Road in Alpharetta, Georgia. The location is 29 miles from downtown Atlanta and 45 miles from the airport. The complex provides ample parking and access from the road.
The property is at 4080 McGinnis Ferry Road in Alpharetta, Georgia. The location is 29 miles from downtown Atlanta and 45 miles from the airport. The complex provides ample parking and access from the road.
Key Highlights
- 1,710‑square‑foot office condominium unit
- Built in 2000
- Office complex includes a lobby and landscaped grounds
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,899
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,980
$458.0K
Cap Rate 7%
$327,129
$327.1K
Cap Rate 9%
$254,433
$254.4K
Market Conditions
NOI Build-Up for 1,710 SF
Gross rent
$40.8K $23.87/SF
− Vacancy
−$10.3K −$6.02/SF
EGI
$30.5K $17.85/SF
− OpEx
−$7.6K −$4.46/SF
NOI
$22.9K $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%
$457,980
Cap Rate 7%
$327,129
Cap Rate 9%
$254,433
Alternative Uses
Best Use
Office B
$327.1K
$286.2K – $381.7K
NOI $22,899 @ 7.0% cap · market cap 7.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$478.0K
$418.3K – $557.7K
NOI $33,461 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
638
Businesses Nearby
Explore this area
Business Placement
Demographics for 30005, GA
39,308
Population
14,879
Households
2.6
Avg Household Size
38
Median Age
76%
College-Educated
99%
High-School Grad
15.8 sq mi
ZIP Area
2,488
Density / Sq Mi
$170,951
Median Household Income
$82,686
Median Earnings
$1,929
Median Rent
$587,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The unit is described as move-in ready, with no improvements necessary.
Where is this office unit located?
The property is located at 4080 McGinnis Ferry Road # 1006 Alpharetta, GA.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: 1,710‑square‑foot office condominium unit; Built in 2000; Office complex includes a lobby and landscaped grounds
