Mixed-Use Property with
For Sale
$6,000,000
5000 McGinnis Ferry Rd, Alpharetta, GA 30005
Corner-lot property combines office, event, and fine-dining space within an industrial/commercial zoning designation.
Property Size21,000 SF
Price / SF$285.71
Days on Market25
Property Features for 5000 McGinnis Ferry Rd
General Information
Standard status
Active
Size
21,000 SF
Property subtype
Commercial
Zoning
industrial/Commercial
Additional Details
Road Access
Yes
Building Details
Year Built
1985
Buildings
1
Building Size
21,000 SF
Listing Agency:
Homesmart Realty Partners
(678) 999-6311
Listed By:
Anhad Chawla (678-999-6311) · License #443303
Source:
Cinthia.atlantageorgiahomesales
Added: Aug 4
Changed: Aug 28
Last Checked: Aug 28 at 12:19PM
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 Homesmart Realty Partners
Investment Insights
Based on property information with market context.
This mixed-use property contains a 21,000-square-foot building constructed in 1985, with office areas, event space, and a fine-dining restaurant. The interior offers substantial room for flexible use and future customization, while the expansive outdoor area supports additional activities or redevelopment enhancements.
The property occupies an almost 3-acre corner lot at McGinnis Ferry Road and Old Alpharetta Road in Alpharetta, Georgia. It is positioned within the Windward business community and is approximately 5 minutes from Halcyon. Industrial/commercial zoning supports the property’s existing combination of office, event, restaurant, retail, and warehouse-oriented uses.
The property occupies an almost 3-acre corner lot at McGinnis Ferry Road and Old Alpharetta Road in Alpharetta, Georgia. It is positioned within the Windward business community and is approximately 5 minutes from Halcyon. Industrial/commercial zoning supports the property’s existing combination of office, event, restaurant, retail, and warehouse-oriented uses.
Key Highlights
- 21,000 sq ft mixed‑use building constructed in 1985
- Almost 3‑acre corner lot at McGinnis Ferry Road and Old Alpharetta Road
- Includes office areas, event space, and a fine‑dining restaurant
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
$281,212
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
4.69%
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%
$5,624,240
$5.6M
Cap Rate 7%
$4,017,314
$4.0M
Cap Rate 9%
$3,124,578
$3.1M
Market Conditions
NOI Build-Up for 21,000 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
$501.3K $23.87/SF
− Vacancy
−$126.3K −$6.02/SF
EGI
$374.9K $17.85/SF
− OpEx
−$93.7K −$4.46/SF
NOI
$281.2K $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 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%
$5,624,240
Cap Rate 7%
$4,017,314
Cap Rate 9%
$3,124,578
Alternative Uses
Best Use
Office B
$4.02M
$3.52M – $4.69M
NOI $281,212 @ 7.0% cap · market cap 4.69%
Second Best
Mixed Use
$3.64M
$3.19M – $4.25M
NOI $255,150 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$5.87M
$5.14M – $6.85M
NOI $410,921 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
639
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner-lot property combines office, event, and fine-dining space within an industrial/commercial zoning designation.
Where is this mixed-use property located?
The property is located at 5000 McGinnis Ferry Rd Alpharetta, GA.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: 21,000 sq ft mixed‑use building constructed in 1985; Almost 3‑acre corner lot at McGinnis Ferry Road and Old Alpharetta Road; Includes office areas, event space, and a fine‑dining restaurant
