Mixed-Use Building with
New
For Sale
$6,000,000
5000 Mcginnis Ferry RD, Alpharetta, GA 30005
The property combines office, event, and fine dining areas within one commercial building.
Property Size21,000 SF
Price / SF$285.71
Days on Market2
Property Features for 5000 Mcginnis Ferry RD
General Information
Standard status
Active
Size
21,000 SF
Property subtype
Mixed Use
Zoning
industrial/Commercial
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$11,101
Building Details
Building Size
21,000 SF
Year Built
1985
Buildings
1
Listing Agency:
Homesmart Realty Partners
Listed By:
Anhad Chawla · License #443303
(678) 999-6311
Source:
Chapmanhallprofessionals
Added: Sep 1
Changed: Sep 2
Last Checked: Sep 2 at 1:02PM
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.
Built in 1985, this mixed-use commercial property contains approximately 21,000 square feet across office, event, and fine dining restaurant areas. The building sits on an almost 3-acre corner parcel, with substantial outdoor space that may support additional activities or future redevelopment planning.
The property occupies the corner of McGinnis Ferry Road and Old Alpharetta Road in the Windward business community, approximately five minutes from Halcyon. It is described as industrial/commercial zoning and offers a multi-purpose configuration within a single commercial asset.
The property occupies the corner of McGinnis Ferry Road and Old Alpharetta Road in the Windward business community, approximately five minutes from Halcyon. It is described as industrial/commercial zoning and offers a multi-purpose configuration within a single commercial asset.
Key Highlights
- Approximately 21,000 square feet of building area
- Almost 3‑acre corner lot
- Includes office, event space, and fine dining restaurant areas
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
$337,478
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
5.62%
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%
$6,749,560
$6.7M
Cap Rate 7%
$4,821,114
$4.8M
Cap Rate 9%
$3,749,756
$3.7M
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
$483.8K $23.04/SF
− Vacancy
−$33.9K −$1.61/SF
EGI
$450.0K $21.43/SF
− OpEx
−$112.5K −$5.36/SF
NOI
$337.5K $16.07/SF
Area
Fulton County, GA
Vacancy
7.00%
Lease Rate
$23.04 /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%
$6,749,560
Cap Rate 7%
$4,821,114
Cap Rate 9%
$3,749,756
Alternative Uses
Best Use
Specialty Retail
$4.82M
$4.22M – $5.62M
NOI $337,478 @ 7.0% cap · market cap 5.62%
Second Best
Office B
$4.02M
$3.52M – $4.69M
NOI $281,212 @ 7.0% cap · market cap 4.69%
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 - The property combines office, event, and fine dining areas within one commercial building.
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: Approximately 21,000 square feet of building area; Almost 3‑acre corner lot; Includes office, event space, and fine dining restaurant areas
