Mixed-Use Building with Outdoor
New
For Sale
$6,000,000
5000 Mcginnis Ferry Road, Alpharetta, GA 30005
Commercial Sale, Alpharetta, GA
Property Size21,000 SF
Lot Size2.66 Acres
Price / SF$285.71
Days on Market2
Property Features for 5000 Mcginnis Ferry Road
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
50
Parking features
Parking Lot
Accessibility
Accessible Approach with Ramp
Lot features
Business Park, Corner Lot
Directions
Use Google maps
Standard status
Active
APN
066 009
Size
21,000 SF
Lot size
2.66 Acres
Taxes and HOA fees
Tax Year
2022
Tax Annual Amount
11101
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1985
Flooring type
Hardwood, Tile, Carpet
Building materials
Brick
Listing Agency:
Homesmart Realty Partners
(404) 419-1004
Listed By:
Anhad Chawla · License #443303
(678) 999-6311
Added: Sep 1
Last Checked: Sep 2 at 6:06PM
MLS# 10837427
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 21,000-square-foot mixed-use property occupies 2.66 acres and combines substantial interior area with expansive outdoor space. The building dates to 1985 and features brick construction, hardwood, tile, and carpet flooring, along with central heating and central air conditioning. Its reported configuration accommodates office, event space, fine dining, retail, warehouse, and other commercial applications.
The property is positioned at the corner of McGinnis Ferry Road and Old Alpharetta Road in Alpharetta, approximately 5 minutes from Halcyon. It is identified as industrial/commercial zoning and includes a parking lot, an accessible approach with ramp, public water, public sewer, and cable availability.
The property is positioned at the corner of McGinnis Ferry Road and Old Alpharetta Road in Alpharetta, approximately 5 minutes from Halcyon. It is identified as industrial/commercial zoning and includes a parking lot, an accessible approach with ramp, public water, public sewer, and cable availability.
Key Highlights
- 21,000 square feet on 2.66 acres
- Corner location at McGinnis Ferry Road and Old Alpharetta Road
- Reported office, event space, fine dining, retail, and warehouse configuration
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 - Brick commercial building with central heating, central air, parking, and public water and sewer service.
Where is this mixed-use property located?
The property is located at 5000 Mcginnis Ferry Road 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 square feet on 2.66 acres; Corner location at McGinnis Ferry Road and Old Alpharetta Road; Reported office, event space, fine dining, retail, and warehouse configuration
