Two-Story Office
For Sale
$4,000,000
6515 Shiloh Road, Alpharetta, GA 30005
Office condominium comprising Suites 300 and 400 with an existing five-year lease and renewal option.
Property Size35,854 SF
Price / SF$220.22
Days on Market52
Property Features for 6515 Shiloh Road
General Information
Standard status
Active
Size
35,854 SF
Class
B
Property subtype
Office
Net Operating Income
$1,455,032
Financials
Asking Price
$4,000,000
Cap Rate
7.28%
Additional Details
Highway Access
Yes
Building Details
Building Size
35,854 SF
Year Built
2006
Tenancy
Single
Listed By:
Mike Berens
(404) 812-4024
Source:
Naibg
Added: Aug 20
Changed: Oct 9
Last Checked: Oct 9 at 5:34PM
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 Mike Berens
Investment Insights
Based on property information with market context.
This two-floor office condominium includes Suites 300 and 400 and contains 18,164 SF. Built in 2006, the property is offered for sale with an existing five-year lease and an option to renew.
The asset is located at 6515 Shiloh Road in Alpharetta, Georgia, with access to 400 and Halcyon. The lease is associated with a 7.28% cap rate.
The asset is located at 6515 Shiloh Road in Alpharetta, Georgia, with access to 400 and Halcyon. The lease is associated with a 7.28% cap rate.
Key Highlights
- 18,164 SF office condominium across two floors
- Suites 300 and 400 included
- Built in 2006
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$243,235
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,864,700
$4.9M
Cap Rate 7%
$3,474,786
$3.5M
Cap Rate 9%
$2,702,611
$2.7M
Market Conditions
NOI Build-Up for 18,164 SF
Gross rent
$433.6K $23.87/SF
− Vacancy
−$109.3K −$6.02/SF
EGI
$324.3K $17.85/SF
− OpEx
−$81.1K −$4.46/SF
NOI
$243.2K $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 Rate 5%
$4,864,700
Cap Rate 7%
$3,474,786
Cap Rate 9%
$2,702,611
Alternative Uses
Best Use
Office B
$3.47M
$3.04M – $4.05M
NOI $243,235 @ 7.0% cap · market cap 6.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.08M
$4.44M – $5.92M
NOI $355,427 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
632
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Office units - Office condominium comprising Suites 300 and 400 with an existing five-year lease and renewal option.
Where is this office units located?
The property is located at 6515 Shiloh Road Alpharetta, GA.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 18,164 SF office condominium across two floors; Suites 300 and 400 included; Built in 2006
