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    901 Abernathy Rd Sandy Springs, GA 30328

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    For Lease
    Contact for pricing

    Prime Retail Space, 1428 sq ft

    Lot size:
    1,428 SF

    Property Features for 901 Abernathy Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,428 SF
    Total Rate
    5297.88

    Spaces For Lease

    at 901 Abernathy Rd, Sandy Springs, GA 30328 Contact us
    Unit

    $44 /Mo

    Size
    1,428 SF
    Contact us

    We can help!

    Listing Contact
    Amit Grover
    Amit Grover

    Listing Agency: Coldwell Banker Commercial Metro Brokers Listing Agent: Amit Grover

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 1,428 square foot retail condo is located at 901 Abernathy Road, Suite 500, Sandy Springs, Georgia 30328. Situated within the 150-unit Serrano Apartment complex, this ground floor space offers a unique opportunity for owner-occupancy or investment. The property benefits from its strategic location near the intersection of Abernathy Road and GA-400, providing easy access to I-285 and US-19/GA-400, and is only 15 miles north of Downtown Atlanta. The space is currently available, with the existing tenant vacating by November 2023. This versatile space, part of a thriving commercial hub, is ideal for a variety of retail businesses. The building itself totals 1,428 square feet and is comprised of a single suite. The location within the Serrano complex provides a built-in customer base from the 150 residential units above, offering a healthy mix of one, two, and three-bedroom apartments. This Fulton County property presents a strong investment opportunity due to its prime location, high visibility, and the potential for consistent rental income and future appreciation. The adaptable space allows for customization to suit various business needs, making it an attractive option for entrepreneurs and established businesses alike. This is a chance to establish a presence in a dynamic and growing area of Sandy Springs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sandy Springs
    County
    Fulton
    State
    Georgia
    Longitude
    -84.3609417
    Latitude
    33.9331877

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Space, 1428 sq ft
    Where is this retail property located?
    The property is located at 901 Abernathy Rd Sandy Springs, GA.
    What is the lease rate?
    The lease rate is $44 SF/Yr.
    What are key features of this property?
    This property features: 1,428 SF retail condo for sale at 901 Abernathy Rd, Ste 500, Sandy Springs, GA 30328.; Ground floor space in 150-unit Serrano Apartment complex, offering owner-occupancy or investment potential.; Prime location near GA-400 and I-285, 15 miles from Downtown Atlanta.
    (678) 320-4800 Call to check price and availability
    Request Owner's contact information
    901 Abernathy Rd Sandy Springs, GA 30328
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    Sandy Springs, GA 30328
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    901 Abernathy Rd Sandy Springs, GA 30328
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Amit Grover
    Amit Grover
    (678) 320-4800
    Learn more
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