This exceptional retail property, located at 1137 Alpharetta Street in Roswell, Georgia, offers two available spaces within a 5,023 square foot building. The property boasts a prime location in the affluent and walkable Downtown Roswell area, enjoying high visibility and foot traffic. Situated near popular establishments like Pure Taqueria and Lucky's, and just steps from the new Southern Post mixed-use development, this location provides unparalleled access to a thriving community. The building, constructed in 1985 and renovated in 2022, is classified as Class B and features a total of three suites across two stories. Suite B, measuring 824 square feet, offers three private offices, a reception area, display space, kitchenette, and restroom. It is available October 1, 2024, for $2,766 per month, inclusive of utilities and CAM charges. Suite C, spanning 1,185 square feet, includes four private offices, a large reception/waiting area, kitchenette, and restroom. This suite becomes available November 1, 2024, at a monthly rent of $3,781, also inclusive of utilities and CAM charges. Additional storage space is also available for lease. The property features 15 parking spaces and is zoned DX- Downtown Mixed Use. The building's proximity to Canton Street, with its numerous shops and restaurants, further enhances its desirability. This location benefits from high daily traffic volume (28,000+ cars per day) and is surrounded by a dense residential population (3,361 housing units within 1 mile) with a high average household income ($176,305 within 1 mile). The property is ideal for businesses seeking a vibrant and accessible location in the heart of Roswell.
Property Features for 1137 Alpharetta St
General Information
Property type
Retail properties
Lease Type
Gross Lease
RSF (Rentable sq. ft)
5,023 SF
Class
B
Total Rate
12976.08
Building Details
Year Built/Renovated
1985/2022
Buildings
1
Stories
2
Unit(s) available at that property
Space
Available Space 2- Ste C
Size
1,185 SF
Rate per SF
$31
Space
Available Space - Ste B
Size
824 SF
Rate per SF
$33
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Listing Contact
Roxanne Hazen
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Property Insight Report
HighLights
Two available retail suites totaling 2,009 square feet in a 5,023 square foot building.
Prime location in Downtown Roswell, GA with high visibility and foot traffic near popular restaurants and the new Southern Post development.
Recently renovated (2022) Class B building with 15 parking spaces.
Suite B (824 SF) available October 1, 2024, for $2,766/month, all‑inclusive. Suite C (1,185 SF) available November 1, 2024, for $3,781/month, all‑inclusive.
DX‑Downtown Mixed Use zoning, high traffic counts (28,000+ cars/day), and dense residential population (3,361 units within 1 mile) with high average household income ($176,305 within 1 mile).
Retail property - High-visibility retail in Downtown Roswell.
Where is this retail property located?
The property is located at 1137 Alpharetta St Roswell, GA.
What is the lease rate?
The lease rate is $31-$33 SF/Yr.
What are key features of this property?
This property features: Two available retail suites totaling 2,009 square feet in a 5,023 square foot building.; Prime location in Downtown Roswell, GA with high visibility and foot traffic near popular restaurants and the new Southern Post development.; Recently renovated (2022) Class B building with 15 parking spaces.
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1137 Alpharetta St Roswell, GA 30075
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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.
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1137 Alpharetta St Roswell, GA 30075
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1137 Alpharetta St, Roswell, GA
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1137 Alpharetta St, Roswell, GA
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Listing Contact
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Real Estate License ID: 338643
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