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    6110 Mcfarland Station Dr Alpharetta, GA 30004

    • Office Properties & Spaces
    • 2,200 SF
    For Sale
    View listing
    $680,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 6110 Mcfarland Station Dr

    Year built
    2022
    Property size
    2,200 SF
    Property type
    Office Properties & Spaces
    Property subtype
    Medical offices

    Description

    This stunning, two-story Class A office condo in Alpharetta, Georgia, presents a unique investment opportunity. Built in 2022 and renovated in 2023, this 2,200 square foot property boasts five separate offices, perfect for a variety of professional uses, including executive suites or medical practices. The layout includes a spacious kitchen/break room, ideal for staff and client interaction. Upstairs, you'll find two additional offices within a large open-concept area, providing flexibility and ample workspace. Separate men's and women's restrooms enhance convenience and professionalism. Located at 6110 McFarland Station Dr, Alpharetta, GA 30004, this property benefits from its prime location in Forsyth County, with easy access to GA 400, ensuring high visibility and convenient commutes. The property is currently vacant, allowing for immediate occupancy. The building features four units in total, and sits on a lot with APN 000000170433. Zoned M1, this property offers a versatile space for a variety of businesses. The asking price is $680,000, translating to $309.09 per square foot. This represents an exceptional value for a move-in ready, modern office space in a high-traffic area. Don't miss this chance to acquire a prime Alpharetta commercial property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Alpharetta
    County
    Forsyth
    State
    Georgia
    Longitude
    -84.2512
    Latitude
    34.1346

    Comparable in this City

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      1,837 SF

      6110 Mcfarland Sta Dr

      Medical offices • 1,837 SF
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    • Value Estimation by Request
      12,000 SF

      6110 Mcfarland Sta Dr

      Office space • 12,000 SF
      6110 Mcfarland Sta Dr, Alpharetta, GA 30004
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    • Value Estimation by Request

      6110 Mcfarland Sta Dr

      Medical offices
      6110 Mcfarland Sta Dr, Alpharetta, GA 30004
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    • Value Estimation
      $705,000
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      4895 Windward Pkwy

      MEDICAL BUILDING • 24,146 SF
      4895 Windward Pkwy, Alpharetta, GA 30004-3850
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    • Value Estimation
      $390,000
      2,430 SF

      3785 Hamby Rd

      MEDICAL BUILDING • 2,430 SF
      3785 Hamby Rd, Alpharetta, GA 30004-2916
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    • Value Estimation
      $345,000
      4,569 SF

      12994 Hwy 9th N

      MEDICAL BUILDING • 4,569 SF
      12994 Hwy 9th N, Milton, GA 30004-3609
      View Details

    Similar Nearby for Sale

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      Alpharetta Office Condo for Lease

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      McFarland Office Condo - 1837 sq ft

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    Alpharetta, GA 30004
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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
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