Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1111 Alderman Dr Alpharetta, GA 30005-2022
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1111 Alderman Dr Alpharetta, GA 30005-2022

    View on Map
    • Office buildings
    • 36,432 SF
    • 7.28 lot acres
    Off-Market
    Property ID
    US22-0056579
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $4,550,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Optimum Productions / Advertising Agency / Marketing & Advertising
    • Burer Lara / Physician
    • Tier One Inc / Engineering Consultant
    • KA Headquarters / Training Center / Sports School
    • Pediatric Physicians, PC / Pediatrician / Medical Clinic

    Property Details for 1111 Alderman Dr

    Year built
    1987
    Lot size
    7.28 lot acres
    Property size
    36,432 SF
    Zone code
    CUP
    Property type
    Office buildings
    APN
    21 552010470413
    APU
    21552010470413

    Description

    This exceptional Alpharetta office property, located at 1111 Alderman Dr, 30005, offers a variety of executive office and traditional office spaces for lease. Situated on a 7.28-acre lot in the prestigious 400 North Business Park, this Class C property boasts a total of 85,765 square feet across three single-story buildings. Currently, there are 19,594 square feet of vacant space available, divisible into units ranging from a minimum of 3,870 square feet to a maximum contiguous space of 15,724 square feet. The property features a total of two suites, providing flexibility for businesses of various sizes. The convenient location in Fulton County, within the Atlanta submarket, offers easy access to major transportation routes and amenities. This property is ideal for businesses seeking a well-maintained, functional office space in a desirable Alpharetta location. The address is conveniently located on Windward Parkway. The property is categorized as Multiple Tenancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,462,000
      Market price range: $4.08M - $9.33M
      AI Estimate
      $3,755,000
      Market price range: $2.80M - $6.36M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $6,305,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Alpharetta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.2439
    Latitude
    34.0961
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $66,139
    $1,274,000
    $844,080
    $2,118,080
    -
    $3,185,000
    $2,110,200
    $5,295,200

    Comparable in this City

    • Value Estimation
      $14,250,000
      132,427 SF

      6000 Windward Pkwy

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 132,427 SF
      6000 Windward Pkwy, Alpharetta, GA 30005-4181
      View Details
    • Value Estimation
      $28,485,000
      255,201 SF

      1000 Windward Concourse

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 255,201 SF
      1000 Windward Concourse, Alpharetta, GA 30005-2052
      View Details
    • Value Estimation
      $4,800,000
      31,284 SF

      5780 Windward Pkwy

      OFFICE BUILDING (MULTI-STORY) • 31,284 SF
      5780 Windward Pkwy, Alpharetta, GA 30005-5206
      View Details
    • Value Estimation
      $5,645,000
      51,844 SF

      6120 Windward Pkwy

      OFFICE BUILDING (MULTI-STORY) • 51,844 SF
      6120 Windward Pkwy, Alpharetta, GA 30005-8809
      View Details
    • Value Estimation
      $9,610,000
      60,070 SF

      5895 Windward Pkwy

      OFFICE BUILDING (MULTI-STORY) • 60,070 SF
      5895 Windward Pkwy, Alpharetta, GA 30005-5203
      View Details
    • Value Estimation
      $23,310,000
      140,130 SF

      3025 Windward Plz

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 140,130 SF
      3025 Windward Plz, Alpharetta, GA 30005-8728
      View Details

    Similar Nearby for Sale

    • $5,950,000

      Versatile Alpharetta Commercial Opportunity

      21,000 SF building on almost 3 acres near Halcyon.
      5000 Mcginnis Ferry Rd, Alpharetta, GA 30005
      View Details
    • New
      $5,950,000
      21,000 SF

      Alpharetta Commercial Building on Corner

      21,000 sq ft building on almost 3 acres.
      5000 Mcginnis Ferry Rd, Alpharetta, GA 30005
      View Details
    • Contact for pricing
      6,080 SF

      Alpharetta Office Space Available

      6,080 SqFt office space for sale in Alpharetta, Georgia.
      4040 Old Milton Pkwy, Alpharetta, GA 30005
      View Details
    • Contact for pricing
      61,289 SF

      Renovated Office Building Near Halcyon

      Single-story office building with income potential near Halcyon.
      6455 Shiloh Rd, Alpharetta, GA 30005
      View Details
    • $5,950,000
      21,000 SF

      Versatile Commercial Building Near Halcyon

      21,000 SF building on 2.66 acres near Halcyon.
      5000 Mcginnis Ferry Rd, Alpharetta, GA 30005
      View Details
    • New
      $475,000
      1,140 SF

      Profitable Office Condo in Alpharetta

      Move-in ready office condo in a fantastic Alpharetta location.
      11535 Park Woods Cir, Alpharetta, GA 30005
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      52,444 SF

      Alpharetta Office Space Available

      Office building with fitness center and abundant parking.
      3025 Windward Plz, Alpharetta, GA 30005
      View Details
    • Contact for pricing
      97,800 SF

      Planned Office Building in Alpharetta

      97,800 RSF of customizable office space for rent.
      3150 Old Milton Pkwy, Alpharetta, GA 30005
      View Details
    • Contact for pricing
      29,000 SF

      Conveniently Located North Fulton Office

      Accessible office space near GA 400 and North Point Mall.
      3480 Preston Ridge Rd, Alpharetta, GA 30005
      View Details
    • Contact for pricing

      Preston Ridge Commons II Offices

      Multi-building office complex in Alpharetta, designed for business growth.
      3235 North Point Pkwy, Alpharetta, GA 30005
      View Details
    • Contact for pricing

      Alpharetta Office Building For Rent

      Single-story office building with easy access to GA-400.
      3050 Royal Blvd S, Alpharetta, GA 30005
      View Details
    • Contact for pricing

      Alpharetta Office with Skyline Views

      Office building in Alpharetta with convenient access and views.
      3440 Preston Ridge Rd, Alpharetta, GA 30005
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1111 Alderman Dr
    Alpharetta, GA 30005-2022
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!