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    11700 Great Oaks Way Alpharetta, GA 30022
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    Property profile & analytics

    11700 Great Oaks Way Alpharetta, GA 30022

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    • Office buildings
    • 310,928 SF
    • 17.66 lot acres
    For Lease
    $41,900,000
    View Listing →
    Office Space in Royal 400 For Lease
    $41,900,000

    Office Space in Royal 400

    Office space for rent in North Fulton business park.

    11700 Great Oaks Way, Alpharetta, GA 30022
    View Listing
    Property ID
    US22-1104899
    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
    $41,900,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Verifone Inc / (Bike/Boat/Book/etc) Store / Corporate Office
    • ADP Alpharetta / Business Management Consultant / Human Resource Consulting
    • General Motors Co / Corporate Office
    • SemaConnect Charging Station / Electric Vehicle Charging Station
    • Nexeo Solutions / Factory / Production Facility

    Property Details for 11700 Great Oaks Way

    Year built
    2000
    Lot size
    17.66 lot acres
    Property size
    310,928 SF
    Zone code
    OI
    Property type
    Office buildings
    APN
    12 312009070404
    APU
    12312009070404

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $41,900,000
      ML approach
      $41,900,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $51,134,000
      Market price range: $38.0M - $76.5M
      AI Estimate
      $36,110,000
      Market price range: $29.1M - $49.0M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $52,825,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Alpharetta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.2672
    Latitude
    34.0634
    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
    $617,730
    $1,539,640
    $18,242,920
    $19,782,560
    -
    $3,849,100
    $45,607,300
    $49,456,400

    Comparable in this City

    • Value Estimation
      $3,120,000
      25,548 SF

      5865 Pt Pkwy

      OFFICE BUILDING (MULTI-STORY) • 25,548 SF
      5865 Pt Pkwy, Alpharetta, GA 30022-1168
      View Details
    • Value Estimation
      $7,315,000
      35,212 SF

      11610 Great Oaks Way

      OFFICE BUILDING • 35,212 SF
      11610 Great Oaks Way, Alpharetta, GA 30022-2418
      View Details
    • Value Estimation
      $19,525,000
      80,228 SF

      11650 Great Oaks Way

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 80,228 SF
      11650 Great Oaks Way, Alpharetta, GA 30022-2418
      View Details
    • Value Estimation
      $4,295,000
      25,660 SF

      3050 Royal S Blvd

      OFFICE BUILDING (MULTI-STORY) • 25,660 SF
      3050 Royal S Blvd, Alpharetta, GA 30022-4427
      View Details
    • Value Estimation
      $1,005,000
      4,200 SF

      11379 Southbridge Pkwy

      OFFICE BUILDING (MULTI-STORY) • 4,200 SF
      11379 Southbridge Pkwy, Alpharetta, GA 30022-4402
      View Details
    • Value Estimation
      $1,590,000
      13,724 SF

      4640 Valais Ct

      OFFICE BUILDING (MULTI-STORY) • 13,724 SF
      4640 Valais Ct, Alpharetta, GA 30022-2606
      View Details

    Similar Nearby for Sale

    • $2,500,000
      7,275 SF

      Alpharetta Commercial Building For Sale

      Well-maintained commercial building in Alpharetta, suitable for medical or office use.
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      View Details
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      Class A Office Building

      Mid-rise office building with excellent access and ample parking.
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      9,042 SF

      Alpharetta Bank Branch Opportunity

      Freestanding 9,042 SF building on 1.89 acres for sale.
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      Class A Office Building

      Mid-rise office building with excellent access to GA 400.
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      NNN Leased Lazy Dog Restaurant

      20-year NNN lease with rental increases in affluent Alpharetta.
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      Townhouse in gated community with pool, tennis, and clubhouse.
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    Similar Nearby for Lease

    • $23 SF/Yr
      22,218 SF

      Alpharetta Office/Medical Space for Lease

      Office/Medical building with covered parking and greenway access.
      3005 Royal Blvd South, Alpharetta, GA 30022
      View Details
    • Contact for pricing
      22,343 SF

      Alpharetta Office Space Available

      Office building with 22,343 square feet available for rent.
      4300 Alexander Dr, Alpharetta, GA 30022
      View Details
    • Contact for pricing
      157,902 SF

      Alpharetta Office Space for Rent

      Class A office space with high ceilings and ample parking.
      11540 Great Oaks Way, Alpharetta, GA 30022
      View Details
    • $8 SF/Yr
      3,000 SF

      Office Space with Wooded Views

      Office space featuring a deck with wooded views for rent.
      11700 Atlantis Pl, Alpharetta, GA 30022
      View Details
    • Contact for pricing
      500,000 SF

      Planned Class A Office Space

      Planned 500,000 SF Class A office in Alpharetta.
      North Point Pkwy, Alpharetta, GA 30022
      View Details
    • $28 SF/Yr
      6,602 SF

      Class A Office Space

      LEED certified office in mixed-use corporate campus for rent.
      30000 Mill Creek Ave, Alpharetta, GA 30022
      View Details
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    Alpharetta, GA 30022
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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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