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Property profile & analytics
OFF-MARKET
Office buildings
11800 Amber Park Dr Alpharetta, GA 30009-2274
Entity Owned
4-yr Hold
Free & Clear
Property ID
US22-1489687
Property summary
AI-generated overview
This exceptional Alpharetta office property, located at 11800 Amber Park Dr, 30009, offers a total of 195,911 square feet of premium Class A office space. The property consists of two buildings, built in 2000, and features a traditional office layout with executive office suites available. Currently, there are 2,578 square feet of vacant space within this multi-tenant building. The property boasts a convenient location directly across Old Milton Parkway from Avalon, providing excellent visibility and access to amenities. The buildings offer 9'6" ceilings and ample parking, with a ratio of 4.1 spaces per 1,000 square feet. Elevators are available for convenient access to all floors. The lot size ranges from 5.15 to 9.5 acres, providing ample space and potential for future development or expansion. This property presents a unique opportunity for businesses seeking a prestigious and well-located office space in Alpharetta, Georgia. The property's prime location and modern amenities make it an ideal choice for a variety of businesses. Contact us today to learn more about this exceptional investment opportunity.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2000
Total area
50,536 SF
Lot
5.15 ac (224,334 SF)
Zoning code
OI
APN
12 284008030319
UPID
US22-1489687
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
AlpharettaZen Real Estate Expert Advisors Real Estate Agency
-
Maria Licata Real Estate Agency
-
Law Offices of Miller & Chaet, PC Law Firm
-
RE/MAX Around Atlanta - ALPHARETTA Real Estate Agency
-
Donald Langenbeck Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Parkway Building Owner LLC · 4 yrs held
Parkway Building Owner LLC
since 2021
Last sale
$53.0M
5 recorded transactions
Zoning & alternative use
OI · Alpharetta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Alpharetta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alpharetta submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$129,544
Tax year 2023
Assessed value
$4,148,600
Assessed 2023
Previous assessed
$3,902,000
+6.3% YoY
Effective rate
3.12%
On assessed value
Assessed land
$556,200
Assessed improvement
$3,592,400
Land market value
$1,390,500
Improvement market value
$8,981,000
Total market value
$10,371,500
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2000
Heating
YES
Cooling
YES
Stories
1
Total area
50,536 SF
Lot
5.15 ac (224,334 SF)
Zoning code
OI
APN
12 284008030319
UPID
US22-1489687
Jurisdiction
FULTON
Zoning & alternative use
OI · Alpharetta, GA
Zoning OI · permitted uses
OI · Alpharetta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alpharetta. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2000
Heating
YES
Cooling
Yes
Stories
1
Lot
5.15 ac
Current owner
From public records · entity-resolved
Parkway Building Owner LLC
Entity
Free & Clear · 4 yrs held
Mailing address
52 VANDERBILT AVE RM #1000, NEW YORK, NY 10017-3841
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2021
$53,000,000
Parkway Building Owner LLC
Velocis Parkway LP
Limited Warranty Deed
—
Nov 28, 2017
$39,585,000
Velocis Parkway LP
Wbcmt 2007-c31 Amberpark Offic
Grant Deed
$28,275,000 · Jp Morgan Chase Bk
Oct 2, 2017
$24,500,000
Wbcmt 2007-c31 Amberpark Offic
Nnn Parkway 400 LLC
Trustees Deed
related
—
Apr 1, 2014
$24,500,000
Wbcmt 2007-c31 Amberpark LP
Nnn Parkway 400 LLC
Trustees Deed
related
—
Jan 4, 2013
$20,240,997
Wbcmt 2007-c31 Amberpark LP
Nnn Parkway 400 LLC
Trustees Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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