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    12640 Crabapple Rd Alpharetta, GA 30004-4659
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    Property profile & analytics

    12640 Crabapple Rd Alpharetta, GA 30004-4659

    View on Map
    • Office buildings
    • 19,716 SF
    • 0.35 lot acres
    Off-Market
    Property ID
    US22-3615920
    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
    $3,435,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Carson Wealth / Financial Advisor
    • PT Solutions of Crabapple / Physician
    • AR Workshop Milton / Wood Working Class / Art Studio
    • HORSEPOWER FITNESS / Gym & Fitness Center
    • Nettuno Wealth Management / Financial Advisor

    Property Details for 12640 Crabapple Rd

    Year built
    2017
    Lot size
    0.35 lot acres
    Property size
    19,716 SF
    Zone code
    MIX
    Property type
    Office buildings
    APN
    22 400111350357
    APU
    22400111350357

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,695,000
      6.5%
      $4,335,000
      7%
      $4,025,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,378,000
      Market price range: $2.28M - $4.35M
      AI Estimate
      $2,586,000
      Market price range: $1.39M - $3.26M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,110,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Alpharetta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.3422
    Latitude
    34.0897
    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
    $41,210
    $194,480
    $1,265,520
    $1,460,000
    -
    $486,200
    $3,163,800
    $3,650,000

    Comparable in this City

    • Value Estimation
      $3,045,000
      26,480 SF

      3300 Heritage Walk

      OFFICE BUILDING (MULTI-STORY) • 26,480 SF
      3300 Heritage Walk, Milton, GA 30004-7595
      View Details
    • Value Estimation
      $11,100,000
      64,904 SF

      2580 Westside Pkwy

      OFFICE BUILDING (MULTI-STORY) • 64,904 SF
      2580 Westside Pkwy, Alpharetta, GA 30004-7426
      View Details
    • Value Estimation
      $1,565,000
      8,155 SF

      4855 Windward Pkwy

      OFFICE BUILDING (MULTI-STORY) • 8,155 SF
      4855 Windward Pkwy, Milton, GA 30004-8607
      View Details
    • Value Estimation by Request
      2,875 SF

      12220 Birmingham Hwy

      OFFICE BUILDING (MULTI-STORY) • 2,875 SF
      12220 Birmingham Hwy, Alpharetta, GA 30004-4186
      View Details
    • Value Estimation
      $635,000
      4,950 SF

      12220 Birmingham Hwy

      OFFICE BUILDING (MULTI-STORY) • 4,950 SF
      12220 Birmingham Hwy, Milton, GA 30004-4186
      View Details
    • Value Estimation
      $555,000
      4,274 SF

      12220 Birmingham Hwy

      OFFICE BUILDING (MULTI-STORY) • 4,274 SF
      12220 Birmingham Hwy, Alpharetta, GA 30004-4186
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,897 SF

      Alpharetta Office Building For Sale

      Single tenant office building in Bluegrass Lakes Development.
      1350 Bluegrass Lakes Pkwy, Alpharetta, GA 30004
      View Details
    • Contact for pricing
      14,000 SF

      Alpharetta Industrial/Flex Facility For Sale

      14,000 SF industrial/flex facility with warehouse and office space.
      1825 Grassland Pkwy, Alpharetta, GA 30004
      View Details
    • $745,000

      Alpharetta Office Space For Sale

      Modern office space in a desirable Alpharetta location.
      1740 Grassland Pkwy, Alpharetta, GA 30004
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    Similar Nearby for Lease

    • Contact for pricing

      Class A Office Building

      Efficient floorplates, unparalleled access, close to amenities and transportation.
      2550 Northwinds Pkwy, Alpharetta, GA 30004
      View Details
    • Contact for pricing

      The Hub at Deerfield Campus

      Three-building office campus near GA-400 and Windward Parkway.
      13000 Deerfield Pkwy, Milton, GA 30004
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    • Contact for pricing

      Renovated Office Campus for Lease

      Three-building office campus with recent renovations and convenient location.
      13000 Deerfield Pkwy, Milton, GA 30004
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    • Contact for pricing

      Alpharetta Office Space Available

      Office space available for lease in Alpharetta, Georgia.
      2555 Westside Pkwy, Alpharetta, GA 30004
      View Details
    • Contact for pricing

      Office/Warehouse Space For Lease

      Small office and warehouse space available for lease.
      4255 Trotters Way, Alpharetta, GA 30004
      View Details
    • Contact for pricing

      Office Space in Alpharetta, GA

      Office space available for rent in Alpharetta, Georgia.
      2001 Westside Pkwy, Alpharetta, GA 30004
      View Details
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    12640 Crabapple Rd
    Alpharetta, GA 30004-4659
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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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