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1815 Hembree Rd Alpharetta, GA 30009-2049

OFF-MARKET Commercial real estate Google Maps
16,640 SF 0.38 ac lot Built 2008
Entity Owned 13-yr Hold ~ Est. High Equity
Estimated value (blended)
$495k
Range $446k – $545k (±10%)
Property ID US22-1778896

Property summary

AI-generated overview

This exceptional 1,040 square foot flex space is available for lease within a larger 14,400 square foot industrial building located at 1815 Hembree Road, Building 500, in the desirable North Fulton/Forsyth County submarket of Fulton County. The property, constructed in 2008, is classified as Class B and features a single story design. The building sits on a substantial 10.4-acre lot, providing ample space and potential for expansion. The available unit is part of a multi-tenant building, offering a collaborative environment. Parking is readily available with a ratio of approximately 2.93 spaces per 1,000 square feet. The property's flex space designation offers versatility, suitable for a range of businesses requiring a blend of office and warehouse or light industrial space. This prime location in North Fulton/Forsyth County provides excellent access to major transportation arteries, ensuring convenient commutes and efficient logistics. The 1,040 square foot space presents a unique opportunity for businesses seeking a functional and well-situated space to establish or expand their operations. The property is currently available for lease. Interested parties should inquire for further details and leasing terms.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL CONDOMINUIM
Year built 2008
Total area 16,640 SF
Lot 0.38 ac (16,422 SF)
Zoning code L1
APN 12 247006500369
UPID US22-1778896

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Dealership
  • Cafe & Coffee Shop Specialty Food Shop
  • Car Dealership
  • Car Dealership
  • Car Rental Facility

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.11M
Comparable Approach Comparable
$2.23M
Blend (final) Blend
$495k

Owner & transaction history

since 2012
4 recorded transactions
2018
Price N/A
2012
$2.9M
2012
$3.5M
1969
Price N/A

Zoning & alternative use

L1 · Alpharetta, GA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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