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    2855 Marconi Dr Alpharetta, GA 30022
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    Property profile & analytics

    2855 Marconi Dr, Alpharetta, GA 30022

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    • Investment properties
    • 46,323 SF
    • 4.30 lot acres
    For Lease
    $15 SF/Yr
    View Listing →
    Former Brewery Space Available For Lease
    $15 SF/Yr
    30,000 SF

    Former Brewery Space Available

    10,000-30,000 SF available for lease, Alpharetta.

    2855 Marconi Drive, Alpharetta, GA 30022
    View Listing
    Property ID
    US22-1106096
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Marconi Forest 300 Partners / Apartment Building
    • Jekyll Brewing / Production Facility / Brewery & Distillery
    • Clyde Brigman / Real Estate Agency
    • Excalibur Homes LLC / Property Management Company / Property Investment Company
    • The Ledermeier Group / Real Estate Agency

    Property Details for 2855 Marconi Dr

    Year built
    2000
    Lot size
    4.30 lot acres
    Zone code
    CUP
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    21 553011140310
    APU
    21553011140310

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Alpharetta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.2475
    Latitude
    34.0861
    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
    $56,062
    $752,520
    $1,233,680
    $1,986,200
    -
    $1,881,300
    $3,084,200
    $4,965,500

    Comparable in this City

    • Value Estimation
      $7,480,000
      131,418 SF

      4955 Marconi Dr

      OFFICE/RESIDENTIAL (MIXED USE)
      4955 Marconi Dr, Alpharetta, GA 30005-8894
      View Details
    • Value Estimation
      $3,660,000
      26,515 SF

      1600 Un Hl Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      1600 Un Hl Rd, Alpharetta, GA 30005-2068
      View Details
    • Value Estimation by Request
      2,072 SF

      4455 State Brg Way

      OFFICE/RESIDENTIAL (MIXED USE)
      4455 State Brg Way, Alpharetta, GA 30005-4445
      View Details
    • Value Estimation
      $7,435,000
      59,766 SF

      4900 Marconi Dr

      OFFICE/RESIDENTIAL (MIXED USE)
      4900 Marconi Dr, Alpharetta, GA 30005-2033
      View Details
    • Value Estimation
      $6,170,000
      50,980 SF

      110 Nobel Ct

      OFFICE/RESIDENTIAL (MIXED USE)
      110 Nobel Ct, Alpharetta, GA 30005-4161
      View Details
    • Value Estimation
      $13,685,000
      74,393 SF

      12655 Edison Dr

      OFFICE/RESIDENTIAL (MIXED USE)
      12655 Edison Dr, Alpharetta, GA 30005-3898
      View Details

    Similar Nearby for Sale

    • $5,900,000
      21,000 SF

      Alpharetta Commercial Building on Corner Lot

      21,000 sq ft building on almost 3 acres.
      5000 Mcginnis Ferry Rd, Alpharetta, GA 30005
      View Details
    • New
      $5,900,000
      21,000 SF

      Alpharetta Commercial Building on Corner Lot

      21,000 sq ft building on almost 3 acres.
      5000 Mcginnis Ferry Rd, Alpharetta, GA 30005
      View Details
    • Contact for pricing
      1,191 SF

      Mixed-Use Property in Alpharetta

      Mixed-use property with 1191 square feet available for sale.
      12410 Morris Road Ext, Alpharetta, GA 30005
      View Details
    • $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
    • Contact for pricing
      2,400 SF

      Spacious Mixed-Use Property Available

      Two-story office/mixed-use property with flexible space and recent upgrades.
      100 Prospect Pl, 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

    Similar Nearby for Lease

    • Contact for pricing

      Windward Business Center Lease Opportunity

      21,000 sq ft building on 2.66 acres for lease.
      5000 Mcginnis Ferry Rd, Alpharetta, GA 30005
      View Details
    • Contact for pricing

      North Fulton Office Sublease Available

      Suburban office campus near North Point Mall and GA 400.
      3655 N Point Pkwy, Alpharetta, GA 30005
      View Details
    • Contact for pricing
      3,985 SF

      Alpharetta Flex Space Available

      3985 SF flex space with dock and drive-in doors.
      5935 Shiloh Rd E, 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

      Former Restaurant Space Available

      Former Subway restaurant space available for rent.
      6195 Windward Pkwy, Alpharetta, GA 30005
      View Details
    View Listing
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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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    2855 Marconi Dr, Alpharetta, GA, 30022
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