Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3155 Royal Dr Alpharetta, GA 30022-2475

    • Office buildings
    • 40,165 SF
    • 22.92 lot acres
    OFF-MARKET
    Value Estimations
    $8,345,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-4708568
    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.

    Current Use by Public Records

    • North Fulton Regional Health Center / Medical Clinic
    • Marrs Cynthia G / Registered General Nurse
    • Greensky / Bank / Credit Union
    • Road Side Atlanta Office / Auto Repair Shop
    • Arthur E. Ferdinand / Corporate Office

    Property Details for 3155 Royal Dr

    Year built
    1997
    Lot size
    22.92 lot acres
    Property size
    40,165 SF
    Zone code
    OI
    Property type
    Office buildings
    APN
    12 313009050727
    APU
    12313009050727

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $9,560,000
      6.5%
      $8,825,000
      7%
      $8,195,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,884,000
      Market price range: $4.91M - $9.88M
      AI Estimate
      $6,328,000
      Market price range: $3.76M - $6.33M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $6,825,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $13,195,000
      Change: +93% Conversion: Difficult
      RETAIL STORES
      $12,550,000
      Change: +84% Conversion: Moderate
      MEDICAL BUILDING
      $12,475,000
      Change: +83% Conversion: Easy
      AUTO REPAIR, GARAGE
      $11,705,000
      Change: +72% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Alpharetta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.2647
    Latitude
    34.0566
    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
    $131,307
    $1,985,480
    $2,666,520
    $4,652,000
    -
    $4,963,700
    $6,666,300
    $11,630,000

    Comparable in this City

    • 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
      $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
      $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
      $6,395,000
      55,238 SF

      4500 Mansell Rd

      OFFICE BUILDING (MULTI-STORY) • 55,238 SF
      4500 Mansell Rd, Alpharetta, GA 30022-8265
      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.
      8480 Holcomb Bridge Rd, Alpharetta, GA 30022
      View Details
    • Contact for pricing
      52,676 SF

      Class A Office Building

      Mid-rise office building with excellent access and ample parking.
      4555 Mansell Rd, Alpharetta, GA 30022
      View Details
    • $380,000

      Alpharetta Office Space for Sale

      Prime Alpharetta Office, 1900 SF
      11200 Atlantis Pl, Alpharetta, GA 30022
      View Details
    • Contact for pricing
      2,000 SF

      Move-in Ready Townhouse in Johns Creek

      Townhouse in gated community with pool, tennis, and clubhouse.
      10898 Gallier St, Johns Creek, GA 30022
      View Details
    • Contact for pricing

      NNN Leased Lazy Dog Restaurant

      20-year NNN lease with rental increases in affluent Alpharetta.
      10800 Haynes Bridge Rd, Alpharetta, GA 30022
      View Details
    • Contact for pricing
      1.77 Acres

      2375 Mansell Rd, Alpharetta, GA 30022

      Retail properties & Spaces • 1.77 Acres
      2375 Mansell Rd, Alpharetta, GA 30022
      View Details

    Similar Nearby for Lease

    • $2,400 /Mo
      14,000 SF

      Johns Creek Professional Office Building

      Move-in ready office and medical suites available for lease.
      4640 Valais Ct, Johns Creek, GA 30022
      View Details
    • $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
    • $13 SF/Yr
      70,011 SF

      Holcomb Bridge Business Center

      Alpharetta, GA Office/Industrial Space
      2658 Holcomb Bridge Rd, Alpharetta, GA 30022
      View Details
    • Contact for pricing
      16,400 SF

      North Point Parkway Office Suites

      Class A Office Space, Alpharetta, GA
      4000 Point Pkwy, Alpharetta, GA 30022
      View Details
    • $21 SF/Yr
      17,560 SF

      Alpharetta Executive Office Suites

      Prime Alpharetta Office Space: Flexible Options
      4555 Mansell Rd, Alpharetta, GA 30022
      View Details
    • $25 SF/Yr
      140,380 SF

      Alpharetta Office Space for Lease

      Class A Office, Multiple Suites Available
      4501 Point Pkwy, Alpharetta, GA 30022
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3155 Royal Dr
    Alpharetta, GA 30022-2475
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!