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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3665 Old Milton Pkwy Alpharetta, GA 30005-2406

    • Retail space
    • 8,740 SF
    • 0.83 lot acres
    OFF-MARKET
    Value Estimations
    $1,600,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1804916
    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

    • InMotion Personal Fitness / Personal Trainer
    • Premier Internal Medicine of Alpharetta - Primary Care - Dr. Kira Colbert, MD / Internist
    • RevvFitness Personal Training / Personal Trainer
    • Vito's Pizza & Ristorante / Italian Restaurant
    • Tiff's Treats Cookie Delivery / Delivery Service / Dessert Shop

    Property Details for 3665 Old Milton Pkwy

    Year built
    2003
    Construction
    WOOD
    Lot size
    0.83 lot acres
    Property size
    8,740 SF
    Zone code
    C2
    Property type
    Retail space
    APN
    11 002000030323
    APU
    11002000030323

    Description

    Aspen Station offers a prime medical office opportunity in Alpharetta, Georgia. This 8,550 square foot multi-tenant building boasts 2,550 square feet of immediately available space, perfect for a variety of medical or professional services. Strategically located on a high-traffic road with excellent visibility from Old Milton Parkway, the property enjoys exceptional exposure to potential clients. Its convenient location between two Publix-anchored shopping centers ensures high foot traffic and a strong customer base. Nearby amenities include Dunkin' Donuts, McDonald's, Smoothie King, and a Whole Foods, providing added convenience for both tenants and their clients. Easy access to major thoroughfares like Route 19 and GA-400 enhances accessibility for patients and employees. The building's location within Alpharetta, a thriving business hub in Metro Atlanta, guarantees a strong pool of potential clientele and a desirable work environment. This is an exceptional opportunity to establish or expand your practice in a vibrant and accessible location. The property is classified as Retail and Office, specifically a Neighborhood Center, and is ideal for professional services, medical offices, or retail businesses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,870,000
      6.5%
      $1,725,000
      7%
      $1,605,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,000,000
      Market price range: $292k - $1.67M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $2,545,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Alpharetta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.2522
    Latitude
    34.0637
    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
    $21,919
    $263,280
    $513,280
    $776,560
    -
    $658,200
    $1,283,200
    $1,941,400

    Comparable in this City

    • Value Estimation
      $1,195,000
      8,520 SF

      11670 Jones Brg Rd

      RETAIL STORES (PERSONAL SERVICES) • 8,520 SF
      11670 Jones Brg Rd, Johns Creek, GA 30005-2540
      View Details
    • Value Estimation
      $2,780,000
      24,522 SF

      4000 Old Milton Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 24,522 SF
      4000 Old Milton Pkwy, Alpharetta, GA 30005-4514
      View Details
    • Value Estimation
      $6,720,000
      63,372 SF

      5815 Windward Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 63,372 SF
      5815 Windward Pkwy, Alpharetta, GA 30005-4202
      View Details
    • Value Estimation
      $4,485,000
      18,227 SF

      6195 Windward Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 18,227 SF
      6195 Windward Pkwy, Alpharetta, GA 30005-5217
      View Details
    • Value Estimation
      $2,035,000
      10,000 SF

      11890 Douglas Rd

      RETAIL STORES (PERSONAL SERVICES) • 10,000 SF
      11890 Douglas Rd, Johns Creek, GA 30005-4337
      View Details
    • Value Estimation
      $8,375,000
      17,091 SF

      11875 Jones Brg Rd

      RETAIL STORES (PERSONAL SERVICES) • 17,091 SF
      11875 Jones Brg Rd, Johns Creek, GA 30005-5043
      View Details

    Similar Nearby for Sale

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      Alpharetta Retail Center - Lease Option

      High-traffic corner location, 9,078 sqft, 1.53 acres
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    • $2,550,000

      Turn-Key Auto Repair Business Opportunity

      Established auto repair business with high visibility and excellent reputation.
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    • New
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    • Contact for pricing
      3.02 Acres

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      Prime Alpharetta industrial land, convenient location.
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    Similar Nearby for Lease

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      Alpharetta Retail Space Available

      Retail spaces available in affluent Alpharetta, high traffic location.
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      View Details
    • Contact for pricing
      1,654 SF

      Retail Space in Alpharetta Suburb

      Retail property in Alpharetta with high visibility and ample parking.
      3710 Old Milton Pkwy, Alpharetta, GA 30005
      View Details
    • Contact for pricing
      37,209 SF

      Alpharetta Retail Space For Lease

      Prime Alpharetta location, multiple spaces available.
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    Alpharetta, GA 30005-2406
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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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