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    Property profile & analytics

    3820 Mansell Rd Alpharetta, GA 30022-1535

    • Office buildings
    • 128,100 SF
    • 12.89 lot acres
    OFF-MARKET
    Last Sale
    Oct 02, 2024
    $15,050,000
    Value Estimations
    $19,495,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0553924
    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

    • Trapeze Group / (Bike/Boat/Book/etc) Store / Corporate Office
    • Greenstone - A Cultura Company / (Bike/Boat/Book/etc) Store / Corporate Office
    • Datatrac Corporation / (Bike/Boat/Book/etc) Store / Corporate Office
    • Cultura Technologies Inc / (Bike/Boat/Book/etc) Store / Corporate Office
    • Metro Atlanta Financial Group / Insurance Agency

    Property Details for 3820 Mansell Rd

    Year built
    1999
    Lot size
    12.89 lot acres
    Property size
    128,100 SF
    Zone code
    OI
    Property type
    Office buildings
    APN
    12 274007390509
    APU
    12274007390509

    Description

    Parkside Terrace East, a Class A office building in Alpharetta, Georgia, offers exceptional executive office space for lease. Located at 3820 Mansell Rd, this five-story building boasts a total of 252,000 square feet, situated on a spacious 12.89-acre lot. The property is conveniently located in the N Fulton/Forsyth County submarket, within Fulton County, and features ample parking with a 4.00 parking ratio. Built in 1999, the building currently has 61,280 square feet of vacant space available for lease, offering multiple tenancy options. Spaces range from a minimum of 3,756 square feet to a maximum contiguous space of 24,799 square feet, providing flexibility for businesses of various sizes. This prime Alpharetta location offers easy access to major transportation routes and amenities. The property's modern design and convenient features make it an ideal location for discerning businesses seeking a prestigious address. Contact us today to learn more about leasing opportunities and explore the possibilities of establishing your business in this exceptional Alpharetta office building. Zip code: 30022.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $22,994,000
      Market price range: $15.7M - $31.5M
      AI Estimate
      $16,238,000
      Market price range: $12.0M - $20.2M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $21,765,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Alpharetta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.2912
    Latitude
    34.0394
    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
    $251,097
    $1,080,040
    $7,815,920
    $8,895,960
    -
    $2,700,100
    $19,539,800
    $22,239,900

    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

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      Alpharetta Commercial Building For Sale

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      Class A Office Building

      Mid-rise office building with excellent access and ample parking.
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      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

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    3820 Mansell Rd
    Alpharetta, GA 30022-1535
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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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