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Property profile & analytics
OFF-MARKET
Estimated value
$19,495,000
Office buildings
3820 Mansell Rd Alpharetta, GA 30022-1535
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-0553924
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Office buildings
Use group
SKYSCRAPER/HIGH-RISE (COM OFFICES)
Year built
1999
Total area
128,100 SF
Lot
12.89 ac (561,488 SF)
Zoning code
OI
APN
12 274007390509
UPID
US22-0553924
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$22.99M
Blend (final)
Blend
$19.50M
Owner & transaction history
Gpc Land Holdings LLC · 1 yrs held
Gpc Land Holdings LLC
since 2025
Last sale
$15.1M
5 recorded transactions
Zoning & alternative use
OI · Alpharetta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Alpharetta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alpharetta submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$21,765,000
Current use
Blend value · Realmo final
$19.50M
Range $17.55M – $21.44M · ±10% · vs last sale $15.05M (Oct 2 2024)
Last sale anchor
$15.05M
Oct 2 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$152 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$251,097
Tax year 2023
Assessed value
$8,895,960
Assessed 2023
Previous assessed
$7,516,880
+18.3% YoY
Effective rate
2.82%
On assessed value
Assessed land
$1,080,040
Assessed improvement
$7,815,920
Land market value
$2,700,100
Improvement market value
$19,539,800
Total market value
$22,239,900
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
SKYSCRAPER/HIGH-RISE (COM OFFICES)
Status
Off-Market
Year built
1999
Heating
YES
Cooling
YES
Stories
1
Total area
128,100 SF
Lot
12.89 ac (561,488 SF)
Zoning code
OI
APN
12 274007390509
UPID
US22-0553924
Jurisdiction
FULTON
Zoning & alternative use
OI · Alpharetta, GA
Zoning OI · permitted uses
OI · Alpharetta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alpharetta. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$21.8M
OFFICE BUILDING Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Heating
YES
Cooling
Yes
Stories
1
Lot
12.89 ac
Current owner
From public records · entity-resolved
Gpc Land Holdings LLC
Entity
Free & Clear · 1 yrs held
Mailing address
290 S LA SALLE ST #1730, CHICAGO, IL 60604-1403
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2025
$5,838,318
Gpc Land Holdings LLC
Parkside Terraces Grove LLC
Deed
—
Jan 2, 2025
$15,050,000
Parkside Terraces Grove LLC
Parkside Terrace LLC
Warranty Deed
—
Apr 9, 2019
$48,104,000
Parkside Terrace LLC
Gpi Parkside LP
Grant Deed
related
$39,200,000 · Citizens Bk NA
Dec 8, 2011
$25,200,000
Gpi Parkside LP
Servco INC
Quit Claim Deed
related
—
Dec 30, 2010
$26,807,000
Servco INC
Two Liberty Square LLC
Trustees Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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