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    3975 Old Milton Pkwy Alpharetta, GA 30005-4467
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    Property profile & analytics

    3975 Old Milton Pkwy Alpharetta, GA 30005-4467

    View on Map
    • Strip malls
    • 7,253 SF
    • 1.11 lot acres
    Off-Market
    Property ID
    US22-1323068
    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
    $1,435,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Perfect Image Dental Associates / Dental Office
    • MyEyeDr. / Eye Care Center / Contact Lenses Supplier
    • Simon's Chinese Cuisine / Restaurant
    • David Wayland / Physician
    • Jennifer M. Jaikaran, OD / Physician

    Property Details for 3975 Old Milton Pkwy

    Year built
    2000
    Construction
    STEEL FRAME
    Lot size
    1.11 lot acres
    Property size
    7,253 SF
    Zone code
    C2
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    11 014000830784
    APU
    11014000830784

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,945,000
      6.5%
      $1,795,000
      7%
      $1,665,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,385,000
      Current use
      RETAIL STORES
      $2,265,000
      Change: -5% Conversion: Easy
      MEDICAL BUILDING
      $2,255,000
      Change: -5% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,115,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Alpharetta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.2447
    Latitude
    34.0608
    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
    $19,660
    $319,680
    $376,840
    $696,520
    -
    $799,200
    $942,100
    $1,741,300

    Comparable in this City

    • Value Estimation
      $11,580,000
      63,848 SF

      3070 Windward Plz

      SHOPPING CENTER, STRIP CENTER • 63,848 SF
      3070 Windward Plz, Alpharetta, GA 30005-8771
      View Details
    • Value Estimation
      $2,750,000
      17,500 SF

      1000 Abbotts Brg Rd

      SHOPPING CENTER, STRIP CENTER • 17,500 SF
      1000 Abbotts Brg Rd, Johns Creek, GA 30005
      View Details
    • Value Estimation
      $4,525,000
      8,410 SF

      11880 Douglas Rd

      SHOPPING CENTER, STRIP CENTER • 8,410 SF
      11880 Douglas Rd, Johns Creek, GA 30005-4510
      View Details
    • Value Estimation
      $6,965,000
      23,800 SF

      4075 Old Milton Pkwy

      SHOPPING CENTER, STRIP CENTER • 23,800 SF
      4075 Old Milton Pkwy, Alpharetta, GA 30005-4405
      View Details
    • Value Estimation
      $4,700,000
      41,965 SF

      11880 Douglas Rd

      SHOPPING CENTER, STRIP CENTER • 41,965 SF
      11880 Douglas Rd, Johns Creek, GA 30005-4510
      View Details
    • Value Estimation
      $2,540,000
      12,980 SF

      4620 Webb Brg Rd

      SHOPPING CENTER, STRIP CENTER • 12,980 SF
      4620 Webb Brg Rd, Johns Creek, GA 30005
      View Details

    Similar Nearby for Sale

    • $3,699,999
      Pending

      Retail Investment in Johns Creek

      Fully occupied retail center in prime Johns Creek location.
      11730 Jones Bridge Rd, Johns Creek, 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
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    • $3,495,000
      9,078 SF

      Alpharetta Retail Center - Lease Option

      High-traffic corner location, 9,078 sqft, 1.53 acres
      3655 Old Milton Pkwy, Alpharetta, GA 30005
      View Details
    • $2,380,952
      3,625 SF

      Alpharetta Starbucks Investment

      High-traffic, profitable Starbucks for sale.
      6197 Windward Pkwy, Alpharetta, GA 30005
      View Details
    • Contact for pricing
      3.02 Acres

      Alpharetta Industrial Land - 3.02 Acres

      Prime Alpharetta industrial land, convenient location.
      0 Shiloh Rd, 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

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space at Kimball Bridge

      Retail space available in Alpharetta shopping center.
      4620 Kimball Bridge Rd, Alpharetta, GA 30005
      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
      2,550 SF

      Retail Space in Alpharetta

      Retail space available in high-traffic Alpharetta location.
      3665 Old Milton Pkwy, Alpharetta, GA 30005
      View Details
    • 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

      Retail Space in Flynn Crossing

      Retail space for lease in Alpharetta, Atlanta metro area.
      5158-5238 Mcginnis Ferry Rd, Alpharetta, GA 30005
      View Details
    • Contact for pricing

      Retail Space on McGinnis Ferry

      Retail space with access via two curb cuts.
      5354 Mcginnis Ferry Rd, Alpharetta, GA 30005
      View Details
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    Alpharetta, GA 30005-4467
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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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