Sign Up Successful!
You now have access to more from Realmo!
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

    41 Milton Ave Alpharetta, GA 30009-1570

    • Retail space
    • 8,045 SF
    • 0.13 lot acres
    OFF-MARKET
    Last Sale
    Jun 30, 2020
    $40,000
    Value Estimations
    $105,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-4204976
    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 Psychological Services: Pursley Carol Cox MD / Psychologist
    • Aria Salon, Alpharetta / Hair Salon / Store
    • Defiant Photography / Wedding Photographer / Real Estate Photographer

    Property Details for 41 Milton Ave

    Year built
    1950
    Construction
    WOOD
    Lot size
    0.13 lot acres
    Property size
    8,045 SF
    Zone code
    C2
    Property type
    Retail space
    APN
    22 482512690078
    APU
    22482512690078

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $105,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Alpharetta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.2959
    Latitude
    34.0759
    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
    $5,745
    $90,160
    $113,360
    $203,520
    -
    $225,400
    $283,400
    $508,800

    Comparable in this City

    • Value Estimation
      $390,000
      7,614 SF

      405 Broad St

      RETAIL STORES (PERSONAL SERVICES) • 7,614 SF
      405 Broad St, Alpharetta, GA 30009-0255
      View Details
    • Value Estimation
      $1,860,000
      756 SF

      71 Main St

      RETAIL STORES (PERSONAL SERVICES) • 756 SF
      71 Main St, Alpharetta, GA 30009
      View Details
    • Value Estimation
      $185,000
      2,100 SF

      28 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,100 SF
      28 Main St, Alpharetta, GA 30009-3621
      View Details
    • Value Estimation
      $370,000
      18,788 SF

      10 Old Roswell St

      RETAIL STORES (PERSONAL SERVICES) • 18,788 SF
      10 Old Roswell St, Alpharetta, GA 30009
      View Details
    • Value Estimation by Request
      12,090 SF

      Fulton Industr Blvd

      RETAIL STORES (PERSONAL SERVICES) • 12,090 SF
      Fulton Industr Blvd, Alpharetta, GA 30009
      View Details
    • Value Estimation
      $575,000
      19,057 SF

      488 Main St

      RETAIL STORES (PERSONAL SERVICES) • 19,057 SF
      488 Main St, Alpharetta, GA 30009-2386
      View Details

    Similar Nearby for Sale

    • $475,000

      Alpharetta Ranch Condo with Upgrades

      Updated 3-bedroom condo near Downtown Alpharetta with community amenities.
      3102 Windrush Ln, Alpharetta, GA 30009
      View Details
    • Contact for pricing

      Alpharetta Specialty Property for Sale

      Specialty property available for purchase in Alpharetta, Georgia.
      221 Roswell St, Alpharetta, GA 30009
      View Details
    • $475,000
      1,485 SF

      Alpharetta Garden District Ranch Condo

      Low-maintenance living near Downtown Alpharetta with updated features and community amenities.
      3102 Windrush Ln, Alpharetta, GA 30009
      View Details
    • $2,100,000
      3,128 SF

      Alpharetta Office Building For Sale

      3,128 SF newly renovated office building in downtown Alpharetta.
      145 North Main St, Alpharetta, GA 30009
      View Details
    • $598,800
      0.20 Acres

      Alpharetta Duplex: Investment Opportunity

      Duplex in Alpharetta, GA with new roof and concrete siding.
      1120 Rappahannock Dr, Alpharetta, GA 30009
      View Details
    • New
      $399,000
      1,134 SF

      Downtown Alpharetta Office Condo

      Modern 1,134 SF office condo in downtown Alpharetta, GA.
      1100 Powers Pl, Alpharetta, GA 30009
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,600 SF

      Downtown Alpharetta Mixed-Use Property

      Retail and office spaces available in downtown Alpharetta.
      126 North Main St, Alpharetta, GA 30009
      View Details
    • Contact for pricing
      105,615 SF

      Stonewood Village Retail Spaces

      Alpharetta retail center, multiple spaces available.
      670 Main St, Alpharetta, GA 30009
      View Details
    • Contact for pricing
      4,627 SF

      Retail Space on Mansell Road

      Retail property with signalized access on Mansell Road.
      1605 Mansell Rd, Alpharetta, GA 30009
      View Details
    • $25 SF/Yr
      6,636 SF

      Alpharetta Office Space Available

      Downtown Alpharetta office, renovated 2023.
      290 Main St, Alpharetta, GA 30009
      View Details
    • Contact for pricing
      103,892 SF

      Available Warehouse and Office Space

      52,000 SF warehouse and office space available for lease.
      11820 Wills Rd, Alpharetta, GA 30009
      View Details
    • Contact for pricing
      2,238 SF

      Amenity-Rich Alpharetta Corporate Campus

      Class A office space in a mixed-use campus.
      2475 Northwinds Pkwy, Alpharetta, GA 30009
      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.
    41 Milton Ave
    Alpharetta, GA 30009-1570
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.