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

    610 Colonial Park Dr Roswell, GA 30075

    • Office buildings
    • 3,800 SF
    • 0.28 lot acres
    For Lease
    View listing
    $21 SF/Yr
    Last Sale
    Feb 19, 2025
    Value Estimations
    $385,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1835526
    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

    • Celerant Technology / Software Company
    • FedEx Drop Box / Shipping Service / Shipping And Mailing Service

    Property Details for 610 Colonial Park Dr

    Year built
    1987
    Construction
    WOOD
    Lot size
    0.28 lot acres
    Property size
    3,800 SF
    Zone code
    OP
    Property type
    Office buildings
    APN
    12 209104660735
    APU
    12209104660735

    Description

    This exceptional two-story office building, totaling 3,998 square feet, presents a fantastic opportunity for businesses seeking a well-maintained space in a thriving Roswell location. Built in 1987 and boasting a classic brick colonial design, the property is situated on a 0.28-acre lot at 610 Colonial Park Drive, Roswell, GA 30075. The building features four individual suites, ideal for multiple tenants or a single occupant seeking ample space. The property is zoned OP and has a total of 15 parking spaces available for tenants and visitors. While there are no elevators, the two-story design offers convenient access to all suites. Recent renovations have incorporated numerous modern upgrades, enhancing both functionality and aesthetics. Its strategic location at the intersection of Holcomb Bridge Road and Grimes Bridge Road provides easy access to a wide array of amenities, including restaurants, banks, retail shops, and shopping centers. The property's proximity to Historic Roswell and Georgia 400 further enhances its appeal and accessibility. This meticulously maintained building is perfect for a variety of professional uses, including medical practices (chiropractors, therapists), legal offices, or general office spaces. The property's attractive features and convenient location make it an ideal investment for businesses seeking a prestigious and functional workspace in the heart of Roswell. The APN is 12-2091-0466-073-5.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $385,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Roswell
    County
    Fulton
    State
    Georgia
    Longitude
    -84.3433
    Latitude
    34.0329
    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
    $4,448
    $68,880
    $88,720
    $157,600
    -
    $172,200
    $221,800
    $394,000

    Comparable in this City

    • Value Estimation
      $910,000
      5,040 SF

      545 Colonial Park Dr

      OFFICE BUILDING (MULTI-STORY) • 5,040 SF
      545 Colonial Park Dr, Roswell, GA 30075-4291
      View Details
    • Value Estimation by Request
      5,040 SF

      10882 Crabapple Rd

      OFFICE BUILDING (MULTI-STORY) • 5,040 SF
      10882 Crabapple Rd, Roswell, GA 30075-5829
      View Details
    • Value Estimation
      $935,000
      5,040 SF

      10884 Crabapple Rd

      OFFICE BUILDING (MULTI-STORY) • 5,040 SF
      10884 Crabapple Rd, Roswell, GA 30075-3091
      View Details
    • Value Estimation
      $395,000
      4,000 SF

      11050 Crabapple Rd

      OFFICE BUILDING (MULTI-STORY) • 4,000 SF
      11050 Crabapple Rd, Roswell, GA 30075-2489
      View Details
    • Value Estimation by Request
      4,296 SF

      210 Crossville Rd

      OFFICE BUILDING (MULTI-STORY) • 4,296 SF
      210 Crossville Rd, Roswell, GA 30075-2906
      View Details
    • Value Estimation
      $1,215,000
      5,171 SF

      400 Market Pl

      OFFICE BUILDING (MULTI-STORY) • 5,171 SF
      400 Market Pl, Roswell, GA 30075-3909
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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    • $220,000
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      Roswell Office Suite for Sale

      980 sq ft, 6 offices, updated
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    • $575,000
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      Roswell Office Condo Investment

      Prime Roswell location, high cash flow.
      1160 Grimes Bridge Rd, Roswell, GA 30075
      View Details
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      Roswell Office Building - High Traffic Area

      Prime Roswell location, high visibility, 1820 sq ft.
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    Similar Nearby for Lease

    • Contact for pricing
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    • Contact for pricing
      200,242 SF

      Roswell Crossing Executive Suites

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      View Details
    • $31 SF/Yr
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      Roswell Retail Space for Lease

      High-visibility retail in Downtown Roswell.
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      View Details
    • $21 SF/Yr
      3,998 SF

      Roswell Office Building - 4 Suites

      Prime Roswell location, 4 suites available, modern upgrades.
      610 Colonial Park Dr, Roswell, GA 30075
      View Details
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    Roswell, GA 30075
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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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