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Property profile & analytics
OFF-MARKET Estimated value $4,670,000
Strip malls

631 Main St Alpharetta, GA 30009-2364

37,540 SF 4.15 ac lot Built 2007
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US22-1309382
Property summary
AI-generated overview

Watercrest Village, located at 631 N Main St, Alpharetta, GA 30009, offers a unique investment opportunity in a thriving Fulton County location. This two-story, 180,774 square foot building, constructed in 2007, features four suites and currently has 5,640 square feet of vacant space available. The property is zoned C1 and sits on 4.15 acres of land. The building's diverse property type includes retail, office, and restaurant space, making it suitable for a variety of businesses. Its classification as both medical and executive office space caters to a broad range of professional tenants. The property benefits from its strategic location within a bustling commercial area, surrounded by major retailers such as Home Depot, Kroger, Walmart, Costco, and Lowe's, ensuring high visibility and convenient access for both employees and clients. The presence of nearby residential communities further enhances the property's appeal and potential for consistent occupancy. One available space of 1,200 square feet is currently available for lease. This property presents a compelling opportunity for businesses seeking a well-situated and versatile space in a high-demand Alpharetta location.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2007
Total area 37,540 SF
Lot 4.15 ac (180,774 SF)
Zoning code C1
APN 22 496011233297
UPID US22-1309382
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
  • Priyal Doshi Physician
  • The Picture Framer (Bike/Boat/Book/etc) Store Home Decor Store
  • Elite Pour La Vie Clothing & Fashion Store
  • Master Butcher Halal Meat Specialty Food Shop Butcher
  • Formah Brazilian Beauty Center - Alpharetta Medical Clinic Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.67M
Owner & transaction history
First Classic Homes INC
First Classic Homes INC
1 recorded transaction
1969
Price N/A
Zoning & alternative use
C1 · Alpharetta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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