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

    6500 Pt Pkwy Alpharetta, GA 30022-4893

    • Strip malls
    • 367,876 SF
    • 41.40 lot acres
    OFF-MARKET
    Value Estimations
    $5,635,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0798402
    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

    • Dave & Buster's Alpharetta / Restaurant / Amusement Center
    • Nearby Storage Units -Alpharetta, GA / Self-Storage Facility

    Property Details for 6500 Pt Pkwy

    Year built
    1994
    Lot size
    41.40 lot acres
    Property size
    367,876 SF
    Zone code
    PSC
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    12 273007020363
    APU
    12273007020363

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Alpharetta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.2905
    Latitude
    34.0449
    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
    $0.00
    $11,178,000
    $15,822,000
    $27,000,000
    -
    $27,945,000
    $39,555,000
    $67,500,000

    Comparable in this City

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      18,303 SF

      10955 Jones Brg Rd

      SHOPPING CENTER, STRIP CENTER • 18,303 SF
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    • Value Estimation
      $5,120,000
      32,840 SF

      9775 Medlock Xing Pkwy

      SHOPPING CENTER, STRIP CENTER • 32,840 SF
      9775 Medlock Xing Pkwy, Alpharetta, GA 30022
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    • Value Estimation
      $8,740,000
      87,789 SF

      Holcomb Brg Rd

      SHOPPING CENTER, STRIP CENTER • 87,789 SF
      Holcomb Brg Rd, Alpharetta, GA 30022
      View Details
    • Value Estimation
      $1,550,000
      9,585 SF

      9950 Jones Brg Rd

      SHOPPING CENTER, STRIP CENTER • 9,585 SF
      9950 Jones Brg Rd, Johns Creek, GA 30022-6574
      View Details
    • Value Estimation by Request
      9,000 SF

      7131 Pt Pkwy

      SHOPPING CENTER, STRIP CENTER • 9,000 SF
      7131 Pt Pkwy, Alpharetta, GA 30022-8255
      View Details
    • Value Estimation
      $12,790,000
      99,779 SF

      8465 Holcomb Brg Rd

      SHOPPING CENTER, STRIP CENTER • 99,779 SF
      8465 Holcomb Brg Rd, Alpharetta, GA 30022-8530
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.77 Acres

      2375 Mansell Rd, Alpharetta, GA 30022

      Retail properties • 1.77 Acres
      2375 Mansell Rd, Alpharetta, GA 30022
      View Details
    • Contact for pricing

      NNN Leased Lazy Dog Restaurant

      20-year NNN lease with rental increases in affluent Alpharetta.
      10800 Haynes Bridge Rd, Alpharetta, GA 30022
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    • $470,000
      2,000 SF

      Move-in Ready Townhouse in Johns Creek

      Townhouse in gated community with pool, tennis, and clubhouse.
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    • $2,375,000
      46,590 SF

      Alpharetta Assisted Living Facility

      Prime Location, 59 Units, 46,590 sqft
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      2,600 SF

      Luxury Townhome in Gated Community

      Renovated 3-bedroom townhome with modern amenities in a secure community.
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    • $299,000
      0.81 Acres

      Residential Land in St. Regis

      0.813-acre lot in exclusive St. Regis Subdivision.
      280 Vidaulan Ct, Johns Creek, GA 30022
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,600 SF

      Alpharetta Retail Space For Lease

      Kroger-anchored shopping center in Alpharetta, Georgia with high visibility.
      3000 Haynes Bridge Rd, Alpharetta, GA 30022
      View Details
    • Contact for pricing
      1,307 SF

      Alpharetta Shopping Center Space Available

      36,105 SF shopping center in Alpharetta's North Point Parkway.
      970 North Point Dr, Alpharetta, GA 30022
      View Details
    • Contact for pricing
      106,396 SF

      North Bridges Retail Center

      Johns Creek, GA: Prime Retail Space Available
      10955 Jones Bridge Rd, Johns Creek, GA 30022
      View Details
    • Contact for pricing

      Alpharetta Retail Space For Rent

      Retail space available in a Publix-anchored shopping center.
      11585 Jones Bridge Rd, Alpharetta, GA 30022
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    • Contact for pricing

      Roswell Shopping Center Retail Opportunity

      106,143 SF shopping center with high traffic volume.
      2880 Holcomb Bridge Rd, Alpharetta, GA 30022
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    • Contact for pricing
      14,770 SF

      Retail Space Near Burlington

      Retail space available next to Burlington, near GA 400.
      7731 N Point Pkwy, Alpharetta, GA 30022
      View Details
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    6500 Pt Pkwy
    Alpharetta, GA 30022-4893
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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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