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

    735 Main St Alpharetta, GA 30009-2405

    • Strip malls
    • 32,990 SF
    • 7.10 lot acres
    OFF-MARKET
    Last Sale
    May 09, 2022
    $9,850,000
    Value Estimations
    $9,595,000
    Show details
    Cap Rate Potential
    5.6%
    Strip malls
    Location Intelligence
    Property ID
    US22-0580418
    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

    • Aunty's Kitchen / Indian Restaurant / South Indian Restaurant
    • Henderson Commons / Business Center
    • Salt n' Sauna Wellness / Wellness Center
    • Milton Medical Group - Savitha Shama MD / Medical Clinic / Internist
    • PT Solutions of Alpharetta / Physical Therapist / Physical Therapy Clinic

    Property Details for 735 Main St

    Year built
    2008
    Lot size
    7.10 lot acres
    Property size
    32,990 SF
    Zone code
    C1
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    22 512011220587
    APU
    22512011220587

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $9,510,000
      ML approach
      $9,170,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $8,835,000
      6.5%
      $8,155,000
      7%
      $7,575,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $10,840,000
      Current use
      COMMERCIAL (GENERAL)
      $11,720,000
      Change: +8% Conversion: Easy
      RETAIL STORES
      $10,305,000
      Change: -5% Conversion: Easy
      MEDICAL BUILDING
      $10,250,000
      Change: -5% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $9,615,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Alpharetta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.2841
    Latitude
    34.0912
    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
    $109,247
    $1,136,000
    $2,734,440
    $3,870,440
    -
    $2,840,000
    $6,836,100
    $9,676,100

    Comparable in this City

    • Value Estimation
      $4,040,000
      23,790 SF

      11525 Haynes Brg Rd

      SHOPPING CENTER, STRIP CENTER • 23,790 SF
      11525 Haynes Brg Rd, Alpharetta, GA 30009-4821
      View Details
    • Value Estimation
      $12,900,000
      85,445 SF

      11770 Haynes Brg Rd

      SHOPPING CENTER, STRIP CENTER • 85,445 SF
      11770 Haynes Brg Rd, Alpharetta, GA 30009-1966
      View Details
    • Value Estimation
      $1,060,000
      7,600 SF

      State Hwy

      SHOPPING CENTER, STRIP CENTER • 7,600 SF
      State Hwy, Alpharetta, GA 30009
      View Details
    • Value Estimation
      $820,000
      6,080 SF

      600 Main St

      SHOPPING CENTER, STRIP CENTER • 6,080 SF
      600 Main St, Alpharetta, GA 30009-2328
      View Details
    • Value Estimation
      $4,670,000
      37,540 SF

      631 Main St

      SHOPPING CENTER, STRIP CENTER • 37,540 SF
      631 Main St, Alpharetta, GA 30009-2364
      View Details
    • Value Estimation
      $655,000
      2,440 SF

      72 State Hwy 9th 9

      SHOPPING CENTER, STRIP CENTER • 2,440 SF
      72 State Hwy 9th 9, Alpharetta, GA 30009
      View Details

    Similar Nearby for Sale

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      1,485 SF

      Alpharetta Garden District Ranch Condo

      Low-maintenance living near Downtown Alpharetta with updated features and community amenities.
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    • $2,100,000
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      Alpharetta Office Building For Sale

      3,128 SF newly renovated office building in downtown Alpharetta.
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    • $399,000
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      Downtown Alpharetta Office Condo

      Modern 1,134 SF office condo in downtown Alpharetta, GA.
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    • $475,000

      Alpharetta Ranch Condo with Upgrades

      Updated 3-bedroom condo near Downtown Alpharetta with community amenities.
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    • Contact for pricing

      Alpharetta Specialty Property for Sale

      Specialty property available for purchase in Alpharetta, Georgia.
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    • $750,000
      1.27 Acres

      Alpharetta Commercial Land Investment

      1.267-acre commercial lot, prime Alpharetta location.
      11775 Haynes Bridge Rd, Alpharetta, GA 30009
      View Details

    Similar Nearby for Lease

    • 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
    • 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
    • $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

    Property Visit Statistics

    • Visits by month
      3.3k
    • Visitors by month
      2.6k
    • Avg Time on site
      21 min
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    735 Main St
    Alpharetta, GA 30009-2405
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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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