Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7855 N Point Pkwy Alpharetta, GA 30022
    Back to Search
    Property profile & analytics

    7855 N Point Pkwy, Alpharetta, GA 30022

    View on Map
    • Office buildings
    • 19,902 SF
    • 2.18 lot acres
    For Lease
    $4,215,000
    View Listing →
    Alpharetta Office or Retail Space For Lease
    $4,215,000
    2,000 SF

    Alpharetta Office or Retail Space

    Located off GA 400, suitable for office or retail.

    7855 N Point Pkwy, Alpharetta, GA
    View Listing
    Property ID
    US22-1820485
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • River's Edge Milton / General Contractor
    • Russo & Associates Harry Norman Realtors / Real Estate Agency
    • BROADWELL HOUSE / Condominium Complex
    • Harry Norman Realtors: Eve Jones / Real Estate Agency
    • Arthur Murray Dance Studio Alpharetta / Training Center

    Property Details for 7855 N Point Pkwy

    Year built
    1998
    Lot size
    2.18 lot acres
    Zone code
    OI
    Property type
    Office buildings
    APN
    12 250006370338
    APU
    12250006370338

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,740,000
      6.5%
      $4,375,000
      7%
      $4,060,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,465,000
      Market price range: $2.43M - $4.90M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,380,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $6,540,000
      Change: +93% Conversion: Difficult
      RETAIL STORES
      $6,220,000
      Change: +84% Conversion: Moderate
      MEDICAL BUILDING
      $6,185,000
      Change: +83% Conversion: Easy
      AUTO REPAIR, GARAGE
      $5,800,000
      Change: +72% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Alpharetta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.3067
    Latitude
    34.0393
    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
    $588,600
    $752,200
    $1,340,800
    -
    $1,471,500
    $1,880,500
    $3,352,000

    Comparable in this City

    • Value Estimation
      $7,315,000
      35,212 SF

      11610 Great Oaks Way

      OFFICE BUILDING
      11610 Great Oaks Way, Alpharetta, GA 30022-2418
      View Details
    • Value Estimation
      $3,120,000
      25,548 SF

      5865 Pt Pkwy

      OFFICE BUILDING (MULTI-STORY)
      5865 Pt Pkwy, Alpharetta, GA 30022-1168
      View Details
    • Value Estimation
      $19,525,000
      80,228 SF

      11650 Great Oaks Way

      SKYSCRAPER/HIGH-RISE (COM OFFICES)
      11650 Great Oaks Way, Alpharetta, GA 30022-2418
      View Details
    • Value Estimation
      $4,295,000
      25,660 SF

      3050 Royal S Blvd

      OFFICE BUILDING (MULTI-STORY)
      3050 Royal S Blvd, Alpharetta, GA 30022-4427
      View Details
    • Value Estimation
      $1,005,000
      4,200 SF

      11379 Southbridge Pkwy

      OFFICE BUILDING (MULTI-STORY)
      11379 Southbridge Pkwy, Alpharetta, GA 30022-4402
      View Details
    • Value Estimation
      $6,395,000
      55,238 SF

      4500 Mansell Rd

      OFFICE BUILDING (MULTI-STORY)
      4500 Mansell Rd, Alpharetta, GA 30022-8265
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Class A Office Building

      Mid-rise office building with excellent access and ample parking.
      4555 Mansell Rd, Alpharetta, GA 30022
      View Details
    • Contact for pricing
      9,042 SF

      Alpharetta Bank Branch Opportunity

      Freestanding 9,042 SF building on 1.89 acres for sale.
      10500 Old Alabama Rd, Alpharetta, GA 30022
      View Details
    • Contact for pricing

      Class A Office Building

      Mid-rise office building with excellent access to GA 400.
      4555 Mansell Rd, Alpharetta, GA 30022
      View Details
    • $2,500,000
      7,275 SF

      Alpharetta Commercial Building For Sale

      Well-maintained commercial building in Alpharetta, suitable for medical or office use.
      8480 Holcomb Bridge Rd, Alpharetta, GA 30022
      View Details
    • $999,900
      Pending

      5 Acre Estate Lot

      Estate lot with potential for remodeling or building a dream home.
      360 Ankonian Dr, Johns Creek, GA 30022
      View Details
    • $455,000

      Move-in Ready Townhouse in Johns Creek

      Townhouse in gated community with pool, tennis, and clubhouse.
      10898 Gallier St, Alpharetta, GA 30022
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Alpharetta Office/Medical Space for Lease

      Office/Medical building in Fulton County with excellent access and parking.
      3005 Royal Blvd South, Alpharetta, GA 30022
      View Details
    • $28 SF/Yr
      6,602 SF

      Class A Office Space

      LEED certified office in mixed-use corporate campus for rent.
      30000 Mill Creek Ave, Alpharetta, GA 30022
      View Details
    • Contact for pricing
      500,000 SF

      Planned Class A Office Space

      Planned 500,000 SF Class A office in Alpharetta.
      North Point Pkwy, Alpharetta, GA 30022
      View Details
    • Contact for pricing

      Class A Office Building

      Modern office space in Alpharetta's technology hub, move-in ready.
      3060 Kimball Bridge Rd, Alpharetta, GA 30022
      View Details
    • Contact for pricing

      Class A Office Development

      Class A office space with on-site amenities in Alpharetta, GA.
      100 North Point Ctr East, Alpharetta, GA 30022
      View Details
    View Listing
    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.
    7855 N Point Pkwy
    Alpharetta, GA 30022
    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

    Thank You for Inquiry
    7855 N Point Pkwy, Alpharetta, GA, 30022
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!