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    Property profile & analytics

    855 Main St Alpharetta, GA 30009-2331

    • Warehouses
    • 13,671 SF
    • 3.70 lot acres
    OFF-MARKET
    Value Estimations
    $1,735,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-4643200
    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

    • Extra Space Storage / Storage Facility
    • Safe-Dry Carpet Cleaning of Alpharetta / Carpet Cleaning Service
    • American Landscaping Services / Landscaping / General Contractor

    Property Details for 855 Main St

    Year built
    2000
    Construction
    WOOD
    Lot size
    3.70 lot acres
    Property size
    13,671 SF
    Zone code
    C1
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    22 512011220678
    APU
    22512011220678

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,365,000
      6.5%
      $2,185,000
      7%
      $2,030,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,690,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Alpharetta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.2816
    Latitude
    34.0911
    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
    $59,085
    $998,960
    $1,094,320
    $2,093,280
    -
    $2,497,400
    $2,735,800
    $5,233,200

    Comparable in this City

    • Value Estimation
      $6,175,000
      74,175 SF

      622 Main St

      MINI-WAREHOUSE, STORAGE • 74,175 SF
      622 Main St, Alpharetta, GA 30009-2328
      View Details
    • Value Estimation
      $10,020,000
      139,080 SF

      11500 Davis Dr

      MINI-WAREHOUSE, STORAGE • 139,080 SF
      11500 Davis Dr, Alpharetta, GA 30009-4410
      View Details
    • Value Estimation
      $5,570,000
      70,200 SF

      11455 Maxwell Rd

      MINI-WAREHOUSE, STORAGE • 70,200 SF
      11455 Maxwell Rd, Alpharetta, GA 30009-4708
      View Details
    • Value Estimation
      $570,000
      4,640 SF

      11500 Fulton Industrial Blvd

      MINI-WAREHOUSE, STORAGE • 4,640 SF
      11500 Fulton Industrial Blvd, Alpharetta, GA 30009-4703
      View Details
    • Value Estimation
      $2,220,000
      18,000 SF

      632 Main St

      MINI-WAREHOUSE, STORAGE • 18,000 SF
      632 Main St, Milton, GA 30009-2328
      View Details
    • Value Estimation
      $4,240,000
      48,030 SF

      11600 Wills Rd

      WAREHOUSE, STORAGE • 48,030 SF
      11600 Wills Rd, Alpharetta, GA 30009-2074
      View Details

    Similar Nearby for Sale

    • $2,100,000

      Alpharetta Office Building For Sale

      3,128 SF newly renovated office building in downtown Alpharetta.
      145 North Main St, Alpharetta, GA 30009
      View Details
    • Contact for pricing

      Alpharetta Office Building For Sale

      3,128 SF newly renovated office building in downtown Alpharetta.
      145 North Main St, Alpharetta, GA 30009
      View Details
    • $699,000
      0.49 Acres

      Alpharetta Land in Prime Location

      Corner lot near Wills Park, build your dream home!
      1530 Rucker Rd, Alpharetta, GA 30009
      View Details
    • $339,999
      Pending

      Townhome Near Avalon and Downtown

      Luxury townhome near Avalon and Downtown Alpharetta with investment potential.
      2914 Webb Bridge Rd, Alpharetta, GA 30009
      View Details
    • New
      $543,000
      0.75 Acres

      Updated Duplex in Alpharetta, GA

      Updated duplex with large yard and storage, fully rented.
      1230 Hanover Pl, Alpharetta, GA 30009
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Available Flex Space For Lease

      52,000 SF flex space with office and warehouse components.
      11820 Wills Rd, Alpharetta, GA 30009
      View Details
    • $16 SF/Yr

      Office/Flex Building for Lease

      47,628 SF office/flex building with grade-level loading and ample parking.
      11390 Old Roswell Rd, 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
    • $28 SF/Yr
      152,586 SF

      Class A Office Sublease Available

      Move-in ready office space near GA-400 and Avalon.
      2300 Lakeview Pkwy, Alpharetta, GA 30009
      View Details
    • Contact for pricing
      1,621 SF

      Amenity-Rich Alpharetta Corporate Campus

      Class A office space in a self-contained campus community.
      2500 Northwinds Pkwy, Alpharetta, GA 30009
      View Details
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    855 Main St
    Alpharetta, GA 30009-2331
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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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