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

    950 North Point Pkwy, Unit 200 Alpharetta, GA 30005

    • Office buildings
    • 33,000 SF
    • 3.45 lot acres
    For Lease
    View listing
    $24 SF/Yr
    Last Sale
    Dec 31, 2024
    $6,000,000
    Value Estimations
    $5,975,000
    Cap Rate Potential
    7.9%
    Office buildings
    Location Intelligence
    Property ID
    US22-0692965
    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

    • Smilescapes Dentistry / Dentist
    • Marshall & Bollwerk Engineering, Inc. / Mechanical Engineer
    • North Point Surgery Center / Plastic Surgery Clinic / Surgical Center
    • RestorePoint / Data Recovery Service
    • Robb Facial Plastic Surgery - Dr. Philip K. Robb Jr. / Cosmetic Surgeon / Plastic Surgeon

    Property Details for 950 North Point Pkwy

    Year built
    1997
    Lot size
    3.45 lot acres
    Property size
    33,000 SF
    Zone code
    CUP
    Property type
    Office buildings
    APN
    22 546012600678
    APU
    22546012600678

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,000,000
      ML approach
      $6,000,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $7,855,000
      6.5%
      $7,250,000
      7%
      $6,735,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,562,000
      Market price range: $3.70M - $8.45M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $5,710,000
      Current use
      AUTO REPAIR, GARAGE
      $9,620,000
      Change: +68% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Alpharetta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.2598
    Latitude
    34.0797
    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
    $49,932
    $603,760
    $1,165,240
    $1,769,000
    -
    $1,509,400
    $2,913,100
    $4,422,500

    Comparable in this City

    • Value Estimation
      $1,345,000
      132,427 SF

      6000 Windward Pkwy

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 132,427 SF
      6000 Windward Pkwy, Alpharetta, GA 30005-4181
      View Details
    • Value Estimation
      $1,280,000
      255,201 SF

      1000 Windward Concourse

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 255,201 SF
      1000 Windward Concourse, Alpharetta, GA 30005-2052
      View Details
    • Value Estimation
      $5,075,000
      31,284 SF

      5780 Windward Pkwy

      OFFICE BUILDING (MULTI-STORY) • 31,284 SF
      5780 Windward Pkwy, Alpharetta, GA 30005-5206
      View Details
    • Value Estimation
      $1,390,000
      51,844 SF

      6120 Windward Pkwy

      OFFICE BUILDING (MULTI-STORY) • 51,844 SF
      6120 Windward Pkwy, Alpharetta, GA 30005-8809
      View Details
    • Value Estimation
      $1,295,000
      201,400 SF

      5800 Windward Pkwy

      OFFICE BUILDING (MULTI-STORY) • 201,400 SF
      5800 Windward Pkwy, Alpharetta, GA 30005-8802
      View Details
    • Value Estimation
      $1,310,000
      106,556 SF

      3 Edison Dr

      OFFICE BUILDING • 106,556 SF
      3 Edison Dr, Alpharetta, GA 30005-3912
      View Details

    Similar Nearby for Sale

    • $5,950,000
      21,000 SF

      Alpharetta Mixed-Use Building

      21,000 sq ft building on 2.66 acres.
      5000 Mcginnis Ferry Rd, Alpharetta, GA 30005
      View Details
    • $5,950,000
      21,000 SF

      Alpharetta Commercial Building on Corner

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    • $799,000
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      Alpharetta Mixed-Use Investment Opportunity

      Prime Alpharetta location, 1.27 acres, $799,000.
      12410 Morris Rd, Alpharetta, GA 30005
      View Details
    • $3,000,000
      13,460 SF

      Alpharetta Class A Office Building

      Prime Alpharetta location, 13,460 SF, vacant.
      6505 Shiloh Rd, Alpharetta, GA 30005
      View Details
    • Contact for pricing
      60,951 SF

      Alpharetta Office Building Investment

      60,951 SF Office, Owner/User Opportunity
      6455 Shiloh Rd, Alpharetta, GA 30005
      View Details
    • $550,000
      Pending

      Alpharetta Office/Warehouse Space Available

      Versatile 2,400 SF office/warehouse in Alpharetta, GA for sale.
      6535 Shiloh Rd, Alpharetta, GA 30005
      View Details

    Similar Nearby for Lease

    • $27 SF/Yr
      15,993 SF

      Class A Office Campus

      Two-building office campus with GA 400 exposure and signage.
      1720 Windward Concourse, Alpharetta, GA 30005
      View Details
    • Contact for pricing
      8,700 SF

      Alpharetta Executive Office Suites

      Furnished Offices, Prime Location, Flexible Lease
      5975 Shiloh Rd, Alpharetta, GA 30005
      View Details
    • $24 SF/Yr
      33,000 SF

      Alpharetta Office Space Available

      Office space available in Alpharetta near Avalon and GA 400.
      950 North Point Pkwy, Alpharetta, GA 30005
      View Details
    • Contact for pricing
      51,049 SF

      Alpharetta Medical Office Space

      Prime Medical Office Suites Available
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    • Contact for pricing
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      Alpharetta Executive Office Space

      Prime Alpharetta Office, 26,517 SF Available
      6445 Shiloh Rd, Alpharetta, GA 30005
      View Details
    • $29 SF/Yr
      86,100 SF

      Preston Ridge Commons II Offices

      Alpharetta, GA Office Suites Available
      3235 Point Pkwy, Alpharetta, GA 30005
      View Details
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    Alpharetta, GA 30005
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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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