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    Johns Creek Healthcare/Assisted Living Facility Title is generated by Realmo AI

    5690 State Bridge Road, Johns Creek, GA 30022

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    Claim this Listing
    For Sale
    $9,500,000

    COMMERCIAL - Johns Creek, GA

    Property size:
    44,716 SF
    Lot size:
    1.92 Acres
    Price / SF:
    $212/SF
    Added:
    May 1, 2026
    Days on Market:
    23
    Last Refresh:
    May 23 at 1:06 pm

    Property Features for 5690 State Bridge Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Parking Lot
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    11 083002860644
    Size
    44,716 SF
    Lot size
    1.92 Acres

    Taxes and HOA fees

    Tax Year
    24
    Tax Annual Amount
    78042

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Wall Unit(s), Central Air
    Water source
    Public

    Building Details

    Year built
    1997
    Building materials
    Brick, Concrete, Frame, Stucco
    Roof type
    Composition

    We can help!

    Listing Contact
    Charlie Gonzalez
    Charlie Gonzalez

    Listing agent Charlie Gonzalez License #361032

    Listing office Keller Williams Realty First Atlanta 200 Glenridge Point Pkwy S-100, Atlanta, GA

    Listing date May 1, 2026

    MLS# 10761974

    Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location on highly trafficked State Bridge Road in Johns Creek.
    • Previously licensed for 59 beds with potential for up to 100 beds.
    • Suitable for healthcare, assisted living, behavioral health, rehabilitation, or specialty housing operators.
    • Excellent accessibility due to proximity to major transportation corridors.
    • Currently undergoing renovations, offering opportunity to customize.
    • Situated on an approximately 2‑acre campus with strong surrounding demographics.

    Overview

    Located along the highly trafficked State Bridge Road corridor in Johns Creek, 5690 State Bridge Road presents a unique opportunity for healthcare, assisted living, behavioral health, rehabilitation, or specialty housing operators. The property is a well-positioned facility in one of North Fulton's most affluent and rapidly growing submarkets. Historically operated as an assisted living facility, the property is situated on an approximately 1.92-acre campus. It was previously licensed for 59 beds, with the potential for additional bed capacity subject to licensing and regulatory approvals. The current ownership plans include pursuing licensing for up to 100 beds upon completion of the ongoing renovations. Strategically located near major transportation corridors including Medlock Bridge Road (GA-141), the property benefits from excellent accessibility, strong surrounding demographics, and proximity to established residential communities, medical providers, and supporting commercial amenities. The property is currently vacant and undergoing renovations, providing an opportunity for a new operator or owner-user to customize the facility to meet modern operational standards and market demands. The property size is 44716 square feet.

    Financial Insights

    Value Estimation Calculated for Apartment 5plus

    Conservative
    $6.67M
    NOI $600,716 @ 9.00% cap · cautious / downside scenario
    Moderate
    $8.58M
    NOI $600,716 @ 7.00% cap · market / base-case scenario
    Aggressive
    $12.01M
    NOI $600,716 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Apartment 5plus

    Component $ $/SF
    Gross rent $1.16M $26.04
    − Vacancy −$72.2k −$1.61
    EGI $1.09M $24.43
    − OpEx −$491.5k −$10.99
    NOI $600.7k $13.43
    44,716 SF · lease $26.04/SF/yr · vacancy 6.20% · expense 45.00%

    Alternative Use Scenarios

    Best Use
    Apartment 5plus
    $8.58M
    $7.51M – $10.01M (±1% cap)
    NOI $600,716 @ 7.0% cap · market cap 6.32%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $12.50M
    $10.94M – $14.58M (±1% cap)
    NOI $874,988 @ 7.0% cap · market cap 9.21%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Assisted living facilities

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Daycare Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Ivy Hall — 5835 Medlock Bridge Pkwy, Alpharetta, GA 30022
    • ST Ives Memory Care — 5835 Medlock Bridge Pkwy, Johns Creek, GA 30022

    Location Insight

    • Map
    • Local Demand
    City
    Johns Creek
    County
    Fulton
    State
    Georgia
    Longitude
    -84.1930451
    Latitude
    34.0196037

    Nearby Similar for Sale

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    • $5,299,999
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      Modern Retail Center on State Bridge

      New retail center in Johns Creek with national tenants.
      5855 State Bridge Road, Johns Creek, GA 30097
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    • $455,000
      2,000 SF

      Move-in Ready Townhouse in Johns Creek

      Townhouse in gated community with pool, tennis, and clubhouse.
      10898 Gallier Street, Johns Creek, GA 30022,
      View Details
    • Contact for pricing

      Medlock Bridge Road Property

      Property on Medlock Bridge Road in Johns Creek, Georgia.
      11030 & 11035 Medlock Bridge Road, Johns Creek, GA 30097
      View Details
    • Contact for pricing

      Medlock Bridge Parkway Property

      Property on Medlock Bridge Parkway in Johns Creek, Georgia.
      5825 Medlock Bridge Pkwy, Johns Creek, GA 30022
      View Details

    FAQs

    What type of property is this?
    Assisted living facility - Healthcare/assisted living facility in affluent Johns Creek submarket.
    Where is this assisted living facility located?
    The property is located at 5690 State Bridge Road Johns Creek, GA.
    What is the asking price?
    The asking price for this property is $9,500,000.
    What are key features of this property?
    This property features: Prime location on highly trafficked State Bridge Road in Johns Creek.; Previously licensed for 59 beds with potential for up to 100 beds.; Suitable for healthcare, assisted living, behavioral health, rehabilitation, or specialty housing operators.
    (404) 620-0325
    We can help!
    Listing Contact
    Charlie Gonzalez
    Charlie Gonzalez
    Real Estate License ID: 361032
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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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