Three-Story Assisted Living
For Sale
$9,500,000
5690 State Bridge Road, Alpharetta, GA 30022
Established senior-care facility with residential units, elevator access, and ramp-equipped entry.
Property Size46,500 SF
Lot Size1.92 Acres
Price / SF$204.30
Days on Market172
Property Features for 5690 State Bridge Road
General Information
Standard status
Active
Size
46,500 SF
Lot size
1.92 Acres
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$78,042
Amenities
ramp
elevator
Central Air
3
Carpet
Composition
Parking. Corner Lot.
70 Parking Spaces. Lot.
1.9199999570846558
Corner, State Road.
Building Details
Year Built
1997
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Homesmart Realty Partners
(678) 999-6311
Listed By:
Anhad Chawla · License #443303
(678) 999-6311
Source:
Xome
Added: Mar 13
Changed: Aug 29
Last Checked: Aug 30 at 2:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Homesmart Realty Partners
Investment Insights
Based on property information with market context.
This three-story assisted living facility contains 59 residential units within approximately 46,500 square feet on a 1.92-acre parcel. The single-building configuration includes an elevator, an accessible approach with ramp, and carpeted interiors. Constructed in 1997, the property has operated as an assisted living facility and carries existing medical-facility zoning.
The property is located at 5690 State Bridge Road in Alpharetta, Georgia, within the Johns Creek/Alpharetta area. Dining, shopping, parks, and medical services are identified in the surrounding area, supporting continued use as a senior-care property.
The property is located at 5690 State Bridge Road in Alpharetta, Georgia, within the Johns Creek/Alpharetta area. Dining, shopping, parks, and medical services are identified in the surrounding area, supporting continued use as a senior-care property.
Key Highlights
- 59 residential units in a three‑story assisted living facility
- Approximately 46,500 square feet on a 1.92‑acre parcel
- Existing medical‑facility zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$624,683
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$12,493,660
$12.5M
Cap Rate 7%
$8,924,043
$8.9M
Cap Rate 9%
$6,940,922
$6.9M
Market Conditions
NOI Build-Up for 46,500 SF
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.
Gross rent
$1.21M $26.04/SF
− Vacancy
−$75.1K −$1.61/SF
EGI
$1.14M $24.43/SF
− OpEx
−$511.1K −$10.99/SF
NOI
$624.7K $13.43/SF
Area
Fulton County, GA
Vacancy
6.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$12,493,660
Cap Rate 7%
$8,924,043
Cap Rate 9%
$6,940,922
Alternative Uses
Best Use
Apartment 5plus
$8.92M
$7.81M – $10.41M
NOI $624,683 @ 7.0% cap · market cap 6.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.00M
$11.37M – $15.16M
NOI $909,897 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
826
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30022, GA
66,667
Population
24,330
Households
2.7
Avg Household Size
40
Median Age
68%
College-Educated
95%
High-School Grad
23.7 sq mi
ZIP Area
2,813
Density / Sq Mi
$153,022
Median Household Income
$74,500
Median Earnings
$1,966
Median Rent
$589,400
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Ivy Hall — 5835 Medlock Bridge Pkwy, Alpharetta, GA 30022
- ST Ives Memory Care — 5835 Medlock Bridge Pkwy, Johns Creek, GA 30022
Frequently Asked Questions
What type of property is this?
Assisted living facility - Established senior-care facility with residential units, elevator access, and ramp-equipped entry.
Where is this assisted living facility located?
The property is located at 5690 State Bridge Road Alpharetta, 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: 59 residential units in a three‑story assisted living facility; Approximately 46,500 square feet on a 1.92‑acre parcel; Existing medical‑facility zoning
