Three-Story Assisted Living
5690 State Bridge Road, Alpharetta, GA 30022
For Sale
New
$15,000,000
A vacant senior-care property offers an accessible layout with elevator and ramp service.
Property Size44,716 SF
Lot Size1.92 Acres
Price / SF$322.58
Days on Market7
Property Features for 5690 State Bridge Road
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Amenities
ramp
elevator
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Homesmart Realty Partners
Listed By:
Anhad Chawla · License #443303
(678) 999-6311
Source:
Glennda
Added: Nov 3
Changed: Nov 7
Last Checked: Nov 8 at 1:06PM
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
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Investment Insights
Based on property information with market context.
This assisted living property comprises one three-story building with 59 residential units and approximately 46,500 square feet. The facility is vacant and includes an elevator and ramp. Construction dates to 1997, and the parcel covers 1.92 acres.
Located at 5690 State Bridge Road in Alpharetta, the property is described as being near dining, shopping, parks, and medical services. Its zoning is identified as medical-facility zoning, and the site has operated as an assisted living property.
Located at 5690 State Bridge Road in Alpharetta, the property is described as being near dining, shopping, parks, and medical services. Its zoning is identified as medical-facility zoning, and the site has operated as an assisted living property.
Key Highlights
- 59 residential units in a three‑story assisted living building
- Approximately 46,500 square feet on a 1.92‑acre parcel
- Elevator and ramp provide accessible circulation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$624,683
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
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
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 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 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.00M
$11.37M – $15.16M
NOI $909,897 @ 7.0% cap · market cap 6.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
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
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 - A vacant senior-care property offers an accessible layout with elevator and ramp service.
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 $15,000,000.
What are key features of this property?
This property features: 59 residential units in a three‑story assisted living building; Approximately 46,500 square feet on a 1.92‑acre parcel; Elevator and ramp provide accessible circulation
