59-Unit Assisted Living
New
For Sale
$15,000,000
5690 State Bridge Road, Alpharetta, GA 30022
Commercial Sale, Alpharetta, GA
Property Size44,716 SF
Lot Size1.92 Acres
Price / SF$335.45
Days on Market2
Property Features for 5690 State Bridge Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Ol
Parking
70
Parking features
Parking Lot
Interior features
High Ceilings 10 or Greater, Living Space Available, Reception Area, Restrooms
Accessibility
Accessible Approach with Ramp
Lot features
Corner Lot
Directions
See google maps
Standard status
Active
Size
44,716 SF
Lot size
1.92 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LL 286 287 299 & 300STATE BRIDGE RD/MEDLOCK CROSSING PARKWAY
Tax Annual Amount
78042
Legal Description
LL 286 287 299 & 300STATE BRIDGE RD/MEDLOCK CROSSING PARKWAY
Utilities
Utilities
Cable Available
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Amenities
ramp
elevator
Building Details
Year built
1997
Floors in Building
3
Flooring type
Carpet
Building materials
Stucco
Roof type
Asbestos Shingle
Buildings
1
Listing Agency:
Homesmart Realty Partners · HomeSmart International
(404) 419-1004
Listed By:
Anhad Chawla · License #443303
(678) 999-6311
Added: Nov 3
Last Checked: Nov 4 at 2:06AM
MLS# 7863390
Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This vacant assisted living facility contains 59 residential units in a single three-story building. Built in 1997, the property includes a ramp and elevator, with a parking lot on its 1.92-acre parcel.
The site is near dining, shopping, parks, and medical services in the Johns Creek and Alpharetta area.
The site is near dining, shopping, parks, and medical services in the Johns Creek and Alpharetta area.
Key Highlights
- 59 residential units in a single building
- Three stories; built in 1997
- 1.92‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$600,716
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,014,320
$12.0M
Cap Rate 7%
$8,581,657
$8.6M
Cap Rate 9%
$6,674,622
$6.7M
Market Conditions
NOI Build-Up for 44,716 SF
Gross rent
$1.16M $26.04/SF
− Vacancy
−$72.2K −$1.61/SF
EGI
$1.09M $24.43/SF
− OpEx
−$491.5K −$10.99/SF
NOI
$600.7K $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%
$12,014,320
Cap Rate 7%
$8,581,657
Cap Rate 9%
$6,674,622
Alternative Uses
Best Use
Apartment 5plus
$8.58M
$7.51M – $10.01M
NOI $600,716 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.50M
$10.94M – $14.58M
NOI $874,988 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - The vacant, three-story property includes an accessible ramp and elevator.
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 single building; Three stories; built in 1997; 1.92‑acre parcel
