59-Unit Assisted Living
New
For Sale
$15,000,000
5690 State Bridge Road, Alpharetta, GA 30022
Commercial Sale, Alpharetta, GA
Property Size46,500 SF
Lot Size1.92 Acres
Price / SF$322.58
Days on Market2
Property Features for 5690 State Bridge Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
70
Parking features
Parking Lot
Accessibility
Accessible Approach with Ramp
Lot features
Corner Lot
Directions
See google maps
Standard status
Active
APN
11 083002860644
Lot size
1.92 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
78042
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
ramp
elevator
Building Details
Year built
1997
Flooring type
Carpet
Building materials
Stucco
Roof type
Composition
Buildings
1
Listing Agency:
Homesmart Realty Partners
(404) 419-1004
Listed By:
Anhad Chawla · License #443303
(678) 999-6311
Added: Nov 3
Last Checked: Nov 4 at 2:06AM
MLS# 10884279
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.
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Investment Insights
Based on property information with market context.
This vacant assisted living property contains 59 residential units in a single building across three stories. The facility encompasses approximately 46,500 square feet on a 1.92-acre parcel and includes an accessible ramp and elevator. Constructed in 1997, the building has stucco exterior finishes, carpet flooring, central heating and central air conditioning, and a parking lot. Public water and sewer service the site, and cable is available.
The property is at 5690 State Bridge Road in Alpharetta, near dining, shopping, parks, and medical services. Medical-facility zoning and the site's prior use as assisted living support its established senior-care context.
The property is at 5690 State Bridge Road in Alpharetta, near dining, shopping, parks, and medical services. Medical-facility zoning and the site's prior use as assisted living support its established senior-care context.
Key Highlights
- 59 residential units in a three‑story, single‑building facility
- Approximately 46,500 square feet on a 1.92‑acre parcel
- Medical‑facility zoning and prior use as an assisted living property
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.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
826
Businesses Nearby
Balanced
Demand for This Use
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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
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Frequently Asked Questions
What type of property is this?
Assisted living facility - The vacant, three-level property has ramp and elevator access within a single-building configuration.
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, single‑building facility; Approximately 46,500 square feet on a 1.92‑acre parcel; Medical‑facility zoning and prior use as an assisted living property
