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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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    Healthcare/assisted living facility in affluent Johns Creek submarket.

    Type:Senior Living
    Property size:
    44,716 SF
    Lot size:
    2.00 Acres
    Price / SF:
    $212/SF
    Added:
    May 11, 2026
    Days on Market:
    17
    Last Refresh:
    May 14 at 9:19 pm

    Property Features for 5690 State Bridge Road

    General Information

    Standard status
    Active
    Size
    44,716 SF
    Lot size
    2.00 Acres
    Property subtype
    Senior Living

    Building Details

    Year Built
    1997

    We can help!

    Listing Contact
    Charlie Gonzalez
    Charlie Gonzalez

    Listing agent Charlie Gonzalez License #361032

    Listing office KW Commercial First Atlanta

    Listing date May 11, 2026

    Source Crexi

    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 KW Commercial First Atlanta

    HighLights

    • Prime location on highly trafficked State Bridge Road in Johns Creek.
    • Previously licensed for 59 beds as an assisted living facility, with potential to expand to 100 beds.
    • Opportunity for healthcare, assisted living, behavioral health, rehabilitation, or specialty housing operators.
    • Situated on an approximately 2‑acre campus.
    • Excellent accessibility to major transportation corridors including Medlock Bridge Road (GA‑141).
    • Currently undergoing renovations, allowing for customization.

    Overview

    Located along State Bridge Road in Johns Creek, the property at 5690 State Bridge Road offers an opportunity for healthcare, assisted living, behavioral health, rehabilitation, or specialty housing operators. Previously operated as Ivy Hall assisted living facility, the property is situated on an approximately 2-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 to pursue licensing for up to 100 beds upon completion of the ongoing renovations. The property benefits from accessibility, surrounding demographics, and proximity to residential communities, medical providers, and commercial amenities. The property is currently vacant and undergoing renovations, providing an opportunity for a new operator or owner-user to customize the facility. 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.
    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

    • $9,500,000
      44,716 SF

      Johns Creek Healthcare/Assisted Living Facility

      Healthcare/assisted living facility in affluent Johns Creek submarket.
      5690 State Bridge Road, Johns Creek, GA 30022
      View Details
    • $3,699,999
      10,220 SF

      Retail Investment in Johns Creek

      Fully occupied retail center in prime Johns Creek location.
      11730 Jones Bridge Road, Johns Creek, GA 30005
      View Details
    • $5,299,999
      6,200 SF

      Modern Retail Center on State Bridge

      New retail center in Johns Creek with national tenants.
      5855 State Bridge Road, Johns Creek, GA 30097
      View Details
    • $3,699,999

      Retail Investment Opportunity in Johns Creek

      Fully occupied retail center in prime Johns Creek location.
      11730 Jones Bridge Road, Johns Creek, GA 30005
      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 as an assisted living facility, with potential to expand to 100 beds.; Opportunity for healthcare, assisted living, behavioral health, rehabilitation, or specialty housing operators.
    (404) 531-5700 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing 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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