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Property profile & analytics
OFF-MARKET
Estimated value
$3,925,000
Commercial land
1000 Lexington Farms Dr Alpharetta, GA 30004-5324
Entity Owned
Free & Clear
Property ID
US22-2073273
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
8.94 ac (389,426 SF)
Zoning code
C2
APN
22 466012490253
UPID
US22-2073273
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Cortland Lex Apartment Rental Agency Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.93M
Owner & transaction history
Emberly Community Association INC
Emberly Community Association INC
since 2026
Last sale
$4.4M
7 recorded transactions
Zoning & alternative use
C2 · Alpharetta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Alpharetta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alpharetta submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,605,000
ML approach
$3,295,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.93M
Range $3.53M – $4.32M · ±10% · vs last sale $4.40M (May 1 2023)
Last sale anchor
$4.40M
May 1 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$14,678
Tax year 2023
Assessed value
$520,000
Assessed 2023
Previous assessed
$520,000
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$520,000
Land market value
$1,300,000
Total market value
$1,300,000
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
8.94 ac (389,426 SF)
Zoning code
C2
APN
22 466012490253
UPID
US22-2073273
Jurisdiction
FULTON
Zoning & alternative use
C2 · Alpharetta, GA
Zoning C2 · permitted uses
C2 · Alpharetta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alpharetta. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
8.94 ac
Current owner
From public records · entity-resolved
Emberly Community Association INC
Entity
Free & Clear · 0 yrs held
Mailing address
1140 VIRGINIA DR, FORT WASHINGTON, PA 19034-3204
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2026
—
Emberly Community Association INC
Toll Southeast LP Co INC
Quitclaim Deed
related
—
Jun 12, 2025
$106,000,000
Eqr Lex Alpharetta LLC
Bcore Mf Lex Ag Owner LLC
Deed
—
May 13, 2024
—
Bcore Mf Lex Ag Owner LLC
—
Deed
related
$261,500,000 · Wells Fargo
May 1, 2023
$3,100,000
Kingdom At Mid Broadwell LLC
Argo Associates LLC
Limited Warranty Deed
—
May 1, 2023
$4,400,000
Toll Southeast LP Company INC
Kingdom At Mid Broadwell LLC
Limited Warranty Deed
—
Dec 21, 2020
—
Bcore Mf Lex Ag Owner LLC
—
Deed
related
$498,449,984 · Wells Fargo
Oct 9, 2020
—
Bcore Mf Lex Ag Owner LLC
Milton Apartment Partners LLC
Quitclaim Deed
related
—
Oct 9, 2020
$87,000,000
Bcore Mf Lex Ag Owner LLC
Milton Apartment Partners LLC
Grant Deed
—
Aug 9, 2019
—
Milton Apartment Partners LLC
—
Grant Deed
related
$61,500,000 · Kref Cap LLC
Nov 10, 2010
$286,000
Arborvista Investments Lllp
Arogeti James
Grant Deed
—
Apr 6, 2005
$1,000,000
Arogeti,james
Taratoot,louis
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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