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Property profile & analytics
OFF-MARKET
Estimated value
$7,145,000
Investment properties
1005 Alderman Dr Alpharetta, GA 30005-4173
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1845198
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1995
Total area
47,360 SF
Lot
5.96 ac (259,618 SF)
Zoning code
CUP
APN
21 552010470298
UPID
US22-1845198
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
-
Gromeko Reeves, Maximum One Executive Realtors Real Estate Agency
-
BILLY H OGILVIE Real Estate Agency
-
Grandparent Gift Co. Inc. Big Box & Wholesale Store
-
Fisheye Media Productions Film Production Television Studio
-
XS International, Inc. (XSi) Tech Support Center IT Consulting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.86M
Comparable Approach
Comparable
$5.17M
Blend (final)
Blend
$7.15M
Owner & transaction history
Meritex Atlanta Indl II LLC · 14 yrs held
Meritex Atlanta Indl II LLC
since 2012
6 recorded transactions
Zoning & alternative use
CUP · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,590,000
6.5%
$8,855,000
7%
$8,220,000
Blend value · Realmo final
$7.15M
Range $6.43M – $7.86M · ±10%
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
$151 / SF
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
$80,366
Tax year 2023
Assessed value
$2,847,240
Assessed 2023
Previous assessed
$2,847,240
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$1,043,000
Assessed improvement
$1,804,240
Land market value
$2,607,500
Improvement market value
$4,510,600
Total market value
$7,118,100
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1995
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
47,360 SF
Lot
5.96 ac (259,618 SF)
Zoning code
CUP
APN
21 552010470298
UPID
US22-1845198
Jurisdiction
FULTON
Zoning & alternative use
CUP · Alpharetta, GA
Zoning CUP · permitted uses
CUP · 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
Year built
1995
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
5.96 ac
Current owner
From public records · entity-resolved
Meritex Atlanta Indl II LLC
Entity
Free & Clear · 14 yrs held
Mailing address
24 UNIVERSITY AVE NE STE #200, MINNEAPOLIS, MN 55413-2480
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2012
—
Meritex Atlanta Indl II LLC
Meritex Atlanta Indl I LLC
Quit Claim Deed
related
—
Feb 2, 2012
—
Msb Alderman Lc
Alderman 2nd Chance Lc
Quit Claim Deed
related
—
Feb 2, 2012
$4,700,000
Meritex Atlanta Indl I LLC
Msb Alderman LLC
Grant Deed
—
Jan 13, 2011
—
Chance Lc Alderman 2nd
Rubicon Lc
Grant Deed
related
—
Nov 12, 1996
$277,000
Rubicon Lc
Rogers,construction Co
Warranty Deed
related
—
—
—
Meritex Atlanta Indl II LLC
—
Deed Of Trust
related
$8,100,000 · Thrivent Financial For Luthera
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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