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Property profile & analytics
OFF-MARKET
Estimated value
$5,045,000
Garden apartment buildings
10840 State Brg Rd Alpharetta, GA 30022-6011
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-0853434
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1998
Total area
17,620 SF
Lot
19.2 ac (836,352 SF)
Zoning code
OICON
APN
11 048001690367
UPID
US22-0853434
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
-
Andover at Johns Creek Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.64M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.05M
Owner & transaction history
Lees Duck Pond LLC · 5 yrs held
Lees Duck Pond LLC
since 2020
5 recorded transactions
Zoning & alternative use
OICON · 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%
$3,945,000
6.5%
$3,640,000
7%
$3,380,000
Blend value · Realmo final
$5.05M
Range $4.54M – $5.55M · ±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
$286 / 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
$656,302
Tax year 2023
Assessed value
$23,251,680
Assessed 2023
Previous assessed
$18,486,280
+25.8% YoY
Effective rate
2.82%
On assessed value
Assessed land
$3,584,000
Assessed improvement
$19,667,680
Land market value
$8,960,000
Improvement market value
$49,169,200
Total market value
$58,129,200
Applied tax rate
57.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1998
Heating
YES
Cooling
YES
Buildings
7
Stories
1
Units
20
Bathrooms
8
Total area
17,620 SF
Lot
19.2 ac (836,352 SF)
Zoning code
OICON
APN
11 048001690367
UPID
US22-0853434
Jurisdiction
FULTON
Zoning & alternative use
OICON · Alpharetta, GA
Zoning OICON · permitted uses
OICON · 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
1998
Heating
YES
Cooling
Yes
Stories
1
Buildings
7
Units
20
Bathrooms
8
Lot
19.2 ac
Current owner
From public records · entity-resolved
Lees Duck Pond LLC
Entity
Free & Clear · 5 yrs held
Mailing address
210 RIVERSEDGE DR #825, ATLANTA, GA 30339
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2020
$51,320,000
Lees Duck Pond LLC
Dpr Johns Creek LLC
Grant Deed
—
Feb 21, 2013
$25,677,800
Dpr Johns Creek LLC
Azure State Bridge LLC
Grant Deed
—
Feb 21, 2013
—
Dpr Johns Creek LLC
Azure State Bridge LLC
Quit Claim Deed
related
$16,770,000 · Cbre Multifamily Cap
Jun 1, 2006
$24,336,028
Azure State Bridge LLC
Archstone,smith Operating
Grant Deed
—
Jun 1, 2006
—
Azure State Bridge LLC
Archstone,smith Operating
Grant 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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