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Property profile & analytics
OFF-MARKET
Estimated value
$2,790,000
Medical Office Space
11690 Alpharetta Hwy Roswell, GA 30076-3805
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US22-4642308
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1988
Total area
8,813 SF
Lot
1.45 ac (63,162 SF)
Zoning code
C3C
APN
12 224005540647
UPID
US22-4642308
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
-
Dr. Lina Barry Physician
-
Mark Berman Ophthalmologist
-
Isabelle Dortonne Ophthalmologist
-
Jeffrey Mellom Physician
-
Dr. Jeri Salit Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.79M
CAP Approach
CAP
$1.97M
Comparable Approach
Comparable
$3.12M
Blend (final)
Blend
$2.79M
Owner & transaction history
Mmac Pix2 Atlanta Eye Spe LLC · 2 yrs held
Mmac Pix2 Atlanta Eye Spe LLC
since 2023
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
C3C · Roswell, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.0M
+8.5%
Neighborhood: shopping center
$2.9M
+5.8%
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 Roswell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Roswell 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
$2,790,000
ML approach
$2,790,000
CAP Approach
CAP Return
Estimation
6%
$2,130,000
6.5%
$1,965,000
7%
$1,825,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,740,000
Current use
RETAIL STORES
$2,970,000
Change: +8% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,895,000
Change: +6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,570,000
Change: -6% · Conversion: Difficult
OFFICE BUILDING
$2,295,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$2.79M
Range $2.51M – $3.07M · ±10% · vs last sale $2.79M (Jun 10 2024)
Last sale anchor
$2.79M
Jun 10 2024
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
$317 / 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
$18,320
Tax year 2023
Assessed value
$649,040
Assessed 2023
Previous assessed
$649,040
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$129,808
Assessed improvement
$519,232
Land market value
$324,520
Improvement market value
$1,298,080
Total market value
$1,622,600
Applied tax rate
45.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1988
Heating
YES
Cooling
YES
Stories
1
Total area
8,813 SF
Lot
1.45 ac (63,162 SF)
Zoning code
C3C
APN
12 224005540647
UPID
US22-4642308
Jurisdiction
FULTON
Zoning & alternative use
C3C · Roswell, GA
Zoning C3C · permitted uses
C3C · Roswell, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Roswell. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.7M
RETAIL STORES
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.3M
MEDICAL BUILDING Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Heating
YES
Cooling
Yes
Stories
1
Lot
1.45 ac
Current owner
From public records · entity-resolved
Mmac Pix2 Atlanta Eye Spe LLC
Entity
Mailing address
11690 ALPHARETTA HWY, ROSWELL, GA 30076-3805
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2023
$2,787,893
Mmac Pix2 Atlanta Eye Spe LLC
Teg Roswell LLC
Warranty Deed
$1,393,950 · Aew Partners Real Estate Fund Ix
Dec 1, 2014
—
Teg Roswell LLC
Thomas Eye Medical Props LLC
Grant Deed
related
$1,275,000 · United Cmnty Bk
Apr 17, 2007
$1,470,000
Thomas Eye Medical Props LLC
North Fulton Medical Props INC
Deed
$1,000,000 · Suntrust Bk
Apr 12, 2007
$1,470,000
Thomas Eye Medical Properties
North,fulton Medical Prop
Grant Deed
—
—
—
Teg Roswell LLC
—
Loan Modification
related
$1,783,168 · United Cmnty Bk
—
—
Thomas Eye Medical Props LLC
—
Deed Of Trust
related
$878,742 · Suntrust Bank NA
—
—
North,fulton Medical Propertie
—
Deed Of Trust
related
$1,143,250 · Suntrust Bank NA
—
—
Teg Roswell LLC
—
Loan Modification
related
$2,525,000 · United Wholesale Mtg
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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