Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$8,525,000
Community centers
11877 Douglas Rd Alpharetta, GA 30005-4325
Entity Owned
14-yr Hold
Free & Clear
Property ID
US22-0236402
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2002
Total area
59,200 SF
Lot
12.18 ac (530,561 SF)
Zoning code
C1
APN
11 054002320301
UPID
US22-0236402
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
-
Ray's Electrical Services, LLC. Electrical Service General Contractor
-
Luxe Custom Wine Cellars & Wine Racks Storage Facility
-
55 Gallon Drums Alpharetta Big Box & Wholesale Store Factory
-
The UPS Store Courier Service Postal Service
-
OBI Partners Inc. Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.53M
Owner & transaction history
Read-retail LLC · 14 yrs held
Read-retail LLC
since 2012
2 recorded transactions
Zoning & alternative use
C1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$144 / 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
$100,962
Tax year 2023
Assessed value
$3,576,920
Assessed 2023
Previous assessed
$3,576,920
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$3,288,600
Assessed improvement
$288,320
Land market value
$8,221,500
Improvement market value
$720,800
Total market value
$8,942,300
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2002
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Total area
59,200 SF
Lot
12.18 ac (530,561 SF)
Zoning code
C1
APN
11 054002320301
UPID
US22-0236402
Jurisdiction
FULTON
Zoning & alternative use
C1 · Alpharetta, GAZoning C1 · permitted uses
C1 · Alpharetta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2002
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
12.18 ac
Current owner
From public records · entity-resolved
Read-retail LLC
Entity
Free & Clear · 14 yrs held
Mailing address
11877 DOUGLAS RD, ALPHARETTA, GA 30005-4325
Mailing matches property
Yes
Owner-occupied
Yes
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2012
$6,825,000
Read-retail LLC
Csfb 2003-c4 Douglas Road LP
Grant Deed
—
Oct 5, 2010
$7,700,000
Csfb 2003-c4 Douglas Road LP
Wb Windward LLC
Trustees Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 11877 Douglas Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
