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Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Parking lots & garages
11975 Morris Rd Alpharetta, GA 30005-4419
Entity Owned
6-yr Hold
Free & Clear
Property ID
US22-1710235
Property summary
AI-generated overview
North Crescent Medical Center in Alpharetta, GA, offers exceptional medical office space for lease. This class-A, multi-tenant building totals 38,217 square feet, with individual suites ranging from 882 to 8,694 contiguous square feet. Currently, the entire 38,217 square feet is available. Located at 11975 Morris Rd, Alpharetta, GA 30005, this property enjoys a convenient location east of Georgia State Route 400. The building is part of a thriving medical complex, home to established practices including Atlanta Women's Health Group, Northside Hospital multi-specialty outpatient services, North Georgia OB/GYN, North Point Pediatrics, and Georgia Oral & Facial Surgery. On-site amenities include a pharmacy, lab, ambulatory surgery center, 24-hour security, and a pediatric imaging center. The property benefits from on-campus property management. This is an unparalleled opportunity for medical professionals seeking a prestigious and well-equipped location to establish or expand their practice within a vibrant healthcare community in Fulton County. The building offers a high-quality environment with excellent visibility and accessibility. Contact us today to learn more about leasing opportunities.
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
2003
Total area
62,904 SF
Lot
4.19 ac (182,342 SF)
Zoning code
OI
APN
12 311009090701
UPID
US22-1710235
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
-
Northside Hospital Diabetes Education Program - Alpharetta Medical Clinic
-
Aesthetics International USA Physician Medical Clinic
-
Aesthetics Hair Restoration Hair Salon
-
Meera S. Garcia, MD Physician
-
Natalie R. Nix, CNM Midwife
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$1.20M
Owner & transaction history
City Of Alpharetta · 6 yrs held
City Of Alpharetta
since 2019
7 recorded transactions
Zoning & alternative use
OI · 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
$1,050,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±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
$19 / 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
$16,320
Tax year 2023
Assessed value
$578,200
Assessed 2023
Previous assessed
$578,200
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$452,200
Assessed improvement
$126,000
Land market value
$1,130,500
Improvement market value
$315,000
Total market value
$1,445,500
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
2003
Heating
YES
Cooling
YES
Stories
2
Total area
62,904 SF
Lot
4.19 ac (182,342 SF)
Zoning code
OI
APN
12 311009090701
UPID
US22-1710235
Jurisdiction
FULTON
Zoning & alternative use
OI · Alpharetta, GAZoning OI · permitted uses
OI · 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
2003
Heating
YES
Cooling
Yes
Stories
2
Lot
4.19 ac
Current owner
From public records · entity-resolved
City Of Alpharetta
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 92129, SOUTHLAKE, TX 76092-0102
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2019
—
City Of Alpharetta
Greenstone Preston Ridge LP
Quit Claim Deed
related
—
Jul 31, 2019
—
Milton Real Estate Holdings Ll
—
Deed
related
$4,995,000 · Community Bank Of Pickens County
Jul 5, 2019
—
City Of Alpharetta
Hospital Authority Of Fulton Cnty
Quit Claim Deed
related
—
Jul 17, 2018
$825,000
Milton Real Estate Holding LLC
Shokoohi,mohammad
Grant Deed
$585,000 · Mohammad Shokoohi
Mar 31, 2017
—
Mohammad Shokoohi
—
Deed
related
$213,282 · Charterbank
Sep 29, 2016
—
Mohammad Shokoohl
—
Deed
related
$220,295 · Charter Bk Eau Claire
Dec 2, 2011
$16,864,000
Health Care Reit INC
Awhg Real Estate Holdings LLC
Grant Deed
—
Dec 2, 2011
$2,250,000
Northside Ventures INC
Health Care Reit INC
Grant Deed
—
Dec 2, 2011
—
Health Care Reit INC
Awhg Real Estate Holdings LLC
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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