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Property profile & analytics
OFF-MARKET
Estimated value
$12,720,000
Commercial real estate
12150 Morris Rd Alpharetta, GA 30005-4620
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1883474
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2019
Construction
WOOD
Total area
62,776 SF
Lot
2.06 ac (89,516 SF)
Zoning code
OI
APN
22 546012621476
UPID
US22-1883474
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
-
Joseph Williams Law Law Firm
-
The Commons at Phase Coworking & Hybrid Office
-
Davinci Meeting Rooms Marketing & Advertising Event Planning
-
Alexandra Spollen Motto Mortgage Avalon Loan Service Bank
-
Futures Church Alpharetta Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.74M
Comparable Approach
Comparable
$10.66M
Blend (final)
Blend
$12.72M
Owner & transaction history
Mayfair At Webb Bridge Association · 4 yrs held
Mayfair At Webb Bridge Association
since 2021
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
by Request
CAP Approach
CAP Return
Estimation
6%
$12,710,000
6.5%
$11,735,000
7%
$10,895,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$20,625,000
Change: -7% · Conversion: Difficult
RETAIL STORES
$19,615,000
Change: -12% · Conversion: Easy
MEDICAL BUILDING
$19,500,000
Change: -13% · Conversion: Easy
AUTO REPAIR, GARAGE
$18,295,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$12.72M
Range $11.45M – $13.99M · ±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
$203 / 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
$165,876
Tax year 2023
Assessed value
$5,876,720
Assessed 2023
Previous assessed
$5,400,000
+8.8% YoY
Effective rate
2.82%
On assessed value
Assessed land
$369,880
Assessed improvement
$5,506,840
Land market value
$924,700
Improvement market value
$13,767,100
Total market value
$14,691,800
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2019
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Total area
62,776 SF
Lot
2.06 ac (89,516 SF)
Zoning code
OI
APN
22 546012621476
UPID
US22-1883474
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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$20.6M
RETAIL STORES
Est. value
$19.6M
MEDICAL BUILDING
Est. value
$19.5M
AUTO REPAIR, GARAGE
Est. value
$18.3M
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2019
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Lot
2.06 ac
Current owner
From public records · entity-resolved
Mayfair At Webb Bridge Association
Individual
Free & Clear · 4 yrs held
Mailing address
11175 CICERO DR, ALPHARETTA, GA 30022-1179
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Mar 6, 2023
—
Webb Bridge Investments LLC
—
Deed
related
$12,051,000 · Assemblies Of God Financial Services
Aug 17, 2021
—
Mayfair At Webb Bridge Association
Webb Bridge Investments LLC
Deed
—
Mar 27, 2020
—
Webb Bridge Investments LLC
—
Deed
related
$13,300,000 · Iberiabank
Dec 23, 2019
$2,920,000
Alpharetta Hotel Holdings LLC
Webb Bridge Investments LLC
Grant Deed
related
$2,200,000 · American Cmrc Bk NA
Oct 28, 2019
—
City Of Alpharetta
Greenstone Preston Ridge LP
Quitclaim Deed
related
—
Dec 14, 2018
—
Webb Bridge Investment LLC
—
Grant Deed
related
$15,000,000 · Ameris Bk
Feb 26, 2018
—
Webb Bridge Investments LLC
Duke At Webb Bridge LLC
Quitclaim Deed
related
—
Feb 26, 2018
$5,000,000
Webb Bridge Investments LLC
Duke At Webb Bridge LLC
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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