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    12350 Arnold Ml Rd Alpharetta, GA 30004-6393
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    Property profile & analytics

    12350 Arnold Ml Rd, Alpharetta, GA 30004-6393

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    • Retail space
    • 13,824 SF
    • 1.35 lot acres
    Off-Market
    Last Sale Sep 5, 2023
    $3,250,000
    Property ID
    US22-1852479
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $3,155,000
    Show details
    Cap Rate Potential
    5.4%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • McDonald's / Restaurant / Take-out & Catering
    • Crabapple Ace Hardware / Building Supply / Hardware & Home Improvement
    • Crabapple Tavern / Restaurant
    • Jefferson Garage Door Repair Services / Construction Company / General Contractor

    Property Details for 12350 Arnold Ml Rd

    Year built
    2000
    Construction
    WOOD
    Lot size
    1.35 lot acres
    Zone code
    C1
    Property type
    Retail space
    APN
    22 372012112261
    APU
    22372012112261

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 5, 2023 $3,250,000 Charles Paul Nealey H*g Real Estate LLC Warranty Deed —
    Sep 5, 2023 — Charles Paul Nealey H*g Real Estate LLC Quit Claim Deed · related —
    Dec 3, 2013 $1,300,000 Hg Real Estate LLC Etal Roswell International INC Grant Deed —
    — — Hg Real Estate LLC — Deed Of Trust · related $1.4M · Wells Fargo Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,265,000
      ML approach
      $2,885,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,955,000
      6.5%
      $2,730,000
      7%
      $2,535,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,118,000
      Market price range: $2.41M - $6.77M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $4,320,000
      Current use
      COMMERCIAL (GENERAL)
      $4,910,000
      Change: +14% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $4,540,000
      Change: +5% Conversion: Moderate
      MEDICAL BUILDING
      $4,295,000
      Change: -1% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $4,030,000
      Change: -7% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Alpharetta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.3586
    Latitude
    34.082
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $20,682
    $256,520
    $476,200
    $732,720
    -
    $641,300
    $1,190,500
    $1,831,800

    Comparable in this City

    • Value Estimation
      $2,960,000
      14,337 SF

      5250 Windward Pkwy

      RETAIL STORES (PERSONAL SERVICES)
      5250 Windward Pkwy, Alpharetta, GA 30004-8950
      View Details
    • Value Estimation
      $1,705,000
      9,920 SF

      3155 Bethany Bnd

      RETAIL STORES (PERSONAL SERVICES)
      3155 Bethany Bnd, Milton, GA 30004-3557
      View Details
    • Value Estimation
      $1,360,000
      8,000 SF

      3355 Hwy 9th N

      RETAIL STORES (PERSONAL SERVICES)
      3355 Hwy 9th N, Alpharetta, GA 30004-3237
      View Details
    • Value Estimation
      $930,000
      5,000 SF

      13786 Hwy 9th N

      RETAIL STORES (PERSONAL SERVICES)
      13786 Hwy 9th N, Milton, GA 30004-3645
      View Details
    • Value Estimation
      $1,485,000
      11,502 SF

      12155 Houze Rd

      RETAIL STORES (PERSONAL SERVICES)
      12155 Houze Rd, Alpharetta, GA 30004-6647
      View Details
    • Value Estimation
      $1,165,000
      7,488 SF

      State Hwy

      RETAIL STORES (PERSONAL SERVICES)
      State Hwy, Alpharetta, GA 30004
      View Details

    Similar Nearby for Sale

    • $4,500,000
      10,098 SF

      Freestanding Building on 1.6 Acres

      Freestanding building in Roswell, GA, leased to Dollar Tree.
      12155 Houze Rd, Alpharetta, GA 30004
      View Details
    • Contact for pricing
      1,150 SF

      Luxury Garage Condos For Sale

      Premium, customizable garage condos with lounge and advanced security features.
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    • Contact for pricing
      1,150 SF

      Luxury Garage Condos For Sale

      Premium, customizable car condos with lounge and advanced security features.
      5765 Stables Way, Alpharetta, GA 30004
      View Details
    • Contact for pricing
      1,240 SF

      Luxury Garage Condos For Sale

      Upscale, customizable garage condos for car enthusiasts and collectors.
      5735 Stables Way, Alpharetta, GA 30004
      View Details
    • $1,900,000

      Alpharetta Retail Property For Sale

      Multi-tenant property in affluent area with strong tenant commitment.
      5655 Atlanta Hwy, Alpharetta, GA 30004
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,400 SF

      Retail Space in Milton, GA

      Retail space available for lease in Milton, Georgia.
      980 Birmingham Rd, Milton, GA 30004
      View Details
    • Contact for pricing

      Alpharetta Retail Space Available

      Retail spaces for lease in high-traffic Alpharetta location.
      12460 Crabapple Rd, Alpharetta, GA 30004
      View Details
    • Contact for pricing

      Retail Center on Windward Parkway

      Retail center with high visibility on Windward Parkway.
      5530 Windward Pkwy, Alpharetta, GA 30004
      View Details
    • Contact for pricing
      4,100 SF

      Restaurant Space with Outdoor Patios

      Second generation restaurant space available for lease with outdoor patios.
      12655 Birmingham Hwy, Alpharetta, GA 30004
      View Details
    • Contact for pricing

      Luxury Garage Condos For Rent

      Premium, customizable garage condos with climate control and advanced security.
      5755 Stables Way, Alpharetta, GA 30004
      View Details
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    Alpharetta, GA 30004-6393
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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