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Property profile & analytics
OFF-MARKET
Estimated value
$2,505,000
Office buildings
12395 Morris Rd Alpharetta, GA 30005-4000
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US22-0063058
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2006
Total area
11,380 SF
Lot
2.8 ac (121,968 SF)
Zoning code
CUP
APN
22 545011890371
UPID
US22-0063058
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
-
Kim Chapman: Allstate Insurance Insurance Agency
-
Therapyland Teen - ABA Therapy in Alpharetta Medical Clinic
-
Orridge Home Care Services Home Health Care Service
-
Bright Path Academy of Georgia Special Education Facility
-
Graydaze Construction Inc Painting Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.55M
CAP Approach
CAP
$2.50M
Comparable Approach
Comparable
$2.57M
Blend (final)
Blend
$2.51M
Owner & transaction history
Reserve Capital Holdings LLC · 4 yrs held
Reserve Capital Holdings LLC
since 2022
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
CUP · Alpharetta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.0M
+105.2%
Neighborhood: shopping center
$3.7M
+89.9%
Retail stores
$3.6M
+80.5%
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
$2,415,000
ML approach
$2,545,000
CAP Approach
CAP Return
Estimation
6%
$2,710,000
6.5%
$2,500,000
7%
$2,320,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,970,000
Current use
COMMERCIAL (GENERAL)
$4,040,000
Change: +105% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,740,000
Change: +90% · Conversion: Difficult
RETAIL STORES
$3,555,000
Change: +81% · Conversion: Moderate
MEDICAL BUILDING
$3,535,000
Change: +80% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,315,000
Change: +68% · Conversion: Difficult
Blend value · Realmo final
$2.51M
Range $2.25M – $2.76M · ±10% · vs last sale $2.50M (May 31 2022)
Last sale anchor
$2.50M
May 31 2022
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
$220 / 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
$28,074
Tax year 2023
Assessed value
$994,600
Assessed 2023
Previous assessed
$599,000
+66.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$489,840
Assessed improvement
$504,760
Land market value
$1,224,600
Improvement market value
$1,261,900
Total market value
$2,486,500
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2006
Heating
YES
Cooling
YES
Stories
1
Total area
11,380 SF
Lot
2.8 ac (121,968 SF)
Zoning code
CUP
APN
22 545011890371
UPID
US22-0063058
Jurisdiction
FULTON
Zoning & alternative use
CUP · Alpharetta, GA
Zoning CUP · permitted uses
CUP · Alpharetta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alpharetta. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$4.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.7M
RETAIL STORES
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$3.3M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
2006
Heating
YES
Cooling
Yes
Stories
1
Lot
2.8 ac
Current owner
From public records · entity-resolved
Reserve Capital Holdings LLC
Entity
Mailing address
6505 SHILOH RD STE #100, ALPHARETTA, GA 30005-1645
Ownership since
2022
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
May 31, 2022
$2,500,000
Reserve Capital Holdings LLC
Immco Holdings LLC
Warranty Deed
$1,680,000 · Synovus Bank
Aug 7, 2006
—
Immco Holdings LLC
—
Trustees Deed
related
$1,125,000 · Ironstone Bk/ga
Apr 12, 2006
$680,100
Immco Holdings LLC
Scott,j D & Melody D
Warranty Deed
—
Apr 12, 2006
—
Immco Holdings LLC
Scott,j D & Melody D
Quit Claim Deed
related
$578,000 · Ironstone Bk/ga
Apr 6, 2006
$680,000
Immco Holdings LLC
Scott,j Darrell
Grant Deed
related
—
Apr 6, 2006
—
Immco Holdings LLC
Scott,j Darrell
Grant Deed
related
—
—
—
Holdings LLC
—
Deed Of Trust
related
$1,125,000 · Ironstone Bank
—
—
Immco Holdings LLC
—
Deed Of Trust
related
$578,000 · Ironstone Bank
—
—
Immco Holdings LLC
—
Deed Of Trust
related
$927,000 · Georgia Mountains Regional Eco
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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