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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12425 Morris Rd Alpharetta, GA 30005-4137

    • Medical offices
    • 11,220 SF
    • 2.63 lot acres
    OFF-MARKET
    Last Sale
    Mar 25, 2024
    $4,750,000
    Value Estimations
    $4,295,000
    Show details
    Cap Rate Potential
    3.4%
    Medical offices
    Location Intelligence
    Property ID
    US22-4692073
    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.

    Current Use by Public Records

    • Stem Cell Institute of Atlanta / Pain Management Physician / Medical Center
    • Windward Surgery Center / Surgical Center
    • Atlanta Spine Specialists / Doctor / Pain Control Clinic
    • Peter Skaliy / Pain Management Physician

    Property Details for 12425 Morris Rd

    Year built
    2009
    Lot size
    2.63 lot acres
    Property size
    11,220 SF
    Zone code
    CUP
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    22 545011890389
    APU
    22545011890389

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,750,000
      ML approach
      $4,750,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,926,000
      Market price range: $1.97M - $5.10M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $3,485,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $7,785,000
      Change: +123% Conversion: Moderate
      RESTAURANT
      $6,025,000
      Change: +73% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $3,985,000
      Change: +14% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $3,685,000
      Change: +6% Conversion: Difficult
      RETAIL STORES
      $3,505,000
      Change: +1% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $3,270,000
      Change: -6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Alpharetta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.262
    Latitude
    34.083
    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
    $20,887
    $420,800
    $319,200
    $740,000
    -
    $1,052,000
    $798,000
    $1,850,000

    Comparable in this City

    • Value Estimation
      $1,320,000
      48,391 SF

      3550 Preston Rdg Rd

      MEDICAL BUILDING • 48,391 SF
      3550 Preston Rdg Rd, Alpharetta, GA 30005-3821
      View Details
    • Value Estimation
      $1,365,000
      208,218 SF

      3440 Old Milton Pkwy

      MEDICAL BUILDING • 208,218 SF
      3440 Old Milton Pkwy, Alpharetta, GA 30005-4438
      View Details
    • Value Estimation
      $1,140,000
      143,658 SF

      3400 Old Milton Pkwy

      MEDICAL BUILDING • 143,658 SF
      3400 Old Milton Pkwy, Alpharetta, GA 30005-3707
      View Details
    • Value Estimation
      $1,850,000
      62,778 SF

      11975 Morris Rd

      MEDICAL BUILDING • 62,778 SF
      11975 Morris Rd, Alpharetta, GA 30005-4419
      View Details
    • Value Estimation
      $305,000
      6,200 SF

      3400 Old Milton Pkwy

      MEDICAL BUILDING • 6,200 SF
      3400 Old Milton Pkwy, Alpharetta, GA 30005-3707
      View Details
    • Value Estimation
      $1,870,000
      63,805 SF

      3300 Old Milton Pkwy

      MEDICAL BUILDING • 63,805 SF
      3300 Old Milton Pkwy, Alpharetta, GA 30005-2423
      View Details

    Similar Nearby for Sale

    • $799,000
      1.27 Acres

      Alpharetta Mixed-Use Investment Opportunity

      Prime Alpharetta location, 1.27 acres, $799,000.
      12410 Morris Rd, Alpharetta, GA 30005
      View Details
    • $3,000,000
      13,460 SF

      Alpharetta Class A Office Building

      Prime Alpharetta location, 13,460 SF, vacant.
      6505 Shiloh Rd, Alpharetta, GA 30005
      View Details
    • $525,000
      2,400 SF

      100 Prospect Place

      Medical offices • 2,400 SF
      100 Prospect Pl, Alpharetta, GA 30005
      View Details
    • $5,950,000
      21,000 SF

      Alpharetta Mixed-Use Building

      21,000 sq ft building on 2.66 acres.
      5000 Mcginnis Ferry Rd, Alpharetta, GA 30005
      View Details
    • Contact for pricing
      60,951 SF

      Alpharetta Office Building Investment

      60,951 SF Office, Owner/User Opportunity
      6455 Shiloh Rd, Alpharetta, GA 30005
      View Details
    • $550,000
      Pending

      Alpharetta Office/Warehouse Space Available

      Versatile 2,400 SF office/warehouse in Alpharetta, GA for sale.
      6535 Shiloh Rd, Alpharetta, GA 30005
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      38,217 SF

      Alpharetta Medical Office Space

      Prime Medical Office Suites Available
      11975 Morris Rd, Alpharetta, GA 30005
      View Details
    • Contact for pricing
      51,049 SF

      Alpharetta Medical Office Space

      Prime Medical Office Suites Available
      3400c Old Milton Pkwy, Alpharetta, GA 30005
      View Details
    • $29 SF/Yr
      86,100 SF

      Preston Ridge Commons II Offices

      Alpharetta, GA Office Suites Available
      3235 Point Pkwy, Alpharetta, GA 30005
      View Details
    • Contact for pricing
      1 SF

      Alpharetta Medical Office Space

      Prime Alpharetta location, multiple suites available
      3300 Old Milton Pkwy, Alpharetta, GA 30005
      View Details
    • Contact for pricing

      Alpharetta Healthcare Property for Rent

      Healthcare property available for rent in Alpharetta, Georgia.
      3333 Old Milton Pkwy, Alpharetta, GA 30005
      View Details
    • $2,500 /Mo
      1,141 SF

      Alpharetta Office Space For Rent

      Office space in Alpharetta, close to Avalon and GA400.
      3584 Old Milton Pkwy, Alpharetta, GA 30005
      View Details
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    Alpharetta, GA 30005-4137
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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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