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Property profile & analytics
OFF-MARKET
Estimated value
$9,800,000
Motels
12505 Innovation Way Milton, GA 30004-8502
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US22-0462608
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1999
Total area
73,728 SF
Lot
2.38 ac (103,673 SF)
Zoning code
OI
APN
22 528011200098
UPID
US22-0462608
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.73M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.80M
Owner & transaction history
Mg Road LLC · 2 yrs held
Mg Road LLC
since 2023
Last sale
$10.0M
6 recorded transactions
Zoning & alternative use
OI · Milton, 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 Milton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milton 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
$9,580,000
ML approach
$9,725,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$13,885,000
Current use
Blend value · Realmo final
$9.80M
Range $8.82M – $10.78M · ±10% · vs last sale $9.95M (Dec 27 2023)
Last sale anchor
$9.95M
Dec 27 2023
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
$133 / 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
$136,665
Tax year 2023
Assessed value
$4,376,640
Assessed 2023
Previous assessed
$3,446,520
+27.0% YoY
Effective rate
3.12%
On assessed value
Assessed land
$856,800
Assessed improvement
$3,519,840
Land market value
$2,142,000
Improvement market value
$8,799,600
Total market value
$10,941,600
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1999
Heating
YES
Cooling
YES
Stories
1
Units
135
Total area
73,728 SF
Lot
2.38 ac (103,673 SF)
Zoning code
OI
APN
22 528011200098
UPID
US22-0462608
Jurisdiction
FULTON
Zoning & alternative use
OI · Milton, GA
Zoning OI · permitted uses
OI · Milton, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Milton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$13.9M
HOTEL/MOTEL Current
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
1999
Heating
YES
Cooling
Yes
Stories
1
Units
135
Lot
2.38 ac
Current owner
From public records · entity-resolved
Mg Road LLC
Entity
Mailing address
12505 INNOVATION WAY, ALPHARETTA, GA 30004-8502
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2023
—
Mg Road LLC
Comm 2015 Ccre25 Mortgage Trust Com
Quit Claim Deed
related
—
Dec 22, 2023
$9,950,000
Bukhari Group Hospitality LLC
Mg Road LLC
Warranty Deed
$2,923,990 · Gbank
Jul 5, 2013
$7,375,000
Mg Road LLC
Alpharetta Sierra Assocs LP
Grant Deed
$6,650,000 · Lmrec III Holdings II INC
Oct 4, 2004
$4,750,000
Alpharetta Sierra Associates LP
Virginia Inns INC
Grant Deed
—
—
—
Mg Road LLC
—
Deed Of Trust
related
$8,250,000 · German Am Cap
—
—
Alpharetta Sierra Assocs
—
Deed Of Trust
related
$4,991,000 · Westdeutsche Immobilienbank
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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