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Property profile & analytics
OFF-MARKET
Estimated value
$15,930,000
Medical Office Space
1505 Northside Forsyth Dr Cumming, GA 30041
Entity Owned
Free & Clear
Property ID
US22-1416512
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Total area
120,750 SF
Lot
9.37 ac (408,157 SF)
Zoning code
INST
APN
152 108
UPID
US22-1416512
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
-
Dr. James K. Harper, MD Physician
-
Dr. Linda G. Yan, MD Physician
-
Dr. Sandeep Chandra, MD Physician
-
Dr. David H. Song, MD Physician
-
Atlanta Womens Health Group Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.93M
Owner & transaction history
NORTHSIDE HOSPITAL INC
NORTHSIDE HOSPITAL INC
Zoning & alternative use
INST · Cumming, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
District is specifically tailored to accommodate public and semipublic uses in the city which include but are not limited to public and private elementary, middle, and secondary schools, city, county, and state government offices etc.
Zone name
Institutional District
General category
CIVIC_INSTITUTIONAL
Zone area
877.89 ac
Source
Realmo
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 Cumming submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cumming 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$132 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$227,407
Tax year 2024
Assessed value
$9,273,600
Assessed 2024
Previous assessed
$8,150,625
+13.8% YoY
Effective rate
2.45%
On assessed value
Assessed land
$702,752
Assessed improvement
$8,570,848
Land market value
$1,756,880
Improvement market value
$21,427,120
Total market value
$23,184,000
Applied tax rate
2.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2007
Heating
NONE
Total area
120,750 SF
Lot
9.37 ac (408,157 SF)
Zoning code
INST
APN
152 108
UPID
US22-1416512
Jurisdiction
FORSYTH
Zoning & alternative use
INST · Cumming, GAZoning INST · permitted uses
INST · Cumming, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
District is specifically tailored to accommodate public and semipublic uses in the city which include but are not limited to public and private elementary, middle, and secondary schools, city, county, and state government offices etc.
Zone name
Institutional District
General category
CIVIC_INSTITUTIONAL
Zone area
877.89 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2007
Heating
NONE
Lot
9.37 ac
Current owner
From public records · entity-resolved
NORTHSIDE HOSPITAL INC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 92129, SOUTHLAKE, TX 76092-0102
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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