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Property profile & analytics
OFF-MARKET
Estimated value
$41,980,000
Commercial land
21 Milton Ave Alpharetta, GA 30009-1507
Entity Owned
2-yr Hold
Free & Clear
Property ID
US22-4491376
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1955
Total area
3,155 SF
Lot
0.08 ac (3,485 SF)
Zoning code
C2
APN
22 482312690104
UPID
US22-4491376
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
-
Cotton House Hotel Hotel & Motel Bed & Breakfast
-
The Hamilton Hotel Hotel & Motel
-
Alpharetta Cash for Junk Cars We Buy & Do Removal Car Dealership
-
Angel Lane Bakery Online Department Store
-
wsb Radio Radio Station Telecommunications Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$41.98M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$41.98M
Owner & transaction history
Pdof Alpharetta LLC · 2 yrs held
Pdof Alpharetta LLC
since 2024
Last sale
$42.0M
6 recorded transactions
Zoning & alternative use
C2 · Alpharetta, 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 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
$41,980,000
ML approach
$41,980,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$41.98M
Range $37.78M – $46.18M · ±10% · vs last sale $41.98M (Jul 10 2024)
Last sale anchor
$41.98M
Jul 10 2024
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
$13,306 / 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
$2,439
Tax year 2023
Assessed value
$86,400
Assessed 2023
Previous assessed
$86,400
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$86,400
Land market value
$216,000
Total market value
$216,000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1955
Heating
NONE
Total area
3,155 SF
Lot
0.08 ac (3,485 SF)
Zoning code
C2
APN
22 482312690104
UPID
US22-4491376
Jurisdiction
FULTON
Zoning & alternative use
C2 · Alpharetta, GA
Zoning C2 · permitted uses
C2 · 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.
Building & site characteristics
From public records
Year built
1955
Heating
NONE
Lot
0.08 ac
Current owner
From public records · entity-resolved
Pdof Alpharetta LLC
Entity
Free & Clear · 2 yrs held
Mailing address
26 MILTON AVE, ALPHARETTA, GA 30009-1590
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Jul 10, 2024
$41,981,184
Pdof Alpharetta LLC
Mf Cotton House Development LLC
Warranty Deed
—
May 24, 2019
—
Mf Cotton House Dev LLC
Vs Milton Retail LLC
Quit Claim Deed
related
$4,180,000 · American Cmrc Bk NA
May 24, 2019
$6,923,100
Mf Cotton House Dev LLC
Vs Milton Retail LLC
Grant Deed
—
Aug 7, 2017
$3,100,000
Ram Dev Partners LLC
Waters Building LLC
Grant Deed
—
Aug 7, 2017
$3,500,000
Vs Milton Retail LLC
Ram Dev Partners LLC
Grant Deed
—
Aug 7, 2017
—
Ram Dev Partners LLC
Waters Building LLC
Quit Claim Deed
related
—
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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