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    290 Rucker Rd Alpharetta, GA 30004
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    290 Rucker Rd, Alpharetta, GA 30004

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    • Commercial real estate
    • 2.39 lot acres
    For Sale
    $2,190,000
    View Listing →
    Alpharetta Land for Estate Home For Sale
    $2,190,000
    2.39 Acres

    Alpharetta Land for Estate Home

    2.39-acre lot suitable for estate home or small subdivision.

    290 Rucker Road, Alpharetta, GA 30004
    View Listing
    Property ID
    US22-1226054
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 290 Rucker Rd

    Lot size
    2.39 lot acres
    Property type
    Commercial real estate
    APN
    22 387012400318

    Description

    This exceptional 2.39-acre lot, located at 290 Rucker Road in Alpharetta, Georgia (zip code 30004), presents a rare opportunity in the desirable Milton/Crabapple area. The property, identified by APN 22 387012400318, is zoned AG and residential, offering flexibility for various development options. Currently, it's ideal for constructing a substantial estate home, taking advantage of its level terrain and excellent location. However, the zoning allows for potential rezoning into smaller lots, ranging from 9,000 to 18,000 square feet, making it suitable for a small-scale development project. This prime piece of land is situated close to major thoroughfares like Highway 140, providing convenient access to surrounding areas. The property's proximity to established retail centers, including Kroger and Publix, adds to its appeal. This is one of the few remaining large lots in this highly sought-after neighborhood, making it a truly unique investment opportunity. The asking price for this exceptional property is $2,190,000. Don't miss this chance to acquire a piece of Alpharetta's coveted real estate market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Alpharetta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.352581576515
    Latitude
    34.07771908621

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    Similar Nearby for Sale

    • $7,000,000
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      Milton Estate with Private Lake

      Estate on 36 acres with main house, guest house, lake.
      1801 Birmingham Rd, Milton, GA 30004
      View Details
    • $2,033,875
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      Alpharetta Land on Birmingham Highway

      16.27-acre tract ideal for estate or equestrian property.
      17230 Birmingham Hwy, Alpharetta, GA 30004
      View Details
    • $2,033,875
      16.27 Acres

      Alpharetta Land with Pasture

      16.27 acre tract with pasture, convenient location.
      17230 Birmingham Hwy, Alpharetta, GA 30004
      View Details
    • $5,695,000
      16.27 Acres

      Sprawling Estate with Custom Residence

      16+ acre estate with to-be-built custom residence.
      17230a Birmingham Hwy, Alpharetta, GA 30004
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      Residential Lot in Gated Community

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      750 Oaks Trl W, Milton, GA 30004
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    • $1,963,050
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      Milton Land Opportunity

      11.38 acres in Milton, build estate or equestrian facility.
      14260 Phillips Cir, Milton, GA 30004
      View Details

    Similar Nearby for Lease

    • Contact for pricing

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      Alpharetta Warehouse Space For Lease

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      Alpharetta Retail Space Available

      Retail spaces for lease in high-traffic Alpharetta location.
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    Alpharetta, GA 30004
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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.

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