Property profile

2950 Old Alabama Rd Alpharetta, GA 30022

OFF-MARKET
Assisted living facilities
Property ID
US22-0870340
57,110 SF 3.43 ac lot Built 1998
Entity Owned 1-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This ±6.39-acre site in Alpharetta, Georgia, presents a unique redevelopment opportunity. Currently occupied by an assisted living facility, the property is zoned OI and ideally positioned for a luxury residential subdivision, aligning with the Johns Creek future land use plan designating it as Commercial/Multifamily. Located at 2950 Old Alabama Rd, 30022, this Fulton County property boasts convenient access to major thoroughfares like Holcomb Bridge Road and GA State Route 400. The area offers exceptional amenities, including proximity to high-quality shopping, dining, and hotels. Residents will enjoy nearby parks such as the Roswell Greenway and Big Creek Park (less than 2.5 miles away). The site benefits from its location within highly sought-after neighborhoods and is surrounded by excellent schools, including Mount Pisgah Christian School, Centennial High School, Haynes Bridge Middle School, and Northwood Elementary. The affluent community boasts a high average household income, exceeding $186,000 within a 3-mile radius and $170,000 within a 5-mile radius. This prime location makes it an attractive investment for developers seeking to capitalize on the area's strong demographics and desirable lifestyle. The property's size and location offer significant potential for a high-value development project.

Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1998
Total area 57,110 SF
Lot 3.43 ac (149,411 SF)
Zoning code OIC
APN 12 303008410824
UPID US22-0870340

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Nursing Home Retirement Community

Location

2950 Old Alabama Rd Alpharetta, GA 30022-8595
Alpharetta metro Census 11428 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.06M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.06M

Owner & transaction history

since 2025
Last sale
$2.1M
7 recorded transactions
2025
Price N/A
2025
Price N/A
2025
$4.4M
2024
Price N/A
2024
$2.1M
2024
Price N/A
2006
Price N/A

Zoning & alternative use

OIC · Alpharetta, GA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2950 Old Alabama Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message