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    OFF-MARKET Estimated value $2,055,000
    Assisted living facilities

    2950 Old Alabama Rd, Alpharetta, GA 30022-8595

    57,110 SF 3.43 ac lot Built 1998
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US22-0870340
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Ivey Ridge Senior Living Nursing Home Retirement Community
    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
    Lpc Nav Spv Series 1 LLC · 1 yrs held
    Lpc Nav Spv Series 1 LLC
    since 2025
    Last sale
    $2.1M
    7 recorded transactions
    2025
    2025
    2025
    $4.4M
    2024
    2024
    $2.1M
    2024
    2006
    Zoning & alternative use
    OIC · Alpharetta, GA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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