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Property profile & analytics
OFF-MARKET
Estimated value
$13,835,000
Strip malls
3005 Old Alabama Rd Alpharetta, GA 30022-8594
Entity Owned
11-yr Hold
Free & Clear
Property ID
US22-4459194
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2000
Total area
72,122 SF
Lot
12.82 ac (558,439 SF)
Zoning code
C1
APN
12 303008401591
UPID
US22-4459194
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
-
Elite Real Estate Properties Real Estate Agency
-
CH Home Furniture & Home Goods Home Decor Store
-
Mibab Orthodontics Dental Office
-
Tumbles Johns Creek Gym & Fitness Center
-
The Lash Lounge Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.83M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.84M
Owner & transaction history
Old Alabama Square Station LLC · 11 yrs held
Old Alabama Square Station LLC
since 2015
2 recorded transactions
Zoning & alternative use
C1 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$19,315,000
6.5%
$17,830,000
7%
$16,560,000
Alternative Use
Use
Estimation
RETAIL STORES
$22,535,000
Change: -5% · Conversion: Easy
MEDICAL BUILDING
$22,405,000
Change: -5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$21,020,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$13.84M
Range $12.45M – $15.22M · ±10%
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
$192 / 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
$213,219
Tax year 2023
Assessed value
$7,554,000
Assessed 2023
Previous assessed
$7,554,000
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$4,038,320
Assessed improvement
$3,515,680
Land market value
$10,095,800
Improvement market value
$8,789,200
Total market value
$18,885,000
Applied tax rate
57.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2000
Heating
YES
Cooling
YES
Buildings
4
Stories
1
Total area
72,122 SF
Lot
12.82 ac (558,439 SF)
Zoning code
C1
APN
12 303008401591
UPID
US22-4459194
Jurisdiction
FULTON
Zoning & alternative use
C1 · Alpharetta, GAZoning C1 · permitted uses
C1 · Alpharetta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$22.5M
MEDICAL BUILDING
Est. value
$22.4M
AUTO REPAIR, GARAGE
Est. value
$21.0M
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Lot
12.82 ac
Current owner
From public records · entity-resolved
Old Alabama Square Station LLC
Entity
Free & Clear · 11 yrs held
Mailing address
11501 NORTHLAKE DR, CINCINNATI, OH 45249-1669
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2015
—
Old Alabama Square Station LLC
Old Alabama LLC
Quit Claim Deed
related
—
Jun 12, 2015
$3,671,500
Old Alabama Square Station LLC
Old Alabama LLC
Grant 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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