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Property profile & analytics
FOR LEASE
Office buildings
3050 Royal Blvd S Alpharetta, GA 30022
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US22-1342354
For Lease
1 / 6
$20 SF/Yr
3050 Royal Blvd S, Alpharetta, GA 30022
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1997
Total area
25,660 SF
Lot
5.05 ac (219,978 SF)
Zoning code
OI
APN
12 299008490461
UPID
US22-1342354
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
-
Main Street Designs of Georgia, LLC Architect
-
Bizspeed Inc (Bike/Boat/Book/etc) Store Corporate Office
-
SYNERGY HomeCare of North Atlanta Nursing Home Senior Citizen Center
-
Apex Energy Solutions - Window Replacement & Entry Doors Hardware & Home Improvement Interior Design
-
Origination Design Architect
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.37M
CAP Approach
CAP
$5.64M
Comparable Approach
Comparable
$3.14M
Blend (final)
Blend
$4.30M
Owner & transaction history
Royal Office Suites LLC · 2 yrs held
Royal Office Suites LLC
since 2023
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
OI · 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
$3,665,000
ML approach
$4,365,000
CAP Approach
CAP Return
Estimation
6%
$6,110,000
6.5%
$5,640,000
7%
$5,235,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,360,000
Current use
Blend value · Realmo final
$4.30M
Range $3.87M – $4.72M · ±10% · vs last sale $4.48M (Oct 5 2023)
Last sale anchor
$4.48M
Oct 5 2023
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
$167 / 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
$33,147
Tax year 2023
Assessed value
$1,174,360
Assessed 2023
Previous assessed
$1,174,360
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$354,520
Assessed improvement
$819,840
Land market value
$886,300
Improvement market value
$2,049,600
Total market value
$2,935,900
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1997
Heating
YES
Cooling
YES
Stories
1
Total area
25,660 SF
Lot
5.05 ac (219,978 SF)
Zoning code
OI
APN
12 299008490461
UPID
US22-1342354
Jurisdiction
FULTON
Zoning & alternative use
OI · Alpharetta, GA
Zoning OI · permitted uses
OI · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.4M
OFFICE BUILDING Current
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
1997
Heating
YES
Cooling
Yes
Stories
1
Lot
5.05 ac
Current owner
From public records · entity-resolved
Royal Office Suites LLC
Entity
Mailing address
3050 ROYAL BLVD S, ALPHARETTA, GA 30022-4427
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2023
$4,475,000
Royal Office Suites LLC
3050 Royal LLC
Warranty Deed
$2,500,000 · Southern Farm Bureau Life Insurance
Jan 7, 2020
$3,036,100
3050 Royal LLC
Emc Royal Way LLC
Grant Deed
—
Jan 7, 2020
—
Emc Royal Way LLC
East Madeira Corp
Correction Deed
related
—
May 13, 2019
—
Emc Royal Way LLC
East Madeira Corp
Quit Claim Deed
related
—
Jun 25, 2018
$3,000,000
East Madeira Corp
Sugaroak Kimball Royal LLC
Grant Deed
$2,100,000 · Miscellaneous Ins Co
Jun 25, 2018
—
East Madeira Corp
Sugaroak Kimball Royal LLC
Quit Claim Deed
related
—
Dec 5, 2013
—
Sugaroak Kimball Royal LLC
Kr Office Partners LLC
Quit Claim Deed
related
$2,500,000 · Virginia Heritage Bk
Dec 5, 2013
$3,850,000
Sugaroak Kimball Royal LLC
Kr Office Partners LLC
Grant Deed
—
Oct 21, 2011
—
Kr Office Partners LLC
Kimball Royal Office Invtrs
Grant Deed
$2,400,000 · American National Insurance Co
May 14, 2007
$3,800,000
Kimball Royal Office Invtrs Ll
Royal Office Condominium Invtr
Grant Deed
$5,400,000 · Branch Bk&tr
May 14, 2007
$3,000,000
Kimball Royal Office Invtrs Ll
Kimball Royal Office Invtrs Ll
Grant Deed
related
—
Apr 27, 2007
—
Kimball,royal Office Investror
Kimball,royal Office Inves
Quit Claim Deed
related
—
Apr 27, 2007
$300,000
Kimbal,royal Office Investors
Kimball,royal Office Inves
Grant Deed
related
—
Jan 26, 2007
—
Kimball Royal Office Invtrs LLC
Deck-royal 400 Court LLC
Quit Claim Deed
$2,180,000 · Birchwood Invs
Jan 26, 2007
$3,000,000
Kimball Royal Office Invtrs LLC
Deck-royal 400 Court LLC
Grant Deed
—
Jan 24, 2007
—
Kimball,royal Office Investors
Deck,royal 400 Court L L C
Grant Deed
related
—
May 17, 2005
$3,250,000
Royal Office Condominium Invtrs
Deck-royal 400 Phase II LLC
Grant Deed
related
$3,100,000 · Branch Bk&tr
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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