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Property profile & analytics
FOR SALE
Office buildings
3330 Preston Ridge Rd Alpharetta, GA 30005
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US22-1335857
For Sale
$19,490,000
3330 Preston Ridge Rd, Alpharetta, GA 30005
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2008
Total area
117,716 SF
Lot
6.66 ac (289,935 SF)
Zoning code
CUP
APN
12 311009090560
UPID
US22-1335857
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
-
CityWide Mechanical | Alpharetta Heating and Air HVAC Service General Contractor
-
Northside Hospital Cancer Institute Radiation Oncology – Preston Ridge Physician
-
Gastroenterology Consultants, PC Physician
-
Northside ENT Specialists - Alpharetta Medical Clinic Physician
-
Georgia Endoscopy Center, LLC Medical Clinic Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$25.87M
Comparable Approach
Comparable
$16.27M
Blend (final)
Blend
$19.49M
Owner & transaction history
Bay Mountain Fund 1 LLC · 2 yrs held
Bay Mountain Fund 1 LLC
since 2023
Last sale
$22.6M
7 recorded transactions
Zoning & alternative use
CUP · 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
$18,475,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$28,025,000
6.5%
$25,870,000
7%
$24,020,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$20,370,000
Current use
Blend value · Realmo final
$19.49M
Range $17.54M – $21.44M · ±10% · vs last sale $22.56M (Jul 31 2023)
Last sale anchor
$22.56M
Jul 31 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
$166 / 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
$178,098
Tax year 2023
Assessed value
$6,309,720
Assessed 2023
Previous assessed
$6,309,720
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$1,198,080
Assessed improvement
$5,111,640
Land market value
$2,995,200
Improvement market value
$12,779,100
Total market value
$15,774,300
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 Sale
Year built
2008
Heating
NONE
Buildings
2
Stories
1
Units
1
Total area
117,716 SF
Lot
6.66 ac (289,935 SF)
Zoning code
CUP
APN
12 311009090560
UPID
US22-1335857
Jurisdiction
FULTON
Zoning & alternative use
CUP · Alpharetta, GA
Zoning CUP · permitted uses
CUP · 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
$20.4M
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
2008
Heating
NONE
Stories
1
Buildings
2
Units
1
Lot
6.66 ac
Current owner
From public records · entity-resolved
Bay Mountain Fund 1 LLC
Entity
Mailing address
3330 PRESTON RDG RD, ALPHARETTA, GA 30005-4508
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2023
$10,100,000
Bay Mountain Fund 1 LLC
Glenridge Lifehope Parking Spe LLC
Quit Claim Deed
related
—
Dec 5, 2022
$22,563,360
Sfg Preston Ridge LLC
Preston Professional LLC
Limited Warranty Deed
$17,515,700 · Delta Community Credit Union
Dec 5, 2022
—
Sfg Preston Ridge Mob LLC
Sfg Preston Ridge LLC
Limited Warranty Deed
—
Dec 5, 2022
$7,385,900
Signet Clinical LLC
Sfg Preston Ridge LLC
Limited Warranty Deed
—
Feb 26, 2021
—
Preston Professional LLC
—
Deed
related
$15,750,000 · Members First Credit Union
Oct 28, 2019
—
City Of Alpharetta
Preston Ridge Assn INC
Quit Claim Deed
related
—
Nov 15, 2012
—
Preston Professional LLC
Preston Prof Building II LLC
Quit Claim Deed
related
$17,750,000 · Miscellaneous Ins Co
Dec 26, 2007
$300,000
Preston Professional Building
Preston Professional 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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