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Property profile & analytics
OFF-MARKET
Estimated value
$3,550,000
Retail space
380 Pt Pkwy Alpharetta, GA 30005
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US22-1011468
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1995
Total area
20,356 SF
Lot
2.18 ac (94,961 SF)
Zoning code
PSC
APN
12 273007420415
UPID
US22-1011468
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.55M
CAP Approach
CAP
$4.02M
Comparable Approach
Comparable
$2.17M
Blend (final)
Blend
$3.55M
Owner & transaction history
Wales Georgia Real Estate LLC · 2 yrs held
Wales Georgia Real Estate LLC
since 2024
Last sale
$3.6M
6 recorded transactions
Zoning & alternative use
PSC · Alpharetta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
A district intended to accommodate a group of retail sales and services establishments planned, constructed, and managed as a total entity
Zone name
Planned Shopping Center
General category
COMMERCIAL
Zone area
555.04 ac
Source
Realmo
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
$3,550,000
ML approach
$3,550,000
CAP Approach
CAP Return
Estimation
6%
$4,355,000
6.5%
$4,020,000
7%
$3,730,000
Blend value · Realmo final
$3.55M
Range $3.20M – $3.91M · ±10% · vs last sale $3.55M (Jul 23 2024)
Last sale anchor
$3.55M
Jul 23 2024
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
$174 / 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
Assessed value
$1,680,000
Assessed 2023
Previous assessed
$2,626,000
-36.0% YoY
Assessed land
$588,600
Assessed improvement
$1,091,400
Land market value
$1,471,500
Improvement market value
$2,728,500
Total market value
$4,200,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1995
Heating
YES
Cooling
YES
Stories
1
Total area
20,356 SF
Lot
2.18 ac (94,961 SF)
Zoning code
PSC
APN
12 273007420415
UPID
US22-1011468
Jurisdiction
FULTON
Zoning & alternative use
PSC · Alpharetta, GAZoning PSC · permitted uses
PSC · Alpharetta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
A district intended to accommodate a group of retail sales and services establishments planned, constructed, and managed as a total entity
Zone name
Planned Shopping Center
General category
COMMERCIAL
Zone area
555.04 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1995
Heating
YES
Cooling
Yes
Stories
1
Lot
2.18 ac
Current owner
From public records · entity-resolved
Wales Georgia Real Estate LLC
Entity
Mailing address
13833 N WELLINGTON TRCE #238, WEST PALM BEACH, FL 33414-2116
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2024
$3,550,000
Wales Georgia Real Estate LLC
Palm J LLC
Warranty Deed
—
Nov 14, 2011
—
Noble Net Lease Iiij LLC
—
Deed Of Trust
related
$25,000,000 · Barclays Bank Plc
Aug 23, 2011
$6,816,000
Noble Net Lease Iiij LLC
380 North Point Circle LLC
Grant Deed
—
Apr 21, 2006
—
380 North Point Circle LLC
Gordon Herman D
Quit Claim Deed
related
—
Apr 21, 2006
$6,200,000
380 North Point Circle LLC
Gordon Herman D
Grant Deed
—
—
—
Palm J LLC
—
Deed Of Trust
related
$33,000,000 · Bank Of America
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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