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Property profile & analytics
OFF-MARKET
Estimated value
$4,170,000
Office buildings
3875 Mansell Rd Alpharetta, GA 30022-1532
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US22-0289544
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1999
Total area
20,330 SF
Lot
2.6 ac (113,256 SF)
Zoning code
OI
APN
12 274007390368
UPID
US22-0289544
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
-
HoneyBaked Ham Corporate Office Corporate Office
-
Harry Norman Realtors Real Estate Agency
-
Omi Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.12M
CAP Approach
CAP
$4.47M
Comparable Approach
Comparable
$3.03M
Blend (final)
Blend
$4.17M
Owner & transaction history
Fariz Leasing LLC · 2 yrs held
Fariz Leasing LLC
since 2023
Last sale
$4.8M
7 recorded transactions
Zoning & alternative use
OI · Alpharetta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$6.7M
+93.4%
Retail stores
$6.4M
+83.9%
Medical building
$6.3M
+82.8%
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
$3,890,000
ML approach
$4,120,000
CAP Approach
CAP Return
Estimation
6%
$4,840,000
6.5%
$4,470,000
7%
$4,150,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,455,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$6,680,000
Change: +93% · Conversion: Difficult
RETAIL STORES
$6,350,000
Change: +84% · Conversion: Moderate
MEDICAL BUILDING
$6,315,000
Change: +83% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,925,000
Change: +72% · Conversion: Difficult
Blend value · Realmo final
$4.17M
Range $3.75M – $4.59M · ±10% · vs last sale $4.75M (Aug 8 2023)
Last sale anchor
$4.75M
Aug 8 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
$205 / 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
$33,126
Tax year 2023
Assessed value
$1,173,600
Assessed 2023
Previous assessed
$1,173,600
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$599,040
Assessed improvement
$574,560
Land market value
$1,497,600
Improvement market value
$1,436,400
Total market value
$2,934,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1999
Heating
YES
Cooling
YES
Stories
1
Total area
20,330 SF
Lot
2.6 ac (113,256 SF)
Zoning code
OI
APN
12 274007390368
UPID
US22-0289544
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
$3.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.7M
RETAIL STORES
Est. value
$6.4M
MEDICAL BUILDING
Est. value
$6.3M
AUTO REPAIR, GARAGE
Est. value
$5.9M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
1999
Heating
YES
Cooling
Yes
Stories
1
Lot
2.6 ac
Current owner
From public records · entity-resolved
Fariz Leasing LLC
Entity
Mailing address
3875 MANSELL RD, ALPHARETTA, GA 30022-1532
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
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2023
—
Fariz Leasing LLC
Fariz Leasing LLC
Quit Claim Deed
related
$9,750 · First Citizens Bank
Aug 8, 2023
$4,750,000
Fariz Leasing LLC
Farbolin Family Properties LLC
Limited Warranty Deed
—
Nov 19, 2010
$210,300
Hbh Mansell Properties LLC
Jocelyn Flordeliza LLC
Grant Deed
—
Nov 19, 2010
$171,400
Hbh Mansell Properties LLC
Bruce Holmes LLC
Grant Deed
—
Nov 19, 2010
$159,800
Hbh Mansell Properties LLC
Alan Curtis LLC
Grant Deed
—
Nov 19, 2010
$260,600
Hbh Mansell Properties LLC
Nunes-alpharetta LLC
Grant Deed
—
Nov 19, 2010
$40,400
Hbh Mansell Properties LLC
Panda LLC
Grant Deed
—
Nov 19, 2010
$199,000
Hbh Mansell Properties LLC
Carl D Yeakey LLC
Grant Deed
—
Nov 19, 2010
—
Hbh Mansell Properties LLC
Tic Morningside Forest LLC
Quit Claim Deed
related
—
Nov 19, 2010
$23,000
Hbh Mansell Properties LLC
Tic Morningside Forest LLC
Grant Deed
—
Nov 19, 2010
$82,300
Hbh Mansell Properties LLC
Gregg H Scheibe LLC
Grant Deed
—
Nov 19, 2010
$110,800
Hbh Mansell Properties LLC
Lisa Lam LLC
Grant Deed
—
Nov 19, 2010
$226,300
Hbh Mansell Properties LLC
Geo Equity Properties LLC
Grant Deed
—
Nov 19, 2010
$67,700
Hbh Mansell Properties LLC
Howard Gore LLC
Grant Deed
—
Nov 19, 2010
$92,500
Hbh Mansell Properties LLC
C2 Properties LLC
Grant Deed
—
Nov 19, 2010
$1,400
Tic Morningside Forest LLC
1031 Alpharetta LLC
Grant Deed
related
—
Aug 3, 2004
$225,700
C2 Properties LLC
1031 Alpharetta
Grant Deed
—
Aug 3, 2004
$200,000
Gregg H Scheibe LLC
1031 Alpharetta
Grant Deed
—
Aug 3, 2004
$410,300
Lovejoys Properties LLC
1031 Alpharetta
Grant Deed
—
Aug 3, 2004
$552,000
Geo Equity Properties LLC
1031 Alpharetta
Grant Deed
related
—
Jul 28, 2004
$4,415,000
1031 Alpharetta LLC
Morningside Forest Partners LLC
Grant Deed
$2,869,750 · Blx Cap
—
—
Hbh Mansell Properties LLC
—
Deed Of Trust
related
$3,385,000 · Miscellaneous Ins Co
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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