Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,005,000
Office buildings
390 Main St Alpharetta, GA 30009-2322
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US22-0963879
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1998
Construction
WOOD
Total area
3,108 SF
Lot
0.3 ac (13,155 SF)
Zoning code
OP
APN
22 481311800144
UPID
US22-0963879
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
-
Noor Studio and Gallery Art Gallery
-
Markwell Gary J Law Firm
-
Calvin DuBose - State Farm Insurance Agent Insurance Agency
-
Thomann Law Firm LLC Law Firm
-
Oster & Fischer LLC Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$890k
CAP Approach
CAP
$685k
Comparable Approach
Comparable
$1.20M
Blend (final)
Blend
$1.01M
Owner & transaction history
Cal Estate Holdings LLC · 3 yrs held
Cal Estate Holdings LLC
since 2023
Last sale
$1.2M
4 recorded transactions
Zoning & alternative use
OP · Alpharetta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+35.5%
Neighborhood: shopping center
$1.0M
+25.3%
Retail stores
$970,000
+19.2%
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
$950,000
ML approach
$890,000
CAP Approach
CAP Return
Estimation
6%
$740,000
6.5%
$685,000
7%
$635,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$815,000
Current use
COMMERCIAL (GENERAL)
$1,105,000
Change: +35% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,020,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$970,000
Change: +19% · Conversion: Moderate
MEDICAL BUILDING
$965,000
Change: +18% · Conversion: Easy
AUTO REPAIR, GARAGE
$905,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$1.01M
Range $905k – $1.11M · ±10% · vs last sale $1.16M (May 8 2023)
Last sale anchor
$1.16M
May 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
$323 / 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
$9,992
Tax year 2023
Assessed value
$354,000
Assessed 2023
Previous assessed
$351,920
+0.6% YoY
Effective rate
2.82%
On assessed value
Assessed land
$104,160
Assessed improvement
$249,840
Land market value
$260,400
Improvement market value
$624,600
Total market value
$885,000
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
1998
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
3,108 SF
Lot
0.3 ac (13,155 SF)
Zoning code
OP
APN
22 481311800144
UPID
US22-0963879
Jurisdiction
FULTON
Zoning & alternative use
OP · Alpharetta, GA
Zoning OP · permitted uses
OP · 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
$815,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
RETAIL STORES
Est. value
$970,000
MEDICAL BUILDING
Est. value
$965,000
AUTO REPAIR, GARAGE
Est. value
$905,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
1998
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Cal Estate Holdings LLC
Entity
Mailing address
11100 ATLANTIS PL, ALPHARETTA, GA 30022-1161
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2023
$1,159,600
Cal Estate Holdings LLC
Goodwin Wright INC
Warranty Deed
$927,680 · Synovus Bank
Aug 27, 2021
$899,900
Goodwin Wright INC
Alpharetta Partners LLC
Warranty Deed
—
—
—
Alpharetta Partners LLC
—
Deed Of Trust
related
$438,480 · Century Security Bank
—
—
Alpharetta Partners LLC
—
Deed Of Trust
related
$389,854 · Bank Of North Ga
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 390 Main St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
