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Property profile & analytics
OFF-MARKET
Parking lots & garages
400 Cumming St Alpharetta, GA 30004
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-4643719
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Lot
1 ac (43,560 SF)
Zoning code
CUP
APN
22 529011850148
UPID
US22-4643719
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Development Authority Of Alpharet · 11 yrs held
Development Authority Of Alpharet
since 2014
7 recorded transactions
Zoning & alternative use
CUP · Alpharetta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
A planned mixed use district which allows the combination of dwelling, For Sale, and dwelling, For Rent,residentialuses, neighborhood shopping use, or office and institutional use in accordance with a specific concept plan
Zone name
Community Unit Plan
General category
MIXED_USE
Zone area
6,155.38 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,153
Tax year 2023
Assessed value
$182,560
Assessed 2023
Previous assessed
$185,960
-1.8% YoY
Effective rate
2.82%
On assessed value
Assessed land
$159,960
Assessed improvement
$22,600
Land market value
$399,900
Improvement market value
$56,500
Total market value
$456,400
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Heating
NONE
Lot
1 ac (43,560 SF)
Zoning code
CUP
APN
22 529011850148
UPID
US22-4643719
Jurisdiction
FULTON
Zoning & alternative use
CUP · Alpharetta, GAZoning CUP · permitted uses
CUP · Alpharetta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
A planned mixed use district which allows the combination of dwelling, For Sale, and dwelling, For Rent,residentialuses, neighborhood shopping use, or office and institutional use in accordance with a specific concept plan
Zone name
Community Unit Plan
General category
MIXED_USE
Zone area
6,155.38 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
1 ac
Current owner
From public records · entity-resolved
Development Authority Of Alpharet
Entity
Mailing address
888 7TH AVE, NEW YORK, NY 10106-0001
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Aug 12, 2016
—
Development Authority Of Alpharet
—
Deed
related
$55,750,000 · Us Bk
Nov 19, 2014
—
Development Authority Of Alpharet
Cobalt Office Park Ptrs LLC
Grant Deed
related
$55,750,000 · Us Bk
Mar 28, 2014
—
Cobalt Office Park Ptrs LLC
—
Grant Deed
related
$55,600,000 · Fifth Third Bank
Mar 6, 2013
$20,100,000
Cobalt Office Park Ptrs LLC
Clarendon Real Estate LLC
Grant Deed
—
Apr 7, 2006
$800,000
Imperatum Georgia LLC
Promise Land Dev LLC
Grant Deed
—
Mar 17, 2004
—
Promise Land Dev LLC
—
Trustees Deed
related
$35,000 · Peachtree Bk
—
—
Development Authority Of Alpharet
—
Loan Modification
related
$55,750,000 · Us Bk
—
—
Lcn Fis Alpharetta Ga LLC
—
Deed Of Trust
related
$65,000,000 · Deutsche Bk Ag/ny Branch
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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