Entity Owned Property summary
AI-generated overview
This exceptional industrial property, located at 4040 Nine McFarland Drive in Alpharetta, Georgia, offers a prime opportunity for businesses seeking warehouse or distribution space. The building boasts a total of 30,000 square feet, with 5,000 square feet currently available for lease. Situated on a generous 2.55-acre lot, the property features an 18-foot ceiling height, providing ample vertical storage capacity. Access is facilitated by one dock-high door, ensuring efficient loading and unloading operations. The property is zoned M1C, allowing for a variety of industrial uses. Its convenient location offers easy access to McFarland Parkway and GA 400, providing excellent connectivity to major transportation arteries. The building is currently under multiple tenancy. This Alpharetta location in Fulton County, zip code 30004, presents a strategic advantage for businesses seeking a well-connected and functional warehouse space. The available 5,000 square feet offers a flexible solution for various operational needs. Don't miss this chance to secure a prime industrial space in a thriving Alpharetta location.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1987
Total area
22,700 SF
Lot
2.55 ac (111,078 SF)
Zoning code
M1
APN
019 031
UPID
US22-1961427
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Commercial Cleaning Service
-
Computer & Electronic Repair
-
Production Facility Factory
-
General Contractor
-
Carpet & Flooring Store Hardware & Home Improvement
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.13M
Comparable Approach
Comparable
$1.48M
Blend (final)
Blend
$885k
Owner & transaction history
since 2013
3 recorded transactions
Zoning & alternative use
M1 · Alpharetta, GA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$885k
Value range
$797k – $974k
±10% around blend
Estimated value / SF
$39 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
30
$797k
blend $885k
$974k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
22,700 SF
Lot area
2.55 ac
Year built
1987
Stories
1
APN
019 031
Zoning
M1
Assessed value
$1,436,400
Annual tax
$35,223
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.13M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.31M
@ 6.5% CAP return
$2.13M
@ 7% CAP return
$1.98M
4
Sales comparison
Partial preview
Sales approach indication
$3.75M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
20.0 mi away · 16,106 SF
22.6 mi away · 16,200 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$885k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 57 sales
$170
-77%
Submarket 86 sales
$176
-78%
County 143 sales
$164
-76%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $39/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.44M
Move the market yield to see immediate price impact.
Value / SF
$63
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$90k
$1.81M
$1.29M
$1.01M
$101k
$2.01M
$1.44M
$1.12M
$111k
$2.21M
$1.58M
$1.23M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$2.75M
10.5 mi · Feb 2026 · $172/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$35,223
Tax year 2024
Assessed value
$1,436,400
Assessed 2024
Previous assessed
$1,803,273
-20.3% YoY
Effective rate
2.45%
On assessed value
Assessed land
$267,752
Assessed improvement
$1,168,648
Land market value
$669,380
Improvement market value
$2,921,620
Total market value
$3,591,000
Applied tax rate
1.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1987
Heating
FORCED AIR
Cooling
NONE
Stories
1
Units
1
Bathrooms
1
Total area
22,700 SF
Lot
2.55 ac (111,078 SF)
Zoning code
M1
APN
019 031
UPID
US22-1961427
Jurisdiction
FORSYTH
Zoning & alternative use
M1 · Alpharetta, GAZoning M1 · permitted uses
M1 · Alpharetta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
2.55 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M1
Jurisdiction
Alpharetta, GA
Recorded code
M1
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for M1 in Alpharetta, GA.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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