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Property profile & analytics
FOR LEASE
Retail space
4150 Old Milton Pkwy Alpharetta, GA 30005
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US22-2004163
For Lease
$22 SF/Yr
4150 Old Milton Pkwy, Alpharetta, GA 30005
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Total area
49,070 SF
Lot
5.12 ac (223,027 SF)
Zoning code
CUP
APN
11 025000900351
UPID
US22-2004163
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
-
Jerusalem Bakery & Grill Restaurant
-
Juanitas Hair Salon Alpharetta Hair Salon Nail Salon
-
Reserve 116 Hotel & Motel Resort
-
Sulit Coffee & Wine Bar Restaurant
-
Atlanta Dance Theatre Theater & Performing Art Venue Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.22M
CAP Approach
CAP
$9.69M
Comparable Approach
Comparable
$8.56M
Blend (final)
Blend
$10.16M
Owner & transaction history
Sja Properties LLC · 4 yrs held
Sja Properties LLC
since 2022
Last sale
$11.5M
6 recorded transactions
Zoning & alternative use
CUP · Alpharetta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$16.1M
+5.2%
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
$10,470,000
ML approach
$9,215,000
CAP Approach
CAP Return
Estimation
6%
$10,495,000
6.5%
$9,690,000
7%
$8,995,000
Alternative Use
Use
Estimation
RETAIL STORES
$15,330,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$16,125,000
Change: +5% · Conversion: Moderate
MEDICAL BUILDING
$15,245,000
Change: -1% · Conversion: Difficult
AUTO REPAIR, GARAGE
$14,300,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$10.16M
Range $9.14M – $11.17M · ±10% · vs last sale $11.50M (Jul 22 2022)
Last sale anchor
$11.50M
Jul 22 2022
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
$207 / 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
$45,162
Tax year 2023
Assessed value
$1,600,000
Assessed 2023
Previous assessed
$1,600,000
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$921,600
Assessed improvement
$678,400
Land market value
$2,304,000
Improvement market value
$1,696,000
Total market value
$4,000,000
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
For Lease
Year built
2007
Heating
NONE
Stories
1
Total area
49,070 SF
Lot
5.12 ac (223,027 SF)
Zoning code
CUP
APN
11 025000900351
UPID
US22-2004163
Jurisdiction
FULTON
Zoning & alternative use
CUP · Alpharetta, GA
Zoning CUP · permitted uses
CUP · 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
RETAIL STORES Current
Est. value
$15.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$16.1M
MEDICAL BUILDING
Est. value
$15.2M
AUTO REPAIR, GARAGE
Est. value
$14.3M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
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
2007
Heating
NONE
Stories
1
Lot
5.12 ac
Current owner
From public records · entity-resolved
Sja Properties LLC
Entity
Mailing address
575 HAMILTON HLS DR, AUBURN, AL 36830-7525
Ownership since
2022
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 22, 2022
$11,500,000
Sja Properties LLC
Neel LLC
Limited Warranty Deed
$9,200,000 · Southern States Bank
Jan 7, 2019
—
Neel LLC
—
Deed
related
$2,200,000 · First Citizens Bk
Nov 18, 2013
—
Neel LLC
Mb Reo-ga Retail LLC
Quit Claim Deed
related
$1,919,900 · State Bk&tr
Nov 18, 2013
$3,200,000
Neel LLC
Mb Reo-ga Retail LLC
Grant Deed
—
Mar 7, 2011
$5,350,000
Mb Reo Ga-retail LLC
Ln Old Milton Parkway LLC
Trustees Deed
—
—
—
Neel LLC
—
Deed Of Trust
related
$2,200,000 · First Citizens Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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