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Property profile & analytics
OFF-MARKET
Estimated value
$4,055,000
Strip malls
5304 Windward Pkwy Milton, GA 30004-3827
Entity Owned
14-yr Hold
Free & Clear
Property ID
US22-0525108
Property summary
AI-generated overview
This exceptional 1,450 square foot retail space is located at 5304 Windward Parkway in Alpharetta, Georgia, within the desirable Milton submarket of Fulton County. Part of a larger 17,000 square foot multi-tenant retail building with a total of seven suites, this unit offers excellent visibility and frontage on Windward Parkway. The space is currently vacant and available for immediate occupancy. It's delivered as a "vanilla box," providing flexibility for tenant build-out and customization to meet specific business needs. The property benefits from its convenient pad site location adjacent to a Home Depot, ensuring high traffic and exposure to a large customer base. The minimum divisible space is 1,450 square feet, making it ideal for a variety of retail businesses. The zip code is 30004. This prime retail location presents a unique opportunity for businesses seeking high visibility and accessibility in a thriving Alpharetta community. The property's coordinates are 34.08957694079753 latitude and -84.27385616876212 longitude.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2008
Total area
17,733 SF
Lot
2.23 ac (97,139 SF)
Zoning code
C1C
APN
22 528011190299
UPID
US22-0525108
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
$4.39M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.06M
Owner & transaction history
Northmark Windward LLC · 14 yrs held
Northmark Windward LLC
since 2011
4 recorded transactions
Zoning & alternative use
C1C · Milton, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.3M
+8.1%
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 Milton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milton 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,750,000
6.5%
$4,385,000
7%
$4,070,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,825,000
Current use
COMMERCIAL (GENERAL)
$6,300,000
Change: +8% · Conversion: Easy
RETAIL STORES
$5,540,000
Change: -5% · Conversion: Easy
MEDICAL BUILDING
$5,510,000
Change: -5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,170,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$4.06M
Range $3.65M – $4.46M · ±10%
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
$229 / 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
$54,407
Tax year 2023
Assessed value
$1,927,560
Assessed 2023
Previous assessed
$1,243,360
+55.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$802,760
Assessed improvement
$1,124,800
Land market value
$2,006,900
Improvement market value
$2,812,000
Total market value
$4,818,900
Applied tax rate
56.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2008
Heating
YES
Cooling
YES
Stories
1
Total area
17,733 SF
Lot
2.23 ac (97,139 SF)
Zoning code
C1C
APN
22 528011190299
UPID
US22-0525108
Jurisdiction
FULTON
Zoning & alternative use
C1C · Milton, GAZoning C1C · permitted uses
C1C · Milton, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$5.8M
COMMERCIAL (GENERAL)
Est. value
$6.3M
RETAIL STORES
Est. value
$5.5M
MEDICAL BUILDING
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$5.2M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
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
2008
Heating
YES
Cooling
Yes
Stories
1
Lot
2.23 ac
Current owner
From public records · entity-resolved
Northmark Windward LLC
Entity
Free & Clear · 14 yrs held
Mailing address
PO BOX 570486, ATLANTA, GA 30357-3108
Ownership since
2011
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
Nov 1, 2011
$4,100,000
Northmark Windward LLC
Real Dev Windward LLC
Trustees Deed
related
—
Mar 10, 2008
—
Real Dev Windward LLC
Wdb Holdings LLC
Quit Claim Deed
$4,725,000 · First Ga Bkng
Mar 7, 2008
$3,200,000
Real Development Windward LLC
Wdb Holdings LLC
Grant Deed
—
Mar 7, 2008
—
Real Development Windward LLC
Wdb Holdings LLC
Grant Deed
related
—
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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