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Property profile & analytics
OFF-MARKET
Estimated value
$49,395,000
Office buildings
5405 Windward Pkwy Alpharetta, GA 30004-4667
Entity Owned
4-yr Hold
Free & Clear
Property ID
US22-1023154
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1997
Total area
279,125 SF
Lot
18.55 ac (808,038 SF)
Zoning code
OI
APN
22 529011850346
UPID
US22-1023154
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
-
Avanos Medical, Inc. Production Facility Factory
-
Coolief Physician
-
Game Ready Production Facility Factory
-
Andritz Inc. Engineering Consultant
-
Avenger Engineering Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$61.34M
Comparable Approach
Comparable
$39.96M
Blend (final)
Blend
$49.40M
Owner & transaction history
5405 Windward Acquisitions LLC · 4 yrs held
5405 Windward Acquisitions LLC
since 2021
Last sale
$48.0M
3 recorded transactions
Zoning & alternative use
OI · Alpharetta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$81.4M
+84.9%
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
$49,670,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$66,450,000
6.5%
$61,340,000
7%
$56,955,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$43,995,000
Current use
AUTO REPAIR, GARAGE
$81,350,000
Change: +85% · Conversion: Difficult
Blend value · Realmo final
$49.40M
Range $44.46M – $54.33M · ±10% · vs last sale $48.00M (Oct 29 2021)
Last sale anchor
$48.00M
Oct 29 2021
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
$177 / 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
$539,242
Tax year 2023
Assessed value
$17,269,000
Assessed 2023
Previous assessed
$17,269,000
+0.0% YoY
Effective rate
3.12%
On assessed value
Assessed land
$6,678,000
Assessed improvement
$10,591,000
Land market value
$16,695,000
Improvement market value
$26,477,500
Total market value
$43,172,500
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
1997
Heating
YES
Cooling
YES
Stories
1
Total area
279,125 SF
Lot
18.55 ac (808,038 SF)
Zoning code
OI
APN
22 529011850346
UPID
US22-1023154
Jurisdiction
FULTON
Zoning & alternative use
OI · Alpharetta, GA
Zoning OI · permitted uses
OI · 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
$44.0M
AUTO REPAIR, GARAGE
Est. value
$81.4M
OFFICE BUILDING Current
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
1997
Heating
YES
Cooling
Yes
Stories
1
Lot
18.55 ac
Current owner
From public records · entity-resolved
5405 Windward Acquisitions LLC
Entity
Free & Clear · 4 yrs held
Mailing address
210 INTERSTATE N PKWY SE STE #50, ATLANTA, GA 30339-2230
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2022
—
5405 Windward Acquisitions LLC
—
Deed
related
$40,000,000 · Mesa West Real Estate Income Fund V
Oct 29, 2021
—
5405 Windward Acquisitions LLC
Highwoods Realty Limited Partnershi
Warranty Deed
—
Oct 29, 2021
$48,000,000
5405 Windward Acquisitions LLC
Highwoods Realty Limited Partnershi
Limited Warranty Deed
—
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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