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Property profile & analytics
OFF-MARKET
Estimated value
$7,590,000
Industrial properties
5665 Shirlee Industrial N Way Alpharetta, GA 30004-5923
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1376146
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2007
Total area
35,072 SF
Lot
5.3 ac (230,868 SF)
Zoning code
M2
APN
018 140
UPID
US22-1376146
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
-
PowerComm USA, LLC. Construction Company
-
NGT GROUP LLC Telecommunications Service Construction Company
-
NGT GROUP Construction Company
-
JJE Constructors Construction Company General Contractor
-
World Fiber Technology Engineer Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.59M
Owner & transaction history
Ets Group LLC · 3 yrs held
Ets Group LLC
since 2022
Last sale
$7.8M
7 recorded transactions
Zoning & alternative use
M2 · Alpharetta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$12.5M
+109.0%
Retail stores
$11.0M
+83.9%
Medical building
$9.3M
+55.4%
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
$7,510,000
ML approach
$7,305,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,960,000
Current use
COMMERCIAL (GENERAL)
$12,455,000
Change: +109% · Conversion: Difficult
RETAIL STORES
$10,960,000
Change: +84% · Conversion: Moderate
MEDICAL BUILDING
$9,260,000
Change: +55% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,430,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$5,530,000
Change: -7% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,920,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$7.59M
Range $6.83M – $8.35M · ±10% · vs last sale $7.78M (Nov 30 2022)
Last sale anchor
$7.78M
Nov 30 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
$216 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$37,350
Tax year 2024
Assessed value
$1,523,127
Assessed 2024
Previous assessed
$2,371,664
-35.8% YoY
Effective rate
2.45%
On assessed value
Assessed land
$371,000
Assessed improvement
$1,152,127
Land market value
$927,500
Improvement market value
$2,880,317
Total market value
$3,807,817
Applied tax rate
1.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2007
Heating
NONE
Total area
35,072 SF
Lot
5.3 ac (230,868 SF)
Zoning code
M2
APN
018 140
UPID
US22-1376146
Jurisdiction
FORSYTH
Zoning & alternative use
M2 · Alpharetta, GA
Zoning M2 · permitted uses
M2 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$6.0M
COMMERCIAL (GENERAL)
Est. value
$12.5M
RETAIL STORES
Est. value
$11.0M
MEDICAL BUILDING
Est. value
$9.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.4M
OFFICE BUILDING
Est. value
$5.5M
WAREHOUSE, STORAGE
Est. value
$4.9M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
WAREHOUSE, STORAGE
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
Lot
5.3 ac
Current owner
From public records · entity-resolved
Ets Group LLC
Entity
Mailing address
1825 GRASSLAND PKWY STE C, ALPHARETTA, GA 30004-5792
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2022
$7,777,778
Ets Group LLC
Battle & Battle LLC
Warranty Deed
$6,222,220 · Jp Morgan Chase Bank
Oct 25, 2022
—
Battle & Battle LLC
—
Deed
related
$1,500,000 · Dare Capital Partners
Nov 19, 2021
—
Battle & Battle LLC
—
Deed
related
$800,000 · Citizens Bank
May 8, 2020
—
Battle & Battle LLC
—
Deed
related
$1,500,000 · Dare Capital
Mar 19, 2018
—
Battle & Battle LLC
—
Deed
related
$2,250,000 · Citizens Bk
Feb 20, 2013
$1,950,000
Battle & Battle LLC
Embro,james
Grant Deed
$1,657,500 · First Citizens Bank & Trust Co
Dec 30, 2010
—
James Embro
Synovus Bk
Quit Claim Deed
related
$500,000 · Synovus Bank
Sep 7, 2004
$320,000
James Embro
South Forsyth Land Partners LLC
Grant Deed
—
—
—
James Embro
—
Deed Of Trust
related
$1,500,000 · Bank Of North Georgia
—
—
Battle & Battle LLC
—
Loan Modification
related
$750,000 · First Citizens Bk
—
—
James Embro
—
Deed Of Trust
related
$1,175,000 · Synovus Bank
—
—
Battle & Battle LLC
—
Deed Of Trust
related
$1,500,000 · Dare Capital
—
—
Battle & Battle LLC
—
Deed Of Trust
related
$2,250,000 · 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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