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    Property profile & analytics

    5690 State Bridge Rd Alpharetta, GA 30022

    • Assisted living facilities
    • 44,716 SF
    • 1.92 lot acres
    For Lease
    View listing
    $70,000
    Last Sale
    Feb 06, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1617743
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Assisted living facilities

    Property Details for 5690 State Bridge Rd

    Year built
    1997
    Construction
    STEEL FRAME
    Lot size
    1.92 lot acres
    Property size
    44,716 SF
    Zone code
    OIC
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    11 083002860644
    APU
    11083002860644

    Description

    This exceptional assisted living facility, situated on a spacious 1.92-acre lot in Alpharetta, Georgia, presents a unique investment opportunity. The property boasts a substantial 46,590 square feet of space, housed within a single, three-story building constructed in 1997. The facility currently comprises 59 residential units, catering to a significant resident population. Its strategic location within Johns Creek, Georgia offers unparalleled convenience and accessibility. Nearby amenities include a wide array of essential services and recreational options. Hospitals and emergency care facilities are readily available, ensuring residents' well-being. Residents and their families can easily access restaurants, shopping centers, parks, and museums, enhancing their quality of life. Furthermore, the property's proximity to a nature reserve and the Chattahoochee River provides residents with access to tranquil natural surroundings. This well-established facility presents a compelling investment prospect in a thriving and desirable location, offering significant potential for continued success and growth within the assisted living sector. The property's size, unit count, and prime location combine to create a highly attractive offering for investors seeking a stable and rewarding investment in the healthcare real estate market. The building's age and condition are factors to be considered in a thorough due diligence process. The property is offered at $2,375,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,699,000
      Market price range: $722k - $7.58M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Johns Creek
    County
    Fulton
    State
    Georgia
    Longitude
    -84.1935
    Latitude
    34.0197
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $73,388
    $826,000
    $1,774,000
    $2,600,000
    -
    $2,065,000
    $4,435,000
    $6,500,000

    Comparable in this City

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      57,110 SF

      2950 Old Alabama Rd

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      View Details
    • Value Estimation
      $600,000
      7,100 SF

      10220 Jones Brg Rd

      HOMES (RETIRED, NURSING) • 7,100 SF
      10220 Jones Brg Rd, Alpharetta, GA 30022-5794
      View Details
    • Value Estimation
      $7,485,000
      52,053 SF

      4125 Pt Pkwy

      HOMES (RETIRED, NURSING) • 52,053 SF
      4125 Pt Pkwy, Alpharetta, GA 30022-4100
      View Details
    • Value Estimation by Request
      866 SF

      9460 Nesbit Fry Rd

      HOMES (RETIRED, NURSING) • 866 SF
      9460 Nesbit Fry Rd, Alpharetta, GA 30022
      View Details
    • Value Estimation
      $1,700,000
      28,266 SF

      9212 Nesbit Fry Rd

      HOMES (RETIRED, NURSING) • 28,266 SF
      9212 Nesbit Fry Rd, Alpharetta, GA 30022-1600
      View Details
    • Value Estimation
      $26,675,000
      129,787 SF

      3700 Brookside Pkwy

      HOMES (RETIRED, NURSING) • 129,787 SF
      3700 Brookside Pkwy, Alpharetta, GA 30022-1476
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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    Similar Nearby for Lease

    • $70,000
      83,635 SF

      Alpharetta Assisted Living Facility For Rent

      Turnkey assisted living facility in desirable Johns Creek/Alpharetta area.
      5690 State Bridge Rd, Alpharetta, GA 30022
      View Details
    • $19 SF/Yr
      30,024 SF

      Alpharetta Office Space for Lease

      Class A Office Suites, Alpharetta, GA
      3060 Kimball Bridge Rd, Alpharetta, GA 30022
      View Details
    • $18 SF/Yr
      34,200 SF

      Alpharetta Retail/Office Big Box

      34,200 SF Freestanding Building, High Visibility
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      Holcomb Bridge Business Center

      Alpharetta, GA Office/Industrial Space
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      Alpharetta Office Space for Lease

      Class A Office, Multiple Suites Available
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      View Details
    • Contact for pricing
      106,396 SF

      North Bridges Retail Center

      Johns Creek, GA: Prime Retail Space Available
      10955 Jones Bridge Rd, Johns Creek, GA 30022
      View Details
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    Alpharetta, GA 30022
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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