5705 Atlanta Hwy Alpharetta, GA 30004-3943
Property profile & analytics
5705 Atlanta Hwy Alpharetta, GA 30004-3943
- Banks
- 2,610 SF
- 0.82 lot acres
Property ID
US22-1021226
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.
Location Intelligence
Current Use by Public Records
- Farzeen Khurram, MD / Physician
Property Details for 5705 Atlanta Hwy
- Year built
- 1997
- Lot size
- 0.82 lot acres
- Property size
- 2,610 SF
- Zone code
- CBD
- Property type
- Banks
- APN
- 018 099
- APU
- 18099
Description
This exceptional investment opportunity presents a 2,800 square foot medical office building in Alpharetta, Georgia, boasting a fee-simple ownership structure. The property, built in 1997 and renovated in 2022, sits on a 0.96-acre pie-shaped lot at a signalized intersection of Highway 9 and Grassland Parkway, offering excellent visibility. Currently 100% occupied by WellStar Primary Care under a corporate-guaranteed, Net Lease agreement, the property features a 7-year remaining lease term (commencing May 22, 2022, and expiring May 31, 2032), with two 5-year options. The lease includes annual rent bumps of 2% throughout the base term and option periods, generating a substantial net operating income (NOI) of $108,824. The property benefits from a strong location within the affluent Alpharetta MSA, minutes from Halcyon, a major mixed-use development, and near significant roadways with high daily traffic volume. The surrounding area boasts a robust daytime population and a high concentration of businesses, creating a desirable market for healthcare services. This investment offers a compelling 5.00% cap rate and a price per square foot of $792.87, representing a strong return on investment. The property's strategic location, strong tenant, and favorable lease terms make it an attractive addition to any portfolio. The building is a single-story structure with a highly visible location, providing excellent access and ample parking. The tenant, WellStar Health System, Inc., is the largest and most integrated healthcare system in Georgia, ensuring financial stability and long-term lease security.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $900,000
- ML approach
- $900,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Alpharetta
- County
- Forsyth
- State
- Georgia
- Longitude
- -84.2506
- Latitude
- 34.1435
- 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
2024
$7,173
$123,000
$169,504
$292,504
-
$307,500
$423,760
$731,260
