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Property profile & analytics
OFF-MARKET
Estimated value
$23,590,000
Office buildings
5775 Glenridge Dr Sandy Springs, GA 30328-5380
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US22-1263495
Property profile
Verified
Property type
Office buildings
Use group
SKYSCRAPER/HIGH-RISE (COM OFFICES)
Year built
1979
Total area
105,472 SF
Lot
13.88 ac (604,613 SF)
Zoning code
OIC
APN
17 0037 LL0523
UPID
US22-1263495
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
$23.18M
Comparable Approach
Comparable
$31.05M
Blend (final)
Blend
$23.59M
Owner & transaction history
Lakeside Master Poa INC · 10 yrs held
Lakeside Master Poa INC
since 2015
7 recorded transactions
Zoning & alternative use
OIC · Sandy Springs, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$29.6M
+50.1%
Neighborhood: shopping center
$28.7M
+45.3%
Medical building
$28.7M
+45.2%
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 Sandy Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sandy Springs 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%
$25,110,000
6.5%
$23,180,000
7%
$21,520,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$19,750,000
Current use
COMMERCIAL (GENERAL)
$29,645,000
Change: +50% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$28,705,000
Change: +45% · Conversion: Difficult
MEDICAL BUILDING
$28,675,000
Change: +45% · Conversion: Easy
AUTO REPAIR, GARAGE
$26,785,000
Change: +36% · Conversion: Difficult
RETAIL STORES
$23,655,000
Change: +20% · Conversion: Moderate
Blend value · Realmo final
$23.59M
Range $21.23M – $25.95M · ±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
$224 / 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
$413,680
Tax year 2023
Assessed value
$12,836,840
Assessed 2023
Previous assessed
$9,600,000
+33.7% YoY
Effective rate
3.22%
On assessed value
Assessed land
$2,498,400
Assessed improvement
$10,338,440
Land market value
$6,246,000
Improvement market value
$25,846,100
Total market value
$32,092,100
Applied tax rate
59.0000
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
SKYSCRAPER/HIGH-RISE (COM OFFICES)
Status
Off-Market
Year built
1979
Heating
YES
Cooling
YES
Buildings
5
Stories
1
Total area
105,472 SF
Lot
13.88 ac (604,613 SF)
Zoning code
OIC
APN
17 0037 LL0523
UPID
US22-1263495
Jurisdiction
FULTON
Zoning & alternative use
OIC · Sandy Springs, GA
Zoning OIC · permitted uses
OIC · Sandy Springs, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sandy Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$19.8M
COMMERCIAL (GENERAL)
Est. value
$29.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$28.7M
MEDICAL BUILDING
Est. value
$28.7M
AUTO REPAIR, GARAGE
Est. value
$26.8M
RETAIL STORES
Est. value
$23.7M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1979
Heating
YES
Cooling
Yes
Stories
1
Buildings
5
Lot
13.88 ac
Current owner
From public records · entity-resolved
Lakeside Master Poa INC
Entity
Mailing address
225 NE MIZNER BLVD STE #200, BOCA RATON, FL 33432-4079
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2019
—
Sgcp Lakeside LLC
—
Grant Deed
related
$51,200,000 · Marathon Cre 2018-fl1 Reit LLC
Dec 14, 2015
$1,000
Lakeside Master Poa INC
Sgcp Lakeside LLC
Quit Claim Deed
related
—
Sep 4, 2015
$12,250,000
Crescent Perimeter Land LLC
Sgcp Lakeside Trs LLC
Grant Deed
—
Sep 4, 2015
—
Crescent Perimeter Land LLC
Sgcp Lakeside Trs LLC
Quit Claim Deed
related
—
Sep 4, 2015
$1,000
Sgcp Lakeside LLC Tr
Sgcp Lakeside LLC
Grant Deed
related
—
Feb 13, 2015
$40,500,000
Sgcp Lakeside LLC
Mlgp Lakeside LLC
Grant Deed
—
Jun 4, 2007
$62,000,000
Mlgp Lakeside LLC
Rb Lakeside LLC
Grant Deed
—
Feb 2, 2007
—
Rb Lakeside LLC
Ga-lakeside Office LLC
Grant Deed
$108,500,000 · Rp Edp I Lender LLC
Dec 11, 1998
$220,000
Robert Rogers Homes INC
Johns Creek Development Co INC
Warranty Deed
related
$663,112 · Homebanc Mtg
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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