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Property profile & analytics
OFF-MARKET
Estimated value
$9,325,000
Industrial properties
5905 Ronald Reagan Blvd Alpharetta, GA 30005-2602
Entity Owned
1-yr Hold
Free & Clear
Property ID
US22-0235710
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1997
Total area
30,752 SF
Lot
5.31 ac (231,304 SF)
Zoning code
M1
APN
065 025
UPID
US22-0235710
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
$9.33M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.71M
Blend (final)
Blend
$9.33M
Owner & transaction history
Altius Estates LLC · 1 yrs held
Altius Estates LLC
since 2024
Last sale
$9.3M
7 recorded transactions
Zoning & alternative use
M1 · Alpharetta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$12.8M
+120.9%
Commercial (general)
$10.9M
+88.4%
Retail stores
$9.6M
+65.7%
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
$9,325,000
ML approach
$9,325,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,800,000
Current use
AUTO REPAIR, GARAGE
$12,810,000
Change: +121% · Conversion: Easy
COMMERCIAL (GENERAL)
$10,925,000
Change: +88% · Conversion: Difficult
RETAIL STORES
$9,610,000
Change: +66% · Conversion: Moderate
MEDICAL BUILDING
$8,120,000
Change: +40% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,515,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$9.33M
Range $8.39M – $10.26M · ±10% · vs last sale $9.33M (Jul 30 2024)
Last sale anchor
$9.33M
Jul 30 2024
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
$303 / 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
$95,003
Tax year 2024
Assessed value
$3,874,187
Assessed 2024
Previous assessed
$4,733,426
-18.2% YoY
Effective rate
2.45%
On assessed value
Assessed land
$318,600
Assessed improvement
$3,555,587
Land market value
$796,500
Improvement market value
$8,888,967
Total market value
$9,685,467
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
1997
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
30,752 SF
Lot
5.31 ac (231,304 SF)
Zoning code
M1
APN
065 025
UPID
US22-0235710
Jurisdiction
FORSYTH
Zoning & alternative use
M1 · Alpharetta, GA
Zoning M1 · permitted uses
M1 · 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
$5.8M
AUTO REPAIR, GARAGE
Est. value
$12.8M
COMMERCIAL (GENERAL)
Est. value
$10.9M
RETAIL STORES
Est. value
$9.6M
MEDICAL BUILDING
Est. value
$8.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.5M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
5.31 ac
Current owner
From public records · entity-resolved
Altius Estates LLC
Entity
Free & Clear · 1 yrs held
Mailing address
5905 RONALD REAGAN BLVD, ALPHARETTA, GA 30005-2602
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Sep 30, 2024
—
Altius Estates LLC
—
Deed
related
$6,240,000 · Ameritas Life Insurance
Jul 30, 2024
$9,325,000
Altius Estates LLC
Lebow 1031 Milton LLC
Warranty Deed
—
Dec 12, 2019
—
Lebow 1031 Milton LLC
Bluegrass Valley LLC
Quit Claim Deed
related
—
Dec 10, 2019
$6,240,000
Lebow 1031 Milton LLC
Bluegrass Valley LLC
Grant Deed
—
Sep 14, 2018
—
Bluegrass Valley
—
Deed
related
$3,050,000 · Touchmark Nat'l Bk
Mar 24, 2009
$5,150,000
Bluegrass Valley LLC
Smart J & P Family Trust
Grant Deed
$3,347,500 · Bank Of The West
—
—
Bluegrass Valley LLC
—
Deed Of Trust
related
$3,347,500 · Bank Of The West
—
—
Bluegrass Valley LLC
—
Loan Modification
related
$3,050,000 · Touchmark Nat'l Bk
—
—
Bluegrass Valley
—
Loan Modification
related
$3,050,000 · Touchmark Nat'l 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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