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Property profile & analytics
OFF-MARKET
Estimated value
$9,595,000
Strip malls
735 Main St Alpharetta, GA 30009-2405
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US22-0580418
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2008
Total area
32,990 SF
Lot
7.1 ac (309,276 SF)
Zoning code
C1
APN
22 512011220587
UPID
US22-0580418
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
-
Aunty's Kitchen Restaurant
-
Henderson Commons Business Service Center Corporate Office
-
Salt n' Sauna Wellness Gym & Fitness Center Alternative Medicine Practice
-
Milton Medical Group - Savitha Shama MD Physician
-
PT Solutions of Alpharetta Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.17M
CAP Approach
CAP
$8.16M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.60M
Owner & transaction history
Hc Commons LLC · 4 yrs held
Hc Commons LLC
since 2022
Last sale
$9.9M
7 recorded transactions
Zoning & alternative use
C1 · Alpharetta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$11.7M
+8.1%
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
$9,510,000
ML approach
$9,170,000
CAP Approach
CAP Return
Estimation
6%
$8,835,000
6.5%
$8,155,000
7%
$7,575,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$10,840,000
Current use
COMMERCIAL (GENERAL)
$11,720,000
Change: +8% · Conversion: Easy
RETAIL STORES
$10,305,000
Change: -5% · Conversion: Easy
MEDICAL BUILDING
$10,250,000
Change: -5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,615,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$9.60M
Range $8.64M – $10.55M · ±10% · vs last sale $9.85M (May 9 2022)
Last sale anchor
$9.85M
May 9 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
$291 / 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
$109,247
Tax year 2023
Assessed value
$3,870,440
Assessed 2023
Previous assessed
$1,760,000
+119.9% YoY
Effective rate
2.82%
On assessed value
Assessed land
$1,136,000
Assessed improvement
$2,734,440
Land market value
$2,840,000
Improvement market value
$6,836,100
Total market value
$9,676,100
Applied tax rate
10.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2008
Heating
NONE
Stories
1
Total area
32,990 SF
Lot
7.1 ac (309,276 SF)
Zoning code
C1
APN
22 512011220587
UPID
US22-0580418
Jurisdiction
FULTON
Zoning & alternative use
C1 · Alpharetta, GAZoning C1 · permitted uses
C1 · Alpharetta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$10.8M
COMMERCIAL (GENERAL)
Est. value
$11.7M
RETAIL STORES
Est. value
$10.3M
MEDICAL BUILDING
Est. value
$10.3M
AUTO REPAIR, GARAGE
Est. value
$9.6M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2008
Heating
NONE
Stories
1
Lot
7.1 ac
Current owner
From public records · entity-resolved
Hc Commons LLC
Entity
Mailing address
3425 DULUTH PARK LN, DULUTH, GA 30096-3259
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2022
$9,850,000
Hc Commons LLC
Gg Henderson Commons LLC
Warranty Deed
$6,402,500 · United Community Bank
May 9, 2022
—
Hc Commons LLC
Gg Henderson Commons LLC
Warranty Deed
$6,402,500 · United Community Bank
Sep 23, 2021
—
Gg Henderson Commons LLC
Sfkg Investments LLC
Warranty Deed
—
Dec 8, 2020
—
Gg Henderson Commons LLC
—
Deed
related
$2,400,000 · Vinings Bank
Mar 27, 2019
—
Department Of Transportation
Henderson Vlg Prop Owners Ass
Quit Claim Deed
related
—
Sep 25, 2018
—
Gg Henderson Commons LLC
—
Deed
related
$2,300,000 · Miscellaneous Ins Co
Jun 7, 2018
—
Sfkg Investments LLC
Vii Fs Alpharetta LLC
Quit Claim Deed
related
—
Jun 7, 2018
$4,600,000
Gg Henderson Commons LLC
Viii Fs Alpharetta LLC
Grant Deed
—
Feb 13, 2017
—
Viii Fs Alpharetta LLC
—
Loan Modification
related
$42,365,981 · Customers Bk
Jul 20, 2016
—
Viii Fs Alpharetta LLC
—
Deed
related
$42,365,981 · Customers Bk
Jul 8, 2011
$2,131,800
Viii Fs Atlanta LLC
Flagstar Bk Fsb
Grant Deed
related
$42,365,981 · Flagstar Bk
Oct 1, 2010
$3,770,000
Flagstar Bk Fsb
Dbsi-hce Henderson Commons LLC
Trustees Deed
related
—
—
—
Viii Fs Alpharetta LLC
—
Loan Modification
related
$42,365,981 · Customers Bk
—
—
Gg Henderson Commons LLC
—
Deed Of Trust
related
$2,300,000 · Miscellaneous Ins Co
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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