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Property profile & analytics
OFF-MARKET
Estimated value
$2,645,000
Hotels
860 Mcfarland Pkwy Alpharetta, GA 30004-3364
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US22-2757777
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2012
Total area
45,088 SF
Lot
1.95 ac (84,942 SF)
Zoning code
CBD
APN
042 591
UPID
US22-2757777
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
-
Extended Stay America - Select Suites Atlanta - Alpharetta Hotel & Motel Vacation Rental
-
Broadband Hospitality Telecommunications Service Data Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.72M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.65M
Owner & transaction history
Value Place Alpharetta LLC · 17 yrs held
Value Place Alpharetta LLC
since 2008
3 recorded transactions
Zoning & alternative use
CBD · Alpharetta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.4M
+35.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,945,000
6.5%
$2,720,000
7%
$2,525,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,220,000
Current use
RESTAURANT
$4,380,000
Change: +36% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,870,000
Change: -11% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,735,000
Change: -15% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,695,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$2.65M
Range $2.38M – $2.91M · ±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
$59 / 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
$109,481
Tax year 2024
Assessed value
$3,708,460
Assessed 2024
Previous assessed
$3,708,460
+0.0% YoY
Effective rate
2.95%
On assessed value
Assessed land
$93,600
Assessed improvement
$3,614,860
Land market value
$234,000
Improvement market value
$9,037,150
Total market value
$9,271,150
Applied tax rate
3.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2012
Heating
NONE
Total area
45,088 SF
Lot
1.95 ac (84,942 SF)
Zoning code
CBD
APN
042 591
UPID
US22-2757777
Jurisdiction
FORSYTH
Zoning & alternative use
CBD · Alpharetta, GA
Zoning CBD · permitted uses
CBD · 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
HOTEL/MOTEL Current
Est. value
$3.2M
RESTAURANT
Est. value
$4.4M
INDUSTRIAL (GENERAL)
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.7M
WAREHOUSE, STORAGE
Est. value
$2.7M
HOTEL/MOTEL Current
RESTAURANT
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2012
Heating
NONE
Lot
1.95 ac
Current owner
From public records · entity-resolved
Value Place Alpharetta LLC
Entity
Mailing address
PO BOX 49550, CHARLOTTE, NC 28277-9550
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2020
—
Bsrep II Ws Alpharetta LLC
—
Deed
related
$12,551 · Citi R/e Fndg INC
Aug 28, 2008
$1,000,000
Value Place Alpharetta LLC
Mcfarland Crossing LLC
Grant Deed
related
$6,212,719 · Haven Trust Bank
—
—
Bsrep II Ws Alpharetta LLC
—
Deed Of Trust
related
$12,551 · Citi R/e Fndg INC
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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