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Property profile & analytics
OFF-MARKET
Estimated value
$4,390,000
Strip malls
970 Pt Dr Alpharetta, GA 30022-1607
Individually Owned
15-yr Hold
Free & Clear
Property ID
US22-4239411
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2008
Total area
20,097 SF
Lot
2.12 ac (92,347 SF)
Zoning code
OI
APN
12 286007540230
UPID
US22-4239411
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
-
MedPure Weight-Loss Weight Loss Service Medical Spa
-
Salon Lofts Alpharetta Barber Shop
-
Hairology Salon Barber Shop
-
Kera Vie Salon Hair Salon
-
KJ Beauty Lounge Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.97M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.39M
Owner & transaction history
Outdoor Advertising I Action · 15 yrs held
Outdoor Advertising I Action
since 2011
7 recorded transactions
Zoning & alternative use
OI · Alpharetta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.1M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,385,000
6.5%
$4,970,000
7%
$4,615,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$6,605,000
Current use
COMMERCIAL (GENERAL)
$7,140,000
Change: +8% · Conversion: Easy
RETAIL STORES
$6,280,000
Change: -5% · Conversion: Easy
MEDICAL BUILDING
$6,245,000
Change: -5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,855,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$4.39M
Range $3.95M – $4.83M · ±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
$218 / 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
Assessed value
$2,576,160
Assessed 2023
Previous assessed
$2,576,160
+0.0% YoY
Assessed land
$572,400
Assessed improvement
$2,003,760
Land market value
$1,431,000
Improvement market value
$5,009,400
Total market value
$6,440,400
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
YES
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
20,097 SF
Lot
2.12 ac (92,347 SF)
Zoning code
OI
APN
12 286007540230
UPID
US22-4239411
Jurisdiction
FULTON
Zoning & alternative use
OI · Alpharetta, GAZoning OI · permitted uses
OI · 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
$6.6M
COMMERCIAL (GENERAL)
Est. value
$7.1M
RETAIL STORES
Est. value
$6.3M
MEDICAL BUILDING
Est. value
$6.2M
AUTO REPAIR, GARAGE
Est. value
$5.9M
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
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
2.12 ac
Current owner
From public records · entity-resolved
Outdoor Advertising I Action
Individual
Free & Clear · 15 yrs held
Mailing address
PO BOX 250509, ATLANTA, GA 30325-1509
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2011
$7,087,380
Outdoor Advertising I Action
Seconday Market Invs LLC
Trustees Deed
—
Jan 11, 2008
$566,000
Action Outdoor Advertising III
Northpoint Exchange Svcs LLC
Grant Deed
—
Jan 11, 2008
$710,400
Action Outdoor Advertising III
Northpoint Exchange Svcs LLC
Grant Deed
—
Nov 9, 2007
$1,140,000
Action Outdoor Advertising I I
Northpoint Exchange Svcs LLC
Grant Deed
—
Aug 13, 2007
—
Northpoint Exchange Svcs LLC
Sidelines Realty Of North Pt LLC
Quit Claim Deed
related
—
Aug 13, 2007
$2,570,200
Northpoint Exchange Svcs LLC
Sidelines Realty Of North Pt LLC
Grant Deed
—
Jul 31, 2007
$2,570,140
Northpoint Exchange Svcs LLC
Sure Thing Investments LLC
Grant Deed
—
—
—
Secondary Market Invs LLC
—
Deed Of Trust
related
$4,094,052 · Blue Dog Holdings LLC
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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