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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Birmingham Hwy Alpharetta, GA 30004

    • Commercial real estate
    • 24.96 lot acres
    OFF-MARKET
    Value Estimations
    $285,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-3651452
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for Birmingham Hwy

    Lot size
    24.96 lot acres
    Zone code
    AG
    Property type
    Commercial real estate
    APN
    02N12 001 A
    APU
    02N12001A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $285,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Alpharetta
    County
    Cherokee
    State
    Georgia
    Longitude
    -84.3125
    Latitude
    34.188
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,931
    $107,600
    $80,000
    $187,600
    -
    $269,000
    $200,000
    $469,000

    Comparable in this City

    • Value Estimation by Request
      81,674 SF

      13800 Ga-9

      Retail properties • 81,674 SF
      13800 Ga-9, Alpharetta, GA 30004
      View Details
    • Value Estimation by Request
      0.03 Acres

      6110 Mcfarland Sta Dr

      Mixed-use properties • 0.03 Acres
      6110 Mcfarland Sta Dr, Alpharetta, GA 30004
      View Details
    • Value Estimation by Request
      106,430 SF

      12460 Crabapple Rd

      Retail properties • 106,430 SF
      12460 Crabapple Rd, Alpharetta, GA 30004
      View Details
    • Value Estimation
      $530,000
      192 SF

      620 James Rd

      COMMERCIAL (GENERAL) • 192 SF
      620 James Rd, Alpharetta, GA 30004-3350
      View Details
    • Value Estimation
      $1,205,000
      0.23 Acres

      345 Tidwell Dr

      COMMERCIAL (GENERAL) • 0.23 Acres
      345 Tidwell Dr, Alpharetta, GA 30004-7741
      View Details
    • Value Estimation
      $375,000
      1,535 SF

      635 Un Hl Rd

      COMMERCIAL (GENERAL) • 1,535 SF
      635 Un Hl Rd, Alpharetta, GA 30004-5652
      View Details

    Similar Nearby for Sale

    • $630,000
      0.03 Acres

      Alpharetta Mixed-Use Office Building

      Modern Office Space, Prime Location
      6110 Mcfarland Station Dr, Alpharetta, GA 30004
      View Details
    • Contact for pricing
      12,897 SF

      Alpharetta Executive Office Building

      12,897 SF Office, Prime Location
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    • $1,200,000
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      Prime Milton Commercial Land

      High-visibility 1.9-acre lot, zoned T4.
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    • Contact for pricing
      0.90 Acres

      Alpharetta Retail Outparcel Ground Lease

      High-traffic, prime retail land for lease
      6320 Atlanta Hwy, Alpharetta, GA 30004
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    • $493,750
      1,250 SF

      Alpharetta Warehouse Condo Unit B02

      1,250 SF Warehouse, Vacant, $493,750
      5755 Stables Way, Alpharetta, GA 30004
      View Details
    • $454,250
      1,150 SF

      Alpharetta Warehouse Condo - $454,250

      1,150 SF Warehouse Condo, Alpharetta, GA
      5765 Stables Way, Alpharetta, GA 30004
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      36,840 SF

      Alpharetta Flex Space - Union Hill Rd

      Prime Flex/Warehouse Space Available
      1005 Union Hill Rd, Alpharetta, GA 30004
      View Details
    • $23 SF/Yr
      18,651 SF

      Forsyth County Warehouse For Sale

      18,651 SF Warehouse, Single Tenant
      5715 Stables Way, Alpharetta, GA 30004
      View Details
    • $24 SF/Yr
      1,837 SF

      McFarland Office Condo - 1837 sq ft

      New construction, versatile office space. Ideal for medical or executive use.
      6110 Mcfarland Station Dr, Alpharetta, GA 30004
      View Details
    • $312 /Mo
      10,724 SF

      Alpharetta Warehouse Condo Unit B05

      Prime Alpharetta warehouse space available.
      5755 Stables Way, Alpharetta, GA 30004
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Milton, GA

      Retail space available for lease in Milton, Georgia.
      980 Birmingham Rd, Milton, GA 30004
      View Details
    • $13 SF/Yr
      30,000 SF

      Alpharetta Warehouse Space Available

      Modern warehouse, 5,000 SF available.
      4040 Nine Mcfarland Dr, Alpharetta, GA 30004
      View Details
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    Birmingham Hwy
    Alpharetta, GA 30004
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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