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Property profile & analytics
OFF-MARKET
Estimated value
$7,385,000
Commercial land
Morris Rd Alpharetta, GA 30005
Entity Owned
3-yr Hold
Free & Clear
Property ID
US22-2761569
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
1.94 ac (84,724 SF)
Zoning code
OI
APN
22 546012621146
UPID
US22-2761569
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
$7.64M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.39M
Owner & transaction history
Sfg Preston Ridge LLC · 3 yrs held
Sfg Preston Ridge LLC
since 2022
Last sale
$7.4M
7 recorded transactions
Zoning & alternative use
OI · Alpharetta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$7,130,000
ML approach
$7,640,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.39M
Range $6.65M – $8.12M · ±10% · vs last sale $7.39M (Dec 5 2022)
Last sale anchor
$7.39M
Dec 5 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
—
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
$15,338
Tax year 2023
Assessed value
$543,400
Assessed 2023
Previous assessed
$231,320
+134.9% YoY
Effective rate
2.82%
On assessed value
Assessed land
$543,400
Land market value
$1,358,500
Total market value
$1,358,500
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
1.94 ac (84,724 SF)
Zoning code
OI
APN
22 546012621146
UPID
US22-2761569
Jurisdiction
FULTON
Zoning & alternative use
OI · Alpharetta, GA
Zoning OI · permitted uses
OI · 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.
Building & site characteristics
From public records
Heating
NONE
Lot
1.94 ac
Current owner
From public records · entity-resolved
Sfg Preston Ridge LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1100 JOHNSON FRY RD STE #400, ATLANTA, GA 30342-5026
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2022
$1,400,000
Sfg Preston Ridge LLC
Preston Professional Building II Ll
Warranty Deed
—
Dec 5, 2022
$7,385,900
Signet Clinical LLC
Sfg Preston Ridge LLC
Limited Warranty Deed
—
Oct 28, 2019
—
City Of Alpharetta
Preston Ridge Assn INC
Quit Claim Deed
related
—
Aug 28, 2019
—
Preston Prof Bldg II LLC
—
Trustees Deed
related
$1,140,000 · Clbd Real Estate Holdings LLC
Feb 27, 2018
—
Preston Prof Building II LLC
—
Trustees Deed
related
$1,000,000 · Clifford T Kennedy
Jan 23, 2018
—
Preston Prof Building II LLC
—
Trustees Deed
related
$1,000,000 · David Bowen
—
—
Preston Prof Bldg II LLC
—
Loan Modification
related
$1,000,000 · Clifford T Kennedy
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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