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Property profile & analytics
OFF-MARKET
Estimated value
$11,690,000
Assisted living facilities
State Hwy, Alpharetta, GA 30004
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US22-3535866
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2015
Construction
WOOD
Total area
66,756 SF
Lot
2.02 ac (87,817 SF)
Zoning code
C1
APN
22 527010480347
UPID
US22-3535866
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
$9.69M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.93M
Blend (final)
Blend
$11.69M
Owner & transaction history
Wcp Brep Milton Re LLC · 5 yrs held
Wcp Brep Milton Re LLC
since 2021
Last sale
$12.8M
6 recorded transactions
Zoning & alternative use
C1 · Alpharetta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$19.5M
+113.4%
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
$13,245,000
ML approach
$9,685,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$9,115,000
Current use
AUTO REPAIR, GARAGE
$19,455,000
Change: +113% · Conversion: Difficult
Blend value · Realmo final
$11.69M
Range $10.52M – $12.86M · ±10% · vs last sale $12.80M (Jun 22 2021)
Last sale anchor
$12.80M
Jun 22 2021
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
$175 / 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
$131,931
Tax year 2023
Assessed value
$4,674,080
Assessed 2023
Previous assessed
$4,674,080
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$725,720
Assessed improvement
$3,948,360
Land market value
$1,814,300
Improvement market value
$9,870,900
Total market value
$11,685,200
Applied tax rate
56.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2015
Construction
WOOD
Heating
NONE
Stories
1
Units
120
Total area
66,756 SF
Lot
2.02 ac (87,817 SF)
Zoning code
C1
APN
22 527010480347
UPID
US22-3535866
Jurisdiction
FULTON
Zoning & alternative use
C1 · Alpharetta, GA
Zoning C1 · permitted uses
C1 · 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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$9.1M
AUTO REPAIR, GARAGE
Est. value
$19.5M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
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
2015
Construction
WOOD
Heating
NONE
Stories
1
Units
120
Lot
2.02 ac
Current owner
From public records · entity-resolved
Wcp Brep Milton Re LLC
Entity
Mailing address
5500 MARYLAND WAY STE #320, BRENTWOOD, TN 37027-4976
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 22, 2021
$12,800,000
Wcp Brep Milton Re LLC
Brick Glen Milton LLC
Warranty Deed
$8,900,000 · Servisfirst Bank
Jul 2, 2015
—
Brick Glen Milton LLC
Wrh 2011 LLC
Quit Claim Deed
related
$10,120,000 · Metro Cty Bk
Jul 2, 2015
$1,150,000
Brick Glen Milton LLC
Wrh 2011 LLC
Grant Deed
—
Dec 14, 2011
$175,000
Wrh 2011 LLC
United Cmnty Bk
Grant Deed
$225,000 · United Cmnty Bk
Oct 18, 2004
—
Webb Road Associates LLC
Pair,carolyn H
Quit Claim Deed
related
—
Oct 18, 2004
$700,000
Webb Road Associates LLC
Growth Associates INC
Grant Deed
$956,000 · United Cmnty Bk
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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