Brick Storefront
For Sale
$2,100,000
10 E Broad Street, Newnan, GA 30263
Commercial Sale, Newnan, GA
Property Size10,384 SF
Lot Size0.19 Acres
Price / SF$202.23
Days on Market389
Property Features for 10 E Broad Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
X
Parking features
On Street
Interior features
Beamed Ceilings
Lot features
Corner Lot, Level
View
City
Directions
Located just off the square in Downtown Newnan GA. Your GPS will direct you conveintly to the front door.
Standard status
Active
APN
N01 0008 008
Size
10,384 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
5937
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Building materials
Brick 4 Sides
Roof type
Flat
Listing Agency:
Ansley Real Estate | Christie's International Real Estate
(404) 480-4663
Listed By:
COMER JENNINGS · License #165488
(404) 264-9000
Added: Aug 19, 2025
Changed: Aug 19
Last Checked: Sep 11 at 12:06PM
MLS# 7635104
Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This storefront property comprises two adjoining brick buildings totaling 10,384 square feet on a 0.19-acre assemblage. The four connected addresses at 10, 12, 14, and 16 E Broad St feature high ceilings, open floor plans, beamed ceilings, central air, flat roofs, and public water and sewer. On-street parking serves the property, while cable is available.
Current occupancy spans several business types. The 6,608-square-foot 10/12/14 E Broad building is leased to a framing shop, janitorial company, and law firm. The 3,776-square-foot 16 E Broad building is leased to a bank. The property sits in downtown Newnan near the Federal Courthouse, Post Office, Justice Center, and Coweta County Courthouse, with additional public parking along Broad, side streets, and nearby city lots. Built in 1900, the asset carries a brick exterior and flexible commercial layouts.
Current occupancy spans several business types. The 6,608-square-foot 10/12/14 E Broad building is leased to a framing shop, janitorial company, and law firm. The 3,776-square-foot 16 E Broad building is leased to a bank. The property sits in downtown Newnan near the Federal Courthouse, Post Office, Justice Center, and Coweta County Courthouse, with additional public parking along Broad, side streets, and nearby city lots. Built in 1900, the asset carries a brick exterior and flexible commercial layouts.
Key Highlights
- 10,384 SF across two adjoining brick storefront buildings
- Four connected addresses: 10, 12, 14, and 16 E Broad St
- 6,608 SF building leased to a framing shop, janitorial company, and law firm
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$146,055
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,921,100
$2.9M
Cap Rate 7%
$2,086,500
$2.1M
Cap Rate 9%
$1,622,833
$1.6M
Market Conditions
NOI Build-Up for 10,384 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$228.0K $21.96/SF
− Vacancy
−$19.4K −$1.87/SF
EGI
$208.6K $20.09/SF
− OpEx
−$62.6K −$6.03/SF
NOI
$146.1K $14.07/SF
Area
Coweta County, GA
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,921,100
Cap Rate 7%
$2,086,500
Cap Rate 9%
$1,622,833
Alternative Uses
Best Use
Retail
$2.09M
$1.83M – $2.43M
NOI $146,055 @ 7.0% cap · market cap 6.96%
Second Best
Office B
$1.99M
$1.74M – $2.32M
NOI $139,053 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$2.90M
$2.54M – $3.39M
NOI $203,191 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,219
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30263, GA
60,467
Population
23,792
Households
2.5
Avg Household Size
38
Median Age
31%
College-Educated
89%
High-School Grad
198.2 sq mi
ZIP Area
305
Density / Sq Mi
$79,752
Median Household Income
$44,508
Median Earnings
$1,332
Median Rent
$278,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Adjoining buildings feature high ceilings and open layouts suited to retail or office reconfiguration.
Where is this storefront property located?
The property is located at 10 E Broad Street Newnan, GA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 10,384 SF across two adjoining brick storefront buildings; Four connected addresses: 10, 12, 14, and 16 E Broad St; 6,608 SF building leased to a framing shop, janitorial company, and law firm
