Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    W Hwy 34 Newnan, GA 30263

    View on Map
    Claim this Listing
    For Sale
    $675,000

    LAND - Newnan, GA

    Lot size:
    45.69 Acres
    Added:
    Sep 17, 2024
    Days on Market:
    579
    Last Refresh:
    Apr 18 at 4:06 am

    Property Features for W Hwy 34

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    AG
    Vegetation
    Wooded
    Standard status
    Active
    APN
    037 4032 010
    Lot size
    45.69 Acres

    Taxes and HOA fees

    Tax Year
    2021
    Tax Annual Amount
    282

    We can help!

    Listing Contact
    HOLLY LEONARD

    Listing agent HOLLY LEONARD License #271783

    Listing office Haven Real Estate Brokers 4595 Post Road, Lawrenceville, GA

    Listing date Sep 17, 2024

    MLS# 7457396 Listing URL

    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.

    Overview

    Highway 34 Acreage in Newnan

    This 45.69-acre property is located on Highway 34 in Newnan, Georgia, and features over 818 feet of road frontage. The land is wooded and gently sloping, with a creek running along the property's edge. It is conveniently located near the Bypass and I-85, and close to downtown Newnan. The property is zoned AG and offers unlimited potential for various uses. It could be a site for building a home, developing a subdivision, or for business purposes. Other potential uses include camping or hunting.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Newnan
    County
    Coweta
    State
    Georgia
    Longitude
    -84.818851
    Latitude
    33.385859

    Nearby Similar for Sale

    • $399,900
      2,290 SF

      Newnan Commercial Building For Sale

      One-story, 2,290 SF commercial building in Newnan, GA.
      14 Farmer Street, Newnan, GA 30263
      View Details
    • $349,900
      1,200 SF

      Newnan Commercial Land Opportunity

      2.56 acres with potential for development or mixed-use.
      21 Old Carrollton Road, Newnan, GA 30263
      View Details
    • $3,000,000

      Newnan Commercial Development Opportunity

      8.23 acre commercial land for development in Newnan, GA.
      201 Bullsboro Drive, Newnan, GA 30263
      View Details
    • $750,000

      Newnan Development Opportunity Near I-85

      6.27 acres near I-85, suitable for commercial development.
      0 Jefferson Street Extension, Newnan, GA 30263
      View Details
    • $1,500,000
      2,146 SF

      Newnan Commercial Land For Sale

      5.96 acres of commercial land with development potential.
      2237 Highway 29 N, Newnan, GA 30263
      View Details
    • $225,000
      1,152 SF

      Newnan Commercial Property with Lot

      Commercial property with adjacent lot near downtown Newnan, Georgia.
      33 Fair Street, Newnan, GA 30263
      View Details
    • $295,000
      3,700 SF

      Versatile Mixed-Use Investment Opportunity

      Mix-Use property with residential and commercial potential in Newnan, GA.
      1265 Highway 16 W, Newnan, GA 30263
      View Details
    • $295,000
      3,700 SF

      Versatile Mixed-Use Investment Opportunity

      Mix-use property with residential and commercial potential in Newnan, GA.
      1265 Highway 16 W, Newnan, GA 30263
      View Details
    • $8,000,000
      7,336 SF

      Income-Producing Land with Development Potential

      22+ acres with income and commercial development potential in Newnan, GA.
      5424 N Highway 29, Newnan, GA 30263
      View Details
    • $475,000
      800 SF

      Historic Building in Downtown Newnan

      Charming 1900s building near Newnan's Square, versatile and open.
      15 E Broad Street, Newnan, GA 30263
      View Details
    • $635,000

      Newnan Land for Development

      6.5 acre property suitable for development or secluded living.
      1054 Roscoe Road, Newnan, GA 30263
      View Details
    • $139,900

      Residential Land in Newnan, GA

      5.26 acres with water and sewer near downtown Newnan.
      200 W Washington Street, Newnan, GA 30263
      View Details

    FAQs

    What type of property is this?
    Land - 45.69 acres with road frontage near downtown Newnan.
    Where is this land located?
    The property is located at W Hwy 34 Newnan, GA.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: 45.69 acres of prime real estate with unlimited potential.; 818+\/- feet of road frontage on Highway 34.; Ideal for building a dream home, developing a subdivision, or any business.
    (770) 217-7561
    We can help!
    Listing Contact
    HOLLY LEONARD
    Real Estate License ID: 271783
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!