Brick Storefront
New
For Sale
$2,100,000
10 E Broad St, Newnan, GA 30263
Adjoining buildings provide high ceilings and open layouts suited to flexible retail or office configurations.
Property Size10,384 SF
Price / SF$202.23
Days on Market3
Property Features for 10 E Broad St
General Information
Standard status
Active
Size
10,384 SF
Building Details
Year Built
1900
Buildings
2
Construction
brick
Tenancy
Multi
Listing Agency:
Ansley Real Estate | Christie's International Real Estate
Listed By:
COMER JENNINGS · License #165488
(404) 264-9000
Source:
Brockteam
Added: Sep 9
Changed: Sep 10
Last Checked: Sep 10 at 2:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ansley Real Estate | Christie's International Real Estate
Investment Insights
Based on property information with market context.
This two-building storefront property spans 10,384 SF across four connected addresses at 10, 12, 14, and 16 E Broad St. The buildings feature high ceilings and open interior plans that can accommodate a range of retail, service, and office configurations. The 6,608-SF portion at 10, 12, and 14 E Broad St is occupied by a framing shop, janitorial company, and law firm, while the 3,776-SF building at 16 E Broad St is occupied by a bank.
The property is positioned in downtown Newnan near the Federal Courthouse, Post Office, Justice Center, and Coweta County Courthouse. Public parking is available along Broad Street, on nearby side streets, and in several city lots. The four storefronts provide street-facing commercial space within a walkable downtown setting.
The property is positioned in downtown Newnan near the Federal Courthouse, Post Office, Justice Center, and Coweta County Courthouse. Public parking is available along Broad Street, on nearby side streets, and in several city lots. The four storefronts provide street-facing commercial space within a walkable downtown setting.
Key Highlights
- Two adjoining buildings totaling 10,384 SF
- Four storefront addresses: 10, 12, 14 & 16 E Broad St
- 6,608 SF occupied by 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
—
—
no second resolved use
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
9k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 41%
Shops & Services 34%
Dining 26%
Sherwin-Williams Paint Store
Home Improvements & Furnishings
3,517 visits/mo
0.2 miles
Truist
Shops & Services
2,425 visits/mo
0.2 miles
Domino's Pizza
Dining
2,213 visits/mo
0.1 miles
Bank OZK
Shops & Services
511 visits/mo
0.1 miles
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 Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Adjoining buildings provide high ceilings and open layouts suited to flexible retail or office configurations.
Where is this storefront property located?
The property is located at 10 E Broad St 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: Two adjoining buildings totaling 10,384 SF; Four storefront addresses: 10, 12, 14 & 16 E Broad St; 6,608 SF occupied by a framing shop, janitorial company, and law firm
