Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Newnan Office & Warehouse Space Title is generated by Realmo AI

    39 Herring Rd, Newnan, GA 30265

    View on Map
    For Sale
    Contact for pricing

    2,000 SF office on 22,000 SF For Sale

    Property size:
    22,000 SF
    Lot size:
    3.03 Acres
    Added:
    Jan 31, 2025
    Days on Market:
    487
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 39 Herring Rd

    General Information

    Standard status
    Active
    Property type
    Other office properties, Office buildings, Warehouses, Office Spaces, Industrial properties
    Size
    22,000 SF
    Elevators
    N/A
    Lot size
    3.03 Acres

    Building Details

    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Rhett Delk

    Listing agent Rhett

    Listing office

    Listing date Jan 31, 2025

    Overview

    Located in Newnan, Georgia, this property features a 22,000 square foot building on 3.03 acres. The property includes 2,000 square feet of office space. The warehouse area features a 20-foot clear height, along with two dock-high doors and two drive-in doors for efficient loading and unloading. Ample employee parking is available. The property also offers the potential for developing an additional outside storage area. This property is suited for businesses seeking a combination of office and warehouse space. The existing infrastructure offers flexibility for future growth and adaptation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Groov-Pin Screw Machine ... Industrial Manufacturer

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newnan
    County
    Coweta
    State
    Georgia
    Longitude
    -84.750093
    Latitude
    33.407295

    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
    • $185,000
      1,580 SF

      Commercial Building Near Downtown Newnan

      Four-sided brick building in high-traffic area near historic downtown.
      119 E Broad 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
    • $475,000
      800 SF

      Historic Building in Downtown Newnan

      Charming 1900s building near Newnan's Square with endless potential.
      15 E Broad Street, Newnan, GA 30263
      View Details
    • $1,400,000
      3,432 SF

      Restaurant Property with Established Business

      Turnkey restaurant with real estate, FF&E, and ongoing business.
      91 Millard Farmer Industrial Boulevard, Newnan, GA 30263
      View Details
    • $4,095,000

      New Construction Chipotle Restaurant

      New construction Chipotle with drive-thru in the Atlanta metropolitan area.
      2909 E Hwy 34, Newnan, GA 30265
      View Details
    • $1,950,000
      8,878 SF

      Healthcare/Senior Housing Facility Available

      Healthcare or senior housing facility with immediate occupancy.
      22 Madras Parkway, Newnan, GA 30263
      View Details
    • $1,200,000
      1,658 SF

      Newnan Commercial Property on Highway

      Commercial/Professional property with high traffic visibility on Highway 34.
      2646 HWY 34 E, Newnan, GA 30265
      View Details
    • $7,500,000

      Chestnut Lane Apartments Opportunity

      Apartment complex in growing Newnan, GA transitioning to market rates.
      82-A Berry Ave, Newnan, GA 30263
      View Details
    • $3,000,000
      23,994 SF

      Historic Coca-Cola Building, Newnan

      Three buildings with ample parking in downtown Newnan, Georgia.
      167 Greenville Street, Newnan, GA 30263
      View Details
    • $3,000,000

      Historic Coca-Cola Building For Sale

      Historic mixed-use property in downtown Newnan, south of Atlanta.
      167 Greenville Street, Newnan, GA 30263
      View Details

    FAQs

    What type of property is this?
    Office property - 2,000 SF office on 22,000 SF For Sale
    Where is this office property located?
    The property is located at 39 Herring Rd Newnan, GA.
    (404) 446-1567
    We can help!
    Listing Contact
    Rhett Delk
    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

    Thank You for Inquiry
    39 Herring Rd, Newnan, GA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!