Versatile Retail-Office
For Sale
Contact for pricing
Pending
114 BULLSBORO DR, Newnan, GA 30263
Flexible 3,600 SF commercial building with adaptable interior for retail, office, or service use along a major retail corridor.
Property Size3,600 SF
Lot Size0.53 Acres
Days on Market56
Property Features for 114 BULLSBORO DR
General Information
Standard status
Pending
Size
3,600 SF
Lot size
0.53 Acres
Property subtype
Retail
Additional Details
Traffic Count
25,520 vehicles/day
Building Details
Year Built
1989
Stories
1
Units
1
Listing Agency:
Josey Young & Brady
(770) 683-1800
Listed By:
Taylor Josey
Source:
Crexi
Added: Jun 17
Changed: Aug 8
Last Checked: Jul 24 at 6:07PM
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 Josey Young & Brady
Investment Insights
Based on property information with market context.
The property is a 3,600 SF commercial building on a 0.53-acre outparcel. It features a flexible layout designed to accommodate a range of uses, including general retail, hair or spa services, and medical or professional office space. The building also includes an attractive storefront presence intended to support walk-in and customer-facing operations.
The site fronts Eastgate Shopping Center on Bullsboro Drive in Newnan, Georgia. The property is positioned for strong exposure with reported traffic counts of approximately 25,520 vehicles per day. The surrounding area is characterized by established retail activity, providing a commercial context for a variety of tenant and owner-user needs.
For prospective tenants, buyers, or operators, the building’s adaptable interior supports both consumer-oriented and professional service users. Its storefront positioning and visibility along an active retail corridor can help support businesses that rely on convenient access and customer awareness, while the office and medical/professional options broaden the potential user base for an owner seeking flexibility in use.
The site fronts Eastgate Shopping Center on Bullsboro Drive in Newnan, Georgia. The property is positioned for strong exposure with reported traffic counts of approximately 25,520 vehicles per day. The surrounding area is characterized by established retail activity, providing a commercial context for a variety of tenant and owner-user needs.
For prospective tenants, buyers, or operators, the building’s adaptable interior supports both consumer-oriented and professional service users. Its storefront positioning and visibility along an active retail corridor can help support businesses that rely on convenient access and customer awareness, while the office and medical/professional options broaden the potential user base for an owner seeking flexibility in use.
Key Highlights
- 3,600 SF commercial building built in 1989 at 114 Bullsboro Drive, Newnan, GA 30263
- Set on a 0.53‑acre outparcel fronting Eastgate Shopping Center
- Traffic count of approximately 25,520 vehicles per day
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
$52,196
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
5.64%
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%
$1,043,920
$1.0M
Cap Rate 7%
$745,657
$745.7K
Cap Rate 9%
$579,956
$580.0K
Market Conditions
NOI Build-Up for 3,600 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
$97.2K $27.00/SF
− Vacancy
−$10.2K −$2.84/SF
EGI
$87.0K $24.17/SF
− OpEx
−$34.8K −$9.67/SF
NOI
$52.2K $14.50/SF
Area
Coweta County, GA
Vacancy
10.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
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%
$1,043,920
Cap Rate 7%
$745,657
Cap Rate 9%
$579,956
Alternative Uses
Best Use
Healthcare Medical
$745.7K
$652.5K – $869.9K
NOI $52,196 @ 7.0% cap · market cap 5.64%
Second Best
Retail
$723.4K
$632.9K – $843.9K
NOI $50,635 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$1.01M
$880.6K – $1.17M
NOI $70,444 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
25,520 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,192
Businesses Nearby
Balanced
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Kroger Floral — 48 Bullsboro Dr, Newnan, GA 30263
Frequently Asked Questions
What type of property is this?
Storefront property - Flexible 3,600 SF commercial building with adaptable interior for retail, office, or service use along a major retail corridor.
Where is this storefront property located?
The property is located at 114 BULLSBORO DR Newnan, GA.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 3,600 SF commercial building built in 1989 at 114 Bullsboro Drive, Newnan, GA 30263; Set on a 0.53‑acre outparcel fronting Eastgate Shopping Center; Traffic count of approximately 25,520 vehicles per day
