Flexible Showroom and Office
For Sale
$925,000
Pending
114 Bullsboro Drive, Newnan, GA 30263
Commercial Sale, Newnan, GA
Property Size3,600 SF
Lot Size0.53 Acres
Days on Market98
Property Features for 114 Bullsboro Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Level
Directions
From I-85 S exit 47, west on SR34 (Bullsboro Dr), right into Eastgate Shopping Center, 1st building in front on left.
Standard status
Pending
APN
N57C 001B
Size
3,600 SF
Lot size
0.53 Acres
Taxes and HOA fees
Tax Year
25
Tax Annual Amount
3002
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1989
Building materials
Block
Listing Agency:
Josey Young & Brady Realty
(770) 683-1800
Listed By:
Taylor L Josey
(770) 652-7469
Added: Jun 5
Changed: Aug 19
Last Checked: Sep 10 at 7:06PM
MLS# 10781970
Copyright © 2026 Georgia Multiple Listing Service. 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 3,600-square-foot commercial building occupies a 0.53-acre outparcel and combines a large showroom with dedicated office areas. Built in 1989, the block-constructed property includes central heating and central air conditioning, with public water and public sewer service. Cable is available.
The property fronts Eastgage Shopping Center along Bullsboro Drive in Newnan, Georgia. Reported traffic exceeds 25,000 vehicles per day, providing a prominent commercial setting. Its flexible interior arrangement is suited to retail, salon or day spa, insurance, office, and medical office uses identified for the property.
The property fronts Eastgage Shopping Center along Bullsboro Drive in Newnan, Georgia. Reported traffic exceeds 25,000 vehicles per day, providing a prominent commercial setting. Its flexible interior arrangement is suited to retail, salon or day spa, insurance, office, and medical office uses identified for the property.
Key Highlights
- 3,600 SF commercial building on a 0.53‑acre outparcel
- Large showroom paired with office areas
- Fronts Eastgage Shopping Center on Bullsboro Drive
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
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Open Analytics
Current Use
Lease Details
25,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
383
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Block construction with central HVAC and public water and sewer accommodates a range of commercial configurations.
Where is this flex space located?
The property is located at 114 Bullsboro Drive 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 on a 0.53‑acre outparcel; Large showroom paired with office areas; Fronts Eastgage Shopping Center on Bullsboro Drive
