Multi-Building Flex
New
For Sale
$1,399,900
1180 Highway 29 S, Newnan, GA 30263
Three buildings combine office, warehouse, workshop, and mechanic-shop improvements on a commercial site.
Property Size1,979 SF
Lot Size4.94 Acres
Price / SF$149.80
Days on Market7
Property Features for 1180 Highway 29 S
General Information
Standard status
Active
Size
1,979 SF
Lot size
4.94 Acres
Property subtype
Other
Zoning
OLD C COMMERCIAL
Additional Details
Highway Access
Yes
Office Build-Out
3,000 SF
Amenities
Land Lot: 57+, 4.946 acres, Level
Metal
Septic Tank
Annual Amount: $8,207, Year: 2025
Concrete
Central Air, Electric, Office Area Only
Central, Electric, Office Only
Cumulative Days on Market: 4, 4 days on market, On Market Date: 2026-08-13
Paved
Built in 1979, Brick, Steel Siding, Stone
County: Coweta
Resale
440 Volts, Cable Available, Electricity Available, High Speed Internet, Phone Available, Sewer Available, Water Available, Well
Negotiable
Building Details
Building Size
1,979 SF
Year Built
1979
Buildings
3
Listing Agency:
Lindsey's Inc., Realtors
(404) 936-7422
Listed By:
Tom Barron
(404) 936-7422
Source:
Blackstreaminternational
Added: Aug 13
Changed: Aug 19
Last Checked: Aug 19 at 6:43AM
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 Lindsey's Inc., Realtors
Investment Insights
Based on property information with market context.
This flex property comprises three separate buildings totaling approximately 9,345 square feet on 4.94 acres. The primary 6,030-square-foot building combines approximately 3,000 square feet of office area with 3,030 square feet of warehouse space. Its office layout includes a foyer, eight private offices, open workspace, break room, and separate men’s and women’s restrooms. The warehouse has a 16' x 10' roll-up door and a 10' x 8' garage door, while central electric heating and air conditioning serve the office portion.
A 1,215-square-foot workshop and storage building includes two 14' x 12' garage doors, electricity, and water. The 2,100-square-foot third building is configured as a mechanic shop with three front garage doors, one rear garage door, a restroom, and an upstairs office. The property is zoned Old C Commercial and is located minutes from Historic Downtown Newnan, Interstate 85, and Highway 16 East. All three buildings are leased on month-to-month terms.
A 1,215-square-foot workshop and storage building includes two 14' x 12' garage doors, electricity, and water. The 2,100-square-foot third building is configured as a mechanic shop with three front garage doors, one rear garage door, a restroom, and an upstairs office. The property is zoned Old C Commercial and is located minutes from Historic Downtown Newnan, Interstate 85, and Highway 16 East. All three buildings are leased on month-to-month terms.
Key Highlights
- 4.94‑acre site with three separate commercial buildings
- Approximately 9,345 square feet across all three buildings
- Primary building includes approximately 3,000 square feet of office and 3,030 square feet of warehouse space
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
$125,140
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
8.94%
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%
$2,502,800
$2.5M
Cap Rate 7%
$1,787,714
$1.8M
Cap Rate 9%
$1,390,444
$1.4M
Market Conditions
NOI Build-Up for 9,345 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
$223.1K $23.87/SF
− Vacancy
−$56.2K −$6.02/SF
EGI
$166.9K $17.85/SF
− OpEx
−$41.7K −$4.46/SF
NOI
$125.1K $13.39/SF
Area
Coweta County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
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%
$2,502,800
Cap Rate 7%
$1,787,714
Cap Rate 9%
$1,390,444
Alternative Uses
Best Use
Retail
$1.88M
$1.64M – $2.19M
NOI $131,441 @ 7.0% cap · market cap 9.39%
Second Best
Office B
$1.79M
$1.56M – $2.09M
NOI $125,140 @ 7.0% cap · market cap 8.94%
Theoretical Best
Office A
$2.61M
$2.29M – $3.05M
NOI $182,860 @ 7.0% cap · market cap 13.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
Well-served
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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Frequently Asked Questions
What type of property is this?
Flex space - Three buildings combine office, warehouse, workshop, and mechanic-shop improvements on a commercial site.
Where is this flex space located?
The property is located at 1180 Highway 29 S Newnan, GA.
What is the asking price?
The asking price for this property is $1,399,900.
What are key features of this property?
This property features: 4.94‑acre site with three separate commercial buildings; Approximately 9,345 square feet across all three buildings; Primary building includes approximately 3,000 square feet of office and 3,030 square feet of warehouse space
