Newnan Healthcare Facility For
For Sale
$1,950,000
22 Madras Parkway, Newnan, GA 30263
Healthcare facility with 12 units, ready for immediate occupancy.
Property Size8,878 SF
Days on Market299
Property Features for 22 Madras Parkway
General Information
Standard status
Active
Size
8,878 SF
Property subtype
Multi-Family
Building Details
Building Size
8,878 SF
Year Built
2009
Units
12
Listing Agency:
Bull Realty
Listed By:
Ernie Anaya, MBA · License ##93244
(404) 876-1640
Source:
Commercialcafe
Added: Nov 25, 2025
Changed: Sep 14
Last Checked: Sep 19 at 6:20AM
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 Bull Realty
Investment Insights
Based on property information with market context.
This approximately 8,878 square foot property, constructed in 2009, is located in Newnan, Georgia, and is immediately available. Zoned R-C (Rural Conservation), the 12-unit healthcare facility was originally built as a hospice with a special use permit. It is suited for other senior housing and medical uses, such as a clinic or urgent care center, subject to zoning approval. The facility includes operational medical areas, such as a medication room, medical waste room, and nurses' work room. The 12 patient quarters are suitable for double occupancy, with each room containing a living area and a shared bathroom arrangement with a shower, commode, and sink. Property amenities also include a reception area, conference room, chapel, full kitchen, and laundry room. Patient rooms could be converted into exam and treatment rooms for clinic or urgent care center use. The septic tank was recently replaced with a sewer connection. Plans are underway to connect Madras Parkway to Highway I-85.
Key Highlights
- Immediately available ±8,878 SF healthcare facility suitable for senior housing or medical use.
- Built in 2009 with 12 double occupancy units, each with a living area and shared bathroom.
- Includes fully operational medical areas: medication room, medical waste room, and nurses' work room.
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
$128,722
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
6.60%
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%
$2,574,440
$2.6M
Cap Rate 7%
$1,838,886
$1.8M
Cap Rate 9%
$1,430,244
$1.4M
Market Conditions
NOI Build-Up for 8,878 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
$239.7K $27.00/SF
− Vacancy
−$25.2K −$2.84/SF
EGI
$214.5K $24.17/SF
− OpEx
−$85.8K −$9.67/SF
NOI
$128.7K $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%
$2,574,440
Cap Rate 7%
$1,838,886
Cap Rate 9%
$1,430,244
Alternative Uses
Best Use
Healthcare Medical
$1.84M
$1.61M – $2.15M
NOI $128,722 @ 7.0% cap · market cap 6.60%
Second Best
Apartment 5plus
$1.70M
$1.49M – $1.99M
NOI $119,267 @ 7.0% cap · market cap 6.12%
Theoretical Best
Office A
$2.48M
$2.17M – $2.90M
NOI $173,722 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
30
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
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Frequently Asked Questions
What type of property is this?
Senior housing / Retirement Home - Healthcare facility with 12 units, ready for immediate occupancy.
Where is this senior housing / retirement home located?
The property is located at 22 Madras Parkway Newnan, GA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Immediately available ±8,878 SF healthcare facility suitable for senior housing or medical use.; Built in 2009 with 12 double occupancy units, each with a living area and shared bathroom.; Includes **fully operational medical areas**: medication room, medical waste room, and nurses' work room.
