Single-Story Brick Office
New
For Sale
$385,000
14 Farmer Street, Newnan, GA 30263
Configured with private offices, reception, waiting, and support areas.
Property Size1,960 SF
Price / SF$168.12
Days on Market5
Property Features for 14 Farmer Street
General Information
Standard status
Active
Size
1,960 SF
Total Parking Spaces
10
Property subtype
Other
Zoning
CGN
Additional Details
Highway Access
Yes
Amenities
covered porch
security cameras
coffee/copy room
Land Lot: 40, 0.19 acres, City Lot, Level
Composition
Public Sewer
Annual Amount: $2,466, Year: 2025
Carpet
Central Air, Electric
Central, Forced Air, Natural Gas
Cumulative Days on Market: 2, 2 days on market, On Market Date: 2026-08-07
Parking Total: 10, Parking Lot
Built in 1960, Brick, Vinyl Siding, Office
County: Coweta
Resale
220 Volts, Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Phone Available, Sewer Available, Water Available, Public
Close Of Escrow
Closed Circuit Cameras
Building Details
Building Size
1,960 SF
Year Built
1960
Buildings
2
Stories
1
Construction
brick
Listing Agency:
Lindsey's Inc., Realtors
(404) 936-7422
Listed By:
Tom Barron
(404) 936-7422
Source:
Blackstreaminternational
Added: Aug 7
Changed: Aug 11
Last Checked: Aug 11 at 7:51AM
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.
Built in 1960, this one-story, four-sided brick office property offers 2,290+/- SF of commercial space. The interior includes a waiting room with LVP flooring, reception area, 7 private offices, a coffee/copy room, and two tiled restrooms. Several offices include closets, while security cameras serve both the interior and exterior. A covered front porch adds a welcoming entry feature.
The property is located at 14 Farmer Street in Newnan, 2.1 miles from I-85 and 1.3 miles from historic Downtown Newnan. A concrete parking lot provides 10 spaces, including a handicap-accessible space. The site also includes a separate 20x20 storage building. CGN zoning and the existing office layout support professional office uses, with the source information also identifying medical, dental, insurance, real estate, accounting, law, and beauty salon applications.
The property is located at 14 Farmer Street in Newnan, 2.1 miles from I-85 and 1.3 miles from historic Downtown Newnan. A concrete parking lot provides 10 spaces, including a handicap-accessible space. The site also includes a separate 20x20 storage building. CGN zoning and the existing office layout support professional office uses, with the source information also identifying medical, dental, insurance, real estate, accounting, law, and beauty salon applications.
Key Highlights
- 2,290+/- SF one‑story office building with four‑sided brick construction
- Interior layout includes 7 private offices, reception, waiting room, coffee/copy room, and two tiled restrooms
- CGN zoning supports the existing commercial office configuration
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
$30,666
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
7.97%
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%
$613,320
$613.3K
Cap Rate 7%
$438,086
$438.1K
Cap Rate 9%
$340,733
$340.7K
Market Conditions
NOI Build-Up for 2,290 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
$54.7K $23.87/SF
− Vacancy
−$13.8K −$6.02/SF
EGI
$40.9K $17.85/SF
− OpEx
−$10.2K −$4.46/SF
NOI
$30.7K $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%
$613,320
Cap Rate 7%
$438,086
Cap Rate 9%
$340,733
Alternative Uses
Best Use
Office B
$438.1K
$383.3K – $511.1K
NOI $30,666 @ 7.0% cap · market cap 7.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$640.1K
$560.1K – $746.8K
NOI $44,810 @ 7.0% cap · market cap 11.64%
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
815
Businesses Nearby
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?
Office building - Configured with private offices, reception, waiting, and support areas.
Where is this office building located?
The property is located at 14 Farmer Street Newnan, GA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 2,290+/- SF one‑story office building with four‑sided brick construction; Interior layout includes 7 private offices, reception, waiting room, coffee/copy room, and two tiled restrooms; CGN zoning supports the existing commercial office configuration
