Industrial Building on
New
For Sale
$1,890,000
24 Amlajack Boulevard, Newnan, GA 30265
Commercial Sale, Newnan, GA
Property Size12,502 SF
Lot Size3.93 Acres
Price / SF$151.18
Days on Market2
Property Features for 24 Amlajack Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Lot features
Industrial Park, Level
Directions
From Interstate 85N, take exit 47 for GA-34 towards Newnan. Slight right onto GA-34 W. Turn right onto Amlajack Blvd. Make a U-turn at St John Circle. Turn right. Turn left. Business will be on the right. Sign by the road.
Standard status
Active
APN
085 5076 039
Size
12,502 SF
Lot size
3.93 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
7744
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1998
Building materials
Brick
Listing Agency:
Keller Williams Realty Atl. Partners
(770) 252-2266
Listed By:
Charles R Davis · License #329507
(404) 788-1164
Added: Sep 24
Last Checked: Sep 25 at 4:06AM
MLS# 10852573
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 industrial property contains 12,502 square feet in a brick building constructed in 1998. Central heating and central air conditioning serve the interior, and a parking lot is on site.
The property occupies 3.93 acres at 24 Amlajack Boulevard in Newnan, Coweta County, Georgia. Public water and sewer serve the site, and cable is available.
The property occupies 3.93 acres at 24 Amlajack Boulevard in Newnan, Coweta County, Georgia. Public water and sewer serve the site, and cable is available.
Key Highlights
- 12,502 square feet of building area
- 3.93‑acre property at 24 Amlajack Boulevard in Newnan
- Brick construction; built in 1998
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
$76,160
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
4.03%
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%
$1,523,200
$1.5M
Cap Rate 7%
$1,088,000
$1.1M
Cap Rate 9%
$846,222
$846.2K
Market Conditions
NOI Build-Up for 12,502 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
$118.5K $9.48/SF
− Vacancy
−$9.7K −$0.78/SF
EGI
$108.8K $8.70/SF
− OpEx
−$32.6K −$2.61/SF
NOI
$76.2K $6.09/SF
Area
Coweta County, GA
Vacancy
8.20%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
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%
$1,523,200
Cap Rate 7%
$1,088,000
Cap Rate 9%
$846,222
Alternative Uses
Best Use
Industrial
$1.09M
$952.0K – $1.27M
NOI $76,160 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.49M
$3.06M – $4.08M
NOI $244,635 @ 7.0% cap · market cap 12.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
403
Businesses Nearby
Explore this area
Business Placement
Demographics for 30265, GA
36,697
Population
15,331
Households
2.4
Avg Household Size
40
Median Age
40%
College-Educated
95%
High-School Grad
44.0 sq mi
ZIP Area
834
Density / Sq Mi
$104,446
Median Household Income
$55,349
Median Earnings
$1,623
Median Rent
$331,900
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Brick construction, central heating and air, and a parking lot serve the building on a 3.93-acre parcel.
Where is this industrial property located?
The property is located at 24 Amlajack Boulevard Newnan, GA.
What is the asking price?
The asking price for this property is $1,890,000.
What are key features of this property?
This property features: 12,502 square feet of building area; 3.93‑acre property at 24 Amlajack Boulevard in Newnan; Brick construction; built in 1998
