Commercial Land with Existing
For Sale
$824,900
3193 W Highway 16, Newnan, GA 30263
Commercial Sale, Newnan, GA
Property Size3,100 SF
Lot Size5.03 Acres
Price / SF$266.10
Days on Market196
Property Features for 3193 W Highway 16
General Information
Property type
Commercial Sale
Property subtype
Office
Lot features
Level
Directions
GPS
Standard status
Active
APN
033 4021 018
Size
3,100 SF
Lot size
5.03 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2061
Utilities
Utilities
Water Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1990
Building materials
Concrete
Roof type
Composition
Listing Agency:
Bush Real Estate
(770) 252-0042
Listed By:
Jeffery L Avery · License #269138
(404) 867-7582
Added: Apr 3
Changed: Sep 3
Last Checked: Oct 15 at 10:06AM
MLS# 10725000
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 5.03-acre commercial land offering includes a 3,100-square-foot structure built in 1990. The building features concrete construction, a composition roof, central heating, and central air conditioning. Commercial zoning is identified for the property, and a county traffic study has been completed.
The site is located at 3193 W. Highway 16 in Newnan, Georgia. Water is available through the public water system, while wastewater service is provided by a septic tank. These existing site and building features provide a defined starting point for evaluating the property’s commercial use and improvements.
The site is located at 3193 W. Highway 16 in Newnan, Georgia. Water is available through the public water system, while wastewater service is provided by a septic tank. These existing site and building features provide a defined starting point for evaluating the property’s commercial use and improvements.
Key Highlights
- 5.03‑acre commercial land parcel
- Includes a 3,100‑square‑foot building built in 1990
- Commercial zoning with a completed county traffic study
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,512
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$830,240
$830.2K
Cap Rate 7%
$593,029
$593.0K
Cap Rate 9%
$461,244
$461.2K
Market Conditions
NOI Build-Up for 3,100 SF
Gross rent
$74.0K $23.87/SF
− Vacancy
−$18.6K −$6.02/SF
EGI
$55.3K $17.85/SF
− OpEx
−$13.8K −$4.46/SF
NOI
$41.5K $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 Rate 5%
$830,240
Cap Rate 7%
$593,029
Cap Rate 9%
$461,244
Alternative Uses
Best Use
Office B
$593.0K
$518.9K – $691.9K
NOI $41,512 @ 7.0% cap · market cap 5.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$866.6K
$758.3K – $1.01M
NOI $60,660 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
7
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Commercial zoning is paired with an existing structure and available water service.
Where is this commercial land located?
The property is located at 3193 W Highway 16 Newnan, GA.
What is the asking price?
The asking price for this property is $824,900.
What are key features of this property?
This property features: 5.03‑acre commercial land parcel; Includes a 3,100‑square‑foot building built in 1990; Commercial zoning with a completed county traffic study
