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    1141 Corinth Rd Newnan, GA 30263

    For Sale
    $1,900,000

    GA Senior Living Investment: High NOI

    Property size:
    5,574 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 15-unit personal care home in Newnan, Georgia, presents a compelling investment opportunity. The property boasts 5,574 square feet on a 5.11-acre lot, built in 1996 and currently operating at 90% occupancy. The stabilized investment features a strong NOI of $230,000, translating to a 12.11% cap rate and a price per unit of $126,667. The asking price is $1,900,000, with a price per square foot of $340.87. The property is fully furnished and zoned RC, allowing for potential expansion. Located in a high-demand area, the property benefits from significant unmet demand for assisted living units, projected to increase substantially by 2026. The surrounding demographics showcase high average household income, net worth, and home values, supporting the property's strong financial performance. This is a rare opportunity to acquire a well-established, high-performing senior living facility with significant growth potential in a thriving market. The property includes both the real estate and the established business. The single-story building offers 15 licensed units. Market analysis indicates a substantial unmet need for assisted living in the area, with projections showing a 275% increase in demand by 2026. The average rent for assisted living within a 10-mile radius is $5,124.

    Property Features for 1141 Corinth Rd

    General Information

    Property type
    Retirement homes
    Square Feet
    5,574 SF
    Lot Size
    222,592 SF

    Building Details

    Year Built
    1996
    Stories
    1
    Units
    15
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Corinth Road Personal ... Assisted Living Facility

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Kitchen & Bath HVAC Service Furniture Store Electrical Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newnan
    County
    Coweta
    State
    Georgia
    Longitude
    -84.8082313
    Latitude
    33.3297801

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    FAQs

    What type of property is this?
    Retirement home - GA Senior Living Investment: High NOI
    Where is this retirement home located?
    The property is located at 1141 Corinth Rd Newnan, GA.
    What is the asking price?
    The asking price for this property is $1,900,000.
    (404) 876-1640
    Request Owner's contact information
    1141 Corinth Rd Newnan, GA 30263
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    Newnan, GA 30263
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1141 Corinth Rd Newnan, GA 30263
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