Licensed Personal Care Home
For Sale
$2,100,000
1141 Corinth Road, Newnan, GA 30263
15-unit licensed personal care home with real estate included.
Property Size5,574 SF
Lot Size5.11 Acres
Price / SF$376.75
Days on Market196
Property Features for 1141 Corinth Road
General Information
Standard status
Active
Size
5,574 SF
Lot size
5.11 Acres
Property subtype
Multi-Family
Building Details
Building Size
5,574 SF
Year Built
1996
Units
15
Listing Agency:
Bull Realty
Listed By:
Ernie Anaya, MBA · License ##93244
(404) 876-1640
Source:
Commercialcafe
Added: Mar 26
Changed: Sep 28
Last Checked: Oct 5 at 3:39PM
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 is a 15-unit licensed Personal Care Home, including real estate and business, located in Newnan, GA (Metro Atlanta) on 5.11 acres. The property is zoned RC. The property is fully furnished and currently has 100% occupancy. The property has below market rental rates. The total demand is 322 Assisted Living units today growing to 421 in 2026 in the PMA, a 30.74 % increase. There is a total of 286 units with within the 10-mile PMA with 0 planned new units. The Unmet Demand for Assisted Living units in the Newnan PMA totals 36 units growing to 135 units in 2026, an 275.0 % increase. Demographics for Age 75+ within the 10 mile radius are as follows: Average Household Income is $54,914, average net worth is $910,804, and average housing values are $274,022. Disability statistics age 75+ in Newnan include: Cognitive Difficulty (e.g., Alzheimer’s) – 37.5%, Ambulatory Difficulty – 45.7%, Self-Care – 34.5%, Independent Living Difficulty – 62.2%. The 10-mile PMA average rents for assisted living is $5,124. The property offers the ability to add cottages.
Key Highlights
- 100% Occupancy in Metro Atlanta, significantly outperforming the 74.6% average.
- Significant unmet demand for assisted living units in the 10‑mile PMA, projected to grow 275% by 2026.
- Includes both real estate and the operating business.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,881
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,497,620
$1.5M
Cap Rate 7%
$1,069,729
$1.1M
Cap Rate 9%
$832,011
$832.0K
Market Conditions
NOI Build-Up for 5,574 SF
Gross rent
$145.1K $26.04/SF
− Vacancy
−$9.0K −$1.61/SF
EGI
$136.1K $24.43/SF
− OpEx
−$61.3K −$10.99/SF
NOI
$74.9K $13.43/SF
Area
Coweta County, GA
Vacancy
6.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,497,620
Cap Rate 7%
$1,069,729
Cap Rate 9%
$832,011
Alternative Uses
Best Use
Apartment 5plus
$1.07M
$936.0K – $1.25M
NOI $74,881 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $109,070 @ 7.0% cap · market cap 5.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
32
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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Similar Off Market Nearby
- Corinth Road Personal Care — 1141 Corinth Rd, Newnan, GA 30263
Frequently Asked Questions
What type of property is this?
Assisted living facility - 15-unit licensed personal care home with real estate included.
Where is this assisted living facility located?
The property is located at 1141 Corinth Road Newnan, GA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 100% Occupancy in Metro Atlanta, significantly outperforming the 74.6% average.; Significant unmet demand for assisted living units in the 10‑mile PMA, projected to grow 275% by 2026.; Includes both real estate and the operating business.
