Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    22 Madras Pkwy Newnan, GA 30263
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    22 Madras Pkwy Newnan, GA 30263

    View on Map
    • Retirement homes
    • 8,878 SF
    • 2.68 lot acres
    For Sale
    $2,650,000
    View Listing →
    Prime Newnan Senior Living Facility For Sale
    $2,650,000
    8,878 SF

    Prime Newnan Senior Living Facility

    12-Unit, 8,878 SF, Value-Add Opportunity

    22 Madras Pkwy, Newnan, GA 30263
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retirement homes

    Property Details for 22 Madras Pkwy

    Year built
    2009
    Lot size
    2.68 lot acres
    Property size
    8,878 SF
    Property type
    Retirement homes
    Property subtype
    Healthcare properties

    Description

    This exceptional 8,878 square foot senior living facility, located at 22 Madras Pkwy in Newnan, Georgia (zip code 30263), presents a compelling value-add investment opportunity. Built in 2009 on a 2.68-acre lot, this single-building property currently sits vacant and offers 12 units, each designed for double occupancy, totaling 24 beds. The property boasts fully functional medical areas, including a medication room, medical waste room, and nurses' workroom, making it ideally suited for various senior housing or medical uses. Existing amenities include a reception area, conference room, chapel, full kitchen, and laundry room. The R-C (Rural Conservation) zoning allows for flexibility, though some uses may require additional zoning approvals. The property's potential is further enhanced by the strong local demographics, with an average household income for residents 55+ exceeding $78,369 and average home values at $252,284. Detailed market and demographic reports, along with a 2017 appraisal, are available upon request. This is a rare chance to acquire a well-maintained, vacant facility in a desirable location, ready for immediate occupancy and poised for significant return on investment. The asking price is $2,650,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Newnan
    County
    Coweta
    State
    Georgia
    Longitude
    -84.7551
    Latitude
    33.4331

    Comparable in this City

    • Value Estimation
      $575,000
      37,325 SF

      244 Broad St

      HOMES (RETIRED, NURSING) • 37,325 SF
      244 Broad St, Newnan, GA 30263-1818
      View Details
    • Value Estimation by Request
      8,872 SF

      22 Madras Pkwy

      HOMES (RETIRED, NURSING) • 8,872 SF
      22 Madras Pkwy, Newnan, GA 30263-2114
      View Details
    • Value Estimation
      $2,900,000
      21,848 SF

      27 Belk Rd

      HOMES (RETIRED, NURSING) • 21,848 SF
      27 Belk Rd, Newnan, GA 30263-1700
      View Details
    • Value Estimation by Request
      27,353 SF

      120 Spg St

      HOMES (RETIRED, NURSING) • 27,353 SF
      120 Spg St, Newnan, GA 30263-2824
      View Details
    • Value Estimation by Request
      48,325 SF

      450 Newnan Lks Blvd

      HOMES (RETIRED, NURSING) • 48,325 SF
      450 Newnan Lks Blvd, Newnan, GA 30263-6342
      View Details
    • Value Estimation
      $5,305,000
      10,608 SF

      355 Millard Farmer Ind Blvd

      HOMES (RETIRED, NURSING) • 10,608 SF
      355 Millard Farmer Ind Blvd, Newnan, GA 30263-1067
      View Details

    Similar Nearby for Sale

    • $2,650,000
      8,878 SF

      Prime Newnan Senior Living Facility

      12-Unit, 8,878 SF, Value-Add Opportunity
      22 Madras Pkwy, Newnan, GA 30263
      View Details
    • $1,950,000

      Healthcare/Senior Housing Facility Available

      Healthcare or senior housing facility with immediate occupancy.
      22 Madras Pkwy, Newnan, GA 30263
      View Details
    • $2,100,000

      Licensed Personal Care Home Opportunity

      15-unit personal care home on 5.11 acres in Newnan, GA.
      1141 Corinth Rd, Newnan, GA 30263
      View Details
    • $1,950,000

      Newnan Healthcare Facility For Sale

      Healthcare facility with 12 units, ready for immediate occupancy.
      22 Madras Pkwy, Newnan, GA 30263
      View Details
    • $8,000,000
      22.91 Acres

      Income-Producing Land with Development Potential

      22+ acres with income and commercial development potential in Newnan, GA.
      5424 Highway 29 N, Newnan, GA 30263
      View Details
    • $7,500,000

      Chestnut Lane Apartments Opportunity

      Apartment complex in growing Newnan, GA transitioning to market rates.
      82-A Berry Ave, Newnan, GA 30263
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Building Near I-85

      Freestanding retail building available for ground lease or build-to-suit.
      784 Bullsboro Dr, Newnan, GA 30263
      View Details
    • Contact for pricing
      244,200 SF

      Newnan Warehouse Space Available

      244,200 square foot warehouse space for rent in Newnan.
      873 Highway 29 S, Newnan, GA 30263
      View Details
    • Contact for pricing

      Newnan Industrial Warehouse For Lease

      5,402 SF warehouse with dock doors, convenient location.
      5 Haynie St, Newnan, GA 30263
      View Details
    • Contact for pricing
      6,981 SF

      Medical Office Space For Lease

      Medical office space available near Piedmont Newnan Hospital.
      710 Newnan Crossing Byp, Newnan, GA 30263
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space in Newnan, GA

      Retail space in a prominent retail district with high visibility.
      1111 Bullsboro Dr, Newnan, GA 30263
      View Details
    • Contact for pricing

      Kroger Anchored Shopping Center Space

      Recently renovated shopping center anchored by Kroger and Ollie's.
      50 Bullsboro Dr, Newnan, GA 30263
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    22 Madras Pkwy
    Newnan, GA 30263
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!