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211 Millard Farmer Industrial Blvd Newnan, GA 30263

OFF-MARKET Office Spaces Google Maps
7,950 SF 1.5 ac lot Built 1992
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This 7,950 square foot, single-story Class B medical office building in Newnan, GA, is situated on a 1.5-acre lot with 300 feet of frontage on Rt. 34. The property, built in 1992, offers ample parking for up to 28 vehicles, including two handicap-accessible spaces. Previously used as a diagnostic center and training facility, the versatile layout includes several private offices, treatment rooms, a nurses' station, kitchen/breakroom, patient check-in/check-out area, business office, and storage. Two rooms are specifically designed for radiology equipment, featuring 6' reinforced concrete walls, shielded lead and steel-lined doors, and 2' thick concrete floors. These rooms measure 736 and 1,284 square feet respectively. The interior boasts a neutral color palette, wall-to-wall carpet in main areas, and linoleum tile in treatment rooms and the kitchen. The property is zoned C-I and is conveniently located 1.7 miles from I-85, 2 miles from Rt. 29, and 4.5 miles from Piedmont Newnan, providing excellent access to major roadways and a substantial daytime population. The asking price is $1,300,000, resulting in a price per square foot of $163.52. The property is currently vacant and consists of one unit. This owner/user investment opportunity presents a unique chance to acquire a well-equipped medical facility in a prime Newnan location.

Property profile

Verified
Property type Office Spaces
Year built 1992
Total area 7,950 SF
Lot 1.5 ac (65,340 SF)

Cap rate & NOI

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Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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