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    Newnan, GA 30263
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    , Newnan, GA 30263

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    • Specialty properties
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    Value Estimations
    Cap Rate Potential
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    Current Use by Public Records

    • Specialty properties

    Property Details

    Property type
    Specialty properties
    Property subtype
    Airport retail

    Description

    This exceptional opportunity presents 12,000 square feet of developable hangar space at the Newnan-Coweta County Airport (CCO) in Newnan, Georgia (zip code 30263). Located on E Aviation Wy, this special-purpose property offers a single, large space ideal for multiple tenants. The site is fully serviced with readily available water, electric, gas, cable, and fiber optic utilities, eliminating the need for extensive infrastructure development. Its strategic location directly adjacent to Interstate 85 provides unparalleled access to the Atlanta metropolitan area and the thriving communities to the south. Choosing CCO offers a significant advantage over other Atlanta-area airports, providing a streamlined, hassle-free experience and avoiding the congestion and high fees often associated with larger facilities. Furthermore, CCO boasts some of the most competitive fuel pricing in the region, representing a substantial cost savings for operators. This prime location and comprehensive infrastructure make this an exceptional investment opportunity for businesses seeking efficient and cost-effective hangar space in a rapidly growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Newnan
    County
    Coweta
    State
    Georgia
    Longitude
    -84.7699
    Latitude
    33.3179

    Comparable in this City

    • Value Estimation by Request
      1,050 SF

      55 Nation Dr

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      3,510 SF

      26 Carmichael St

      CHARITABLE ORGANIZATION
      26 Carmichael St, Newnan, GA 30263-1530
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      4,504 SF

      Newnan, GA 30263

      CHARITABLE ORGANIZATION
      Newnan, GA 30263
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    • Value Estimation by Request
      6,496 SF

      182 Millard Farmer Ind Blvd

      FUNERAL HOME
      182 Millard Farmer Ind Blvd, Newnan, GA 30263-1090
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      0.21 Acres

      Newnan, GA 30263

      CHARITABLE ORGANIZATION
      Newnan, GA 30263
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    • Value Estimation by Request
      1,400 SF

      165 Jackson St

      CHARITABLE ORGANIZATION
      165 Jackson St, Newnan, GA 30263
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    Similar Nearby for Sale

    • Contact for pricing
      1,050 SF

      New T-Hangar at County Airport

      New hangar near Atlanta with convenient interstate access.
      55 Nation Dr, Newnan, GA 30263
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    • $1,400,000
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      Restaurant Property with Established Business

      Turnkey restaurant with real estate, FF&E, and ongoing business.
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    • $185,000
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      Commercial Building Near Downtown Newnan

      Four-sided brick building in high-traffic area near historic downtown.
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    • $475,000
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      Historic Building in Downtown Newnan

      Charming 1900s building near Newnan's Square with endless potential.
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    • $500,000
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      Prime Commercial Land in Newnan

      High-visibility commercial land in a rapidly growing area.
      Westside Ct, Newnan, GA 30263
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    • Contact for pricing

      9.5 Acres Commercial Site

      9.5-acre commercial site suitable for retail and personal services.
      Ga-16, Newnan, GA 30263
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    Similar Nearby for Lease

    • Contact for pricing

      Kroger Anchored Shopping Center Space

      Recently renovated shopping center anchored by Kroger and Ollie's.
      50 Bullsboro Dr, Newnan, GA 30263
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    • Contact for pricing

      Retail Building Near I-85

      Freestanding retail building available for ground lease or build-to-suit.
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    • $2,333 /Mo
      54,000 SF

      Newnan Retail or Office Space

      Retail or office space in bustling Westside Plaza.
      273 Temple Ave, Newnan, GA 30263
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    • $3,250 /Mo
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      Newnan Commercial Space For Rent

      Well-maintained office and warehouse space near downtown Newnan.
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    • 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
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    • New
      $2,000 /Mo
      1,600 SF

      Newnan Office Space For Rent

      Office space with reception, conference room, and private offices.
      6 Jefferson Pkwy, Newnan, GA 30263
      View Details
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    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
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