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    Property profile & analytics

    1074 Bullsboro Dr Newnan, GA 30214

    • Neighborhood centers
    • 460,962 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Amvets Drop Box / Donations Center / Charity
    • Newnan Automotive Services / Car Repair And Maintenance Service
    • Ignition Switch Newnan Ga / Corporate Office
    • Transponder Car Keys Newnan GA / Car Repair And Maintenance Service / Repair Service
    • TNT Fireworks / Fireworks Store / Store

    Property Details for 1074 Bullsboro Dr

    Property size
    460,962 SF
    Property type
    Neighborhood centers
    Property subtype
    Lifestyle centers

    Description

    The Newnan Pavilion, located at 1074 Bullsboro Drive in Newnan, Georgia (zip code 30214), offers a prime retail opportunity in Coweta County. This multi-tenant shopping center boasts a total of 460,962 square feet of retail space. Currently, there are six available spaces ranging in size from a minimum of 1,202 square feet to a maximum contiguous space of 3,600 square feet. A total of 10,836 square feet is currently vacant, presenting a unique chance for businesses seeking immediate occupancy. The property is classified as a commercial strip center, ideal for a variety of retail uses. Its location in Newnan provides excellent access to a thriving community and strong consumer base. The flexible space options cater to businesses of various sizes, from smaller boutiques to larger retail establishments. This is an exceptional opportunity to establish or expand your retail presence in a well-established and highly visible shopping center. The property's size and layout offer significant potential for growth and profitability. Interested parties are encouraged to inquire about available spaces and lease terms. The property is conveniently located at 1074 Bullsboro Drive.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Newnan
    County
    Coweta
    State
    Georgia
    Longitude
    -84.7388
    Latitude
    33.3978

    Comparable in this City

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      720 Glynn N St

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      MINI-MALL • 62,194 SF
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    • Value Estimation by Request
      267,924 SF

      109 Pavilion Pkwy109-117

      MINI-MALL • 267,924 SF
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    • Value Estimation by Request
      355,007 SF

      205 Pavilion Pkwy

      MINI-MALL • 355,007 SF
      205 Pavilion Pkwy, Fayetteville, GA 30214-4065
      View Details

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    Similar Nearby for Lease

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      460,962 SF

      Newnan Pavilion Retail Center

      Georgia Shopping Center - Spaces Available
      1074 Bullsboro Dr, Newnan, GA 30214
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      Retail Space in Fayetteville, GA

      Retail property available for lease in Fayetteville, Georgia.
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    1074 Bullsboro Dr
    Newnan, GA 30214
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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.

    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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