Property profile

11 Spence Ave Newnan, GA 30263

OFF-MARKET
Turn key restaurants
Property ID
US22-0941364
2,892 SF 0.49 ac lot Built 1975
Individually Owned 4-yr Hold Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1975
Construction WOOD FRAME
Total area 2,892 SF
Lot 0.49 ac (21,344 SF)
Zoning code C2
APN N30 0003 006A
UPID US22-0941364

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

11 Spence Ave Newnan, GA 30263-2641
Newnan metro Census 170604 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2022
5 recorded transactions
2022
Price N/A
2014
$90,000
2007
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C2 · Newnan, GA

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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