Entity Owned Property summary
AI-generated overview
This 6,400 square foot hangar, designated #116, is available for lease at the Newnan/Coweta County Airport (KCCO) in Newnan, Georgia, zip code 30263. Located at 115 Airport Rd, this single-tenant property offers a convenient and efficient location for business and leisure travel. Situated just 30 minutes southwest of Atlanta, it provides easy access to Interstate 85, making it strategically positioned within the southwest quadrant of metro Atlanta. The airport itself boasts Instrument Landing System (ILS) and RNAV approaches, ensuring reliable access in various weather conditions. A full-service Fixed Base Operator (FBO) is also available on-site, providing comprehensive support services for aircraft and pilots. The property sits on 0.2 acres of land and is classified as a special purpose property, specifically an airport hangar. The building's total square footage is 6,400 square feet. This lease opportunity presents a unique chance to secure a well-located and well-equipped hangar at a busy airport with excellent infrastructure and accessibility.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1980
Construction
WOOD FRAME
Total area
42,670 SF
Lot
129 ac (5,619,240 SF)
Zoning code
R1
APN
089 2103 002
UPID
US22-3190887
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
-
Freight Service Logistics Company
-
Vocational School Training Center
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.82M
Comparable Approach
Comparable
$6.52M
Blend (final)
Blend
$5.79M
Owner & transaction history
Zoning & alternative use
R1 · Newnan, GA
Top alternative use upside
Medical building
$9.1M
+140.5%
Auto repair, garage
$7.6M
+101.5%
Commercial (general)
$6.8M
+81.4%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$5.79M
Value range
$5.21M – $6.36M
±10% around blend
Estimated value / SF
$136 / SF
Confidence
Property data
88
Market benchmarks
100
Comparable evidence
60
$5.21M
blend $5.79M
$6.36M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
42,670 SF
Lot area
129 ac
Year built
1980
Stories
1
APN
089 2103 002
Zoning
R1
Assessed value
$1,502,820
3
Income approach: direct capitalization
Partial preview
Income approach indication
$6.82M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$7.39M
@ 6.5% CAP return
$6.82M
@ 7% CAP return
$6.34M
4
Sales comparison
Partial preview
Sales approach indication
$6.52M
Range $1.45M – $6.52M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$5.79M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 23 sales
$88
+54%
Submarket 30 sales
$92
+48%
County 40 sales
$98
+39%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $136/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+140%
vs current-use indication
Auto Repair, Garage
Commercial (general)
Retail Stores
Warehouse, Storage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.50M
Move the market yield to see immediate price impact.
Value / SF
$35
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$95k
$1.89M
$1.35M
$1.05M
$105k
$2.10M
$1.50M
$1.17M
$116k
$2.31M
$1.65M
$1.29M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Assessed value
$1,502,820
Assessed 2024
Previous assessed
$1,198,692
+25.4% YoY
Assessed land
$258,000
Assessed improvement
$1,244,820
Land market value
$645,000
Improvement market value
$3,112,050
Total market value
$3,757,050
Applied tax rate
1.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1980
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
EVAPORATIVE
Stories
1
Total area
42,670 SF
Lot
129 ac (5,619,240 SF)
Zoning code
R1
APN
089 2103 002
UPID
US22-3190887
Jurisdiction
COWETA
Zoning & alternative use
R1 · Newnan, GAZoning R1 · permitted uses
R1 · Newnan, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
1
Lot
129 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R1
Jurisdiction
Newnan, GA
Recorded code
R1
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R1 in Newnan, GA.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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