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Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Warehouses
1180 Hwy 29th S Newnan, GA 30263-5259
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-4077306
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1979
Construction
STEEL FRAME
Total area
6,000 SF
Lot
4.94 ac (215,186 SF)
Zoning code
C
APN
088 2058 003
UPID
US22-4077306
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Parker Services General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$940k
CAP Approach
CAP
$960k
Comparable Approach
Comparable
$917k
Blend (final)
Blend
$950k
Owner & transaction history
Cornerstone Properties And Real Est · 4 yrs held
Cornerstone Properties And Real Est
since 2021
Last sale
$950,000
7 recorded transactions
Zoning & alternative use
C · Newnan, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+168.4%
Medical building
$1.3M
+140.5%
Auto repair, garage
$1.1M
+101.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Newnan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newnan submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,005,000
ML approach
$940,000
CAP Approach
CAP Return
Estimation
6%
$1,040,000
6.5%
$960,000
7%
$890,000
Alternative Use
Use
Estimation
RESTAURANT
$1,420,000
Change: +168% · Conversion: Difficult
MEDICAL BUILDING
$1,275,000
Change: +140% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,065,000
Change: +101% · Conversion: Easy
COMMERCIAL (GENERAL)
$960,000
Change: +81% · Conversion: Difficult
RETAIL STORES
$710,000
Change: +34% · Conversion: Moderate
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±10% · vs last sale $950k (Dec 20 2021)
Last sale anchor
$950k
Dec 20 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$158 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$7,190
Tax year 2024
Assessed value
$309,992
Assessed 2024
Previous assessed
$312,392
-0.8% YoY
Effective rate
2.32%
On assessed value
Assessed land
$148,200
Assessed improvement
$161,792
Land market value
$370,500
Improvement market value
$404,481
Total market value
$774,981
Applied tax rate
1.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1979
Construction
STEEL FRAME
Heating
NONE
Buildings
3
Stories
1
Total area
6,000 SF
Lot
4.94 ac (215,186 SF)
Zoning code
C
APN
088 2058 003
UPID
US22-4077306
Jurisdiction
COWETA
Zoning & alternative use
C · Newnan, GA
Zoning C · permitted uses
C · Newnan, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newnan. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$960,000
RETAIL STORES
Est. value
$710,000
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
3
Lot
4.94 ac
Current owner
From public records · entity-resolved
Cornerstone Properties And Real Est
Entity
Mailing address
131 ROY RD, SHARPSBURG, GA 30277-2583
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2021
$950,000
Cornerstone Properties And Real Est
Johnso LLC
Limited Warranty Deed
$760,000 · Southern States Bank
Jan 29, 2018
—
Johnso LLC
—
Deed
related
$300,000 · Branch Bk&tr
Aug 31, 2016
$125,000
Johnso LLC
Southern Spiral Pipe INC
Quit Claim Deed
related
—
May 11, 2016
—
Southern Spiral Pipe INC
—
Deed
related
$100,000 · Branch Bk&tr
Jan 20, 2016
$125,000
Southern Spiral Pipe INC
Jodaco INC
Warranty Deed
—
Oct 3, 2006
$399,000
Jodaco INC
Calhoun,herschell
Grant Deed
—
—
—
Southern Spiral Pipe INC
—
Deed Of Trust
related
$100,000 · Branch Bk&tr
—
—
Johnso LLC
—
Deed Of Trust
related
$300,000 · Branch Bk&tr
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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