Property profile

119 Newnan Rd Carrollton, GA 30117

FOR LEASE
Retail space
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Property ID
US22-1446413
734 SF 0.36 ac Built 1940
Last sale Oct 2022
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

This property consists of approximately 2,100 square feet of storefront space located at 119 Newnan Road with road frontage and access along a commercial corridor just off Bankhead Highway toward downtown Carrollton and Adamson Square. The building, constructed in 1940, is situated directly beside a Dollar General and is configured with interior walls that have been repainted. The interior layout is described as adaptable for uses such as retail, office, showroom, studio, or service-oriented operations; however, clothing retail is not permitted at this location.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value$81k
Assessed land$15k
Assessed improvement$65k
Effective rate2.92%

Value estimate

· Nov 2026
$330k
$297k – $363k
NOI build-up
Gross scheduled income$38k
Vacancy & credit loss−$3k
Operating expenses−$10k
NOI$24k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$169/SF
ZIP average, outlier-cleaned · 20 recorded sales of this use type
Observed band · Q1–Q3$96 – $215

Cap rate analysis

How does the asset earn?
$24k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C2
JurisdictionCARROLL

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility10.4
Kitchen & Bath10.0
Electrical Service9.7

Location

119 Newnan Rd Carrollton, GA 30117
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
103 Newnan, Carrollton, GA 30117-3225 $475,000 Apr 2025 2,072 SF
208 Ctr, Carrollton, GA 30117-3341 $215,000 Sep 2024 2,108 SF
201 Park, Carrollton, GA 30117-3030 $900,000 Apr 2024 1,740 SF
743 Bankhead, Carrollton, GA 30117 $685,000 Jan 2024 1,855 SF
101 Park Pl, Carrollton, GA 30117-1960 $140,000 Oct 2023 1,428 SF
2018 Hays Ml, Carrollton, GA 30117-9580 $50,000 Aug 2022 1,800 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Includes: Price & PSF · Cap rate · Location · Zoning

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