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Property profile & analytics
OFF-MARKET
Manufacturing properties
165 Elzie Johnson Rd Newnan, GA 30265-1418
Entity Owned
Absentee Owner
Free & Clear
Property ID
US22-2328920
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2022
Total area
49,920 SF
Lot
6.4 ac (278,784 SF)
Zoning code
R1
APN
119 6043 011
UPID
US22-2328920
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Elzie Johnson Newnan LLC
Elzie Johnson Newnan LLC
since 2025
Last sale
$9.8M
7 recorded transactions
Zoning & alternative use
R1 · Newnan, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$51,161
Tax year 2024
Assessed value
$2,205,886
Assessed 2024
Previous assessed
$1,769,695
+24.6% YoY
Effective rate
2.32%
On assessed value
Assessed land
$154,880
Assessed improvement
$2,051,006
Land market value
$387,200
Improvement market value
$5,127,514
Total market value
$5,514,714
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2022
Heating
NONE
Buildings
2
Total area
49,920 SF
Lot
6.4 ac (278,784 SF)
Zoning code
R1
APN
119 6043 011
UPID
US22-2328920
Jurisdiction
COWETA
Zoning & alternative use
R1 · Newnan, GA
Zoning R1 · permitted uses
R1 · 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.
Building & site characteristics
From public records
Year built
2022
Heating
NONE
Buildings
2
Lot
6.4 ac
Current owner
From public records · entity-resolved
Elzie Johnson Newnan LLC
Entity
Free & Clear · 0 yrs held
Mailing address
201 PROSPECT PARKA, PEACHTREE CITY, GA 30269-1923
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Oct 22, 2025
—
Elzie Johnson Newnan LLC
Elzie Newnan LLC
Quitclaim Deed
related
—
Oct 22, 2025
$9,750,000
Elzie Johnson Newnan LLC
Elzie Newnan LLC
Deed
$5,850,000 · Us Bank
Jun 23, 2021
$399,938
Elzie Newnan LLC
Rosalind M Harper
Limited Warranty Deed
—
Sep 12, 2019
$333,600
Newnan Lock Storage LLC
Adrian Eastpointe Center LLC
Warranty Deed
—
May 14, 2018
—
Adrian Eastpointe Center LLC
Harper,rosalind M
Quit Claim Deed
related
—
May 14, 2018
$333,600
Adrian Eastpointe Center LLC
Harper,rosalind M
Warranty Deed
—
Mar 30, 2011
$108,000
Rosalind M Harper
Wallace,gary M
Trustees Deed
—
Mar 1, 2011
$361,900
Steven L Hale
Wallace,gary M
Quit Claim Deed
related
—
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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