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Property profile & analytics
OFF-MARKET
Estimated value
$15,655,000
Medical Office Space
1755 Hwy 34th E, Newnan, GA 30265-5631
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US22-1168118
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2001
Construction
CONCRETE
Total area
63,876 SF
Lot
9.58 ac (417,305 SF)
Zoning code
ND
APN
W03 395
UPID
US22-1168118
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
$10.45M
CAP Approach
CAP
$14.25M
Comparable Approach
Comparable
$10.07M
Blend (final)
Blend
$15.66M
Owner & transaction history
Newman 1755 Rik Mp LLC · 4 yrs held
Newman 1755 Rik Mp LLC
since 2021
Last sale
$19.4M
4 recorded transactions
Zoning & alternative use
ND · Newnan, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$15.1M
+11.6%
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
$20,445,000
ML approach
$10,445,000
CAP Approach
CAP Return
Estimation
6%
$15,435,000
6.5%
$14,250,000
7%
$13,230,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$13,550,000
Current use
RESTAURANT
$15,120,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,990,000
Change: -4% · Conversion: Easy
AUTO REPAIR, GARAGE
$11,355,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$15.66M
Range $14.09M – $17.22M · ±10% · vs last sale $19.35M (Aug 13 2021)
Last sale anchor
$19.35M
Aug 13 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
$245 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$85,967
Tax year 2023
Assessed value
$3,703,237
Assessed 2023
Previous assessed
$3,703,237
+0.0% YoY
Effective rate
2.32%
On assessed value
Assessed land
$306,560
Assessed improvement
$3,396,677
Land market value
$766,400
Improvement market value
$8,491,693
Total market value
$9,258,093
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2001
Construction
CONCRETE
Heating
CENTRAL
Stories
1
Total area
63,876 SF
Lot
9.58 ac (417,305 SF)
Zoning code
ND
APN
W03 395
UPID
US22-1168118
Jurisdiction
COWETA
Zoning & alternative use
ND · Newnan, GA
Zoning ND · permitted uses
ND · 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
MEDICAL BUILDING Current
Est. value
$13.6M
RESTAURANT
Est. value
$15.1M
COMMERCIAL (GENERAL)
Est. value
$13.0M
AUTO REPAIR, GARAGE
Est. value
$11.4M
MEDICAL BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2001
Construction
CONCRETE
Heating
CENTRAL
Stories
1
Lot
9.58 ac
Current owner
From public records · entity-resolved
Newman 1755 Rik Mp LLC
Entity
Mailing address
800 W MADISON ST STE #400, CHICAGO, IL 60607-2481
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2021
$19,351,128
Newman 1755 Rik Mp LLC
Newnan 1755 Medical Properties LLC
Limited Warranty Deed
$298,000,000 · Capital One
Jul 13, 2018
$28,600,000
Newnan 1755 Medical Prop LLC
Ziegler-georgia 21 LLC
Grant Deed
—
Jul 3, 2008
$26,000,000
Ziegler Georgia 21 LLC
Coweta,summit Associates L
Grant Deed
—
—
—
Ziegler-georgia 21 LLC
—
Deed Of Trust
related
$74,999,900 · Regions Bank
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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