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Property profile & analytics
OFF-MARKET
Estimated value
$37,050,000
Distribution centers
185 Coweta Industrial Pkwy Newnan, GA 30265-2320
Entity Owned
Free & Clear
Property ID
US22-0869894
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2008
Construction
CONCRETE
Total area
457,922 SF
Lot
45.16 ac (1,967,170 SF)
Zoning code
R1
APN
108 6010 012
UPID
US22-0869894
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
$37.05M
CAP Approach
CAP
$51.72M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$37.05M
Owner & transaction history
185 COWETA OWNER LLC · 2 yrs held
185 COWETA OWNER LLC
since 2024
Last sale
$37.1M
1 recorded transaction
Zoning & alternative use
R1 · Newnan, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$60.8M
+44.7%
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
$37,050,000
ML approach
$37,050,000
CAP Approach
CAP Return
Estimation
6%
$56,025,000
6.5%
$51,715,000
7%
$48,020,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$42,020,000
Current use
RETAIL STORES
$60,805,000
Change: +45% · Conversion: Moderate
Blend value · Realmo final
$37.05M
Range $33.35M – $40.76M · ±10% · vs last sale $37.05M (Jun 14 2024)
Last sale anchor
$37.05M
Jun 14 2024
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
$81 / 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
$238,545
Tax year 2024
Assessed value
$10,275,915
Assessed 2024
Previous assessed
$10,275,915
+0.0% YoY
Effective rate
2.32%
On assessed value
Assessed land
$1,022,720
Assessed improvement
$9,253,195
Land market value
$2,556,800
Improvement market value
$23,132,988
Total market value
$25,689,788
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2008
Construction
CONCRETE
Heating
SPACE
Stories
1
Total area
457,922 SF
Lot
45.16 ac (1,967,170 SF)
Zoning code
R1
APN
108 6010 012
UPID
US22-0869894
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$42.0M
RETAIL STORES
Est. value
$60.8M
WAREHOUSE, STORAGE Current
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
2008
Construction
CONCRETE
Heating
SPACE
Stories
1
Lot
45.16 ac
Current owner
From public records · entity-resolved
185 COWETA OWNER LLC
Entity
Free & Clear · 2 yrs held
Mailing address
185 COWETA INDUSTRIAL PKWY, NEWNAN, GA 30265-2320
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2024
$37,050,000
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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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