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Property profile & analytics
OFF-MARKET
Estimated value
$4,775,000
Strip malls
19 Millard Farmer Ind Blvd Newnan, GA 30263-6782
Entity Owned
4-yr Hold
Free & Clear
Property ID
US22-1057908
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1987
Construction
STEEL FRAME
Total area
60,000 SF
Lot
7.57 ac (329,749 SF)
Zoning code
C2
APN
N57A 065
UPID
US22-1057908
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
$4.78M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.78M
Owner & transaction history
Hrp Newnan LLC · 4 yrs held
Hrp Newnan LLC
since 2022
Last sale
$4.9M
7 recorded transactions
Zoning & alternative use
C2 · Newnan, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.1M
+250.9%
Commercial (general)
$6.1M
+204.1%
Auto repair, garage
$5.7M
+181.3%
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
$4,515,000
ML approach
$4,780,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$7,055,000
Change: +251% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,110,000
Change: +204% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,655,000
Change: +181% · Conversion: Difficult
MEDICAL BUILDING
$5,595,000
Change: +178% · Conversion: Difficult
RETAIL STORES
$4,395,000
Change: +119% · Conversion: Easy
WAREHOUSE, STORAGE
$3,535,000
Change: +76% · Conversion: Difficult
Blend value · Realmo final
$4.78M
Range $4.30M – $5.25M · ±10% · vs last sale $4.90M (Apr 26 2022)
Last sale anchor
$4.90M
Apr 26 2022
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
$80 / 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
$38,013
Tax year 2023
Assessed value
$1,957,140
Assessed 2023
Previous assessed
$1,957,140
+0.0% YoY
Effective rate
1.94%
On assessed value
Assessed land
$317,940
Assessed improvement
$1,639,200
Land market value
$794,850
Improvement market value
$4,097,999
Total market value
$4,892,849
Applied tax rate
2.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1987
Construction
STEEL FRAME
Heating
SPACE
Buildings
2
Stories
1
Total area
60,000 SF
Lot
7.57 ac (329,749 SF)
Zoning code
C2
APN
N57A 065
UPID
US22-1057908
Jurisdiction
COWETA
Zoning & alternative use
C2 · Newnan, GA
Zoning C2 · permitted uses
C2 · 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
$7.1M
COMMERCIAL (GENERAL)
Est. value
$6.1M
AUTO REPAIR, GARAGE
Est. value
$5.7M
MEDICAL BUILDING
Est. value
$5.6M
RETAIL STORES
Est. value
$4.4M
WAREHOUSE, STORAGE
Est. value
$3.5M
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1987
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
2
Lot
7.57 ac
Current owner
From public records · entity-resolved
Hrp Newnan LLC
Entity
Free & Clear · 4 yrs held
Mailing address
3 KEEL ST STE #2, WRIGHTSVILLE BEACH, NC 28480-1709
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2025
—
Hrp Newnan LLC
—
Deed
related
$160,000 · Cibc Bank USA
Apr 26, 2022
$4,900,000
Hrp Newnan LLC
Orf1 Millard Shops LLC
Limited Warranty Deed
—
Feb 5, 2019
$3,950,000
Orfi Millard Shops LLC
Newnan Mcre LLP
Grant Deed
$2,765,000 · Other Institutional Lenders
Feb 5, 2019
—
Orf1 Millard Shops LLC
Newnan Mcre LP
Quit Claim Deed
related
$2,765,000 · Other Institutional Lenders
Jun 12, 2013
$2,085,281
Equity Rsrc Partners-spp LLC
D M Neal LLC
Trustees Deed
related
—
Mar 9, 2012
—
Neal Property Holdings LLC
Dm Neal LLC
Quit Claim Deed
related
—
—
—
D M Neal LLC
—
Deed Of Trust
related
$702,000 · Bank Of Ga
—
—
Dv Neal LLC
—
Deed Of Trust
related
$4,025,000 · Regions Bank
—
—
D M Neal LLC
—
Deed Of Trust
related
$200,400 · 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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