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Property profile & analytics
OFF-MARKET
Estimated value
$58,615,000
Distribution centers
190 Bridgewater Ln Newnan, GA 30265
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-0886803
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2021
Total area
562,800 SF
Lot
34.39 ac (1,498,028 SF)
Zoning code
R1
APN
077 2089 011
UPID
US22-0886803
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
$63.56M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$58.62M
Owner & transaction history
Bel Bridgeport LLC · 4 yrs held
Bel Bridgeport LLC
since 2022
Last sale
$58.5M
4 recorded transactions
Zoning & alternative use
R1 · Newnan, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$74.7M
+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
$53,905,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$68,855,000
6.5%
$63,560,000
7%
$59,020,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$51,645,000
Current use
RETAIL STORES
$74,735,000
Change: +45% · Conversion: Moderate
Blend value · Realmo final
$58.62M
Range $52.75M – $64.48M · ±10% · vs last sale $58.50M (Feb 18 2022)
Last sale anchor
$58.50M
Feb 18 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
$104 / 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
$535,545
Tax year 2024
Assessed value
$23,090,800
Assessed 2024
Previous assessed
$23,090,800
+0.0% YoY
Effective rate
2.32%
On assessed value
Assessed land
$842,282
Assessed improvement
$22,248,518
Land market value
$2,105,705
Improvement market value
$55,621,295
Total market value
$57,727,000
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
2021
Total area
562,800 SF
Lot
34.39 ac (1,498,028 SF)
Zoning code
R1
APN
077 2089 011
UPID
US22-0886803
Jurisdiction
COWETA
Zoning & alternative use
R1 · Newnan, GAZoning R1 · permitted uses
R1 · Newnan, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$51.6M
RETAIL STORES
Est. value
$74.7M
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
2021
Lot
34.39 ac
Current owner
From public records · entity-resolved
Bel Bridgeport LLC
Entity
Mailing address
2 INTERNATIONAL PL, BOSTON, MA 02110-4142
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2022
$58,500,000
Bel Bridgeport LLC
Bridgeport Lot A LLC
Limited Warranty Deed
$29,300,000 · John Hancock Life Insurance USA
Dec 10, 2020
$2,120,525
Bridgeport Lot A LLC
P LP
Grant Deed
related
—
Jul 24, 2020
$73,200
P & L Bridgeport Land LP
Bridgeport Lot B LLC
Grant Deed
related
—
—
—
Bridgeport Lot B LLC
—
Loan Modification
related
$265,650 · Capital One Nat'l Assn
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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