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Property profile & analytics
OFF-MARKET
Medical Office Space
2 Farmer Commercial Park Dr, Newnan, GA 30263-2796
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US22-2937189
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2022
Total area
7,966 SF
Lot
8.48 ac (369,389 SF)
Zoning code
C1
APN
N57A 106
UPID
US22-2937189
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
Live Oak Healthcare Properties Newn · 4 yrs held
Live Oak Healthcare Properties Newn
since 2021
Last sale
$215,000
7 recorded transactions
Zoning & alternative use
C1 · 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 2023Property tax & assessments
Tax year 2023
Tax billed
$16,741
Tax year 2023
Assessed value
$732,632
Assessed 2023
Previous assessed
$732,632
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$80,360
Assessed improvement
$652,272
Land market value
$200,900
Improvement market value
$1,630,681
Total market value
$1,831,581
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2022
Heating
NONE
Total area
7,966 SF
Lot
8.48 ac (369,389 SF)
Zoning code
C1
APN
N57A 106
UPID
US22-2937189
Jurisdiction
COWETA
Zoning & alternative use
C1 · Newnan, GA
Zoning C1 · permitted uses
C1 · 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
Lot
8.48 ac
Current owner
From public records · entity-resolved
Live Oak Healthcare Properties Newn
Entity
Mailing address
2 FARMER COMMERCIAL PARK DR, NEWNAN, GA 30263-2796
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2021
—
Live Oak Healthcare Properties Newn
Live Oak Healthcare Properties LLC
Quit Claim Deed
related
$1,850,000 · Truist Bank
Aug 21, 2018
$215,000
Live Oak Healthcare Prop LLC
Crain,elizabeth F
Grant Deed
$127,500 · Synovus Bk
Feb 18, 2014
—
City Of Newnan Georgia
Crain,elizabeth F
Warranty Deed
related
—
Nov 21, 2012
$500,000
Elizabeth F Crain
Jim Parker Props Georgia LLC
Warranty Deed
$305,214 · United Community Bank
Jul 16, 2009
—
Water Sewerage Newnan
Department Of Transportati
Grant Deed
related
—
Mar 26, 2008
—
Department Of Transportation
Jim Parker Properties Geor
Grant Deed
related
—
—
—
Crain,elizabeth F
—
Loan Modification
related
$303,815 · United Cmnty Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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