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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Automotive properties
2 Herring Rd Newnan, GA 30265-1006
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US22-1097245
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1985
Construction
WOOD FRAME
Total area
11,400 SF
Lot
10 ac (435,600 SF)
Zoning code
M
APN
085 5076 004
UPID
US22-1097245
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
Current use
Occupant on record · Public records
-
Toyota of Newnan Service Center Auto Repair Shop
-
Toyota of Newnan Parts Store Auto Repair Shop
-
Toyota of Newnan Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$991k
Blend (final)
Blend
$750k
Owner & transaction history
Herring Road LLC · 21 yrs held
Herring Road LLC
since 2004
7 recorded transactions
Zoning & alternative use
M · 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
Method
Estimation
Statistic approach
by Request
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$750k
Range $675k – $825k · ±10%
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
$66 / 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
$38,488
Tax year 2023
Assessed value
$1,562,402
Assessed 2023
Previous assessed
$1,562,402
+0.0% YoY
Effective rate
2.46%
On assessed value
Assessed land
$1,149,984
Assessed improvement
$412,418
Land market value
$2,874,960
Improvement market value
$1,031,046
Total market value
$3,906,006
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1985
Construction
WOOD FRAME
Heating
CENTRAL
Buildings
3
Stories
2
Total area
11,400 SF
Lot
10 ac (435,600 SF)
Zoning code
M
APN
085 5076 004
UPID
US22-1097245
Jurisdiction
COWETA
Zoning & alternative use
M · Newnan, GAZoning M · permitted uses
M · Newnan, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1985
Construction
WOOD FRAME
Heating
CENTRAL
Stories
2
Buildings
3
Lot
10 ac
Current owner
From public records · entity-resolved
Herring Road LLC
Entity
Mailing address
2 HERRING RD, NEWNAN, GA 30265-1006
Ownership since
2004
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
Dec 3, 2019
—
Herring Road LLC
—
Deed
related
$11,600 · Keybank USA
Nov 11, 2004
$3,675,000
Herring Road LLC
Mills Chapel Baptist Church INC
Warranty Deed
$3,675,000 · World Omni Fin'l
—
—
Herring Road LLC
—
Deed Of Trust
related
$8,249,802 · World Omni Financial Corp
—
—
Herring Road LLC
—
Loan Modification
related
$6,830,864 · World Omni Fin'l
—
—
Herring Road LLC
—
Deed Of Trust
related
$9,000,000 · World Omni Financial Corp
—
—
Herring Road LLC
—
Deed Of Trust
related
$11,600 · Keybank USA
—
—
Herring Road LLC
—
Deed Of Trust
related
$9,500,000 · World Omni Financial Corp
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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