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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Turn key restaurants
22 Ct Sq Newnan, GA 30263-2067
Individually Owned
6-yr Hold
Free & Clear
Property ID
US22-1104195
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,000 SF
Lot
0.11 ac (4,792 SF)
Zoning code
C1
APN
N01 0004 004
UPID
US22-1104195
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
-
Stephanie Smith Loan Service Bank
-
Amac Logistics LLC Trucking Company
-
Ace Beer Growlers (Bike/Boat/Book/etc) Store Bar & Pub
-
Fairway Independent Mortgage Corporation Loan Service Bank
-
Skin B Edge | Fairway Independent Mortgage Corporation Loan Officer Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$885k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$664k
Blend (final)
Blend
$920k
Owner & transaction history
Joseph M Davis · 6 yrs held
Joseph M Davis
since 2020
Last sale
$956,000
4 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
Method
Estimation
Statistic approach
$735,000
ML approach
$885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±10% · vs last sale $956k (Mar 24 2020)
Last sale anchor
$956k
Mar 24 2020
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
$102 / 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
$8,205
Tax year 2023
Assessed value
$337,223
Assessed 2023
Previous assessed
$337,223
+0.0% YoY
Effective rate
2.43%
On assessed value
Assessed land
$20,000
Assessed improvement
$317,223
Land market value
$50,000
Improvement market value
$793,058
Total market value
$843,058
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Stories
2
Total area
9,000 SF
Lot
0.11 ac (4,792 SF)
Zoning code
C1
APN
N01 0004 004
UPID
US22-1104195
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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Stories
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
Joseph M Davis
Individual
Free & Clear · 6 yrs held
Mailing address
PO BOX 11568, ATLANTA, GA 30355-1568
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Mar 24, 2020
—
Joseph M Davis
Avondale Newnan Square LLC
Quit Claim Deed
related
—
Mar 24, 2020
$956,000
Joseph M Davis
Avondale Newnan Square LLC
Grant Deed
—
Oct 18, 2004
$490,000
Avondale Newnan Square LLC
Brooks,patricia A
Grant Deed
$485,000 · Bank Of Coweta
—
—
Avondale Newnan Square LLC
—
Deed Of Trust
related
$615,973 · Indymac Commercial Lending
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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