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Property profile & analytics
FOR SALE
Assisted living facilities
22 Madras Pkwy, Newnan, GA 30263
Entity Owned
8-yr Hold
Free & Clear
Property ID
US22-1023623
For Sale
1 / 28
$1,950,000
22 Madras Pkwy, Newnan, GA 30263
View Listing →
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2009
Construction
WOOD
Total area
8,872 SF
Lot
2.68 ac (116,741 SF)
Zoning code
R1
APN
084 5140 007A
UPID
US22-1023623
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
Nwe18 LLC · 8 yrs held
Nwe18 LLC
since 2018
7 recorded transactions
Zoning & alternative use
R1 · 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
$9,516
Tax year 2023
Assessed value
$409,919
Assessed 2023
Previous assessed
$409,919
+0.0% YoY
Effective rate
2.32%
On assessed value
Assessed land
$24,120
Assessed improvement
$385,799
Land market value
$60,300
Improvement market value
$964,497
Total market value
$1,024,797
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
For Sale
Year built
2009
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
8,872 SF
Lot
2.68 ac (116,741 SF)
Zoning code
R1
APN
084 5140 007A
UPID
US22-1023623
Jurisdiction
COWETA
Zoning & alternative use
R1 · Newnan, GA
Zoning R1 · permitted uses
R1 · 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
2009
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
2.68 ac
Current owner
From public records · entity-resolved
Nwe18 LLC
Entity
Free & Clear · 8 yrs held
Mailing address
2250 NW FLANDERS ST STE GARDEN, PORTLAND, OR 97210-3443
Ownership since
2018
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
Mar 9, 2018
$1,550,000
Nwe18 LLC
Doctors Hospice Of Henry LLC
Trustees Deed
—
Dec 31, 2015
$266,300
Heritage School INC
Doctors Hospice Of Henry LLC
Grant Deed
—
Mar 17, 2011
—
Heritage School INC
Coweta County Georgia
Grant Deed
related
—
Feb 12, 2009
—
Georgia Department Of Transpor
Doctors Hospice Of Henry L
Grant Deed
related
—
Jun 6, 2008
—
Doctors Hospice Of Henry LLC
Atlanta,healthcare Propert
Grant Deed
related
—
—
—
Doctors Hospice Of Henry LLC
—
Loan Modification
related
$2,988,054 · Bank Of North Ga
—
—
Doctors Hospice Of Henry LLC
—
Loan Modification
related
$3,011,004 · Bank Of North Ga
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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