Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    229 Jackson St Newnan, GA 30263-1156

    • Turn key restaurants
    • 4,791 SF
    • 0.99 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1479200
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Sprayberry's Barbecue / Restaurant

    Property Details for 229 Jackson St

    Year built
    1926
    Construction
    WOOD
    Lot size
    0.99 lot acres
    Property size
    4,791 SF
    Zone code
    C2
    Property type
    Turn key restaurants
    APN
    N61 0004 008
    APU
    N610004008

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Newnan
    County
    Coweta
    State
    Georgia
    Longitude
    -84.8
    Latitude
    33.3932
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,973
    $54,642
    $67,549
    $122,191
    -
    $136,605
    $168,873
    $305,478

    Comparable in this City

    • Value Estimation by Request
      1,634 SF

      229 Temple Ave

      RESTAURANT • 1,634 SF
      229 Temple Ave, Newnan, GA 30263-1328
      View Details
    • Value Estimation by Request
      2,821 SF

      11 Jefferson St

      RESTAURANT • 2,821 SF
      11 Jefferson St, Newnan, GA 30263-1911
      View Details
    • Value Estimation by Request
      1,400 SF

      21 Bullsboro Dr

      RESTAURANT • 1,400 SF
      21 Bullsboro Dr, Newnan, GA 30263-1412
      View Details
    • Value Estimation by Request
      4,504 SF

      67 Bullsboro Dr

      RESTAURANT • 4,504 SF
      67 Bullsboro Dr, Newnan, GA 30263-1460
      View Details
    • Value Estimation by Request
      3,858 SF

      89 Temple Ave

      RESTAURANT • 3,858 SF
      89 Temple Ave, Newnan, GA 30263-2063
      View Details
    • Value Estimation by Request
      960 SF

      6 Lee St

      RESTAURANT • 960 SF
      6 Lee St, Newnan, GA 30263-1915
      View Details

    Similar Nearby for Sale

    • $2,350,000
      5.93 Acres

      Pad-Ready Land in Newnan, GA

      5.93 acre commercial site approved for retail, medical, restaurant.
      5.93 Commercial Newnan Xing Byp, Newnan, GA 30263
      View Details
    • $1,400,000
      3,432 SF

      Restaurant Property with Established Business

      Turnkey restaurant with real estate, FF&E, and ongoing business.
      91 Millard Farmer Industrial Blvd, Newnan, GA 30263
      View Details
    • Contact for pricing
      1,050 SF

      Newnan Airport Hangar For Sale

      Modern T-Hangar, 1050 sq ft, Georgia
      55 Nation Dr, Moreland, GA 30263
      View Details
    • $475,000
      800 SF

      Historic Building in Downtown Newnan

      Charming 1900s building near Newnan's Square, versatile and open.
      15 E Broad St, Newnan, GA 30263
      View Details
    • $3,000,000
      23,994 SF

      Historic Coca-Cola Building in Newnan

      Three buildings with ample parking in downtown Newnan, Georgia.
      167 Greenville St, Newnan, GA 30263
      View Details
    • $1,100,000
      4.12 Acres

      Newnan Townhome Development Site

      Prime 4.12-acre lot, 11-unit potential
      51 Pope St, Newnan, GA 30263
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      146,121 SF

      Newnan Executive Office Space

      Prime Newnan Office, Retail & Restaurant Space
      228 Bullsboro Dr, Newnan, GA 30263
      View Details
    • $2,333 /Mo
      54,000 SF

      Newnan Retail or Office Space

      Retail or office space in bustling Westside Plaza.
      273 Temple Ave, Newnan, GA 30263
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space in Newnan, GA

      Retail space in a prominent retail district with high visibility.
      1111 Bullsboro Dr, Newnan, GA 30263
      View Details
    • Contact for pricing

      Kroger Anchored Shopping Center Space

      Recently renovated shopping center anchored by Kroger and Ollie's.
      50 Bullsboro Dr, Newnan, GA 30263
      View Details
    • $12 SF/Yr
      4,700 SF

      Newnan Event Space For Lease

      4700 sq ft Retail Space, Ideal for Events
      55 Mayo Royal Industrial Dr, Newnan, GA 30263
      View Details
    • $2,900 /Mo
      11,618 SF

      Newnan Office Space For Lease

      Professional office space available in Newnan, Georgia.
      145 Millard Farmer Industrial Blvd, Newnan, GA 30263
      View Details

    Property Visit Statistics

    • Visits by month
      0
    • Visitors by month
      6.3k
    • Avg Time on site
      8 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    229 Jackson St
    Newnan, GA 30263-1156
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!