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Property profile & analytics
OFF-MARKET
Estimated value
$275,000
Medical Office Space
23 Old Atlanta Hwy Newnan, GA 30263-6341
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1725170
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2000
Construction
WOOD
Total area
6,308 SF
Lot
0.63 ac (27,443 SF)
Zoning code
2
APN
073C 039
UPID
US22-1725170
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
-
NEWNAN DENTISTRY Dental Office
-
Rima B Patel DMD Dental Office
-
Emergency Dentist 24/7 Dental Office
-
The Opal Room Hair Salon
-
Sleep Apnea Therapy Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$605k
Blend (final)
Blend
$275k
Owner & transaction history
Marin Properties LLC · 2 yrs held
Marin Properties LLC
since 2024
4 recorded transactions
Zoning & alternative use
2 · Newnan, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.5M
+11.6%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,340,000
Current use
RESTAURANT
$1,495,000
Change: +12% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,120,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$275k
Range $248k – $303k · ±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
$44 / 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
$8,041
Tax year 2023
Assessed value
$351,890
Assessed 2023
Previous assessed
$351,890
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$36,400
Assessed improvement
$315,490
Land market value
$91,000
Improvement market value
$788,726
Total market value
$879,726
Applied tax rate
8.0000
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
2000
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
6,308 SF
Lot
0.63 ac (27,443 SF)
Zoning code
2
APN
073C 039
UPID
US22-1725170
Jurisdiction
COWETA
Zoning & alternative use
2 · Newnan, GAZoning 2 · permitted uses
2 · Newnan, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.3M
RESTAURANT
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.63 ac
Current owner
From public records · entity-resolved
Marin Properties LLC
Entity
Mailing address
116 VININGS TRCE, NEWNAN, GA 30265-4161
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
May 7, 2024
—
Marin Properties LLC
—
Deed
related
$241,836 · Pinnacle Bank
Feb 15, 2022
—
Marin Properties LLC
—
Deed
related
$499,500 · Pinnacle Bank
—
—
Marin Properties LLC
—
Deed Of Trust
related
$649,690 · Bank Of North Ga
—
—
Marin Properties LLC
—
Deed Of Trust
related
$913,750 · Bank Of America
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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