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Property profile & analytics
OFF-MARKET
Estimated value
$2,900,000
Assisted living facilities
27 Belk Rd, Newnan, GA 30263-1700
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US22-1328501
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1989
Construction
WOOD
Total area
21,848 SF
Lot
7.31 ac (318,424 SF)
Zoning code
PS
APN
N41 0002 006
UPID
US22-1328501
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
-
The Haven at Newnan || Assisted Living and Memory Care Community Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.90M
Owner & transaction history
Newnan Propco LLC · 2 yrs held
Newnan Propco LLC
since 2024
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
PS · 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
$2,900,000
ML approach
$2,900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,570,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,225,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,060,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$2,035,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$2.90M
Range $2.61M – $3.19M · ±10% · vs last sale $2.90M (Apr 3 2024)
Last sale anchor
$2.90M
Apr 3 2024
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
$133 / 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
$18,376
Tax year 2023
Assessed value
$946,094
Assessed 2023
Previous assessed
$946,094
+0.0% YoY
Effective rate
1.94%
On assessed value
Assessed land
$116,960
Assessed improvement
$829,134
Land market value
$292,400
Improvement market value
$2,072,835
Total market value
$2,365,235
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1989
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
21,848 SF
Lot
7.31 ac (318,424 SF)
Zoning code
PS
APN
N41 0002 006
UPID
US22-1328501
Jurisdiction
COWETA
Zoning & alternative use
PS · Newnan, GA
Zoning PS · permitted uses
PS · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$2.0M
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1989
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
7.31 ac
Current owner
From public records · entity-resolved
Newnan Propco LLC
Entity
Mailing address
27 BELK RD, NEWNAN, GA 30263-1700
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2024
$2,900,000
Newnan Propco LLC
Medholdings Of Newnan LLC
Warranty Deed
$350,000 · Cruz Milton
Mar 19, 2018
—
Medholdings Of Newnan LLC
—
Deed
related
$2,700,000 · United Cmnty Bk
Dec 8, 2005
$3,200,000
Medholdings Of Newnan LLC
National Assistance Bureau INC
Grant Deed
$2,080,000 · Banco Popular NA/fl
—
—
Medholdings Of Newnan LLC
—
Loan Modification
related
$3,051,445 · Banco Popular NA
—
—
Medholdings Of Newnan LLC
—
Loan Modification
related
$3,051,445 · Banco Popular NA
—
—
Medholdings Of Newnan LLC
—
Deed Of Trust
related
$2,700,000 · United Cmnty Bk
—
—
Medholdings Of Newnan LLC
—
Deed Of Trust
related
$2,080,000 · Banco Popular NA
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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