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    2700 Hwy 34th E Newnan, GA 30265-2315
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    Property profile & analytics

    2700 Hwy 34th E, Newnan, GA 30265-2315

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    • Medical Office Space
    • 5,040 SF
    • 0.55 lot acres
    Off-Market
    Property ID
    US22-1663410
    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.
    Value Estimations
    $560,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Medical Office Space

    Property Details for 2700 Hwy 34th E

    Year built
    1995
    Construction
    WOOD
    Lot size
    0.55 lot acres
    Zone code
    1
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    109 6027 081
    APU
    1096027081

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 1, 2025 — Mmac Pix2 Atlanta Eye Spe LLC — Deed · related $125M · Capital 1agent
    Jun 10, 2024 — Mmac Pix2 Atlanta Eye Spe LLC Aew Partners Real Estate Fund 9 LP Quitclaim Deed · related —
    May 29, 2024 — Mmacpix2 Atlanta Eye Spe LLC — Deed · related $75M · Capital Oneagent
    Nov 30, 2023 $1,550,000 Mmac Pix2 Atlanta Eye Spe LLC Teg Newnan LLC Warranty Deed $2M · Aew Partners Real Estate Fund 9
    Apr 16, 2020 — 2700 Highway 34 Holdings LLC — Deed · related $416k · First Citizens Bk
    Dec 26, 2018 — 2700 Highway 34 Holdings LLC — Deed · related $408k · Private Bk/buckhead
    Aug 1, 2018 $510,000 2700 Highway 34 Holdings LLC Group 3 Investments LLC Grant Deed · related —
    Aug 1, 2018 — 2700 Highway 34 Holdings LLC Group 3 Investments LLC Quitclaim Deed · related —
    Feb 27, 2018 $350,000 Group 3 Investments LLC Highway 34 East LLC Warranty Deed $280k · Charterbank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $638,000
      Market price range: $542k - $1.55M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $895,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Newnan
    County
    Coweta
    State
    Georgia
    Longitude
    -84.6939
    Latitude
    33.4088
    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
    $5,452
    $28,958
    $205,907
    $234,865
    -
    $72,396
    $514,767
    $587,163

    Comparable in this City

    • Value Estimation
      $14,040,000
      99,789 SF

      775 Poplar Rd

      MEDICAL BUILDING
      775 Poplar Rd, Newnan, GA 30265-8300
      View Details
    • Value Estimation
      $6,790,000
      42,672 SF

      2401 Newnan Xing E Blvd

      MEDICAL BUILDING
      2401 Newnan Xing E Blvd, Newnan, GA 30265-2408
      View Details
    • Value Estimation
      $17,165,000
      113,618 SF

      795 Poplar Rd

      MEDICAL BUILDING
      795 Poplar Rd, Newnan, GA 30265-2582
      View Details
    • Value Estimation by Request
      3,803 SF

      15 Ruth Dr

      MEDICAL BUILDING
      15 Ruth Dr, Newnan, GA 30265-2317
      View Details
    • Value Estimation
      $575,000
      5,110 SF

      2700 Hwy 34th E

      MEDICAL BUILDING
      2700 Hwy 34th E, Newnan, GA 30265-2315
      View Details
    • Value Estimation
      $680,000
      5,368 SF

      15 Baynard Park

      MEDICAL BUILDING
      15 Baynard Park, Newnan, GA 30265-6413
      View Details

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      Generous 1.286 acre basement lot in a desirable location.
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      4.32 Acres Near I-85

      4.32 acres of land, close to I-85.
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      41.5-acre development site ideal for commercial development.
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    Similar Nearby for Lease

    • $2,500 /Mo
      1,520 SF

      Newnan Commercial Space For Rent

      Commercial space available immediately, perfect for professional or medical services.
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      View Details
    • Contact for pricing

      Modern Office/Medical/Retail Space Available

      New modern building with flexible space for office, medical, retail.
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      Modern Office/Medical/Retail Space Available

      New modern building with convenient access to major routes.
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    • Contact for pricing

      GA, Newnan - Newnan Crossing Bypass

      Workspaces, services and support to help you work better in MO, St. Louis - The Luxe on Lami
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      View Details
    • $3,460 /Mo
      3,127 SF

      Newnan Office Space For Rent

      Office space available near I-85 and Piedmont Newnan Hospital.
      1635 Highway 34 E, Newnan, GA 30265
      View Details
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    Newnan, GA 30265-2315
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    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
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