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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Grocery and convenience stores
2901 Newnan Xing E Blvd Newnan, GA 30265-2549
Entity Owned
6-yr Hold
Free & Clear
Property ID
US22-3106210
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2020
Total area
5,513 SF
Lot
2.58 ac (112,385 SF)
Zoning code
R1
APN
087 2005 004
UPID
US22-3106210
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
-
RaceTrac Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$490k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$627k
Blend (final)
Blend
$560k
Owner & transaction history
Gingercrest INC · 6 yrs held
Gingercrest INC
since 2019
7 recorded transactions
Zoning & alternative use
R1 · Newnan, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$535,000
+268.8%
Commercial (general)
$505,000
+249.5%
Medical building
$355,000
+145.3%
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
$490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$535,000
Change: +269% · Conversion: Difficult
COMMERCIAL (GENERAL)
$505,000
Change: +249% · Conversion: Easy
MEDICAL BUILDING
$355,000
Change: +145% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$102 / 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
$24,583
Tax year 2023
Assessed value
$1,075,846
Assessed 2023
Previous assessed
$1,075,846
+0.0% YoY
Effective rate
2.28%
On assessed value
Assessed land
$674,568
Assessed improvement
$401,278
Land market value
$1,686,420
Improvement market value
$1,003,194
Total market value
$2,689,614
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2020
Heating
YES
Stories
1
Bathrooms
2
Total area
5,513 SF
Lot
2.58 ac (112,385 SF)
Zoning code
R1
APN
087 2005 004
UPID
US22-3106210
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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$535,000
COMMERCIAL (GENERAL)
Est. value
$505,000
MEDICAL BUILDING
Est. value
$355,000
RESTAURANT
COMMERCIAL (GENERAL)
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
2020
Heating
YES
Stories
1
Bathrooms
2
Lot
2.58 ac
Current owner
From public records · entity-resolved
Gingercrest INC
Entity
Free & Clear · 6 yrs held
Mailing address
200 GALLERIA PKWY SE STE #900, ATLANTA, GA 30339-5945
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2019
$1,750,000
Gingercrest INC
Newnan Crossing Dev Co
Grant Deed
—
Feb 20, 2019
$650,000
Ncbpc LLC
Newnan Crossing Dev Co
Grant Deed
$2,960,000 · Synovus Bk
Mar 14, 2017
$335,000
Schuster Ents INC
Glover & Co LLC
Grant Deed
—
Aug 7, 2014
—
Glover & Co LLC
Glover,s Taylor
Quit Claim Deed
related
—
Jun 30, 2014
—
Stg INC
Lower Fayetteville Ventures In
Quit Claim Deed
related
—
Apr 20, 2012
$924,600
Newnan Professional Center LLC
Lower Fayetteville Ventures In
Warranty Deed
$6,075,000 · Bank Of North Georgia
Apr 20, 2012
—
City Of Newnan Georgia
Lower Fayetteville Ventures In
Warranty Deed
related
—
Dec 28, 2007
$646,000
Georgia Power Co
Lower,fayetteville Venture
Grant Deed
—
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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