Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$7,505,000
Retail space
3121 Hwy 34th E Newnan, GA 30265-2120
Entity Owned
3-yr Hold
Free & Clear
Property ID
US22-0938553
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1994
Construction
WOOD FRAME
Total area
47,540 SF
Lot
6.33 ac (275,735 SF)
Zoning code
R1
APN
121 6059 003
UPID
US22-0938553
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.30M
CAP Approach
CAP
$10.29M
Comparable Approach
Comparable
$9.17M
Blend (final)
Blend
$7.51M
Owner & transaction history
Agree Central LLC · 3 yrs held
Agree Central LLC
since 2022
Last sale
$7.6M
7 recorded transactions
Zoning & alternative use
R1 · Newnan, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.3M
+78.3%
Medical building
$10.1M
+59.7%
Commercial (general)
$9.7M
+53.2%
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
$6,955,000
ML approach
$6,300,000
CAP Approach
CAP Return
Estimation
6%
$11,145,000
6.5%
$10,285,000
7%
$9,550,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,315,000
Current use
RESTAURANT
$11,255,000
Change: +78% · Conversion: Easy
MEDICAL BUILDING
$10,085,000
Change: +60% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,670,000
Change: +53% · Conversion: Easy
AUTO REPAIR, GARAGE
$8,450,000
Change: +34% · Conversion: Difficult
Blend value · Realmo final
$7.51M
Range $6.75M – $8.26M · ±10% · vs last sale $7.55M (Sep 26 2022)
Last sale anchor
$7.55M
Sep 26 2022
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
$158 / 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
$69,410
Tax year 2023
Assessed value
$2,817,669
Assessed 2023
Previous assessed
$2,817,669
+0.0% YoY
Effective rate
2.46%
On assessed value
Assessed land
$354,480
Assessed improvement
$2,463,189
Land market value
$886,200
Improvement market value
$6,157,973
Total market value
$7,044,173
Applied tax rate
1.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1994
Construction
WOOD FRAME
Heating
CENTRAL
Stories
1
Total area
47,540 SF
Lot
6.33 ac (275,735 SF)
Zoning code
R1
APN
121 6059 003
UPID
US22-0938553
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
RETAIL STORES Current
Est. value
$6.3M
RESTAURANT
Est. value
$11.3M
MEDICAL BUILDING
Est. value
$10.1M
COMMERCIAL (GENERAL)
Est. value
$9.7M
AUTO REPAIR, GARAGE
Est. value
$8.5M
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1994
Construction
WOOD FRAME
Heating
CENTRAL
Stories
1
Lot
6.33 ac
Current owner
From public records · entity-resolved
Agree Central LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2601 CROSS COUNTRY DRA, COLUMBUS, GA 31906-1801
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2022
$7,550,000
Agree Central LLC
6401 Newnan LLC
Warranty Deed
—
Jan 23, 2019
—
6401 Newnan LLC
—
Deed
related
$4,347,370 · Synovus Bk
Mar 24, 2015
$6,267,900
6401 Newnan LLC
Goodwill Industries Of Sthrn Rivs
Grant Deed
$4,700,893 · Columbus Bk&tr
Dec 29, 2014
$4,859,700
Goodwill Industries Of Sthrn Rivs
Piedmont Dev Of Atlanta LLC
Warranty Deed
$4,890,000 · Wells Fargo Bk
Oct 10, 2014
$375,000
Newnan Dt LLC
Piedmont Dev Of Atlanta LLC
Grant Deed
—
Oct 10, 2014
$1,515,200
Ernest Thomas Properties LP
Newnan Dt LLC
Grant Deed
—
Oct 10, 2014
—
Piedmont Dev Of Atlanta LLC
Peoples Bk
Quit Claim Deed
related
—
Apr 4, 2014
$375,000
Newnan Dt LLC
Piedmont Dev Of Atlanta LLC
Grant Deed
$941,312 · Georgia Cmrc Bk
Dec 21, 2012
—
Piedmont Dev Of Atlanta LLC
Chester Dix Newman Corp
Quit Claim Deed
related
$3,791,150 · Peoples Bank & Trust
Dec 21, 2012
$1,550,000
Piedmont Dev Of Atlanta LLC
Chester Dix Newman Corp
Warranty Deed
—
—
—
6401 Newnan LLC
—
Loan Modification
related
$4,347,370 · Synovus Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3121 Hwy 34th E?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
