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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Manufacturing properties
36 Lunsford Rd Newnan, GA 30263-1324
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1039846
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1973
Construction
STEEL FRAME
Total area
6,000 SF
Lot
1.01 ac (43,996 SF)
Zoning code
R1
APN
061 5069 004B
UPID
US22-1039846
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
-
2400 Degrees Metal Fabrication Plant Factory
-
Prime Fabrications Inc Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$740k
CAP Approach
CAP
$560k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$760k
Owner & transaction history
Lunsford Road LLC · 2 yrs held
Lunsford Road LLC
since 2023
Last sale
$800,000
5 recorded transactions
Zoning & alternative use
R1 · Newnan, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$705,000
+272.5%
Commercial (general)
$610,000
+222.8%
Auto repair, garage
$565,000
+198.6%
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
$700,000
ML approach
$740,000
CAP Approach
CAP Return
Estimation
6%
$610,000
6.5%
$560,000
7%
$520,000
Alternative Use
Use
Estimation
RESTAURANT
$705,000
Change: +272% · Conversion: Difficult
COMMERCIAL (GENERAL)
$610,000
Change: +223% · Conversion: Difficult
AUTO REPAIR, GARAGE
$565,000
Change: +199% · Conversion: Easy
MEDICAL BUILDING
$560,000
Change: +195% · Conversion: Difficult
Blend value · Realmo final
$760k
Range $684k – $836k · ±10% · vs last sale $800k (Dec 20 2023)
Last sale anchor
$800k
Dec 20 2023
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
$127 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$5,753
Tax year 2024
Assessed value
$248,041
Assessed 2024
Previous assessed
$44,064
+462.9% YoY
Effective rate
2.32%
On assessed value
Assessed land
$21,210
Assessed improvement
$226,831
Land market value
$53,025
Improvement market value
$567,078
Total market value
$620,103
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1973
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Total area
6,000 SF
Lot
1.01 ac (43,996 SF)
Zoning code
R1
APN
061 5069 004B
UPID
US22-1039846
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
$705,000
COMMERCIAL (GENERAL)
Est. value
$610,000
AUTO REPAIR, GARAGE
Est. value
$565,000
MEDICAL BUILDING
Est. value
$560,000
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
1973
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Lot
1.01 ac
Current owner
From public records · entity-resolved
Lunsford Road LLC
Entity
Free & Clear · 2 yrs held
Mailing address
501 RAMAH DR, PALMETTO, GA 30268-1136
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2023
$800,000
Lunsford Road LLC
5255 Fulton Industrial Boulevard Ll
Warranty Deed
—
Jun 2, 2023
$800,000
5255 Fulton Industrial Boulevard Ll
South Land Fabrications LLC
Warranty Deed
—
Aug 21, 2018
—
South Land Fabrications LLC
—
Deed
related
$100,000 · Branch Bk&tr
Jun 12, 2018
—
South Land Fabrications LLC
Cawthon-hollums Properties INC
Quit Claim Deed
related
—
—
—
South Land Fabrications LLC
—
Deed Of Trust
related
$100,000 · Branch Bk&tr
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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