Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    361 Newnan Xing Byp Newnan, GA 30265-1067

    • Retail space
    • 84,176 SF
    • 7.76 lot acres
    OFF-MARKET
    Last Sale
    Mar 25, 2022
    $20,791,810
    Value Estimations
    $19,740,000
    Show details
    Cap Rate Potential
    6.2%
    Retail space
    Location Intelligence
    Property ID
    US22-3764822
    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.

    Current Use by Public Records

    • At Home / Home Decor Store / Department Store
    • At Home - The home decor superstore / Home Decor Store / Department Store

    Property Details for 361 Newnan Xing Byp

    Year built
    2014
    Lot size
    7.76 lot acres
    Property size
    84,176 SF
    Zone code
    2
    Property type
    Retail space
    APN
    086 5044 008
    APU
    865044008

    Description

    This exceptional investment opportunity presents a fee-simple interest in an 86,773-square-foot At Home retail property located at 361 Newnan Crossing Bypass in Newnan, Georgia (zip code 30265). The property, built in 2018 and situated on a 7.8-acre lot, is currently 100% occupied under a 15-year absolute NNN lease with a corporate guarantee from At Home, commencing March 25, 2022, and expiring March 31, 2037. This leaves a substantial remaining lease term of approximately 12.4 years. The lease includes four five-year renewal options and features 2% annual rent bumps. The property generates a strong net operating income (NOI) of $1,243,827. The location benefits from a high-income demographic, with average household incomes exceeding $107,000 within a 5-mile radius. The property's visibility is enhanced by its position along a major thoroughfare with high daily traffic volume (8,500 vehicles per day) and its proximity to Ashley Park Center, a shopping destination attracting 4.6 million annual visitors. This offering provides investors with a secure, long-term passive income stream from a national tenant, with minimal landlord responsibilities. The property offers a compelling combination of strong tenant credit, a favorable lease structure, and a prime location in a thriving market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $19,160,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $19,735,000
      6.5%
      $18,215,000
      7%
      $16,915,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $12,825,000
      Market price range: $5.28M - $16.9M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $19,925,000
      MEDICAL BUILDING
      $17,855,000
      COMMERCIAL (GENERAL)
      $17,120,000
      AUTO REPAIR, GARAGE
      $14,960,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Newnan
    County
    Coweta
    State
    Georgia
    Longitude
    -84.7605
    Latitude
    33.3872
    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
    $76,538
    $946,473
    $2,994,202
    $3,940,675
    -
    $2,366,182
    $7,485,504
    $9,851,686

    Comparable in this City

    • Value Estimation
      $650,000
      5,265 SF

      5 Baynard Dr

      RETAIL STORES (PERSONAL SERVICES) • 5,265 SF
      5 Baynard Dr, Newnan, GA 30265-6424
      View Details
    • Value Estimation
      $1,005,000
      9,950 SF

      3261 Hwy 34th E

      RETAIL STORES (PERSONAL SERVICES) • 9,950 SF
      3261 Hwy 34th E, Newnan, GA 30265-2335
      View Details
    • Value Estimation
      $1,155,000
      8,316 SF

      3149 Hwy 34th E

      RETAIL STORES (PERSONAL SERVICES) • 8,316 SF
      3149 Hwy 34th E, Newnan, GA 30265-2120
      View Details
    • Value Estimation
      $520,000
      3,650 SF

      534 Hwy 34th E

      RETAIL STORES (PERSONAL SERVICES) • 3,650 SF
      534 Hwy 34th E, Newnan, GA 30265-1043
      View Details
    • Value Estimation
      $1,870,000
      11,200 SF

      3055 Hwy 34th E

      RETAIL STORES (PERSONAL SERVICES) • 11,200 SF
      3055 Hwy 34th E, Newnan, GA 30265-2179
      View Details
    • Value Estimation
      $2,740,000
      65,804 SF

      997 Hwy 34th E

      RETAIL STORES (PERSONAL SERVICES) • 65,804 SF
      997 Hwy 34th E, Newnan, GA 30265-2130
      View Details

    Similar Nearby for Sale

    • $5,500,000
      2,550 SF

      High-Yield Car Wash in Newnan, GA

      Profitable Car Wash, Prime Location
      12 Baynard Park, Newnan, GA 30265
      View Details
    • $3,133,900
      8.00 Acres

      Prime Commercial Land, Newnan, GA

      8 Acres, I-85 Visibility, C6 Zoning
      0 Mccollum Sharpsburg Rd, Newnan, GA 30265
      View Details
    • $562,000

      Prime Newnan Industrial Land

      9.62 Acres, Light Industrial Zoning
      0 Coweta Industrial Pkwy, Newnan, GA 30265
      View Details
    • $725,000
      4.77 Acres

      Highway Frontage Commercial Land Opportunity

      Prime commercial land in high-traffic area near I-85.
      3098 Hwy 154 Rd, Newnan, GA 30265
      View Details
    • $3,750,000
      41.50 Acres

      Newnan, GA Development Land

      ±41.5 Acres, I-85 Access, RC Zoning
      0 Raymond Hill Rd, Newnan, GA 30265
      View Details
    • New
      $562,000
      9.32 Acres

      9.3 Acre Industrial Lot

      9.3 acre wooded lot in Coweta Industrial Park.
      Coweta Industrial Pkwy, Newnan, GA 30265
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,440 SF

      Modern Office/Medical/Retail Space

      New modern building with flexible space for office, medical, retail.
      185 Glenda Trce, Newnan, GA 30265
      View Details
    • $2,300 /Mo
      1,200 SF

      Office Space in Summer Grove

      Office space in a great location near Ashley Park.
      48 Market Square Rd, Newnan, GA 30265
      View Details
    • Contact for pricing
      466,503 SF

      Newnan Medical Office Space For Lease

      Georgia medical office suites available now.
      0 Bullsboro Dr. & Interstate Way, Newnan, GA 30265
      View Details
    • Contact for pricing

      40 Bledsoe Rd

      Large Childcare Space
      40 Bledsoe Rd, Newnan, GA 30265
      View Details
    • Contact for pricing

      Modern Office/Medical/Retail Space Available

      New modern building with flexible space for office, medical, retail.
      185 Glenda Trce, Newnan, GA 30265
      View Details
    • Contact for pricing

      Modern Office/Medical/Retail Space Available

      New modern building with convenient access to major routes.
      185 Glenda Trce, Newnan, GA 30265
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    361 Newnan Xing Byp
    Newnan, GA 30265-1067
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!