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Property profile & analytics
OFF-MARKET
Estimated value
$1,730,000
Outlet malls
40 Greenway Ct Newnan, GA 30265-2326
Entity Owned
12-yr Hold
Free & Clear
Property ID
US22-4299618
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2005
Construction
STEEL FRAME
Total area
18,256 SF
Lot
2.97 ac (129,373 SF)
Zoning code
1
APN
W02 394
UPID
US22-4299618
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
-
Falcon Design Consultants, LLC General Contractor
-
Independent Fitness and Martial Arts Training Center Sports School
-
Physio - Newnan Medical Clinic
-
Farmers Insurance Agency - Albert Hamilton Insurance Agency
-
Southern Arc Dance Center Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.88M
Blend (final)
Blend
$1.73M
Owner & transaction history
W & W Realty Co LLP · 12 yrs held
W & W Realty Co LLP
since 2013
6 recorded transactions
Zoning & alternative use
1 · Newnan, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,425,000
Current use
Blend value · Realmo final
$1.73M
Range $1.56M – $1.90M · ±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
$95 / 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
$13,164
Tax year 2023
Assessed value
$576,121
Assessed 2023
Previous assessed
$576,121
+0.0% YoY
Effective rate
2.28%
On assessed value
Assessed land
$201,900
Assessed improvement
$374,221
Land market value
$504,751
Improvement market value
$935,552
Total market value
$1,440,303
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2005
Construction
STEEL FRAME
Heating
CENTRAL
Buildings
2
Stories
1
Total area
18,256 SF
Lot
2.97 ac (129,373 SF)
Zoning code
1
APN
W02 394
UPID
US22-4299618
Jurisdiction
COWETA
Zoning & alternative use
1 · Newnan, GA
Zoning 1 · permitted uses
1 · 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
$2.4M
RETAIL STORES Current
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
2005
Construction
STEEL FRAME
Heating
CENTRAL
Stories
1
Buildings
2
Lot
2.97 ac
Current owner
From public records · entity-resolved
W & W Realty Co LLP
Entity
Free & Clear · 12 yrs held
Mailing address
PO BOX 127, FAIRBURN, GA 30213-0127
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2013
$600,000
W & W Realty Co LLP
Community Sthrn Bk
Quit Claim Deed
related
—
Apr 5, 2011
$2,200,000
Community Sthrn Bk
New River Property Group LLC
Trustees Deed
related
—
Apr 28, 2008
$2,403,383
New River Property Grp LLC
Megkay Properties LLC
Grant Deed
$2,373,120 · Canyon State Cu
—
—
Megkay Properties LLC
—
Deed Of Trust
related
$2,204,914 · West Ga National Bank
—
—
Megkay Properties LLC
—
Deed Of Trust
related
$2,204,914 · West Ga National Bank
—
—
Megkay Properties LLC
—
Deed Of Trust
related
$1,527,828 · West Ga National Bank
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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