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Property profile & analytics
OFF-MARKET
Estimated value
$2,175,000
Warehouses
404 Newnan Rd Newnan, GA 30263-2467
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-3277566
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1950
Construction
CONCRETE
Total area
11,978 SF
Lot
25.09 ac (1,092,920 SF)
Zoning code
M
APN
087C 007
UPID
US22-3277566
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
$2.40M
CAP Approach
CAP
$1.92M
Comparable Approach
Comparable
$1.83M
Blend (final)
Blend
$2.18M
Owner & transaction history
Gosalia Concrete Constructors INC · 3 yrs held
Gosalia Concrete Constructors INC
since 2023
Last sale
$2.4M
3 recorded transactions
Zoning & alternative use
M · Newnan, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.8M
+168.4%
Medical building
$2.5M
+140.5%
Auto repair, garage
$2.1M
+101.5%
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
$2,100,000
ML approach
$2,400,000
CAP Approach
CAP Return
Estimation
6%
$2,075,000
6.5%
$1,915,000
7%
$1,780,000
Alternative Use
Use
Estimation
RESTAURANT
$2,835,000
Change: +168% · Conversion: Difficult
MEDICAL BUILDING
$2,540,000
Change: +140% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,130,000
Change: +101% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,915,000
Change: +81% · Conversion: Difficult
RETAIL STORES
$1,415,000
Change: +34% · Conversion: Moderate
Blend value · Realmo final
$2.18M
Range $1.96M – $2.39M · ±10% · vs last sale $2.40M (Jul 18 2023)
Last sale anchor
$2.40M
Jul 18 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
$182 / 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
$17,536
Tax year 2024
Assessed value
$756,109
Assessed 2024
Previous assessed
$400,300
+88.9% YoY
Effective rate
2.32%
On assessed value
Assessed land
$752,700
Assessed improvement
$3,409
Land market value
$1,881,750
Improvement market value
$8,522
Total market value
$1,890,272
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1950
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
11,978 SF
Lot
25.09 ac (1,092,920 SF)
Zoning code
M
APN
087C 007
UPID
US22-3277566
Jurisdiction
COWETA
Zoning & alternative use
M · Newnan, GA
Zoning M · permitted uses
M · 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
$2.8M
MEDICAL BUILDING
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$1.9M
RETAIL STORES
Est. value
$1.4M
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1950
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
25.09 ac
Current owner
From public records · entity-resolved
Gosalia Concrete Constructors INC
Entity
Free & Clear · 3 yrs held
Mailing address
4607 N 56TH ST, TAMPA, FL 33610-7124
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2023
—
Gosalia Concrete Constructors INC
East Newnan Industrial LLC
Limited Warranty Deed
—
Jul 14, 2021
$1,100,000
East Newnan Industrial LLC
Squire Creek Construction Company L
Limited Warranty Deed
—
Jul 10, 2007
$700,000
Dgm LLC
Stg East Nenwan Mill LLC
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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