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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Auto shops
477 Corinth Rd Newnan, GA 30263-5167
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US22-0807423
Property summary
AI-generated overview
This exceptional 3,960-square-foot Class A flex space in Newnan, Georgia, presents a unique opportunity. Located at 477 Corinth Road, 30263, this single-tenant property features "M" Industrial zoning within Coweta County. The building boasts over 2,400 square feet of shop space, equipped with two bays, each featuring 18-foot roll-up doors on both exterior sides. Seamless communication is facilitated by direct access from the shop to over 1,500 square feet of office space, including five offices and a conference room suite. Additional office space is potentially available. Amenities include two bathrooms, a full kitchen, and a dining area. Ample parking is provided, with designated customer parking in front and additional covered and fenced-in parking for equipment. The property comprises one single-story building with a total of six parking spaces for customers.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2005
Construction
STEEL FRAME
Total area
6,360 SF
Lot
3 ac (130,680 SF)
Zoning code
M
APN
076 2041 005
UPID
US22-0807423
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
-
Shumate Truck Repair Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$870k
Blend (final)
Blend
$900k
Owner & transaction history
Tucker Holdings LLC Real Estate Div · 3 yrs held
Tucker Holdings LLC Real Estate Div
since 2022
7 recorded transactions
Zoning & alternative use
M · Newnan, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.4M
+19.3%
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
AUTO REPAIR, GARAGE
$1,130,000
Current use
MEDICAL BUILDING
$1,350,000
Change: +19% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,020,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$900k
Range $810k – $990k · ±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
$142 / 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
$5,335
Tax year 2023
Assessed value
$229,836
Assessed 2023
Previous assessed
$229,836
+0.0% YoY
Effective rate
2.32%
On assessed value
Assessed land
$42,000
Assessed improvement
$187,836
Land market value
$105,000
Improvement market value
$469,590
Total market value
$574,590
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2005
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Bathrooms
2
Total area
6,360 SF
Lot
3 ac (130,680 SF)
Zoning code
M
APN
076 2041 005
UPID
US22-0807423
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
AUTO REPAIR, GARAGE Current
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.0M
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
SPACE
Stories
1
Bathrooms
2
Lot
3 ac
Current owner
From public records · entity-resolved
Tucker Holdings LLC Real Estate Div
Entity
Mailing address
11 FRANKLIN RD, NEWNAN, GA 30263-1311
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2023
—
Tucker Contractors INC
—
Deed
related
$40,464 · First Peoples Bank
Dec 8, 2022
—
Tucker Holdings LLC Real Estate Div
Tucker Contractors INC
Warranty Deed
—
Feb 21, 2022
$600,000
Tucker Contractors INC
Jlh Real Estate Holdings LLC
Warranty Deed
$410,626 · First Peoples Bank
Aug 14, 2017
$400,000
Jlh Real Estate Holdings LLC
Accuwright Mechanical LLC
Grant Deed
related
$395,250 · Synovus Bk
Mar 3, 2017
—
Accuwright Mechanical LLC
Accu-wright INC
Quit Claim Deed
related
$400,000 · Smartbank
Aug 1, 2012
$275,000
Accu-wright INC
Corinath Road LLC
Grant Deed
$226,481 · Cornerstone Community Bank
Oct 26, 2010
$1,000
Corinth Road LLC
Internal Revenue Of Collection
Quit Claim Deed
related
—
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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