Property profile

48 Market Square Rd Newnan, GA 30265

FOR LEASE
Strip malls
Property ID
US22-0527529
8,125 SF 1.31 ac lot Built 2002
Entity Owned 21-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The property is a small office suite configured for professional use, featuring a walk-in reception area, one private office, and a dedicated restroom. It is located within Summer Grove Market Square, a mixed-use retail center anchored by Partner's Pizza and containing amenities such as restaurants, urgent care, a veterinary service, and a gas station/convenience store. Access to Interstate 85 is approximately 2 miles away. The suite is arranged as a single office arrangement within a larger shopping center and is designed to include utility coverage as part of its occupancy setup.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2002
Construction WOOD
Total area 8,125 SF
Lot 1.31 ac (57,064 SF)
Zoning code 2
APN SG2 236
UPID US22-0527529

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Business Management Consultant
  • Financial Advisor
  • Law Firm
  • Roofing Company General Contractor

Location

48 Market Square Rd Newnan, GA 30265
Newnan metro Census 170607 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$225k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k

Owner & transaction history

since 2004
7 recorded transactions
2020
Price N/A
2020
Price N/A
2017
Price N/A
2004
$1.1M
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

2 · Newnan, GA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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