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    Property profile & analytics

    535 Pne Rd Newnan, GA 30263-7435

    • Warehouses
    • 31,520 SF
    • 5.56 lot acres
    OFF-MARKET
    Value Estimations
    $3,900,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1097328
    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

    • GTVC MANUFACTURING / Industrial Manufacturer
    • Star Instruments / Industrial Manufacturer / Production Facility
    • Only Plumbing Newnan / Plumbing Service / General Contractor
    • Atlanta Baseball Academy / Sports Field & Court / Sports School

    Property Details for 535 Pne Rd

    Year built
    2005
    Construction
    STEEL FRAME
    Lot size
    5.56 lot acres
    Property size
    31,520 SF
    Zone code
    R1
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    076 2072 007
    APU
    762072007

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,460,000
      6.5%
      $5,040,000
      7%
      $4,680,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,994,000
      Market price range: $1.07M - $4.82M
      AI Estimate
      $2,667,000
      Market price range: $857k - $2.96M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,780,000
      Current use
      AUTO REPAIR, GARAGE
      $5,600,000
      Change: +101% Conversion: Easy
      COMMERCIAL (GENERAL)
      $5,045,000
      Change: +81% Conversion: Difficult
      RETAIL STORES
      $3,730,000
      Change: +34% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Newnan
    County
    Coweta
    State
    Georgia
    Longitude
    -84.7841
    Latitude
    33.3309
    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
    2024
    $16,281
    $166,800
    $535,168
    $701,968
    -
    $417,000
    $1,337,920
    $1,754,920

    Comparable in this City

    • Value Estimation by Request
      1,950 SF

      12 Tower Pl

      MINI-WAREHOUSE, STORAGE • 1,950 SF
      12 Tower Pl, Newnan, GA 30263-1480
      View Details
    • Value Estimation by Request
      1,430 SF

      33 V C St

      MINI-WAREHOUSE, STORAGE • 1,430 SF
      33 V C St, Newnan, GA 30263
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    • Value Estimation by Request
      1,560 SF

      1283 Welcome Rd

      MINI-WAREHOUSE, STORAGE • 1,560 SF
      1283 Welcome Rd, Newnan, GA 30263-4411
      View Details
    • Value Estimation by Request
      11,216 SF

      22 Long Pl

      MINI-WAREHOUSE, STORAGE • 11,216 SF
      22 Long Pl, Newnan, GA 30263-2706
      View Details
    • Value Estimation by Request
      17,278 SF

      24 Long Pl

      MINI-WAREHOUSE, STORAGE • 17,278 SF
      24 Long Pl, Newnan, GA 30263-2706
      View Details
    • Value Estimation by Request
      7,440 SF

      11 Mcbride St

      MINI-WAREHOUSE, STORAGE • 7,440 SF
      11 Mcbride St, Newnan, GA 30263-1059
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Newnan Warehouse and Distribution Space

      157,134 SF available on 30.4 acres in Newnan, GA.
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      View Details
    • New
      $8,000,000
      22.91 Acres

      Income-Producing Land with Development Potential

      22+ acres with income and commercial development potential in Newnan, GA.
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      Newnan Industrial Complex - 3 Buildings

      Prime 31K SF Warehouse, 3.83 Acres
      5 Haynie St, Newnan, GA 30263
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    • $475,000
      800 SF

      Historic Building in Downtown Newnan

      Charming 1900s building near Newnan's Square, versatile and open.
      15 E Broad St, Newnan, GA 30263
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      27.00 Acres

      Newnan Redevelopment Opportunity

      27-acre commercial land for redevelopment in Newnan, Georgia.
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    • $298,018
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      Land Near Downtown Newnan

      6 acres of land, ideal for residential development.
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    Similar Nearby for Lease

    • Contact for pricing
      244,200 SF

      Newnan Warehouse Space Available

      244,200 square foot warehouse space for rent in Newnan.
      873 Highway 29 S, Newnan, GA 30263
      View Details
    • Contact for pricing

      Newnan Industrial Warehouse For Lease

      5,402 SF warehouse with dock doors, convenient location.
      5 Haynie St, Newnan, GA 30263
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      148,300 SF

      Newnan Warehouse Space Available

      148,300 SF warehouse space for lease in Newnan, Georgia.
      765 Highway 29 S, Newnan, GA 30263
      View Details
    • $2,333 /Mo
      54,000 SF

      Newnan Retail or Office Space

      Retail or office space in bustling Westside Plaza.
      273 Temple Ave, Newnan, GA 30263
      View Details
    • New
      $2,900 /Mo
      Pending

      Newnan Office Space For Lease

      Professional office space available in Newnan, Georgia.
      145 Millard Farmer Industrial Blvd, Newnan, GA 30263
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space in Newnan, GA

      Retail space in a prominent retail district with high visibility.
      1111 Bullsboro Dr, Newnan, GA 30263
      View Details
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    Newnan, GA 30263-7435
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    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
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