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Property profile & analytics
OFF-MARKET
Estimated value
$2,955,000
Distribution centers
547 Hwy 29th S Newnan, GA 30263-7103
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1416275
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2001
Construction
STEEL FRAME
Total area
32,350 SF
Lot
6.03 ac (262,667 SF)
Zoning code
1
APN
075A 009A
UPID
US22-1416275
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
-
Contract Lumber Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.66M
Comparable Approach
Comparable
$3.13M
Blend (final)
Blend
$2.96M
Owner & transaction history
Line Drive Props Newnan LLC · 10 yrs held
Line Drive Props Newnan LLC
since 2016
5 recorded transactions
Zoning & alternative use
1 · Newnan, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.8M
+34.1%
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%
$3,960,000
6.5%
$3,655,000
7%
$3,395,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,855,000
Current use
RETAIL STORES
$3,825,000
Change: +34% · Conversion: Moderate
Blend value · Realmo final
$2.96M
Range $2.66M – $3.25M · ±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
$91 / 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
$12,740
Tax year 2024
Assessed value
$549,316
Assessed 2024
Previous assessed
$549,302
+0.0% YoY
Effective rate
2.32%
On assessed value
Assessed land
$96,480
Assessed improvement
$452,836
Land market value
$241,200
Improvement market value
$1,132,091
Total market value
$1,373,291
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2001
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Total area
32,350 SF
Lot
6.03 ac (262,667 SF)
Zoning code
1
APN
075A 009A
UPID
US22-1416275
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
WAREHOUSE, STORAGE Current
Est. value
$2.9M
RETAIL STORES
Est. value
$3.8M
WAREHOUSE, STORAGE Current
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
2001
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Lot
6.03 ac
Current owner
From public records · entity-resolved
Line Drive Props Newnan LLC
Entity
Free & Clear · 10 yrs held
Mailing address
3245 HAZELTON ETNA RD SW, PATASKALA, OH 43062-8532
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2016
—
Line Drive Props Newnan LLC
—
Deed
related
$40,008,104 · Jp Morgan Chase Bk
Feb 16, 2016
—
Line Drive Props Newnan LLC
547 Newnan LLC
Quit Claim Deed
related
—
Feb 16, 2016
$1,530,000
Line Drive Props Newnan LLC
547 Newnan LLC
Grant Deed
—
Oct 8, 2008
$1,500,000
547 Newnan LLC
The,manis Family Limited P
Grant Deed
$1,125,000 · Midtown Bank & Trust Co
—
—
Line Drive Props Newnan LLC
—
Deed Of Trust
related
$40,008,104 · Jp Morgan Chase Bk
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.
Try Rey
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