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Property profile & analytics
OFF-MARKET
Estimated value
$2,775,000
Medical Office Space
58 Hospital Rd Newnan, GA 30263-1230
Entity Owned
19-yr Hold
Free & Clear
Property ID
US22-0809861
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1999
Construction
CONCRETE
Total area
27,960 SF
Lot
0.32 ac (13,939 SF)
Zoning code
PS
APN
N41A 001A
UPID
US22-0809861
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
-
Dr. Olubunkola M. Olubi, MD Physician
-
Cardiac Disease Medical Clinic
-
Atlanta Internal Medicine P C Physician
-
Dr. Charles L. Brown III, MD Physician
-
Malik Merchant Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.01M
Blend (final)
Blend
$2.78M
Owner & transaction history
Piedmont Newnan Hospital INC · 19 yrs held
Piedmont Newnan Hospital INC
since 2007
2 recorded transactions
Zoning & alternative use
PS · Newnan, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$2.78M
Range $2.50M – $3.05M · ±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
$99 / 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
$14,309
Tax year 2023
Assessed value
$626,225
Assessed 2023
Previous assessed
$626,225
+0.0% YoY
Effective rate
2.28%
On assessed value
Assessed land
$5,120
Assessed improvement
$621,105
Land market value
$12,800
Improvement market value
$1,552,762
Total market value
$1,565,562
Applied tax rate
2.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1999
Construction
CONCRETE
Heating
NONE
Stories
2
Total area
27,960 SF
Lot
0.32 ac (13,939 SF)
Zoning code
PS
APN
N41A 001A
UPID
US22-0809861
Jurisdiction
COWETA
Zoning & alternative use
PS · Newnan, GAZoning PS · permitted uses
PS · Newnan, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1999
Construction
CONCRETE
Heating
NONE
Stories
2
Lot
0.32 ac
Current owner
From public records · entity-resolved
Piedmont Newnan Hospital INC
Entity
Free & Clear · 19 yrs held
Mailing address
745 POPLAR RD, NEWNAN, GA 30265-1618
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2007
—
Piedmont Newnan Hospital INC
Newnan Hospital INC
Quit Claim Deed
related
—
Mar 1, 2007
$36,925,104
Piedmont Newnan Hospital INC
Newnan Hospital INC
Grant 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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