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Property profile & analytics
OFF-MARKET
Estimated value
$8,390,000
Medical Office Space
60 Oak Hl Blvd Newnan, GA 30265-2314
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US22-1298514
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Construction
STEEL FRAME
Total area
25,372 SF
Lot
2.27 ac (98,881 SF)
Zoning code
1
APN
109 6005 022
UPID
US22-1298514
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. James L. Sutherland, MD Pediatrician Medical Clinic
-
GPPA Newnan Hospital
-
Sacred Journey Hospice - Newnan, Georgia Nursing Home
-
Peter Scire DC Alternative Medicine Practice
-
Dr. Qing Ni, MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.69M
CAP Approach
CAP
$5.66M
Comparable Approach
Comparable
$7.83M
Blend (final)
Blend
$8.39M
Owner & transaction history
Hsre Oak Hill I LLC · 4 yrs held
Hsre Oak Hill I LLC
since 2021
Last sale
$8.3M
6 recorded transactions
Zoning & alternative use
1 · Newnan, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.0M
+11.6%
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
$8,795,000
ML approach
$8,690,000
CAP Approach
CAP Return
Estimation
6%
$6,130,000
6.5%
$5,660,000
7%
$5,255,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,380,000
Current use
RESTAURANT
$6,005,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,160,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$8.39M
Range $7.55M – $9.23M · ±10% · vs last sale $8.33M (Aug 27 2021)
Last sale anchor
$8.33M
Aug 27 2021
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
$331 / 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
$71,206
Tax year 2023
Assessed value
$3,067,354
Assessed 2023
Previous assessed
$3,067,354
+0.0% YoY
Effective rate
2.32%
On assessed value
Assessed land
$276,867
Assessed improvement
$2,790,487
Land market value
$692,167
Improvement market value
$6,976,217
Total market value
$7,668,384
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
25,372 SF
Lot
2.27 ac (98,881 SF)
Zoning code
1
APN
109 6005 022
UPID
US22-1298514
Jurisdiction
COWETA
Zoning & alternative use
1 · Newnan, GAZoning 1 · permitted uses
1 · Newnan, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$5.4M
RESTAURANT
Est. value
$6.0M
COMMERCIAL (GENERAL)
Est. value
$5.2M
MEDICAL BUILDING Current
RESTAURANT
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
2007
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
2.27 ac
Current owner
From public records · entity-resolved
Hsre Oak Hill I LLC
Entity
Mailing address
444 W LK ST STE #2100, CHICAGO, IL 60606-0069
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2021
$8,325,000
Hsre Oak Hill I LLC
60 Oak Hill Owner LLC
Warranty Deed
—
Aug 2, 2019
—
60 Oak Hill Owner LLC
Wm Oak Hill Park Holdings LLC
Quit Claim Deed
related
—
Aug 2, 2019
$5,383,100
60 Oak Hill Owner LLC
Wm Oak Hill Park Holdings LLC
Grant Deed
related
$63,150,000 · Capital One NA
Sep 5, 2014
—
William Oak Hill Park Holdings
Oak Hill Building I LLC
Quit Claim Deed
related
$10,440,000 · Royal Bk/scotland Plc
Sep 5, 2014
$4,447,200
William Oak Hill Park Holdings
Oak Hill Building I LLC
Grant Deed
related
—
—
—
Oak Hill Building I LLC
—
Deed Of Trust
related
$3,720,000 · Regions Bank
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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