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Property profile & analytics
OFF-MARKET
Estimated value
$5,670,000
Warehouses
8 Newnan S Industrial Dr Newnan, GA 30263-2279
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US22-1177448
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2009
Construction
STEEL FRAME
Total area
38,700 SF
Lot
2.53 ac (110,207 SF)
Zoning code
R1
APN
075 2025 005
UPID
US22-1177448
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.25M
CAP Approach
CAP
$6.19M
Comparable Approach
Comparable
$5.91M
Blend (final)
Blend
$5.67M
Owner & transaction history
Newnan Storage Partners LLC · 3 yrs held
Newnan Storage Partners LLC
since 2022
Last sale
$5.7M
7 recorded transactions
Zoning & alternative use
R1 · Newnan, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.2M
+168.4%
Medical building
$8.2M
+140.5%
Auto repair, garage
$6.9M
+101.5%
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
$5,260,000
ML approach
$5,250,000
CAP Approach
CAP Return
Estimation
6%
$6,700,000
6.5%
$6,185,000
7%
$5,745,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,415,000
Current use
RESTAURANT
$9,160,000
Change: +168% · Conversion: Difficult
MEDICAL BUILDING
$8,210,000
Change: +140% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,880,000
Change: +101% · Conversion: Easy
COMMERCIAL (GENERAL)
$6,190,000
Change: +81% · Conversion: Difficult
RETAIL STORES
$4,580,000
Change: +34% · Conversion: Moderate
Blend value · Realmo final
$5.67M
Range $5.10M – $6.24M · ±10% · vs last sale $5.71M (Jul 19 2022)
Last sale anchor
$5.71M
Jul 19 2022
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
$147 / 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
$50,394
Tax year 2024
Assessed value
$2,170,467
Assessed 2024
Previous assessed
$2,123,755
+2.2% YoY
Effective rate
2.32%
On assessed value
Assessed land
$141,680
Assessed improvement
$2,028,787
Land market value
$354,200
Improvement market value
$5,071,968
Total market value
$5,426,168
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2009
Construction
STEEL FRAME
Heating
CENTRAL
Buildings
2
Stories
1
Total area
38,700 SF
Lot
2.53 ac (110,207 SF)
Zoning code
R1
APN
075 2025 005
UPID
US22-1177448
Jurisdiction
COWETA
Zoning & alternative use
R1 · Newnan, GA
Zoning R1 · permitted uses
R1 · 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
$3.4M
RESTAURANT
Est. value
$9.2M
MEDICAL BUILDING
Est. value
$8.2M
AUTO REPAIR, GARAGE
Est. value
$6.9M
COMMERCIAL (GENERAL)
Est. value
$6.2M
RETAIL STORES
Est. value
$4.6M
WAREHOUSE, STORAGE Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2009
Construction
STEEL FRAME
Heating
CENTRAL
Stories
1
Buildings
2
Lot
2.53 ac
Current owner
From public records · entity-resolved
Newnan Storage Partners LLC
Entity
Mailing address
PO BOX 221633, CHARLOTTE, NC 28222-1633
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2022
$5,708,500
Newnan Storage Partners LLC
Barland Enterprises LLC
Warranty Deed
$6,330,250 · First Carolina Bank
Dec 11, 2014
—
Barland Ents LLC
—
Trustees Deed
related
$1,816,068 · Recap Holdings LLC
Mar 21, 2007
$225,259
Barland Enterprisies LLC
Crain Headley INC
Grant Deed
—
—
—
Barland Ents LLC
—
Deed Of Trust
related
$1,500,000 · Charterbank
—
—
Barland Ents LLC
—
Deed Of Trust
related
$2,208,000 · Delta Cmnty Cu
—
—
Barland Ents LLC
—
Deed Of Trust
related
$200,000 · Charterbank
—
—
Barland Ents LLC
—
Deed Of Trust
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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