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Property profile & analytics
OFF-MARKET
Estimated value
$1,400,000
Grocery and convenience stores
870 Hwy 16th E Newnan, GA 30263-7609
Entity Owned
2-yr Hold
Free & Clear
Property ID
US22-0802405
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2004
Construction
STEEL FRAME
Total area
2,592 SF
Lot
2.06 ac (89,734 SF)
Zoning code
2
APN
088 2060 009
UPID
US22-0802405
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
$1.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.40M
Owner & transaction history
Sean Newnan Investments LLC · 2 yrs held
Sean Newnan Investments LLC
since 2024
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
2 · 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
$1,400,000
ML approach
$1,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.40M
Range $1.26M – $1.54M · ±10% · vs last sale $1.40M (Feb 1 2024)
Last sale anchor
$1.40M
Feb 1 2024
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
$540 / 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
$4,229
Tax year 2023
Assessed value
$182,191
Assessed 2023
Previous assessed
$182,191
+0.0% YoY
Effective rate
2.32%
On assessed value
Assessed land
$45,320
Assessed improvement
$136,871
Land market value
$113,300
Improvement market value
$342,177
Total market value
$455,477
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2004
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
2,592 SF
Lot
2.06 ac (89,734 SF)
Zoning code
2
APN
088 2060 009
UPID
US22-0802405
Jurisdiction
COWETA
Zoning & alternative use
2 · Newnan, GA
Zoning 2 · permitted uses
2 · 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.
Building & site characteristics
From public records
Year built
2004
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
2.06 ac
Current owner
From public records · entity-resolved
Sean Newnan Investments LLC
Entity
Free & Clear · 2 yrs held
Mailing address
870 HWY 16TH E, NEWNAN, GA 30263-7609
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2024
$1,400,000
Sean Newnan Investments LLC
Eversunshine LLC
Warranty Deed
—
May 4, 2023
—
Eversunshine LLC
Rk Store LLC
Quit Claim Deed
related
—
Jan 21, 2020
—
Rk Store LLC
—
Deed
related
$40,000 · Centerstate Bk NA
Sep 15, 2017
$658,300
Rk Store LLC
Pirani,raees
Grant Deed
$625,353 · Charterbank
Sep 15, 2017
—
Raees Pirani
Charterbank
Quit Claim Deed
related
—
Dec 26, 2006
—
Aslam Sherali Bana
Pirani,raees
Grant Deed
related
—
—
—
Raees Pirani
—
Loan Modification
related
$865,000 · Heritage Bk
—
—
Rk Store LLC
—
Deed Of Trust
related
$40,000 · Centerstate Bk NA
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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