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Property profile & analytics
OFF-MARKET
Estimated value
$19,400,000
Outlet malls
955 Hwy 34th E Newnan, GA 30265-2130
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-2645137
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1995
Construction
WOOD FRAME
Total area
131,541 SF
Lot
19.23 ac (837,659 SF)
Zoning code
ND
APN
098 5052 003
UPID
US22-2645137
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
$19.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.22M
Blend (final)
Blend
$19.40M
Owner & transaction history
Lake Plaza Associates LLC · 1 yrs held
Lake Plaza Associates LLC
since 2024
Last sale
$19.4M
6 recorded transactions
Zoning & alternative use
ND · Newnan, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$31.1M
+78.3%
Medical building
$27.9M
+59.7%
Commercial (general)
$26.8M
+53.2%
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
$19,400,000
ML approach
$19,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$17,465,000
Current use
RESTAURANT
$31,140,000
Change: +78% · Conversion: Easy
MEDICAL BUILDING
$27,900,000
Change: +60% · Conversion: Difficult
COMMERCIAL (GENERAL)
$26,755,000
Change: +53% · Conversion: Easy
AUTO REPAIR, GARAGE
$23,380,000
Change: +34% · Conversion: Difficult
Blend value · Realmo final
$19.40M
Range $17.46M – $21.34M · ±10% · vs last sale $19.40M (Jul 24 2024)
Last sale anchor
$19.40M
Jul 24 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
$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 2023Property tax & assessments
Tax year 2023
Tax billed
$92,826
Tax year 2023
Assessed value
$4,062,421
Assessed 2023
Previous assessed
$4,062,421
+0.0% YoY
Effective rate
2.28%
On assessed value
Assessed land
$1,894,144
Assessed improvement
$2,168,277
Land market value
$4,735,360
Improvement market value
$5,420,692
Total market value
$10,156,052
Applied tax rate
8.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1995
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
131,541 SF
Lot
19.23 ac (837,659 SF)
Zoning code
ND
APN
098 5052 003
UPID
US22-2645137
Jurisdiction
COWETA
Zoning & alternative use
ND · Newnan, GA
Zoning ND · permitted uses
ND · 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
RETAIL STORES Current
Est. value
$17.5M
RESTAURANT
Est. value
$31.1M
MEDICAL BUILDING
Est. value
$27.9M
COMMERCIAL (GENERAL)
Est. value
$26.8M
AUTO REPAIR, GARAGE
Est. value
$23.4M
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1995
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
19.23 ac
Current owner
From public records · entity-resolved
Lake Plaza Associates LLC
Entity
Mailing address
5973 AVIENDA ENCINAS STE E STE #301, CARLSBAD, CA 92008
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2024
$19,400,000
Lake Plaza Associates LLC
Nnnopp Owner 2 LLC
Warranty Deed
$106,000,000 · Td Bank
Aug 6, 2020
—
Halpern Newnan LLC
Halpern Ents INC
Quit Claim Deed
related
—
Jul 27, 2020
$15,550,000
Nnn Opp Owner II LLC
Rvt Newnan Crossing LLC
Grant Deed
$65,000,000 · Miscellaneous Ins Co
Jan 16, 2020
—
Rvt Newnan Crossing LLC
Jdn Dev Co INC
Grant Deed
related
—
Feb 16, 2018
—
Rvt Newnan Crossing LLC
—
Grant Deed
related
$1,350,000,000 · Column Fin'l
Feb 12, 2018
$23,300,000
Rvt Newnan Crossing LLC
Jdn Realty Corp
Grant Deed
—
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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