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    The Largest CRE Database in the US with Over 1 Million Listings

    173 Youth Jersey Rd Covington, GA 30014

    Sponsored
    For Sale
    $749,000

    LAND - Covington, GA

    Lot size:
    14.00 Acres
    Days on Market:
    46
    Last Refresh:
    Feb 1 at 12:06 am

    Property Features for 173 Youth Jersey Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Vegetation
    Cleared, Heavily Wooded
    Zoning
    A-1
    APN
    C065000000057000
    Lot size
    14.00 Acres

    Utilities

    Utilities
    Cable Available

    Building Details

    Additional Structures
    Storage

    We can help!

    Listing Contact
    Kevin Witcher

    Coldwell Banker Jackson Realty 770-267-7557 ext301

    Listing agent Kevin Witcher (770) 778-7188

    Listing date Dec 18, 2025

    MLS# 7689707 Listing URL

    Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Covington Land with Shop Building

    This 14-acre tract of land, zoned A-1 for rural estate, is located on the east side of Youth Jersey Road, approximately 1 mile north of Jersey, 6 miles southwest of Monroe, and 9 miles southeast of Loganville. It features approximately 340 linear feet of road frontage on Youth Jersey Road, enhanced by black board fencing. County water is available at the street. The property includes a 5,000-square-foot shop building constructed with a prefabricated metal frame on a poured concrete slab, enclosed by prefabricated metal panels and roofing panels. The shop building has an eave height of approximately 14 feet and includes a rollup utility door, electrical service, a break area, and a restroom. Additionally, there is a 2,000-square-foot open equipment storage building. The land has a moderately rolling topography with a mixture of open and wooded areas. The rear of the site contains an electrical power line easement. The surrounding area along Youth Jersey Road is a residential and agricultural district, characterized by custom-built homes on acreage tracts and scattered single-family residential developments. The tract is currently part of a larger parcel, and its sale is subject to legal division and county approval, with potential for further division into two tracts. The property is located within Zone 5 of the Walton County School District, offering students the option to attend schools in either the Social Circle School District or the Walton County School District, including Walnut Grove Elementary School, Youth Middle School, and Walnut Grove High School.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Building Supply HVAC Service Veterinary Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Newton
    State
    Georgia
    Longitude
    -83.802042
    Latitude
    33.732531

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    FAQs

    What type of property is this?
    Farm - 14-acre Covington land with shop and equipment storage buildings.
    Where is this farm located?
    The property is located at 173 Youth Jersey Rd Covington, GA.
    What is the asking price?
    The asking price for this property is $749,000.
    What are key features of this property?
    This property features: - Large 14-acre tract zoned A-1, offering rural estate possibilities.; - **5,000 sqft shop building** with electrical service, restroom, and rollup door.; - 340 linear feet of road frontage on Youth Jersey Road with black board fencing.
    (770) 778-7188
    Request Owner's contact information
    173 Youth Jersey Rd Covington, GA 30014
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    Covington, GA 30014
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    173 Youth Jersey Rd Covington, GA 30014
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    We can help!
    Listing Contact
    Kevin Witcher
    (770) 778-7188
    Learn more
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