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    5 Oil Mill Rd Covington, TN 38019

    For Sale
    $40,000

    Land - Covington, TN

    Lot size:
    1.44 Acres
    Days on Market:
    42
    Last Refresh:
    Dec 8 at 1:06 pm

    Property Features for 5 Oil Mill Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    AGR
    Lot size
    1.44 Acres

    Building Details

    Architectural style
    Other

    COVINGTON REALTY & AUCTION, LLC (901) 476-8336 [email protected]

    Listing agent Ali C Spoon (901) 476-8336

    Listing date Oct 28, 2025

    MLS# 10208646 Listing URL

    Copyright © 2025 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Covington Land Ready For Building

    This 1.44-acre lot is located in a rural area near Covington, Tennessee. The property is level and ready for construction. Preliminary soil maps have been completed. The property is zoned AGR. Multiple lots are listed for sale.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Tipton
    State
    Tennessee
    Longitude
    -89.631857
    Latitude
    35.576206

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    FAQs

    What type of property is this?
    Land - 1.44 acre lot in Covington, TN ready for building.
    Where is this land located?
    The property is located at 5 Oil Mill Rd Covington, TN.
    What is the asking price?
    The asking price for this property is $40,000.
    What are key features of this property?
    This property features: - Ready-to-build level lot.; - Conveniently located: rural setting close to town.; - Preliminary soil maps completed.
    (901) 476-8336
    Request Owner's contact information
    5 Oil Mill Rd Covington, TN 38019
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    Covington, TN 38019
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    Realmo Value Estimation

    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.

    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.

    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
    5 Oil Mill Rd Covington, TN 38019
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