Renovated Commercial Building in
5211 Adams Street NE, Covington, GA 30014
SINGLE_FAMILY - Covington, GA
Type:Office
Property size:
1,476 SFLot size:
0.29 AcresPrice / SF:
$229/SF- Added:
- Feb 28, 2026
- Days on Market:
- 83
- Last Refresh:
- May 22 at 10:06 am
Property Features for 5211 Adams Street NE
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- C1
- Parking
- 3
- Parking features
- Parking Lot
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- Size
- 1,476 SF
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2681
Utilities
- Utilities
- Cable Available
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1939
- Floors in Building
- 1
- Flooring type
- Hardwood
- Building materials
- Vinyl Siding
Listing agent Karin Ochoa License #387040 (404) 876-4901
Listing office HomeSmart 10900 Crabapple Road, Atlanta, GA (404) 876-4901
Listing date Feb 28, 2026
MLS# 7726645
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.
HighLights
- Prime commercial zoning in Historic Covington, one block from Piedmont Newton Hospital.
- Move‑in ready, turnkey condition with recent renovations including new roof, heating system, flooring, and carpeting.
- Flexible floor plan suitable for single or dual occupancy with two private entrances.
- Ample parking accessible from both Adams Street and Hazel Street.
- Fully handicap accessible.
- Includes reception area, break room, two full bathrooms, and four private rooms/offices.
Overview
This commercially zoned office building is located in the heart of Historic Covington, one block from Piedmont Newton Hospital. The property offers convenience, visibility, and accessibility. Zoned commercial, this property is ready for immediate business use. The flexible floor plan is suited for a single medical practice or two separate practitioners, and features two private entrances that allow for independent office setups. It is also well-suited for a real estate firm, professional services, or general office space. Accessible from both Adams Street and Hazel Street, the building provides ample parking on both sides. Recent improvements include a new roof, new heating system, new flooring, and new carpeting. The building has a reception area, break room, two full bathrooms, and four private rooms that can function as offices or exam rooms. The building is fully handicap accessible. The property contains 1476 square feet and sits on a 0.29-acre lot.
Financial Insights
Value Estimation Calculated for Healthcare Medical
Conservative
$237.8K
NOI $21,401 @ 9.00% cap · cautious / downside scenario
Moderate
$305.7K
NOI $21,401 @ 7.00% cap · market / base-case scenario
Aggressive
$428.0K
NOI $21,401 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Healthcare Medical
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.9k | $27.00 |
| − Vacancy | −$4.2k | −$2.84 |
| EGI | $35.7k | $24.17 |
| − OpEx | −$14.3k | −$9.67 |
| NOI | $21.4k | $14.50 |
1,476 SF · lease $27.00/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Use Scenarios
Best Use
Healthcare Medical
$305.7K
$267.5K – $356.7K
NOI $21,401 @ 7.0% cap · market cap 6.31%
Second Best
Office B
$282.4K
$247.1K – $329.4K
NOI $19,765 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$412.6K
$361.0K – $481.4K
NOI $28,882 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar Places Nearby
- Vet Vaccinations Clinic at Tractor Supply Co. — 10161 Lochridge Blvd, Covington, GA 30014
- Animal Medical Of Covington — 7120 Industrial Blvd, Covington, GA 30014
- Animal Medical of Covington: Miller Shannon DVM — 7120 Industrial Blvd, Covington, GA 30014
- Dr. Dianna Doss — 5294 Adams St, Covington, GA 30014
- Hometown Vets Covington — 5294 Adams St, Covington, GA 30014
Location Insight
- Map
- Local Demand
- City
- Covington
- County
- Newton
- State
- Georgia
- Longitude
- -83.8442344
- Latitude
- 33.5989384
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Commercially zoned, renovated office building near Piedmont Newton Hospital.
Where is this medical office space located?
The property is located at 5211 Adams Street NE Covington, GA.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Prime commercial zoning in Historic Covington, one block from Piedmont Newton Hospital.; Move‑in ready, turnkey condition with recent renovations including **new roof, heating system, flooring, and carpeting.**; Flexible floor plan suitable for single or dual occupancy with two private entrances.
