Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Covington Industrial Building with Offices Title is generated by Realmo AI

    1000 JETTON Dr, Covington, TN 38019

    View on Map
    Claim this Listing
    For Sale
    $1,100,000

    COMMERCIAL - Covington, TN

    Property size:
    20,000 SF
    Price / SF:
    $55/SF
    Added:
    May 25, 2025
    Days on Market:
    369
    Last Refresh:
    May 28 at 3:06 pm

    Property Features for 1000 JETTON Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    20,000 SF

    Taxes and HOA fees

    Tax Annual Amount
    2231

    Building Details

    Year built
    1999

    We can help!

    Listing Contact
    Keith Morris
    Keith Morris

    Listing agent Keith Morris

    Listing office Morris and Morris 16945 Hwy 64, Somerville, TN

    Listing date May 25, 2025

    MLS# 10197509

    Copyright © 2026 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.

    HighLights

    • 20,000 SF industrial building
    • Benefit from a 24 Ft eave height
    • Truck dock and drive‑in ramp
    • Large level lot with room for expansion and extra parking
    • Three‑phase electricity
    • Includes approximately 3,000 SF of office space

    Overview

    This is a 20,000 square foot industrial building featuring a 24-foot eave height. The property includes a truck dock and a drive-in ramp leading to the shop area. There are approximately 1,500 square feet of office space on both the first and second floors. The property features a large, level lot that offers room for expansion and additional parking. A railroad track is located just east of the building, within the industrial park. The building is equipped with three-phase electricity. An existing 30-ton bridge crane is positioned over half of the shop floor.
    Property Profile Location Intelligence

    Current Use by Public Records

    Briadco Tool & Machine ... Industrial Manufacturer

    Suggested Use

    Law Firm Building Supply Big Box & Wholesale Store Auto Parts Store Storage Facility Garden Center Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Tipton
    State
    Tennessee
    Longitude
    -89.61235
    Latitude
    35.621885

    Nearby Similar for Sale

    • $399,000
      2,000 SF

      Medical Building with Exam Rooms

      Medical building featuring multiple exam rooms and ample parking.
      1721 Highway 51 S, Covington, TN 38019
      View Details
    • $990,000
      23,486 SF

      Covington Commercial Buildings on 7 Acres

      23,486 SF commercial buildings on 7 acres for sale.
      2425 Rialto Road, Covington, TN 38019
      View Details
    • $710,000
      9,040 SF

      Retail and Restaurant Investment Opportunity

      Retail and restaurant spaces for sale in Covington, Tennessee.
      928 Hwy 51 S, Covington, TN 38019
      View Details
    • $5,149,928
      72,554 SF

      Covington Shopping Center Retail Opportunity

      72,000 SF three-tenant shopping center with development potential.
      975 Highway 51 South Covington, TN, Covington, TN 38019
      View Details
    • $2,500,000
      126,585 SF

      126,585 SF Industrial Facility

      Industrial facility on 16.48 acres in Covington, TN.
      190 Mill Rd, Covington, TN
      View Details
    • $399,000

      Medical Building with Exam Rooms

      Medical building featuring multiple exam rooms and dedicated parking.
      1721 Highway 51 S, Covington, TN 38019
      View Details
    • $500,000
      7,154 SF

      Commercial Building in Covington, TN

      Commercial building and business for sale near Ford Blue Oval.
      217 US-51, Covington, TN
      View Details
    • $159,000
      2,900 SF

      Small Warehouse & Office Opportunity

      Warehouse and office space with good visibility and access.
      821 East St, Covington, TN
      View Details
    • Contact for pricing
      20,000 SF

      Covington Warehouse with Office Space

      20,000 SF warehouse with 2,000 SF office on 1.30 AC.
      250 Menefee St, Covington, TN
      View Details
    • $2,900,000
      149,512 SF

      Economy Hotel Tennessee Portfolio

      Two unencumbered economy hotels in Tennessee, totaling 175 guestrooms.
      112 US-51, Covington, TN 38019
      View Details
    • $187,500

      Commercial Building with New HVAC

      Commercial building featuring new HVAC, alarm system, and parking.
      1031 HWY 51 Hwy, Covington, TN 38019
      View Details
    • $95,000
      2,400 SF

      Covington Warehouse/Retail Opportunity

      2400 SF warehouse near Covington's old Railroad station.
      65 MENEFEE St, Covington, TN 38019
      View Details

    FAQs

    What type of property is this?
    Industrial property - 20,000 SF industrial building with expansion potential.
    Where is this industrial property located?
    The property is located at 1000 JETTON Dr Covington, TN.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: 20,000 SF industrial building; Benefit from a 24 Ft eave height; Truck dock and drive‑in ramp
    (901) 497-6997
    We can help!
    Listing Contact
    Keith Morris
    Keith Morris
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1000 JETTON Dr, Covington, TN 38019
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!