Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    10147 Industrial Dr NE Covington, GA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    13,728 SF industrial building with direct I-20 visibility.

    Type:INDUSTRIAL
    Property size:
    13,728 SF
    Lot size:
    1.14 Acres
    Added:
    Aug 6, 2025
    Days on Market:
    267
    Last Refresh:
    Apr 5 at 9:35 pm

    Property Features for 10147 Industrial Dr NE

    General Information

    Standard status
    Active
    Size
    13,728 SF
    Lot size
    1.14 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 10147 Industrial Dr NE Contact us

    We can help!

    Listing Contact
    George Hart

    Listing agent George Hart

    Listing office Hughes Commercial Real Estate, Inc.

    Listing date Aug 6, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Hughes Commercial Real Estate, Inc.

    Overview

    Covington Industrial Building with Visibility

    This 13,728 square foot industrial building features approximately 1,200 square feet of office space and approximately 12,528 square feet of warehouse space. The entire building is air conditioned and has a 16-foot ceiling height. Loading and access are facilitated by one dock-high door, three 16-foot by 14-foot drive-in doors, and one 12-foot by 14-foot drive-in door. The property is zoned M1 for light industrial use and offers direct visibility from I-20, with traffic counts of approximately 58,000 vehicles per day. The location is approximately 0.7 miles from I-20 (Exit 92), approximately 40 miles from Hartsfield-Jackson International Airport, approximately 42 miles from the Norfolk Southern Intermodal, and approximately 130 miles from the Appalachian Regional Port.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Building Supply Dental Office Auto Repair Shop Hair Salon Big Box & Wholesale Store Pharmacy

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

    Similar Places Nearby

    • Extra Space Storage — 8160 Old City Pond Rd, Covington, GA 30014

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Newton
    State
    Georgia
    Longitude
    -83.8367
    Latitude
    33.6144

    Nearby Similar for Lease

    • $750/Mo

      Historic Office Space in Covington

      Prime commercial space in Covington's walkable, dynamic historic district.
      2175 Emory Street NW, Covington, GA 30014
      View Details
    • $2,800/Mo

      Historic Covington Commercial Space Available

      Versatile 2,230 SF space in the heart of Covington.
      2175 Emory Street NW, Covington, GA 30014
      View Details
    • $9 SF/Yr

      Office and Warehouse Space Available

      Flex space with office, warehouse, and dock door access.
      Covington , GA 30014
      View Details
    • $2,800/Mo

      Covington Commercial Space Available

      Commercial space for rent in Covington, Georgia.
      4165 Raphael ST, Covington, GA 30014
      View Details
    • $2,100/Mo

      Retail Space Available For Rent

      Retail space for rent in Covington, Georgia.
      40 Chamisa RD 44, Covington, GA 30016
      View Details
    • $9 SF/Yr

      Flex Space with Office

      Flex space featuring office, grade-level doors, and dock door.
      9153 Hazelbrand Road, Covington , GA 30014
      View Details
    • Contact for pricing

      Modern Distribution Facility Ready Now

      Class A distribution space available near I-20 in Covington, GA.
      14138 Lake Forest Court NE, Covington, GA 30014
      View Details
    • Contact for pricing

      Modern Distribution Facility Ready

      Class A distribution facility with office space available for lease.
      14138 Lake Forest Court NE, Covington, GA 30014
      View Details
    • $500/Mo

      Professional Office Suites For Rent

      Individual office suites and co-working spaces available in Covington, GA.
      2180 NE Elm Street NE, Covington, GA 30014
      View Details
    • Contact for pricing

      Healthcare Property for Lease

      Healthcare property available for lease in Covington, GA.
      3241 Iris Dr, Covington, GA 30016
      View Details
    • Contact for pricing

      Industrial Space with Dock Doors

      40,000 SF industrial space featuring dock and drive-in doors.
      Covington, GA 30014
      View Details
    • Contact for pricing

      Modern Distribution Facility Ready

      Class A distribution space available near I-20 and Rivian.
      14138 Lake Forest Court NE, Covington, GA 30014
      View Details

    FAQs

    What type of property is this?
    Warehouse - 13,728 SF industrial building with direct I-20 visibility.
    Where is this warehouse located?
    The property is located at 10147 Industrial Dr NE Covington, GA.
    What are key features of this property?
    This property features: Direct visibility from I‑20 with high traffic count.; Convenient access to I‑20, just a short drive to Exit 92.; **Fully air conditioned warehouse space offering approximately 12,528 SF.**
    (770) 658-9002 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    George Hart
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!