Signalized Corner Commercial
For Sale
$495,000
10533 Flat Shoals Road, Covington, GA 30014
COMMERCIAL - Covington, GA
Property Size1,456 SF
Lot Size1.90 Acres
Price / SF$339.97
Days on Market105
Property Features for 10533 Flat Shoals Road
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Corner Lot, Level
Directions
GPS
Standard status
Active
APN
0064B00000046000
Size
1,456 SF
Lot size
1.90 Acres
Taxes and HOA fees
Tax Year
25
Tax Annual Amount
2450
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1963
Building materials
Brick
Listing Agency:
Georgia Premier RE Advisors
(706) 363-0099
Listed By:
Matthew L Smith
(706) 340-4724
Added: Apr 23
Changed: Aug 4
Last Checked: Aug 5 at 6:06PM
MLS# 10757237
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1.898-acre commercial land parcel occupies the corner of Flat Shoals Road and Covington Bypass in Covington, Georgia. The relatively flat site includes an existing 1,456-square-foot brick home built in 1963, which may be adapted for office or commercial use, or removed for new construction. The property has been recently surveyed and is currently zoned residential, with commercial or retail redevelopment subject to rezoning and local approvals.
Frontage totals approximately 200 feet along Flat Shoals Road and more than 400 feet on Covington Bypass. The tract is positioned at a fully signalized intersection and offers access from multiple directions. Public water and public sewer serve the property, and utilities are available. Its corner configuration and existing improvements provide multiple redevelopment paths within the established Covington commercial corridor.
Frontage totals approximately 200 feet along Flat Shoals Road and more than 400 feet on Covington Bypass. The tract is positioned at a fully signalized intersection and offers access from multiple directions. Public water and public sewer serve the property, and utilities are available. Its corner configuration and existing improvements provide multiple redevelopment paths within the established Covington commercial corridor.
Key Highlights
- 1.898‑acre tract at Flat Shoals Road and Covington Bypass
- Approximately 200 feet of frontage on Flat Shoals Road
- Over 400 feet of frontage on Covington Bypass
Financial Insights For Retail
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.0k | $21.96 |
| − Vacancy | −$2.7k | −$1.87 |
| EGI | $29.3k | $20.09 |
| − OpEx | −$8.8k | −$6.03 |
| NOI | $20.5k | $14.07 |
1,456 SF · lease $21.96/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$292.6K
$256.0K – $341.3K
NOI $20,479 @ 7.0% cap · market cap 4.14%
Second Best
Office B
$278.5K
$243.7K – $325.0K
NOI $19,497 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$407.0K
$356.1K – $474.9K
NOI $28,491 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
117
Businesses Nearby
Explore this area
Business Placement
Demographics for 30014, GA
39,247
Population
16,159
Households
2.4
Avg Household Size
39
Median Age
24%
College-Educated
86%
High-School Grad
120.7 sq mi
ZIP Area
325
Density / Sq Mi
$71,055
Median Household Income
$37,714
Median Earnings
$1,199
Median Rent
$253,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Corner tract with public water and sewer, existing brick improvements, and redevelopment potential subject to rezoning and approvals.
Where is this commercial land located?
The property is located at 10533 Flat Shoals Road Covington, GA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 1.898‑acre tract at Flat Shoals Road and Covington Bypass; Approximately 200 feet of frontage on Flat Shoals Road; Over 400 feet of frontage on Covington Bypass
