Two-Story Office
1143 College Avenue SE, Covington, GA 30014
For Sale
New
$850,000
Commercial Sale, Covington, GA
Property Size4,028 SF
Lot Size0.10 Acres
Price / SF$211.02
Days on Market4
Property Features for 1143 College Avenue SE
General Information
Property type
Property subtype
Parking features
Lot features
Directions
Standard status
APN
Size
Lot size
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
conference room
storage areas
Building Details
Year built
Building materials
Buildings
Listing Agency:
Virtual Realty
Listed By:
Jeff Vines · License GA #217208
(404) 425-3645
Added: Nov 9
Changed: Nov 11
Last Checked: Nov 12 at 6:06AM
MLS# 10887820
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,028-square-foot office property in downtown Covington was built in 1823 and is currently occupied by an accounting office. The two-story layout includes three offices and a large conference room on the first floor, with four additional offices and another conference room upstairs. Four bathrooms and storage areas are also included. The parcel measures 0.1 acres and has a parking lot, with additional on-street parking available. Public water and sewer serve the property.
Key Highlights
- 4,028‑square‑foot office building on a 0.1‑acre parcel
- Two floors with three first‑floor offices and four upstairs offices
- A conference room on each floor, including a large first‑floor room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,939
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,078,780
$1.1M
Cap Rate 7%
$770,557
$770.6K
Cap Rate 9%
$599,322
$599.3K
Market Conditions
NOI Build-Up for 4,028 SF
Gross rent
$96.1K $23.87/SF
− Vacancy
−$24.2K −$6.02/SF
EGI
$71.9K $17.85/SF
− OpEx
−$18.0K −$4.46/SF
NOI
$53.9K $13.39/SF
Area
Newton County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,078,780
Cap Rate 7%
$770,557
Cap Rate 9%
$599,322
Alternative Uses
Best Use
Office B
$770.6K
$674.2K – $899.0K
NOI $53,939 @ 7.0% cap · market cap 6.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$985.2K – $1.31M
NOI $78,819 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,408
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - The two-level layout includes private offices, conference rooms, four bathrooms, and storage areas.
Where is this office building located?
The property is located at 1143 College Avenue SE Covington, GA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 4,028‑square‑foot office building on a 0.1‑acre parcel; Two floors with three first‑floor offices and four upstairs offices; A conference room on each floor, including a large first‑floor room
