Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    14138 Lake Forest Ct NE Covington, GA 30014

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Class A distribution space available near I-20 and Rivian.

    Property size:
    258,748 SF
    Lot size:
    258,748 SF

    Property Features for 14138 Lake Forest Ct NE

    General Information

    Size
    258,748 SF

    Building Details

    Year built
    2023

    We can help!

    Listing Contact
    Matt Bentley
    Source: Naiglobal

    Listing Agent: Matt Bentley

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

    Learn more

    Property Insight Report

    Overview

    Modern Distribution Facility Ready

    This modern, Class A distribution facility offers between 48,265 and 96,529 square feet of readily occupiable space, including 3,027 square feet of office area. The rear-load building totals 258,748 square feet and is LEED certified. It features a 32' clear height, ESFR sprinkler system, and a 6" thick 4,000 PSI concrete floor slab with a 10 mil vapor barrier. The property includes 21 (9'x10') dock-high doors, 103 parking spaces, and 27 trailer parks. The truck court depth measures 185', and the building depth is 310'. Electrical capacity is 2,000 AMP and is upgradeable. Zoned M2 (Heavy Industrial) within the City of Covington, the facility is conveniently located 1.2 miles from GA Highway 142 and 1.3 miles from I-20, offering great access to East Coast Ports of Savannah and Charleston. It is also situated 10 miles from the Rivian Mega Site, 28 miles from I-285 via I-20, and 35 miles from Hartsfield-Jackson Atlanta International Airport.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Newton
    State
    Georgia
    Longitude
    -83.816388
    Latitude
    33.604896

    Nearby Similar for Lease

    • $4,000 /Mo
      2,262 SF

      Historic Covington Commercial Space For Rent

      Versatile 2,262 SF space in the heart of Covington.
      2175 Emory St NW, Covington, GA 30014
      View Details
    • $3,500 /Mo
      3,000 SF

      Versatile Commercial Space in Covington

      Adaptable commercial building suitable for various business needs.
      3143 NE Mill St, Covington, GA 30014
      View Details
    • $500 /Mo
      4,483 SF

      Professional Office Suites For Rent

      Individual office suites and co-working spaces available in Covington, GA.
      2180 NE Elm St NE, Covington, GA 30014
      View Details
    • New
      $2,100 /Mo
      111,949 SF

      Industrial Space Near I-20

      Versatile industrial space in Covington, minutes from I-20.
      40 Chamisa Rd, Covington, GA 30016
      View Details
    • $2,100 /Mo
      1,500 SF

      Covington Industrial Flex Space Available

      Versatile 1,500 SF industrial space in Covington, GA for lease.
      40 Chamisa Rd, Covington, GA 30016
      View Details
    • $2,800 /Mo
      47,045 SF

      Historic Covington Commercial Space Available

      Versatile 2,230 SF space in the heart of Covington.
      2175 Emory St NW, Covington, GA 30014
      View Details
    • $750 /Mo
      47,045 SF

      Historic Office Space in Covington

      Prime commercial space in Covington's walkable, dynamic historic district.
      2175 Emory St NW, Covington, GA 30014
      View Details
    • $3,000 /Mo
      3,000 SF

      Versatile Commercial Space in Covington

      3,000 sq ft commercial space suitable for office and warehouse.
      8125 Industrial Way NE, Covington, GA 30014
      View Details
    • Contact for pricing
      188,699 SF

      Modern Industrial Warehouse Space Available

      60,575 SF warehouse space ideal for distribution or manufacturing.
      12101 Harland Dr NE, Covington, GA 30014
      View Details
    • Contact for pricing
      13,728 SF

      Covington Industrial Building with Visibility

      13,728 SF industrial building with direct I-20 visibility.
      10147 Industrial Dr NE, Covington, GA 30014
      View Details
    • Contact for pricing
      62,851 SF

      Industrial Warehouse Space Available

      62,851 SF industrial warehouse space for lease.
      14161 Lake Forest Ct, Covington, GA 30014
      View Details
    • Contact for pricing

      Industrial Outdoor Storage Available

      Industrial outdoor storage with secured, lit, and fenced space.
      1597 Access Rd, Covington, GA 30014
      View Details

    FAQs

    What type of property is this?
    Distribution center - Class A distribution space available near I-20 and Rivian.
    Where is this distribution center located?
    The property is located at 14138 Lake Forest Ct NE Covington, GA.
    What are key features of this property?
    This property features: - **Ready for Occupancy: 48,265 - 96,529 SF Available Now**; - Modern, Class A, Rear-Load Distribution Facility; - Excellent Location: 1.3 Miles to I-20, Great Access to East Coast Ports
    (404) 812-4079
    Request Owner's contact information
    14138 Lake Forest Ct NE Covington, GA 30014
    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.
    14138 Lake Forest Ct NE
    Covington, GA 30014
    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
    14138 Lake Forest Ct NE Covington, GA 30014
    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

    We can help!
    Listing Contact
    Matt Bentley
    (404) 812-4079
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.