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    14 Acres with Shop Building Title is generated by Realmo AI

    173 Youth Jersey Road, Covington, GA 30014

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    For Sale
    $749,000

    14-acre tract with shop and equipment storage near Jersey.

    Type:Land or Vacant Lot
    Property size:
    5,000 SF
    Lot size:
    14.00 Acres
    Price / SF:
    $149/SF
    Added:
    Dec 5, 2025
    Days on Market:
    182
    Last Refresh:
    May 10 at 11:21 pm

    Property Features for 173 Youth Jersey Road

    General Information

    Standard status
    Active
    Size
    5,000 SF
    Lot size
    14.00 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    Kevin Witcher

    Listing agent Kevin Witcher License #400273

    Listing office Jackson Realty

    Listing date Dec 5, 2025

    Source Corcoran

    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 Jackson Realty

    HighLights

    • Large 14‑acre tract zoned A‑1, offering rural estate possibilities and potential for division into two tracts.
    • Includes a +/- 5,000 sqft shop building with electrical service, break area, restroom, and rollup utility door.
    • Features a +/- 2,000 sqft open equipment storage building.
    • +/- 340 linear feet of road frontage on Youth Jersey Road with black board fencing.
    • Mixture of open and wooded areas with moderately rolling topography, providing good aesthetic appeal.
    • Located in Walton County School District Zone 5, offering school choice between Walton County and Social Circle districts.

    Overview

    This property features a 14-acre tract of land with A-1, rural estate zoning. It is located on the east side of Youth Jersey Road, approximately 1 mile north of Jersey, 6 miles southwest of Monroe, and 9 miles southeast of Loganville. The site includes approximately 340 linear feet of road frontage on Youth Jersey Road, enhanced by black board fencing. County water is available at the street. The tract, currently part of a larger parcel, offers the potential for division into two tracts, subject to county approval. The land has a moderately rolling topography and includes both open and wooded areas. A 5,000-square-foot shop building is present, constructed with a prefabricated metal frame on a poured concrete slab, enclosed by prefabricated metal panels and roofing panels. The shop has an eave height of approximately 14 feet and a rollup utility door, along with electrical service and a break area with a restroom. Additionally, there is a 2,000-square-foot open equipment storage building on the site. An electrical power line easement is located at the rear of the property. The surrounding area along Youth Jersey Road is characterized by a residential and agricultural setting, featuring custom-built homes on acreage tracts and scattered single-family residential developments. The property falls within Zone 5 of the Walton County School District, allowing students to choose between the Social Circle School District or the Walton County School District. The Walton County schools serving the property are Walnut Grove Elementary School, Youth Middle School, and Walnut Grove High School.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Building Supply HVAC Service Veterinary Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Newton
    State
    Georgia
    Longitude
    -83.8057
    Latitude
    33.7396

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    FAQs

    What type of property is this?
    Agricultural land / Farmland - 14-acre tract with shop and equipment storage near Jersey.
    Where is this agricultural land / farmland located?
    The property is located at 173 Youth Jersey Road Covington, GA.
    What is the asking price?
    The asking price for this property is $749,000.
    What are key features of this property?
    This property features: Large 14‑acre tract zoned A‑1, offering rural estate possibilities and potential for division into two tracts.; Includes a +/- 5,000 sqft shop building with electrical service, break area, restroom, and rollup utility door.; Features a +/- 2,000 sqft open equipment storage building.
    (770) 778-7188
    We can help!
    Listing Contact
    Kevin Witcher
    Real Estate License ID: 400273
    Learn More
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    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.

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