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5129 Washington Street #1, Covington, GA 30014
Office complex offering additional space with water, power, and internet included in rent.
Property Size2,026 SF
Price / SF$6
Days on Market57
Property Features for 5129 Washington Street #1
General Information
Standard status
Active
Size
2,026 SF
Property subtype
Commercial
Amenities
0.24 acres, Business Park, Corner Lot
Composition
Public Sewer
Parcel Number: C034000040001000
Central Air
Central
Listing ID: 10830633, Standard Status: Active, MLS Status: Active, On market as of 2026-08-21, 54 days on market
Parking Lot, Paved
Built in 2026, Construction Materials: Brick
County/Parish: Newton
New Construction
Cable Available, Electricity Available, High Speed Internet, Sewer Available, Underground Utilities, Water Available, Water Source: Public
Building Details
Building Size
2,026 SF
Year Built
2026
Listing Agency:
Pinnacle Realtors
(770) 787-4028
Listed By:
Tonya Bullard · License #210554
(678) 898-0931
Source:
Blackstreaminternational
Added: Aug 21
Changed: Oct 15
Last Checked: Oct 15 at 1:16AM
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 Pinnacle Realtors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office complex was built in 2026 and includes multiple office units, with additional space available for businesses seeking room within the property. The office setting is supported by water, power, and internet included in the rent.
The property is located at 5129 Washington Street, Unit 1, in Covington, Georgia. Its unit-based configuration and included services provide a straightforward option for office users evaluating available space.
The property is located at 5129 Washington Street, Unit 1, in Covington, Georgia. Its unit-based configuration and included services provide a straightforward option for office users evaluating available space.
Key Highlights
- 2026‑built office complex
- Additional office space available
- Rent includes water, power, and internet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,339
Suggested Prices Based on Cap Rates
Cap Rate 5%
$26,780
$26.8K
Cap Rate 7%
$19,129
$19.1K
Cap Rate 9%
$14,878
$14.9K
Market Conditions
NOI Build-Up for 100 SF
Gross rent
$2.4K $23.87/SF
− Vacancy
−$602 −$6.02/SF
EGI
$1.8K $17.85/SF
− OpEx
−$446 −$4.46/SF
NOI
$1.3K $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%
$26,780
Cap Rate 7%
$19,129
Cap Rate 9%
$14,878
Alternative Uses
Best Use
Office B
$19.1K
$16.7K – $22.3K
NOI $1,339 @ 7.0% cap · market cap 223.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$28.0K
$24.5K – $32.6K
NOI $1,957 @ 7.0% cap · market cap 326.17%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
360
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Office complex offering additional space with water, power, and internet included in rent.
Where is this office units located?
The property is located at 5129 Washington Street #1 Covington, GA.
What are key features of this property?
This property features: 2026‑built office complex; Additional office space available; Rent includes water, power, and internet
