Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Pickett Brg Rd Rd Covington, GA 30016
    Property profile & analytics

    Pickett Brg Rd Rd Covington, GA 30016

    View on Map
    • Industrial properties
    • 6.55 lot acres
    For Sale
    $849,900
    View Listing →
    Prime Covington Industrial Land For Sale
    $849,900

    Prime Covington Industrial Land

    6.55 Acres, Hwy 212 Frontage

    Porterdale, GA 30016
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for Pickett Brg Rd Rd

    Year built
    1980
    Lot size
    6.55 lot acres
    Property type
    Industrial properties

    Description

    This exceptional 6.55-acre commercial land parcel presents a significant investment opportunity in Covington, Georgia. Boasting an impressive 1644 feet of frontage on Highway 212 and an additional 429 feet of frontage on Pickett Bridge Road, this property offers unparalleled visibility and accessibility. The strategic location ensures high traffic counts and excellent exposure for any commercial venture. The property is zoned CG, allowing for a wide range of commercial uses, including but not limited to offices, retail stores, and storage units. The expansive acreage provides ample space for development, accommodating various project scales and designs. This versatile land is ideal for businesses seeking a prominent location with significant road frontage in a thriving community. The substantial size and prime location make this property a rare find in the Covington market, presenting a unique opportunity for substantial return on investment. Its strategic positioning along two major roadways ensures easy access for customers and employees alike. The CG zoning designation opens doors to a multitude of commercial possibilities, catering to a diverse range of business needs. Serious inquiries are encouraged to explore the potential of this exceptional commercial land offering. Don't miss this chance to secure a prime location for your next commercial endeavor.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Newton - GA
    State
    Georgia
    Longitude
    -83.8463
    Latitude
    33.4612

    Comparable in this City

    • Value Estimation by Request
      4,000 SF

      35 Juniper Ct

      INDUSTRIAL (GENERAL) • 4,000 SF
      35 Juniper Ct, Covington, GA 30016-1187
      View Details
    • Value Estimation by Request
      0.01 Acres

      505 Oak Hl Rd

      INDUSTRIAL (GENERAL) • 0.01 Acres
      505 Oak Hl Rd, Covington, GA 30016-4213
      View Details
    • Value Estimation by Request
      8.62 Acres

      Brown Bridge Rd

      Farms • 8.62 Acres
      0 Brown Bridge Rd, Covington, GA 30016
      View Details
    • Value Estimation by Request
      161.26 Acres

      505 Oak Hl Rd

      INDUSTRIAL (GENERAL) • 161.26 Acres
      505 Oak Hl Rd, Covington, GA 30016-4213
      View Details
    • Value Estimation
      $825,000
      12,000 SF

      40 Chamisa Rd

      INDUSTRIAL (GENERAL) • 12,000 SF
      40 Chamisa Rd, Covington, GA 30016-1167
      View Details
    • Value Estimation
      $645,000
      9,920 SF

      50 Chamisa Rd

      INDUSTRIAL (GENERAL) • 9,920 SF
      50 Chamisa Rd, Covington, GA 30016-8867
      View Details

    Similar Nearby for Sale

    • $849,900
      6.55 Acres

      Prime Covington Industrial Land

      6.55 Acres, Hwy 212 Frontage
      Pickett Brg Rd Rd, Covington, GA 30016
      View Details
    • Contact for pricing

      Land Ready for Development

      Prime land in up-and-coming Covington, Georgia, ready for development.
      162 & Dry Pond, Covington, GA 30016
      View Details
    • $1,000,000

      10 Acres Land For Sale

      Two tracts of land totaling approximately 10 acres.
      3789 Salem Rd, Covington, GA 30016
      View Details
    • $795,000
      Pending

      Covington Commercial Land For Sale

      17.39 acre commercial land in Covington, Georgia.
      2601 Access Rd, Covington, GA 30016
      View Details
    • $68,000
      3.36 Acres

      Land in Covington, Georgia

      3.3 acre lot in Covington, GA, ready to build.
      Old Covered Brg Rd, Covington, GA 30016
      View Details
    • $87,900
      2.00 Acres

      Two Acre Residential Land Opportunity

      Two acre lot in established community near Covington, Georgia.
      Pickett Bridge Rd, Covington, GA 30016
      View Details

    Similar Nearby for Lease

    • $2,100 /Mo

      Retail Space Available For Rent

      Retail space for rent in Covington, Georgia.
      40 Chamisa Rd, Covington, GA 30016
      View Details
    • Contact for pricing
      11,552 SF

      Healthcare Property for Lease

      Healthcare property available for lease in Covington, GA.
      3241 Iris Dr, Covington, GA 30016
      View Details
    View Listing
    Request Owner's contact information
    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.
    Pickett Brg Rd Rd
    Covington, GA 30016
    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
    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

    Thank You for Inquiry
    Pickett Brg Rd Rd, Covington, GA, 30016
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!