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    Property profile & analytics

    4283 Salem Rd Covington, GA 30016

    • Car washes
    • 2,358 SF
    • 1.51 lot acres
    For Sale
    View listing
    $995,000
    Value Estimation
    Last Sale
    Oct 26, 2021
    $5,161,290
    Location Intelligence
    Property ID
    US22-0274915
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Car washes

    Property Details for 4283 Salem Rd

    Year built
    2021
    Construction
    STEEL FRAME
    Lot size
    1.51 lot acres
    Property size
    2,358 SF
    Property type
    Car washes
    APN
    00130-00000-123-A00
    APU
    0013000000123A00

    Description

    This exceptional 1.31-acre commercial pad-ready site in Covington, Georgia, presents a remarkable investment opportunity. Located at 4283 Salem Road, this property boasts convenient access to major thoroughfares and is situated within a thriving commercial node. The site is zoned for commercial use and is equipped with readily available utilities, making it ideal for immediate development. Its strategic location offers high visibility and accessibility, benefiting from significant traffic volume on Salem Road (20,400 vehicles per day) and Brown Bridge Road (15,100 vehicles per day). The property's proximity to a Publix Shopping Center, with existing access to a traffic light and a planned future light at the nearby Walmart, ensures exceptional exposure to a large customer base. This prime location is further enhanced by its adjacency to numerous established businesses, including McDonald's, Chick-fil-A, Zaxby's, Wendy's, and CVS, creating a synergistic environment for new commercial ventures. The site's location between Covington and Conyers, surrounded by residential development, guarantees a strong and consistent customer base. The asking price for this exceptional property is $995,000. The property's APN is 0013000000123000. This is a rare opportunity to acquire a fully prepared site in a high-traffic, high-growth area.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $5,025,000

    • CAP approach

      CAP return
      Estimation
      6%
      $5,295,000
      6.5%
      $5,465,000
      7%
      $5,255,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,615,000
      Geo Method
      $4,680,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $5,300,000
      Retail
      $5,585,000
      Mixed-Use
      $6,205,000
      Hospitality
      $5,300,000
      Educational
      $4,830,000
      Residential Income
      $5,655,000
      Energy
      $5,225,000
      Income-Based Land
      $5,680,000
      Food Service
      $5,075,000

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Newton
    State
    Georgia
    Longitude
    -83.9633
    Latitude
    33.576
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $24,655
    $236,440
    $672,200
    $908,640
    -
    $591,100
    $1,680,500
    $2,271,600

    Comparable in this City

    • Value Estimation
      $280,000
      2,160 SF

      11280 Brown Brg Rd

      CAR WASH • 2,160 SF
      11280 Brown Brg Rd, Covington, GA 30016-3389
      View Details
    • Value Estimation
      $600,000
      7,680 SF

      3900 Salem Rd

      AUTO REPAIR, GARAGE • 7,680 SF
      3900 Salem Rd, Covington, GA 30016-4529
      View Details
    • Value Estimation
      $505,000
      6,720 SF

      12882 Brown Brg Rd

      AUTO REPAIR, GARAGE • 6,720 SF
      12882 Brown Brg Rd, Covington, GA 30016-2962
      View Details
    • Value Estimation
      $400,000
      4,000 SF

      11507 Brown Brg Rd

      AUTO REPAIR, GARAGE • 4,000 SF
      11507 Brown Brg Rd, Covington, GA 30016-3397
      View Details
    • Value Estimation
      $295,000
      1,800 SF

      793 Hwy 162

      AUTO REPAIR, GARAGE • 1,800 SF
      793 Hwy 162, Covington, GA 30016-5191
      View Details
    • Value Estimation by Request
      1,788 SF

      2070 Hwy 81st S

      AUTO REPAIR, GARAGE • 1,788 SF
      2070 Hwy 81st S, Covington, GA 30016-4694
      View Details

    Similar Nearby for Sale

    • $995,000
      1.31 Acres

      Covington, GA Pad-Ready Site

      1.31 Acres, Prime Commercial Location
      4283 Salem Rd, Covington, GA 30016
      View Details
    • $477,600
      31.84 Acres

      Georgia Farmland: 31.84 Acres

      Prime Newton County acreage, Yellow River frontage.
      0 Rocky Plains Rd, Covington, GA 30016
      View Details
    • $3,500,000
      153.00 Acres

      Covington, GA Commercial Land

      153 Acres, Prime Development Site
      162 Hwy 212 & Hwy, Covington, GA 30016
      View Details
    • $69,999
      0.42 Acres

      Ready-to-Build Corner Lot

      Spacious corner lot ready for construction in Covington, Georgia.
      245 Camerons Way, Covington, GA 30016
      View Details
    • $125,000
      0.49 Acres

      Commercial Lot Near Kroger

      Commercial land for sale near Hwy 20/212 in Covington.
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    • $215,000
      2.45 Acres

      Covington Multifamily Investment Opportunity

      2.45-acre property with three income-generating units and development potential.
      940 Mote Rd, Covington, GA 30016
      View Details

    Similar Nearby for Lease

    • New
      $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
    • New
      $2,100 /Mo
      111,949 SF

      Versatile Industrial Space Near I-20

      1,500 SF industrial suite in Covington, near I-20.
      40 Chamisa Rd, Covington, GA 30016
      View Details
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    Covington, GA 30016
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    Realmo Value Estimation

    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.

    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.

    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
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