Financial
Distress signals
Property profile

975 Highway 51 S Covington, TN 38019

FOR SALE
Other retail properties
Property ID
US80-0922958
71,078 SF 11.44 ac lot Built 1990
Last sale Aug 2023 · $4,700,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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975 Highway 51 S, Covington, TN 38019 For Sale
$4,655,000 71,078 SF
975 Highway 51 S, Covington, TN 38019
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Property summary

AI-generated overview

This retail property features a second-floor mezzanine that includes office and storage areas and was renovated in 2023 with newly installed HVAC units. It is located on a major retail thoroughfare with access to pylon signage opportunities and visibility from the roadway. The site is positioned within a shopping center setting that includes national and regional tenants such as Tractor Supply Co., Bealls, Dollar Tree, and Five Below. The property is near Ford’s Blue Oval City project and is situated along US 51 N, which has documented traffic counts of 12,539 AADT.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$16k
Tax billed · 2022
Assessed value · 2023$1.04M
Assessed land$219k
Assessed improvement$824k
Effective rate1.51%

Value estimate

· Sep 2026
$4.66M
$4.19M – $5.12M
AI approach$4.03M
Sales comparison$3.74M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$59/SF
ZIP average, outlier-cleaned · 41 recorded sales of this use type
Observed band · Q1–Q3$28 – $94

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionTIPTON

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency11.0
Building Supply9.2
Wholesale Shop9.1

Location

975 Highway 51 S Covington, TN 38019
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
899 Hwy 51, Covington, TN 38019 $1,057,667 Jan 2026 8,582 SF
106 Liberty, Covington, TN 38019-2510 $225,000 Aug 2024 3,818 SF
Hwy 51st N, Covington, TN 38019 $285,000 Mar 2024 6,500 SF
111 Munford, Covington, TN 38019-2527 $150,000 Feb 2024 3,450 SF
619 Hwy 51st S, Covington, TN 38019-2427 $257,000 Dec 2023 11,136 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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