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Property profile & analytics
OFF-MARKET
Estimated value
$1,690,000
Grocery and convenience stores
101 Hwy 51st N Covington, TN 38019-2358
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-1389220
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,972 SF
Lot
0.76 ac (33,180 SF)
APN
084041B G 00900
UPID
US80-1389220
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.62M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.69M
Owner & transaction history
Adam Alabdi Holdings LLC · 2 yrs held
Adam Alabdi Holdings LLC
since 2024
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Covington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Covington submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,745,000
ML approach
$1,615,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.69M
Range $1.52M – $1.86M · ±10% · vs last sale $1.70M (Jun 10 2022)
Last sale anchor
$1.70M
Jun 10 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$425 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$6,077
Tax year 2022
Assessed value
$200,680
Assessed 2023
Previous assessed
$185,200
+8.4% YoY
Effective rate
3.03%
On assessed value
Assessed land
$35,480
Assessed improvement
$165,200
Land market value
$88,700
Improvement market value
$413,000
Total market value
$501,700
Applied tax rate
84.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
3,972 SF
Lot
0.76 ac (33,180 SF)
APN
084041B G 00900
UPID
US80-1389220
Jurisdiction
TIPTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.76 ac
Current owner
From public records · entity-resolved
Adam Alabdi Holdings LLC
Entity
Mailing address
30 GREENVIEW CIR, BOLIVAR, TN 38008-8335
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2024
$140,000
Adam Alabdi Holdings LLC
Phu Duong
Warranty Deed
$112,000 · The Bank Of Fayette County
Jun 10, 2022
$1,700,000
Adam Al Abdi Holdings LLC
Fastimes 4 Partnership
Warranty Deed
$1,360,000 · Centennial Bank
May 3, 2022
$110,000
Phu Duong
William Townsend
Warranty Deed
$95,560 · Bank Of Ripley
Sep 20, 2017
—
Fastimes 4 Ptshp
Penny Ptshp
Quit Claim Deed
related
—
Jul 21, 2017
—
Fastimes 4 Partnership
—
Deed
related
$354,363 · Insouth Bank
Sep 2, 2010
—
Judith Wooten
Wooten,judith & Nancy
Quit Claim Deed
related
—
May 14, 2009
—
Judith Wooten
Wooten,judith
Quit Claim Deed
related
—
Dec 6, 2002
$7,180
State Of Tennessee
Wooten,nancy Etal
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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