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Property profile & analytics
OFF-MARKET
Estimated value
$1,935,000
Warehouses
10161 Industrial NE Dr Covington, GA 30014-1494
Entity Owned
5-yr Hold
Free & Clear
Property ID
US22-0849488
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1989
Construction
STEEL FRAME
Total area
37,500 SF
Lot
1.69 ac (73,616 SF)
Zoning code
I1
APN
C0810-00000-004-C00
UPID
US22-0849488
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.95M
Blend (final)
Blend
$1.94M
Owner & transaction history
Industrial Drive North LLC · 5 yrs held
Industrial Drive North LLC
since 2021
6 recorded transactions
Zoning & alternative use
I1 · Covington, GA
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.94M
Range $1.74M – $2.13M · ±10%
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
$52 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$10,700
Tax year 2023
Assessed value
$329,240
Assessed 2023
Previous assessed
$329,240
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$18,000
Assessed improvement
$311,240
Land market value
$45,000
Improvement market value
$778,100
Total market value
$823,100
Applied tax rate
2.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1989
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Bathrooms
4
Total area
37,500 SF
Lot
1.69 ac (73,616 SF)
Zoning code
I1
APN
C0810-00000-004-C00
UPID
US22-0849488
Jurisdiction
NEWTON
Zoning & alternative use
I1 · Covington, GA
Zoning I1 · permitted uses
I1 · Covington, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Covington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1989
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Bathrooms
4
Lot
1.69 ac
Current owner
From public records · entity-resolved
Industrial Drive North LLC
Entity
Free & Clear · 5 yrs held
Mailing address
5181 N DEARING ST SE, COVINGTON, GA 30014-2606
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 1, 2021
—
Industrial Drive North LLC
10161 Industrial Drive Jlt LLC
Warranty Deed
—
Feb 11, 2013
$713,800
10161 Industrial Drive Jlt LLC
Capes,jerry O & Barbara O
Grant Deed
$713,757 · Barbara O Capes
Jan 18, 2013
$713,757
10161 Industrial Drive Jlt LLC
Capes,jerry O
Grant Deed
$713,757 · Barbara Capes
Feb 7, 2012
$645,200
Jerry O Capes
Capes Industrial Drive LLC
Grant Deed
related
—
Jul 26, 2005
—
Capes Industrial Dr LLC
—
Deed Of Trust
related
$10,000,000 · Jerry O & Barbara O Capes
Jan 8, 2004
—
Capes Industrl Dr LLC
Capes,barbara O
Quit Claim Deed
related
—
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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