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    Property profile & analytics

    1026 Hwy 51st N Covington, TN 38019-1521

    • Retail space
    • 912 SF
    • 0.65 lot acres
    OFF-MARKET
    Value Estimation
    $45,000
    Last Sale
    Apr 14, 2022
    $50,000
    Location Intelligence
    Property ID
    US80-0810676
    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

    • Retail space

    Property Details for 1026 Hwy 51st N

    Year built
    1965
    Lot size
    0.65 lot acres
    Property size
    912 SF
    Property type
    Retail space
    APN
    084025C A 01600
    APU
    084025CA01600

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Tipton
    State
    Tennessee
    Longitude
    -89.6387
    Latitude
    35.584
    CBSA code
    32820
    CBSA name
    MEMPHIS, TN-MS-AR 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
    2022
    $1,123
    $32,200
    $2,240
    $34,440
    -
    $80,500
    $5,600
    $86,100

    Comparable in this City

    • Value Estimation by Request
      2,450 SF

      1426 College St

      RETAIL STORES (PERSONAL SERVICES) • 2,450 SF
      1426 College St, Covington, TN 38019-3120
      View Details
    • Value Estimation by Request
      916 SF

      204 Hwy 51st N

      RETAIL STORES (PERSONAL SERVICES) • 916 SF
      204 Hwy 51st N, Covington, TN 38019-2361
      View Details
    • Value Estimation by Request
      840 SF

      1332 Hwy 51st N

      RETAIL STORES (PERSONAL SERVICES) • 840 SF
      1332 Hwy 51st N, Covington, TN 38019-1522
      View Details
    • Value Estimation by Request
      2,950 SF

      710 Hwy 51st S

      RETAIL STORES (PERSONAL SERVICES) • 2,950 SF
      710 Hwy 51st S, Covington, TN 38019-2453
      View Details
    • Value Estimation by Request
      1,445 SF

      928 Hwy 51st S

      RETAIL STORES (PERSONAL SERVICES) • 1,445 SF
      928 Hwy 51st S, Covington, TN 38019-3206
      View Details
    • Value Estimation by Request
      3,477 SF

      108 Liberty Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,477 SF
      108 Liberty Ave, Covington, TN 38019-2510
      View Details

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    Similar Nearby for Lease

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      Newly Rebuilt Industrial Property

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    Covington, TN 38019-1521
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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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