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    Property profile & analytics

    107 Ct W Sq Covington, TN 38019-2507

    • Retail space
    • 7,995 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimation
    $180,000
    Last Sale
    Nov 05, 2020
    $180,000
    Location Intelligence
    Property ID
    US80-2069703
    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

    • Kid Bounce Play Center / Entertainment / Recreation

    Property Details for 107 Ct W Sq

    Year built
    1900
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.08 lot acres
    Property size
    7,995 SF
    Property type
    Retail space
    APN
    084041C L 01600
    APU
    084041CL01600

    Description

    This exceptional 7,750 square foot storefront at 107 W Court Square in Covington, Tennessee, presents a rare investment opportunity. Priced at $359,000 ($46.32/sq ft), this property offers versatile space ideal for retail or office use. The building features two floors suitable for retail and a third floor designed for office space. Its prime location on the historic Court Square places it within easy reach of Covington's vibrant downtown area. Furthermore, this property benefits from its location in an Opportunity Zone, offering potential tax advantages for investors. The proximity to the new Blue Oval City development adds significant long-term growth potential. This is a unique chance to acquire a substantial commercial property in a rapidly developing area of Tennessee. The building's size and flexible layout provide ample space for a variety of businesses. The address is 107 W Court Square, Covington, TN 38019. This is a turnkey opportunity for a savvy investor seeking a strong return on investment in a thriving community. The property's historical context and strategic location combine to create a compelling investment proposition. Don't miss this chance to own a piece of Covington's revitalized downtown.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $170,000

    • CAP approach

      CAP return
      Estimation
      6%
      $170,000
      6.5%
      $155,000
      7%
      $170,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $195,000
      Geo Method
      $160,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $220,000
      Retail
      $180,000
      Mixed-Use
      $180,000
      Hospitality
      $190,000
      Educational
      $165,000
      Residential Income
      $185,000
      Energy
      $205,000
      Income-Based Land
      $215,000
      Food Service
      $185,000

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Tipton
    State
    Tennessee
    Longitude
    -89.6469
    Latitude
    35.5643
    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
    $3,254
    $7,360
    $98,240
    $105,600
    -
    $18,400
    $245,600
    $264,000

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    Covington, TN 38019-2507
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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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