Property profile

1111 Hwy 51st S Covington, TN 38019

OFF-MARKET
Medical Office Space
Property ID
US80-0936109
4,111 SF 1.03 ac lot Built 1974
Individually Owned 16-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1974
Total area 4,111 SF
Lot 1.03 ac (44,867 SF)
APN 084041J A 00500
UPID US80-0936109

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic

Location

1111 Hwy 51st S Covington, TN 38019-3236
Covington metro Census 40601 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2010
6 recorded transactions
2010
Price N/A
2003
$125,000
2002
Price N/A
1995
Price N/A
1993
$60,000
1992
$67,500

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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