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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Motels
112 Hwy 51st N Covington, TN 38019-2359
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-1536469
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1944
Total area
14,638 SF
Lot
0.33 ac (14,210 SF)
APN
084041C A 00201
UPID
US80-1536469
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
$650k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$605k
Owner & transaction history
Chargers LLC · 5 yrs held
Chargers LLC
since 2021
Last sale
$579,000
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
$605,000
ML approach
$650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$455,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$605k
Range $545k – $666k · ±10% · vs last sale $579k (Apr 16 2021)
Last sale anchor
$579k
Apr 16 2021
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
$41 / 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
$3,487
Tax year 2022
Assessed value
$112,480
Assessed 2023
Previous assessed
$106,280
+5.8% YoY
Effective rate
3.10%
On assessed value
Assessed land
$18,440
Assessed improvement
$94,040
Land market value
$46,100
Improvement market value
$235,100
Total market value
$281,200
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1944
Heating
RADIANT
Stories
1
Units
1
Bathrooms
31
Total area
14,638 SF
Lot
0.33 ac (14,210 SF)
APN
084041C A 00201
UPID
US80-1536469
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
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$455,000
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1944
Heating
RADIANT
Stories
1
Units
1
Bathrooms
31
Lot
0.33 ac
Current owner
From public records · entity-resolved
Chargers LLC
Entity
Mailing address
9995 OLD DOGWOOD RD, ROSWELL, GA 30076-1990
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2022
—
Chargers LLC
—
Deed
related
$418,000 · American Commerce Bank NA
Apr 16, 2021
$579,000
Chargers LLC
Parimal H Shah
Warranty Deed
$129,000 · Asha Hospitality INC
Nov 18, 2015
$430,000
Parimal H Shah
Jayantilal Patel
Warranty Deed
$341,000 · Jayantilal & Kanta Patel
Aug 17, 1998
—
Jayanti Etuc Patel
—
Deed Of Trust
related
—
Aug 11, 1993
$271,026
Ramesh Patel
Unknown
Grant Deed
—
—
—
Parimal H Shah
—
Deed Of Trust
related
$21,500 · Jayantilal & Kanta Patel
—
—
Lcc Deena
—
Deed Of Trust
related
$100,500 · Union Fsb
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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