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Property profile & analytics
OFF-MARKET
Manufacturing properties
11230 Harland NE Dr Covington, GA 30014-6411
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US22-1416911
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1986
Construction
CONCRETE
Total area
66,240 SF
Lot
6.84 ac (297,950 SF)
Zoning code
I1
APN
C0800-00000-062-000
UPID
US22-1416911
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Spgi Realty LLC · 1 yrs held
Spgi Realty LLC
since 2024
Last sale
$14.0M
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$47,892
Tax year 2023
Assessed value
$1,473,680
Assessed 2023
Previous assessed
$1,473,680
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$82,080
Assessed improvement
$1,391,600
Land market value
$205,200
Improvement market value
$3,479,000
Total market value
$3,684,200
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1986
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Bathrooms
24
Total area
66,240 SF
Lot
6.84 ac (297,950 SF)
Zoning code
I1
APN
C0800-00000-062-000
UPID
US22-1416911
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
1986
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
24
Lot
6.84 ac
Current owner
From public records · entity-resolved
Spgi Realty LLC
Entity
Mailing address
11230 HARLAND DR NE, COVINGTON, GA 30014-6411
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Aug 14, 2024
$14,000,000
Spgi Realty LLC
Spg Buckhead II LLC
Warranty Deed
—
May 11, 2022
—
Spg Buckhead II LLC
—
Deed
related
$2,500,000 · United Community Bank
Jun 14, 2016
$2,079,700
Spg Buckhead II LLC
Spg Real Estate LLC
Quit Claim Deed
related
$5,400,000 · United Cmnty Bk
Sep 8, 2010
$4,150,000
Spg Real Estate LLC
Storage Products Grp LLC
Grant Deed
$4,000,000 · Leggett & Platt INC
Jul 14, 2008
$3,829,100
Storage Products Group LLC
Leggett & Platt INC
Warranty Deed
—
Jul 2, 2008
—
Storage Products Grp LLC
Leggett,platt Incorporated
Grant Deed
related
—
—
—
Spg Real Estate LLC
—
Deed Of Trust
related
$3,925,000 · Hsbc Bank USA
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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