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Property profile & analytics
OFF-MARKET
Estimated value
$2,060,000
Warehouses
11230 Hwy 36 Covington, GA 30014-4065
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1220211
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1998
Construction
STEEL FRAME
Total area
3,000 SF
Lot
3.35 ac (145,926 SF)
Zoning code
I1
APN
00840-00000-116-000
UPID
US22-1220211
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
$2.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.06M
Owner & transaction history
Sean Prop Invs LLC · 5 yrs held
Sean Prop Invs LLC
since 2020
Last sale
$2.0M
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
Method
Estimation
Statistic approach
$2,000,000
ML approach
$2,240,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.06M
Range $1.85M – $2.27M · ±10% · vs last sale $2.00M (Jul 30 2020)
Last sale anchor
$2.00M
Jul 30 2020
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
$687 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$15,471
Tax year 2023
Assessed value
$570,160
Assessed 2023
Previous assessed
$570,160
+0.0% YoY
Effective rate
2.71%
On assessed value
Assessed land
$150,720
Assessed improvement
$419,440
Land market value
$376,800
Improvement market value
$1,048,600
Total market value
$1,425,400
Applied tax rate
1.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1998
Construction
STEEL FRAME
Heating
NONE
Buildings
3
Stories
1
Bathrooms
6
Total area
3,000 SF
Lot
3.35 ac (145,926 SF)
Zoning code
I1
APN
00840-00000-116-000
UPID
US22-1220211
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
1998
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
3
Bathrooms
6
Lot
3.35 ac
Current owner
From public records · entity-resolved
Sean Prop Invs LLC
Entity
Free & Clear · 5 yrs held
Mailing address
2848 GREY MOSS PASS, DULUTH, GA 30097-5226
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2024
—
Sean Properties Investment LLC
—
Deed
related
$400,000 · Newton Federal Bank
Dec 14, 2020
—
Sean Properties Investment LLC
—
Deed
related
$1,350,000 · Newton Fed'l Bk
Jul 30, 2020
$2,000,000
Sean Prop Invs LLC
L-stars USA LLC
Grant Deed
—
Aug 11, 2017
—
L Stars USA LLC
—
Deed
related
$1,277,821 · Quantum Nat'l Bk
Mar 31, 2006
$1,970,000
L Stars USA LLC
Ankan INC
Grant Deed
—
Sep 23, 2005
$1,560,000
Ankan INC
Canton Ents LLC
Grant Deed
$132,000 · Canton Ents LLC
Sep 7, 2005
—
Canton Ents LLC
Miller,w Dale
Quit Claim Deed
related
$1,560,000 · Quantum National Bank
Sep 7, 2005
$1,825,000
Canton Ents
Miller,w Dale
Grant Deed
—
—
—
Stars USA LLC
—
Loan Modification
related
$1,426,664 · Quantum National Bank
—
—
L Stars USA LLC
—
Loan Modification
related
$1,277,821 · Quantum Nat'l Bk
—
—
Sean Properties Investment LLC
—
Deed Of Trust
related
$1,350,000 · Newton Fed'l Bk
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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