Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1124 Monticello SW St Covington, GA 30014-2339
    Back to Search
    Property profile & analytics

    1124 Monticello SW St, Covington, GA 30014-2339

    View on Map
    • Retail space
    • 15,584 SF
    • 0.18 lot acres
    Off-Market
    Property ID
    US22-1041148
    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.
    Value Estimations
    $670,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 1124 Monticello SW St

    Year built
    1891
    Construction
    STEEL FRAME
    Lot size
    0.18 lot acres
    Zone code
    C1
    Property type
    Retail space
    APN
    C0260-00160-009-000
    APU
    C026000160009000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 20, 2021 — 4 Of A Kind Enterprises LLC — Deed · related $796k · Pinnacle Bank
    Dec 19, 2014 $725,000 4 Of A Kind Ents LLC Dudik,ronald J SR & Mary E Warranty Deed $737k · United Bk
    — — Ronald J Dudik SR. — Deed Of Trust · related $361k · United Bank
    — — Ronald J Dudik SR. — Deed Of Trust · related $401k · Bouchillon Jerry D

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $624,000
      Market price range: $458k - $1.67M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Newton
    State
    Georgia
    Longitude
    -83.8607
    Latitude
    33.5962
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA 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
    2023
    $10,164
    $21,920
    $290,840
    $312,760
    -
    $54,800
    $727,100
    $781,900

    Comparable in this City

    • Value Estimation by Request
      858 SF

      8160 Washington SW St

      RETAIL STORES (PERSONAL SERVICES)
      8160 Washington SW St, Covington, GA 30014-3402
      View Details
    • Value Estimation by Request
      1,727 SF

      5172 Floyd NE St

      RETAIL STORES (PERSONAL SERVICES)
      5172 Floyd NE St, Covington, GA 30014-1568
      View Details
    • Value Estimation by Request
      3,720 SF

      10275 Industrial NE Blvd

      RETAIL STORES (PERSONAL SERVICES)
      10275 Industrial NE Blvd, Covington, GA 30014-6328
      View Details
    • Value Estimation
      $4,025,000
      14,000 SF

      10327 Industrial NE Blvd

      RETAIL STORES (PERSONAL SERVICES)
      10327 Industrial NE Blvd, Covington, GA 30014-1403
      View Details
    • Value Estimation
      $695,000
      7,648 SF

      2001 Main St

      RETAIL STORES (PERSONAL SERVICES)
      2001 Main St, Porterdale, GA 30014-3413
      View Details
    • Value Estimation by Request
      800 SF

      9179 Aaron Dr

      RETAIL STORES (PERSONAL SERVICES)
      9179 Aaron Dr, Covington, GA 30014-1104
      View Details

    Similar Nearby for Sale

    • $1,500,000
      5,315 SF

      Covington Commercial Property For Sale

      3.557 acres with multiple buildings, ideal for commercial development.
      6125 Washington St SW, Covington, GA 30014
      View Details
    • Contact for pricing
      1,775 SF

      Retail Property on Highway 278

      Retail space available for purchase on Highway 278.
      8225 Highway 278 NE, Covington, GA 30014
      View Details
    • Contact for pricing
      3,120 SF

      Versatile Retail Space Near Covington

      Retail space suitable for various community-focused uses.
      6135 Petty St SW, Covington, GA 30014
      View Details
    • $495,000
      1.90 Acres

      Covington Commercial Redevelopment Opportunity

      1.898-acre commercial redevelopment opportunity on a hard corner.
      10533 Flat Shoals Rd, Covington, GA 30014
      View Details
    • Contact for pricing

      Covington Industrial Space For Sale

      1,872 sq ft warehouse zoned C-3 in Covington, GA.
      6132 Jackson Hwy SW, Covington, GA 30014
      View Details
    • $390,000

      Versatile Commercial Property on Flat Shoals

      Excellent visibility, high traffic, ideal for diverse businesses.
      10423 Flat Shoals Rd, Covington, GA 30014
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Outdoor Storage Available

      Industrial outdoor storage with secured, lit, and fenced space.
      1597 Access Rd, Covington, GA 30014
      View Details
    • Contact for pricing
      19,200 SF

      Jackson Market: Covington Retail Space

      High-traffic retail space, flexible layouts.
      4115 Highway 278, Covington, GA 30014
      View Details
    • $9 SF/Yr

      Office and Warehouse Space Available

      Flex space with office, warehouse, and dock door access.
      9153 Hazelbrand Rd, Covington, GA 30014
      View Details
    • Contact for pricing

      Modern Distribution Facility Ready

      Class A distribution facility with office space available for lease.
      14138 Lake Forest Ct NE, Covington, GA 30014
      View Details
    • Contact for pricing
      13,728 SF

      Covington Industrial Building with Visibility

      13,728 SF industrial building with direct I-20 visibility.
      10147 Industrial Dr NE, Covington, GA 30014
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1124 Monticello SW St
    Covington, GA 30014-2339
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1124 Monticello SW St, Covington, GA, 30014
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!