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    1146 Old Covington Hwy Conyers, GA 30012
    Property profile & analytics

    1146 Old Covington Hwy, Conyers, GA 30012

    View on Map
    • Commercial real estate
    • 0.76 lot acres
    Off-Market
    Property ID
    US22-0696126
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1146 Old Covington Hwy

    Year built
    1949
    Lot size
    0.76 lot acres
    Property type
    Commercial real estate

    Description

    This 0.76-acre mixed-use property at 1146 Old Covington Highway SE in Conyers, Georgia, presents a unique investment opportunity. Built in 1949, the single building offers a flexible layout suitable for a variety of commercial uses, potentially combined with residential space. Its location in a thriving commercial district provides unparalleled convenience, situated less than half a mile from major retailers such as Home Depot and Walmart, along with numerous restaurants and banks. Proximity to I-20 ensures easy access to regional transportation networks. The property is currently configured as a residence and has undergone recent remodeling, with some finishing touches still underway. The asking price is $285,000. The seller is offering the property "as is," allowing for customization to meet specific business needs. This property is eligible for a zero downpayment program. The property features a lockbox for convenient viewing during the due diligence period. Potential buyers are encouraged to conduct their own due diligence. The property's zip code is 30012, and it's located in Rockdale County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Conyers
    County
    Rockdale - GA
    State
    Georgia
    Longitude
    -84.0091808
    Latitude
    33.6575307

    Comparable in this City

    • $245,000

      Mixed-Use Property in Commercial District

      Mixed-use property near shopping, dining, and I-20.
      1146 Covington Hwy SE, Conyers, GA 30012
      View Details
    • $599,000
      2.22 Acres

      Land in Conyers, Georgia

      Land available near the new City Municipal Complex.
      1110 Oakland Ave, Conyers, GA 30012
      View Details
    • Contact for pricing
      70,567 SF

      Prime MxD Development Opportunity

      Two commercial lots for sale in high-growth corridor.
      1137 Old Covington Hwy SE, Conyers, GA 30012
      View Details
    • Contact for pricing
      Pending

      Conyers Commercial Building with MXD Zoning

      Large commercial building in Conyers with multiple uses allowed.
      890 Green St SW, Conyers, GA 30012
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    • $2,900,000

      Conyers Multi-Use Commercial Property

      Income-producing property with restaurant, grocery store, flea market.
      2578 Old Covington Hwy SW, Conyers, GA 30012
      View Details
    • Contact for pricing

      Downtown Conyers Mixed-Use Opportunity

      Highly visible mixed-use property in a rapidly growing market.
      890 Green St Southwest, Conyers, GA 30012
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      70,567 SF

      Prime MxD Development Opportunity

      Two commercial lots for sale in high-growth corridor.
      1137 Old Covington Hwy SE, Conyers, GA 30012
      View Details
    • Contact for pricing
      Pending

      Conyers Commercial Building with MXD Zoning

      Large commercial building in Conyers with multiple uses allowed.
      890 Green St SW, Conyers, GA 30012
      View Details
    • $2,900,000

      Conyers Multi-Use Commercial Property

      Income-producing property with restaurant, grocery store, flea market.
      2578 Old Covington Hwy SW, Conyers, GA 30012
      View Details
    • Contact for pricing

      Downtown Conyers Mixed-Use Opportunity

      Highly visible mixed-use property in a rapidly growing market.
      890 Green St Southwest, Conyers, GA 30012
      View Details
    • $245,000

      Mixed-Use Property in Commercial District

      Mixed-use property near shopping, dining, and I-20.
      1146 Covington Hwy SE, Conyers, GA 30012
      View Details
    • $599,000
      2.22 Acres

      Land in Conyers, Georgia

      Land available near the new City Municipal Complex.
      1110 Oakland Ave, Conyers, GA 30012
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space on Highway Corner

      Retail space available in Conyers, excellent visibility and access.
      1895 Ga Hwy, Conyers, GA 30012
      View Details
    • $25 SF/Yr
      17,056 SF

      Conyers Medical Office Space

      17,056 sq ft Medical Office Suite
      1380 Milstead Ave, Conyers, GA 30012
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    • $25 SF/Yr
      17,056 SF

      Conyers Medical Office Space

      Prime Medical Office, High Traffic
      1380 Milstead Ave, Conyers, GA 30012
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      1,200 SF

      Retail Space Near Sigman Road

      Retail space available near Sigman and Rockbridge Road intersection.
      1500 Sigman Rd NW, Conyers, GA 30012
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    • $4,000 /Mo
      6,000 SF

      Downtown Conyers Commercial Space

      Versatile 6,000 sq ft space in high-traffic downtown area.
      902 Center St NE, Conyers, GA 30012
      View Details
    • Contact for pricing

      Industrial Land for Ground Lease

      Approximately 3 acres of M1 zoned land available for lease.
      2221 Old Covington Hwy, Conyers, GA 30012
      View Details
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    Conyers, GA 30012
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    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
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