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    Property profile & analytics

    1211 Hope St Covington, TN 38019-1601

    • Manufacturing properties
    • 156,850 SF
    • 17.00 lot acres
    OFF-MARKET
    Value Estimation
    $895,000
    Location Intelligence
    Property ID
    US80-1296818
    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.

    Current Use by Public Records

    • Hydratrek, Inc. / Manufacturer
    • SP National / Bedding Store
    • ITW Paslode / Manufacturer

    Property Details for 1211 Hope St

    Year built
    1976
    Construction
    FRAME
    Lot size
    17.00 lot acres
    Property size
    156,850 SF
    Zone code
    M1
    Property type
    Manufacturing properties
    APN
    084025C A 02003
    APU
    084025CA02003

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,010,000

    • CAP approach

      CAP return
      Estimation
      6%
      $890,000
      6.5%
      $825,000
      7%
      $920,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $800,000
      Geo Method
      $910,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $975,000
      Retail
      $810,000
      Mixed-Use
      $780,000
      Hospitality
      $775,000
      Educational
      $920,000
      Residential Income
      $960,000
      Energy
      $1,035,000
      Income-Based Land
      $985,000
      Food Service
      $935,000

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Tipton
    State
    Tennessee
    Longitude
    -89.635
    Latitude
    35.5875
    CBSA code
    32820
    CBSA name
    MEMPHIS, TN-MS-AR 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
    2022
    $18,769
    $103,720
    $468,280
    $572,000
    -
    $259,300
    $1,170,700
    $1,430,000

    Comparable in this City

    • Value Estimation by Request
      310,680 SF

      4000 Hwy 51st N

      MANUFACTURING (LIGHT) • 310,680 SF
      4000 Hwy 51st N, Covington, TN 38019-4003
      View Details
    • Value Estimation by Request
      147,845 SF

      4400 Hwy 51st N

      MANUFACTURING (LIGHT) • 147,845 SF
      4400 Hwy 51st N, Covington, TN 38019-4035
      View Details
    • Value Estimation by Request
      154,085 SF

      899 Hope St

      MANUFACTURING (LIGHT) • 154,085 SF
      899 Hope St, Covington, TN 38019-1805
      View Details
    • Value Estimation
      $755,000
      140,028 SF

      230 Industrial N Rd

      MANUFACTURING (LIGHT) • 140,028 SF
      230 Industrial N Rd, Covington, TN 38019-1816
      View Details
    • Value Estimation
      $10,300,000
      166,400 SF

      1001 Rialto Rd

      MANUFACTURING (LIGHT) • 166,400 SF
      1001 Rialto Rd, Covington, TN 38019-4242
      View Details
    • Value Estimation
      $605,000
      31,392 SF

      974 Hwy 51st N

      MANUFACTURING (LIGHT) • 31,392 SF
      974 Hwy 51st N, Covington, TN 38019-1524
      View Details

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    Similar Nearby for Lease

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      Prime Covington Restaurant Space. High-traffic location.
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    • Contact for pricing
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      Renovated Retail Space Available

      Renovated retail space with strong co-tenancy and high visibility.
      975 Highway 51 N, Covington, TN 38019
      View Details
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    Covington, TN 38019-1601
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    Realmo Value Estimation

    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.

    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.

    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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