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Property profile & analytics
OFF-MARKET
Industrial properties
12143 Independence NE Dr Covington, GA 30014-6453
Entity Owned
6-yr Hold
Free & Clear
Property ID
US22-2645993
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1989
Total area
480 SF
Lot
2.75 ac (119,790 SF)
Zoning code
I1
APN
C0800-00000-031-F00
UPID
US22-2645993
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
1776 Liberty Covington LLC · 6 yrs held
1776 Liberty Covington LLC
since 2019
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
$2,602
Tax year 2023
Assessed value
$80,080
Assessed 2023
Previous assessed
$80,080
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$27,000
Assessed improvement
$53,080
Land market value
$67,500
Improvement market value
$132,700
Total market value
$200,200
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1989
Heating
NONE
Stories
2
Bathrooms
2
Total area
480 SF
Lot
2.75 ac (119,790 SF)
Zoning code
I1
APN
C0800-00000-031-F00
UPID
US22-2645993
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
1989
Heating
NONE
Stories
2
Bathrooms
2
Lot
2.75 ac
Current owner
From public records · entity-resolved
1776 Liberty Covington LLC
Entity
Free & Clear · 6 yrs held
Mailing address
3 COLUMBUS CIR FL, NEW YORK, NY 10019-8760
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Sep 22, 2021
—
1776 Liberty Covington LLC
—
Deed
related
$11,000,000 · Iberiabank
Nov 7, 2019
—
1776 Liberty Covington LLC
Iai Covington LP
Quit Claim Deed
related
—
Nov 7, 2019
$268,000
1776 Liberty Covington LLC
Iai Covington LP
Grant Deed
related
$9,450,000 · Servisfirst Bk
Dec 13, 2018
$268,100
Iai Covington LP
12143 Independence Drive Jlt L
Grant Deed
—
Feb 11, 2013
$198,300
Independence Drive Jlt L 12143
Capes,jerry O & Barbara O
Grant Deed
$198,203 · Capes Warehouses INC
Jan 18, 2013
$198,203
Independence Drive Jlt L 12143
Capes,jerry O
Grant Deed
—
Feb 7, 2012
$202,000
Jerry O Capes
Capes Liberty Drive LLC
Grant Deed
related
—
Jul 31, 2009
$101,384
T6 Unison Site Management LLC
Gi Independence LLC
Grant Deed
—
Dec 31, 2006
$343,431
Gi Independence LLC
Capes Warehouses INC
Grant Deed
—
—
—
T6 Unison Site Management LLC
—
Deed Of Trust
related
$126,739 · Deutsche Bk Tr Co America (ce)
—
—
Gi Independence LLC
—
Deed Of Trust
related
$42,315 · Greyland Industrial LLC
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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