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Property profile & analytics
OFF-MARKET
Retail space
124 Pleasant Ave Covington, TN 38019-2536
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-1659967
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
650 SF
Lot
0.09 ac (4,000 SF)
APN
084041C L 00800
UPID
US80-1659967
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
Jan W Hensley · 1 yrs held
Jan W Hensley
since 2025
Last sale
$45,000
7 recorded transactions
Zoning & alternative use
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 2022Property tax & assessments
Tax year 2022
Tax billed
$275
Tax year 2022
Assessed value
$8,840
Assessed 2023
Previous assessed
$8,840
+0.0% YoY
Effective rate
3.11%
On assessed value
Assessed land
$1,200
Assessed improvement
$7,640
Land market value
$3,000
Improvement market value
$19,100
Total market value
$22,100
Applied tax rate
84.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
3
Total area
650 SF
Lot
0.09 ac (4,000 SF)
APN
084041C L 00800
UPID
US80-1659967
Jurisdiction
TIPTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
3
Lot
0.09 ac
Current owner
From public records · entity-resolved
Jan W Hensley
Individual
Free & Clear · 1 yrs held
Mailing address
615 W TROTTER RD, BRIGHTON, TN 38011-6525
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2025
$45,000
Jan W Hensley
Dennis Martin
Warranty Deed
—
Sep 30, 2024
$30,900
Dennis Martin
Jacqueline Marie Land
Warranty Deed
—
Nov 17, 2021
$25,500
Jacqueline Marie Land
Dennis Martin
Warranty Deed
$25,500 · Rachel Witherington
Oct 5, 2017
$15,000
Dennis Martin
Sloan Properties LLC
Warranty Deed
$13,500 · Sloan Properties LLC
Jul 19, 2017
—
Sloan Properties LLC
King,ron
Quit Claim Deed
related
—
Mar 9, 2017
—
Ron King
—
Deed
related
$40,500 · Sloan Properties LLC
—
—
Sloan Properties LLC
—
Deed Of Trust
related
$61,000 · Patriot Bank NA
—
—
Ron King
—
Deed Of Trust
related
$40,500 · Sloan Properties LLC
—
—
Sloan Properties LLC
—
Deed Of Trust
related
$80,000 · Regions Bank
—
—
Sloan Properties LLC
—
Deed Of Trust
related
$80,000 · Regions Bank
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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