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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Warehouses
128 Industrial N Rd Covington, TN 38019-1814
Trust Owned
8-yr Hold
~
Est. High Equity
Property ID
US80-0989580
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Construction
FRAME
Total area
24,240 SF
Lot
10.69 ac (465,656 SF)
Zoning code
M1
APN
084025K B 01601
UPID
US80-0989580
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
Current use
Occupant on record · Public records
-
World Wide Lines Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$780k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$920k
Owner & transaction history
Baskin,donald M JR Living Trust · 8 yrs held
Baskin,donald M JR Living Trust
since 2017
7 recorded transactions
Zoning & alternative use
M1 · Covington, TN
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
Method
Estimation
Statistic approach
by Request
ML approach
$780,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$750,000
Current use
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$38 / SF
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
$26,250
Tax year 2022
Assessed value
$800,000
Assessed 2023
Previous assessed
$800,000
+0.0% YoY
Effective rate
3.28%
On assessed value
Assessed land
$298,040
Assessed improvement
$501,960
Land market value
$745,100
Improvement market value
$1,254,900
Total market value
$2,000,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1974
Construction
FRAME
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Units
1
Bathrooms
12
Total area
24,240 SF
Lot
10.69 ac (465,656 SF)
Zoning code
M1
APN
084025K B 01601
UPID
US80-0989580
Jurisdiction
TIPTON
Zoning & alternative use
M1 · Covington, TN
Zoning M1 · permitted uses
M1 · Covington, TN
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$750,000
WAREHOUSE, STORAGE Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1974
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Units
1
Bathrooms
12
Lot
10.69 ac
Current owner
From public records · entity-resolved
Baskin,donald M JR Living Trust
Trust
Mailing address
1870 HWY 51ST S, COVINGTON, TN 38019-3622
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2017
$800,000
Baskin,donald M JR Living Trust
Mdg LLC
Warranty Deed
—
Oct 3, 2017
—
Mgd LLC
World Wide Lines Intl LLC
Grant Deed
related
—
Feb 2, 2017
—
Mgd LLC
World Wide Lines Intl LLC
Quit Claim Deed
related
—
Jan 12, 2017
—
World Wide Lines Intl LLC
Industrial Dev Board Of Town/covi
Quit Claim Deed
related
—
Feb 4, 1988
$40,000
Bes INC
Unknown
Grant Deed
—
—
—
Mdg LLC
—
Deed Of Trust
related
$262,718 · First Tennessee Bank National
—
—
Mdg LLC
—
Deed Of Trust
related
$450,000 · Industrial Dev Board/town/covi
—
—
Mdg LLC
—
Deed Of Trust
related
$1,020,000 · First Tennessee Bank National
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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