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Property profile & analytics
OFF-MARKET
Office Spaces
130 Liberty Ave Covington, TN 38019-2510
Individually Owned
10-yr Hold
Free & Clear
Property ID
US80-0667135
Property summary
AI-generated overview
This stunning, completely renovated commercial building at 130 E Liberty Ave in Covington, TN, presents a unique investment opportunity. Priced at $215,000, this property boasts 14-foot ceilings and beautiful hardwood floors and trim throughout. The building features a spacious open area measuring 21x27 feet at the front, perfect for a variety of retail or commercial uses. A half bath with storage and washer/dryer hookups is conveniently located in this area. The rear of the building offers a substantial office (11x23 feet), a well-equipped kitchen (9x19 feet) including a stove, vent-a-hood, dishwasher, and refrigerator (all remaining "as-is"), and a full bathroom. A separate back entrance provides convenient access. The previous configuration included a beauty shop setup in the front area. The property's versatility is noteworthy
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1900
Total area
1,740 SF
Lot
0.04 ac (1,600 SF)
APN
084041C K 03700
UPID
US80-0667135
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
-
Little Shop of Hair Hair Salon Nail Salon
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
Rusty Gilbreath Props & Const · 10 yrs held
Rusty Gilbreath Props & Const
since 2016
Last sale
$190,000
4 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
$981
Tax year 2022
Assessed value
$31,880
Assessed 2023
Previous assessed
$29,920
+6.6% YoY
Effective rate
3.08%
On assessed value
Assessed land
$2,000
Assessed improvement
$29,880
Land market value
$5,000
Improvement market value
$74,700
Total market value
$79,700
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1900
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
3
Total area
1,740 SF
Lot
0.04 ac (1,600 SF)
APN
084041C K 03700
UPID
US80-0667135
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
1900
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
3
Lot
0.04 ac
Current owner
From public records · entity-resolved
Rusty Gilbreath Props & Const
Individual
Free & Clear · 10 yrs held
Mailing address
130 E LIBERTY AVE, COVINGTON, TN 38019-2510
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2016
—
Rusty Gilbreath Props & Const
Venture Capital Properties LLC
Quit Claim Deed
related
—
Mar 1, 2011
$4,497
Venture Capital Properties
Clerk & Master Of Tipton Cnty
Trustees Deed
related
—
Oct 18, 1999
—
The Hedgepath Grp Partners
Hedgepath,dr Sam
Quit Claim Deed
related
—
—
—
Gilbreath Rusty Props & Const
—
Deed Of Trust
related
$200,000 · Patriot Bk
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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