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Property profile & analytics
OFF-MARKET
Estimated value
$4,525,000
Office Spaces
1387 Access Rd Covington, GA 30014-1919
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US22-1988407
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1989
Construction
STEEL & CONCRETE
Total area
4,800 SF
Lot
37.13 ac (1,617,383 SF)
Zoning code
C1
APN
00430-00000-005-000
UPID
US22-1988407
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
$4.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.53M
Owner & transaction history
Nsa Property Holdings LLC · 4 yrs held
Nsa Property Holdings LLC
since 2021
Last sale
$4.7M
7 recorded transactions
Zoning & alternative use
C1 · 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
Method
Estimation
Statistic approach
$4,455,000
ML approach
$4,235,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.53M
Range $4.07M – $4.98M · ±10% · vs last sale $4.71M (Aug 19 2021)
Last sale anchor
$4.71M
Aug 19 2021
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
$943 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$8,749
Tax year 2023
Assessed value
$322,440
Assessed 2023
Previous assessed
$322,440
+0.0% YoY
Effective rate
2.71%
On assessed value
Assessed land
$44,520
Assessed improvement
$277,920
Land market value
$111,300
Improvement market value
$694,800
Total market value
$806,100
Applied tax rate
1.0000
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
1989
Construction
STEEL & CONCRETE
Heating
NONE
Stories
1
Bathrooms
6
Total area
4,800 SF
Lot
37.13 ac (1,617,383 SF)
Zoning code
C1
APN
00430-00000-005-000
UPID
US22-1988407
Jurisdiction
NEWTON
Zoning & alternative use
C1 · Covington, GA
Zoning C1 · permitted uses
C1 · 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
Construction
STEEL & CONCRETE
Heating
NONE
Stories
1
Bathrooms
6
Lot
37.13 ac
Current owner
From public records · entity-resolved
Nsa Property Holdings LLC
Entity
Mailing address
8400 E PRENTICE AVE, GREENWOOD VILLAGE, CO 80111-2912
Ownership since
2021
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
Aug 19, 2021
$4,710,000
Nsa Property Holdings LLC
Gjhc LLC
Limited Warranty Deed
—
Feb 4, 2020
—
G & J Mini Storage INC
—
Deed Of Trust
related
$2,508,492 · Legacy St Bk
Sep 5, 2018
—
Gjhc LLC
—
Deed
related
$2,300,000 · Legacy St Bk
Aug 16, 2018
—
Gjhc LLC
Edwards,glenda H
Grant Deed
related
—
Sep 15, 2016
$702,800
Glenda H Edwards
Harvey James F
Grant Deed
—
Sep 15, 2016
—
Betty W Harvey
Harvey James F
Quit Claim Deed
related
—
Mar 7, 2012
—
James F Harvey
Harvey,james F
Quit Claim Deed
related
—
Mar 2, 2012
—
—
Harvey,betty W
Grant Deed
related
—
—
—
G & J Mini Storage INC
—
Deed Of Trust
related
$100,000 · Legacy St Bk
—
—
Gjhc LLC
—
Deed Of Trust
related
$200,000 · Legacy St Bk
—
—
Gjhc LLC
—
Deed Of Trust
related
$2,300,000 · Legacy St 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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