Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    15793 Hwy 36 Covington, GA 30014-6021
    Property profile & analytics

    15793 Hwy 36 Covington, GA 30014-6021

    View on Map
    • Commercial land
    • 4.09 lot acres
    Off-Market
    Property ID
    US22-2753868
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 15793 Hwy 36

    Lot size
    4.09 lot acres
    Zone code
    C3
    Property type
    Commercial land
    APN
    00720-00000-066-E00
    APU
    0072000000066E00

    Description

    This exceptional offering presents two prime 1-acre commercial lots ideally situated on Highway 36 in Covington, Georgia. Boasting a highly desirable location with excellent visibility and accessibility, these parcels are zoned for commercial use and offer significant development potential. The property's strategic positioning near the intersection of Highways 212 and 36 ensures high traffic volume, providing exceptional exposure for any commercial venture. The lots are adjacent to an existing Dollar General store, further enhancing their desirability and attracting a substantial customer base. A planned convenience store is also under development on Highway 36, immediately adjacent to one of the lots, creating a synergistic retail environment. Each lot is individually priced at $175,000, representing a compelling investment opportunity in a rapidly growing area. The one-acre size of each lot provides ample space for a variety of commercial developments, from smaller retail outlets to larger-scale projects. This is a rare opportunity to acquire high-value commercial land in a thriving location with strong existing and planned retail presence. Don't miss this chance to secure a piece of Covington's commercial landscape. Contact us today for more information.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Newton
    State
    Georgia
    Longitude
    -83.8488
    Latitude
    33.4253
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,400
    $51,600
    $0.00
    $51,600
    -
    $129,000
    $0.00
    $129,000

    Comparable in this City

    • Value Estimation by Request
      61.06 Acres

      Hazelbrand Rd

      VACANT COMMERCIAL LAND • 61.06 Acres
      Hazelbrand Rd, Covington, GA 30014
      View Details
    • Value Estimation by Request
      0.42 Acres

      Hwy 138

      VACANT COMMERCIAL LAND • 0.42 Acres
      Hwy 138, Covington, GA 30014
      View Details
    • Value Estimation by Request
      2.00 Acres

      Hwy 278

      VACANT COMMERCIAL LAND • 2.00 Acres
      Hwy 278, Covington, GA 30014
      View Details
    • Value Estimation by Request
      2.45 Acres

      Hwy 36

      VACANT COMMERCIAL LAND • 2.45 Acres
      Hwy 36, Covington, GA 30014
      View Details
    • Value Estimation by Request
      0.41 Acres

      Clark St

      VACANT COMMERCIAL LAND • 0.41 Acres
      Clark St, Covington, GA 30014
      View Details
    • Value Estimation by Request
      0.17 Acres

      Clark St

      VACANT COMMERCIAL LAND • 0.17 Acres
      Clark St, Covington, GA 30014
      View Details

    Similar Nearby for Sale

    • $125,000

      Commercial Land Ready For Development

      Cleared, level commercial land suitable for development.
      7134 Turner Lake Cir, Covington, GA 30014
      View Details
    • Contact for pricing

      2.46 Acres Heavy Industrial Land

      2.46 acres of heavy industrial land in Covington, Georgia.
      10150 John R Williams Hwy, Covington, GA 30014
      View Details
    • $800,000

      Industrial Land on Industrial Blvd

      Land suitable for heavy equipment storage or development.
      9126 Industrial Blvd NE, Covington, GA 30014
      View Details
    • $200,000

      Versatile Land Near Highway Access

      1.22 acres zoned C-H with convenient highway access.
      91 Campbell Rd, Covington, GA 30014
      View Details
    • $200,000

      Versatile Land Near Highway Access

      1.22 acres zoned C-H with convenient highway access.
      91 Campbell Rd, Covington, GA 30014
      View Details
    • Contact for pricing
      1,520 SF

      Commercial Lot in Walnut Grove

      2.5-acre commercial lot ready for development in Walnut Grove.
      1761 Walnut Ave, Covington, GA 30014
      View Details

    Similar Nearby for Lease

    • $5,500 /Mo

      Land For Lease Covington

      Land available for lease in Covington, Georgia.
      9126 Industrial Blvd NE, Covington, GA 30014
      View Details
    • Contact for pricing
      188,699 SF

      Modern Industrial Warehouse Space Available

      60,575 SF warehouse space ideal for distribution or manufacturing.
      12101 Harland Dr NE, Covington, GA 30014
      View Details
    • Contact for pricing

      Modern Distribution Facility Ready Now

      Class A distribution space available near I-20 in Covington, GA.
      14138 Lake Forest Ct NE, Covington, GA 30014
      View Details
    • $9 SF/Yr

      Flex Space with Office

      Flex space featuring office, grade-level doors, and dock door.
      9153 Hazelbrand Rd, Covington, GA 30014
      View Details
    • Contact for pricing

      Industrial Space with Dock Doors

      40,000 SF industrial space featuring dock and drive-in doors.
      9120 Wheat St NE, Covington, GA 30014
      View Details
    • $750 /Mo
      47,045 SF

      Historic Office Space in Covington

      Prime commercial space in Covington's walkable, dynamic historic district.
      2175 Emory St NW, Covington, GA 30014
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    15793 Hwy 36
    Covington, GA 30014-6021
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    15793 Hwy 36, Covington, GA, 30014
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!