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Property profile & analytics
FOR LEASE
Office Spaces
1597 Access Rd Covington, GA 30014
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US22-2586173
For Lease
$5,210,000
1597 Access Rd, Covington, GA 30014
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1970
Total area
1,392 SF
Lot
18 ac (784,080 SF)
Zoning code
C4
APN
00430-00000-004-K00
UPID
US22-2586173
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
$4.99M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.21M
Owner & transaction history
Covington Albany Road Trux Jv LLC · 3 yrs held
Covington Albany Road Trux Jv LLC
since 2023
Last sale
$5.2M
7 recorded transactions
Zoning & alternative use
C4 · 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
$5,450,000
ML approach
$4,990,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.21M
Range $4.69M – $5.73M · ±10% · vs last sale $5.20M (May 16 2023)
Last sale anchor
$5.20M
May 16 2023
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
$3,743 / 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
$4,402
Tax year 2023
Assessed value
$162,240
Assessed 2023
Previous assessed
$162,240
+0.0% YoY
Effective rate
2.71%
On assessed value
Assessed land
$129,600
Assessed improvement
$32,640
Land market value
$324,000
Improvement market value
$81,600
Total market value
$405,600
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
For Lease
Year built
1970
Heating
NONE
Bathrooms
1
Total area
1,392 SF
Lot
18 ac (784,080 SF)
Zoning code
C4
APN
00430-00000-004-K00
UPID
US22-2586173
Jurisdiction
NEWTON
Zoning & alternative use
C4 · Covington, GA
Zoning C4 · permitted uses
C4 · 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
1970
Heating
NONE
Bathrooms
1
Lot
18 ac
Current owner
From public records · entity-resolved
Covington Albany Road Trux Jv LLC
Entity
Mailing address
1597 ACCESS RD, COVINGTON, GA 30014-1984
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
May 16, 2023
$5,200,000
Covington Albany Road Trux Jv LLC
Trux Covington LLC
Limited Warranty Deed
$3,806,040 · Banksouth
Jan 20, 2023
$5,250,000
Trux Covington LLC
Offshore Industries LLC
Warranty Deed
$4,325,000 · Mdh F2 Trux Covington
Aug 30, 2017
$400,000
Offshore Industries LLC
Stovall & Co INC
Grant Deed
$736,000 · Suntrust Bk
Aug 30, 2017
—
Offshore Industries LLC
Stovall & Co INC
Quit Claim Deed
related
—
Aug 26, 2016
—
Stovall & Co INC
—
Deed
related
$375,000 · Branch Bk&tr
—
—
Kpgc Holdings LLC
—
Deed Of Trust
related
$838,973 · Pinnacle Bank
—
—
Stovall & Co INC
—
Loan Modification
related
$375,000 · Branch Bk&tr
—
—
Stovall & Co INC
—
Loan Modification
related
$309,431 · Branch Banking & Trust Co
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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