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Property profile & analytics
OFF-MARKET
Estimated value
$14,300,000
Distribution centers
16126 Alcovy Rd Covington, GA 30014-1000
Entity Owned
18-yr Hold
Free & Clear
Property ID
US22-1966923
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1987
Construction
STEEL FRAME
Total area
300,400 SF
Lot
17.88 ac (778,853 SF)
Zoning code
I1
APN
C0800-00000-009-A00
UPID
US22-1966923
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.65M
Blend (final)
Blend
$14.30M
Owner & transaction history
Jdk Real Est LLC · 18 yrs held
Jdk Real Est LLC
since 2008
6 recorded transactions
Zoning & alternative use
I1 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$14.30M
Range $12.87M – $15.73M · ±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
$48 / 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
$76,054
Tax year 2023
Assessed value
$2,340,280
Assessed 2023
Previous assessed
$2,340,280
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$102,960
Assessed improvement
$2,237,320
Land market value
$257,400
Improvement market value
$5,593,300
Total market value
$5,850,700
Applied tax rate
2.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1987
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Bathrooms
10
Total area
300,400 SF
Lot
17.88 ac (778,853 SF)
Zoning code
I1
APN
C0800-00000-009-A00
UPID
US22-1966923
Jurisdiction
NEWTON
Zoning & alternative use
I1 · Covington, GAZoning I1 · permitted uses
I1 · Covington, GA
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
1987
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Bathrooms
10
Lot
17.88 ac
Current owner
From public records · entity-resolved
Jdk Real Est LLC
Entity
Free & Clear · 18 yrs held
Mailing address
PO BOX 250509, ATLANTA, GA 30325-1509
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2018
—
16126 Alcovy Ga LP
—
Deed
related
$8,900,000 · Canadian Imperial Bk/commerc
May 23, 2017
—
16126 Alcovy Ga LP
—
Deed
related
$3,361,000 · Fidelity Bank
Apr 13, 2010
—
Jdk Real Estate LLC
—
Deed Of Trust
related
$11,500,000 · Suntrust Bank NA
Feb 6, 2008
—
Jdk Real Est LLC
Kenco Grp INC
Grant Deed
related
—
Dec 31, 2007
—
Jdk Real Estate LLC
Kenco Grp INC
Grant Deed
related
—
—
—
16126 Alcovy Ga LP
—
Deed Of Trust
related
$8,900,000 · Canadian Imperial Bk/commerc
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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