1618 Highway 51 S Covington, TN 38019
Property Lookup
Property profile & analytics
1618 Highway 51 S Covington, TN 38019
- Retail space
- 20,184 SF
- 1.90 lot acres
Property ID
US80-1250456
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.
Location Intelligence
Current Use by Public Records
- US Agriculture Funding / Agricultural Service
Property Details for 1618 Highway 51 S
- Year built
- 2006
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.90 lot acres
- Property size
- 20,184 SF
- Property type
- Retail space
- APN
- 084050A A 00600
- APU
- 084050AA00600
Description
This exceptional 1,500 square foot retail space is perfectly situated in a thriving Covington, TN shopping center on Highway 51 South. The property benefits from a prime location shadow-anchored by a Walmart, ensuring high visibility and consistent foot traffic. Surrounded by other national retailers, this inline unit offers excellent exposure to a substantial customer base. The space is adaptable and can accommodate a variety of retail or service businesses. The building itself is modern and well-maintained, featuring a spacious and customizable interior layout. Ample signage opportunities are available to maximize brand visibility. The property also boasts secure and well-lit premises, ensuring a safe and comfortable environment for both employees and customers. High-speed internet and modern utilities are included, providing a seamless operational experience. The daily traffic count (DTC) in the area is 19,837, underscoring the significant potential for customer engagement. This is an unparalleled opportunity for businesses seeking a high-traffic, high-visibility location in a bustling commercial area. The space is available for multiple tenants. The property type is classified as Retail and Office, with subtypes including Traditional Office, Creative Office, Medical Office, Coworking, and Executive Office. Located in Tipton County, this property presents a compelling investment opportunity.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,940,000
- 6.5%
- $3,640,000
- 7%
- $3,380,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,891,000
- AI Estimate
- $2,905,000
Market price range: $575k - $1.89MMarket price range: $713k - $2.91M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Covington
- County
- Tipton
- State
- Tennessee
- Longitude
- -89.6623
- Latitude
- 35.5441
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR 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
2022
$20,489
$99,760
$562,960
$662,720
-
$249,400
$1,407,400
$1,656,800
