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    Property profile & analytics

    1688 Hwy 51st S Covington, TN 38019-3223

    • Medical offices
    • 9,958 SF
    • 1.09 lot acres
    OFF-MARKET
    Value Estimation
    $200,000
    Last Sale
    Jun 11, 2021
    $162,500
    Location Intelligence
    Property ID
    US80-2302836
    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.

    Current Use by Public Records

    • Medical offices

    Property Details for 1688 Hwy 51st S

    Year built
    2022
    Construction
    FRAME
    Lot size
    1.09 lot acres
    Property size
    9,958 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    084050A A 00400
    APU
    084050AA00400

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Tipton
    State
    Tennessee
    Longitude
    -89.6648
    Latitude
    35.5426
    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
    $9,646
    $65,400
    $603,080
    $668,480
    -
    $163,500
    $1,507,700
    $1,671,200

    Comparable in this City

    • Value Estimation by Request
      3,783 SF

      707 Main St

      MEDICAL BUILDING • 3,783 SF
      707 Main St, Covington, TN 38019-2825
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    • Value Estimation
      $355,000
      4,111 SF

      1111 Hwy 51st S

      MEDICAL BUILDING • 4,111 SF
      1111 Hwy 51st S, Covington, TN 38019-3236
      View Details
    • Value Estimation
      $615,000
      19,365 SF

      1995 Hwy 51st S

      MEDICAL BUILDING • 19,365 SF
      1995 Hwy 51st S, Covington, TN 38019-3635
      View Details
    • Value Estimation
      $610,000
      12,944 SF

      1995 Hwy 51st S

      MEDICAL BUILDING • 12,944 SF
      1995 Hwy 51st S, Covington, TN 38019-3635
      View Details
    • Value Estimation
      $155,000
      1,890 SF

      720 Sherrod Ave

      MEDICAL BUILDING • 1,890 SF
      720 Sherrod Ave, Covington, TN 38019-3024
      View Details
    • Value Estimation
      $70,000
      1,400 SF

      115 Munford St

      MEDICAL BUILDING • 1,400 SF
      115 Munford St, Covington, TN 38019-2527
      View Details

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    Covington, TN 38019-3223
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    Realmo Value Estimation

    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.

    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.

    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
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