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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1695 Old Covington NE Rd Conyers, GA 30013-5003

    • Manufacturing properties
    • 7,080 SF
    • 4.18 lot acres
    OFF-MARKET
    Last Sale
    Jan 08, 2021
    $600,000
    Value Estimations
    $615,000
    Show details
    Cap Rate Potential
    8.1%
    Manufacturing properties
    Location Intelligence
    Property ID
    US22-1305198
    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

    • Country Boy Supply, LLC / Drilling Equipment Supplier
    • Two Eight Drilling, Inc. / Drilling Equipment Supplier / Contractor
    • Two Eight Drilling / Contractor

    Property Details for 1695 Old Covington NE Rd

    Year built
    1973
    Construction
    STEEL FRAME
    Lot size
    4.18 lot acres
    Property size
    7,080 SF
    Zone code
    M1
    Property type
    Manufacturing properties
    APN
    072-0-01-001D
    APU
    072001001D

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $535,000
      ML approach
      $445,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $720,000
      6.5%
      $665,000
      7%
      $615,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $757,000
      Market price range: $365k - $757k
      AI Estimate
      $407,000
      Market price range: $103k - $407k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $520,000
      Current use
      AUTO REPAIR, GARAGE
      $880,000
      Change: +69% Conversion: Easy
      OFFICE BUILDING
      $845,000
      Change: +62% Conversion: Difficult
      WAREHOUSE, STORAGE
      $690,000
      Change: +33% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Conyers
    County
    Rockdale
    State
    Georgia
    Longitude
    -83.9914
    Latitude
    33.6543
    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
    $10,434
    $66,880
    $195,996
    $262,876
    -
    $167,200
    $489,990
    $657,190

    Comparable in this City

    • Value Estimation by Request
      23,250 SF

      1718 Ga-138

      Manufacturing properties • 23,250 SF
      1718 Ga-138, Conyers, GA 30013
      View Details
    • Value Estimation
      $1,060,000
      111,439 SF

      1781 Conyers Sta NE Rd

      MANUFACTURING (LIGHT) • 111,439 SF
      1781 Conyers Sta NE Rd, Conyers, GA 30013-5702
      View Details
    • Value Estimation
      $430,000
      16,464 SF

      1981 Gees Ml NE Rd

      MANUFACTURING (LIGHT) • 16,464 SF
      1981 Gees Ml NE Rd, Conyers, GA 30013-1302
      View Details
    • Value Estimation
      $605,000
      23,250 SF

      1718 Hwy 138th NE

      MANUFACTURING (LIGHT) • 23,250 SF
      1718 Hwy 138th NE, Conyers, GA 30013-1287
      View Details
    • Value Estimation
      $325,000
      3,750 SF

      1961 Old Covington NE Rd

      MANUFACTURING (LIGHT) • 3,750 SF
      1961 Old Covington NE Rd, Conyers, GA 30013-1521
      View Details
    • Value Estimation
      $935,000
      89,384 SF

      2145 Park NE Dr

      MANUFACTURING (LIGHT) • 89,384 SF
      2145 Park NE Dr, Conyers, GA 30013-5743
      View Details

    Similar Nearby for Sale

    • $790,000
      Pending

      Conyers Office/Manufacturing Building For Sale

      Meticulously maintained office/manufacturing building with lake and ample parking.
      2141 Eastview Pkwy NE, Conyers, GA 30013
      View Details
    • $744,000
      1,000 SF

      Conyers Industrial Business w/Home

      Profitable Business, Home Included, 1 Acre
      360 Glenn Rd, Conyers, GA 30013
      View Details
    • Contact for pricing
      152,948 SF

      Conyers Warehouse Ready For Occupancy

      152,948 SF warehouse divisible to 50,000 SF.
      190 North Salem Rd, Conyers, GA 30013
      View Details
    • Contact for pricing
      212,745 SF

      Available Industrial Space Ready Now

      Industrial space available for occupancy with spec office and dock-high doors.
      1851 SE Old Covington Hwy, Conyers, GA 30013
      View Details
    • $450,000

      Conyers Storage Facility Value-Add Opportunity

      Value-add storage facility in growing Atlanta suburb near I-20.
      2570 Flat Shoals Rd SE, Conyers, GA 30013
      View Details
    • $858,000
      3.40 Acres

      Conyers Mixed-Use Land Tract

      3.4 Acres, I-20 Visibility
      1960 Flat Shoals Rd, Conyers, GA 30013
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      201,403 SF

      Conyers Warehouse Near Interstate Access

      201,403 SF warehouse with convenient interstate access.
      2107 Eastview Pkwy Northeast, Conyers, GA 30013
      View Details
    • Contact for pricing
      23,250 SF

      Conyers Warehouse with Office Space

      23,250± SF warehouse with office space for lease.
      1718 Highway 138 NE, Conyers, GA 30013
      View Details
    • Contact for pricing
      33,750 SF

      Industrial Property with Fenced Storage

      Industrial space featuring office, high ceilings, dock doors, and storage.
      Conyers, GA 30013
      View Details
    • Contact for pricing
      45,670 SF

      Freestanding Building Near GA Highway

      Freestanding building for lease, less than 1 mile from GA-138.
      2192 Eastview Pkwy Northeast, Conyers, GA 30013
      View Details
    • Contact for pricing
      310,776 SF

      East Park Warehouse Distribution Space

      Large Conyers, GA warehouse space available.
      2020 Park Dr, Conyers, GA 30013
      View Details
    • Contact for pricing
      226,256 SF

      Industrial Building with Expandable Storage

      226,256 SF industrial building for rent in Conyers, GA.
      2175 E Park Dr NE, Conyers, GA 30013
      View Details
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    Conyers, GA 30013-5003
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    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
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