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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Warehouses
1934 Hwy 51st S Covington, TN 38019-3623
Individually Owned
12-yr Hold
Free & Clear
Property ID
US80-1850960
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1977
Construction
FRAME
Total area
19,200 SF
Lot
5.8 ac (252,648 SF)
APN
084051E A 00502
UPID
US80-1850960
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
$460k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$842k
Blend (final)
Blend
$650k
Owner & transaction history
Donald M Baskin JR. · 12 yrs held
Donald M Baskin JR.
since 2014
7 recorded transactions
Zoning & alternative use
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
$460,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$595,000
Current use
Blend value · Realmo final
$650k
Range $585k – $715k · ±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
$34 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$11,049
Tax year 2022
Assessed value
$353,640
Assessed 2023
Previous assessed
$336,720
+5.0% YoY
Effective rate
3.12%
On assessed value
Assessed land
$141,480
Assessed improvement
$212,160
Land market value
$353,700
Improvement market value
$530,400
Total market value
$884,100
Applied tax rate
84.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1977
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Units
1
Bathrooms
3
Total area
19,200 SF
Lot
5.8 ac (252,648 SF)
APN
084051E A 00502
UPID
US80-1850960
Jurisdiction
TIPTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$595,000
WAREHOUSE, STORAGE Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1977
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Units
1
Bathrooms
3
Lot
5.8 ac
Current owner
From public records · entity-resolved
Donald M Baskin JR.
Individual
Free & Clear · 12 yrs held
Mailing address
1870 HWY 51ST S, COVINGTON, TN 38019-3622
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2014
—
Donald M Baskin JR.
Baskin,catherine W
Quit Claim Deed
related
—
Sep 30, 2005
$675,000
Donald M Baskin JR.
Baskin,donald SR & Peggy A
Warranty Deed
related
—
Oct 21, 2004
$650,001
Donald Baskin SR.
Atkins Brothers Motor Co INC
Trustees Deed
$300,000 · Bancorp South Bank
Apr 10, 1995
$650,000
Atkins Brothers Motor Co
Unknown,
Grant Deed
$200,000 · Tennessee Community Bank
Jan 9, 1995
$650,000
Atkins Bros Motor Co
Unknown,
Grant Deed
$4,125,000 · Tennessee Community Bank
Jul 31, 1994
$650,000
Atkins Bros Motor Co INC
Unknown,
Grant Deed
$599,123 · Tennessee Commerce Bank
Aug 18, 1990
$650,000
Atkins Brothers Motor Co
Unknown,
Grant Deed
—
Jul 31, 1990
$650,000
Atkins Brothers Motor Co
Unknown
Grant Deed
—
Sep 1, 1988
$600,000
Hbr Corporation
Unknown,
Grant Deed
—
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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