Property profile

1992 Hwy 51st S Covington, TN 38019

OFF-MARKET
Assisted living facilities
Property ID
US80-1291996
50,476 SF 5.75 ac lot Built 1972
Entity Owned 8-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1972
Total area 50,476 SF
Lot 5.75 ac (250,470 SF)
APN 084051E A 00501
UPID US80-1291996

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1992 Hwy 51st S Covington, TN 38019-3623
Covington metro Census 40602 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$890k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$890k

Owner & transaction history

since 2018
7 recorded transactions
2024
Price N/A
2020
Price N/A
2019
Price N/A
2018
$5.5M
2017
Price N/A
2016
$6.1M
2016
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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