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Property profile & analytics
OFF-MARKET
Estimated value
$890,000
Assisted living facilities
1992 Hwy 51st S Covington, TN 38019-3623
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US80-1291996
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
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
Covington Tn Propco LLC · 8 yrs held
Covington Tn Propco LLC
since 2018
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
$890,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$890k
Range $801k – $979k · ±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
$18 / 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
$41,957
Tax year 2022
Assessed value
$1,357,600
Assessed 2023
Previous assessed
$1,278,680
+6.2% YoY
Effective rate
3.09%
On assessed value
Assessed land
$160,320
Assessed improvement
$1,197,280
Land market value
$400,800
Improvement market value
$2,993,200
Total market value
$3,394,000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1972
Heating
RADIANT
Cooling
YES
Stories
1
Units
1
Bathrooms
74
Total area
50,476 SF
Lot
5.75 ac (250,470 SF)
APN
084051E A 00501
UPID
US80-1291996
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
Building & site characteristics
From public records
Year built
1972
Heating
RADIANT
Cooling
Yes
Stories
1
Units
1
Bathrooms
74
Lot
5.75 ac
Current owner
From public records · entity-resolved
Covington Tn Propco LLC
Entity
Mailing address
440 SYLVAN AVE STE #240, ENGLEWOOD CLIFFS, NJ 07632-2700
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2024
—
Covington Tn Propco LLC
—
Deed
related
$400,000,000 · Monticelloam Funding Sh-77 LLC
Mar 25, 2020
—
Midtown Propco LLC
—
Deed
related
$41,000,000 · Monticello Structured Products
Mar 27, 2019
—
Covington Tn Propco LLC
—
Grant Deed
related
$15,272,000 · Dwight Cap
May 17, 2018
$5,460,000
Covington Tn Propco LLC
Covington R/e Invtrs LLC
Grant Deed
—
Feb 1, 2017
—
Covington R & E Invtrs LLC
—
Loan Modification
related
$14,242,694 · Bank Of Ok
Jan 4, 2016
$6,089,154
Covington R & E Invtrs LLC
Covington Long Term Facility I
Grant Deed
—
Jan 4, 2016
—
Covington R & E Invtrs LLC
Covington Long Term Facility I
Quit Claim Deed
related
$6,300,000 · Bank Of Ok
May 4, 2011
—
Covington Long Term Facility I
Nursing An Covington Manor
Quit Claim Deed
related
$5,920,000 · Lancaster Pollard Mortgage
Dec 30, 2009
—
American Health Companies In
—
Deed Of Trust
related
$124,440,701 · Regions Bank
Mar 3, 2009
—
Mnr Nursing Covington
—
Deed Of Trust
related
$155,000,000 · Regions Bank
—
—
Midtown Propco LLC
—
Deed Of Trust
related
$41,000,000 · Monticello Structured Products
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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