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Property profile & analytics
OFF-MARKET
Estimated value
$1,205,000
Office Spaces
204 Liberty Ave Covington, TN 38019-2512
Individually Owned
12-yr Hold
Free & Clear
Property ID
US80-0518861
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1962
Total area
12,061 SF
Lot
0.66 ac (28,750 SF)
APN
084041C C 00400
UPID
US80-0518861
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
Current use
Occupant on record · Public records
-
Liberty Hall Wedding Service
-
Coulston R L & Sons Inc Building Supply Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$1.21M
Owner & transaction history
William A Peeler · 12 yrs held
William A Peeler
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.21M
Range $1.08M – $1.33M · ±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
$100 / 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
$7,126
Tax year 2022
Assessed value
$231,920
Assessed 2023
Previous assessed
$217,160
+6.8% YoY
Effective rate
3.07%
On assessed value
Assessed land
$8,800
Assessed improvement
$223,120
Land market value
$22,000
Improvement market value
$557,800
Total market value
$579,800
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1962
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
5
Total area
12,061 SF
Lot
0.66 ac (28,750 SF)
APN
084041C C 00400
UPID
US80-0518861
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
1962
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
5
Lot
0.66 ac
Current owner
From public records · entity-resolved
William A Peeler
Individual
Free & Clear · 12 yrs held
Mailing address
214 E LIBERTY AVE, COVINGTON, TN 38019-2512
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2014
$2,090
William A Peeler
Baskin,donald M JR
Warranty Deed
—
Jun 20, 2014
—
Donald M Baskin JR.
Baskin,catherine W
Quit Claim Deed
related
—
Jun 25, 2013
$703,108
Donald M Baskin
Darnell Clifton E
Trustees Deed
—
Dec 30, 2009
$286,000
Michael W Kent
Patriot Bk
Warranty Deed
$286,136 · Patriot Bank NA
Dec 11, 2009
—
Patriot Bk
City Of Covington
Quit Claim Deed
related
—
Oct 9, 2009
$286,000
Patriot Bk
Brasfield Duke H
Trustees Deed
related
—
Jun 2, 2004
$250,000
Wilkins,john H JR Etal
Industrial Devel
Trustees Deed
—
Jun 2, 2004
—
Industrial Development Board O
Covington,electr
Trustees Deed
related
—
May 18, 2004
$250,000
John H Wilkins JR.
Wilkins,john H JR & Monica A
Grant Deed
related
—
—
—
Michael W Kent
—
Deed Of Trust
related
$668,150 · Patriot Bank NA
—
—
Michael W Kent
—
Deed Of Trust
related
$534,520 · Patriot Bank NA
—
—
John H Wilkins JR.
—
Deed Of Trust
related
$85,000 · Jmaes C SR Timbs
—
—
Michael W Kent
—
Deed Of Trust
related
$668,150 · Patriot Bank NA
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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