Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Financial
Distress signals
Property profile

2180 NE Elm St NE Covington, GA 30014

FOR LEASE
Other office properties
Property ID
US22-2738111
4,483 SF 1.2 ac lot Built 1967
Last sale May 2024
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property is a professional office building in Covington, configured to provide individually designated office suites and shared workspace (co-working) options. The office suites are approximately 12 feet by 12 feet, and the building offers staffed service Monday through Friday with secure tenant access available 24 hours a day. On-site amenities include paved parking, shared use of a conference room and a training room, and a kitchen/break area. There are three restrooms located within the…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$6k
Tax billed · 2023
Assessed value$185k
Assessed land$63k
Assessed improvement$122k
Effective rate3.25%

Value estimate

· Oct 2026
$320k
$288k – $352k
CAP approach$840k
Submarket $/SF estimate$723k
NOI build-up
Gross scheduled income$107k
Vacancy & credit loss−$27k
Operating expenses−$20k
NOI · 12,006.40% cap applied$60k

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$217/SF
ZIP average, outlier-cleaned · 56 recorded sales of this use type
Observed band · Q1–Q3$92 – $342
Qualifying comparables11

Cap rate analysis

How does the asset earn?
12,006.40%
$60k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C1
JurisdictionNEWTON

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility11.4
Storage Facility10.2
Electrical Service10.1

Location

2180 NE Elm St NE Covington, GA 30014
County assessor Recorded deeds · 3 transfers 11 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4124 Hwy 278th NE, Covington, GA 30014-2494 $950,000 May 2025 3,448 SF
2117 Clark SW, Covington, GA 30014-2315 $218,000 Apr 2025 3,475 SF
4168 Baker NE, Covington, GA 30014-1404 $1,600,000 Mar 2025 3,705 SF
4134 Hwy 278th NE, Covington, GA 30014-2494 $840,000 Jul 2024 4,200 SF
4198 Hwy 278th NE, Covington, GA 30014-2494 $1,307,300 May 2024 3,542 SF
4146 Hwy 278th NE, Covington, GA 30014-2494 $635,000 Dec 2022 4,536 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved
Reason not saved — we won't ask again