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Property profile & analytics
OFF-MARKET
Estimated value
$4,825,000
Automotive properties
2251 Access Rd Covington, GA 30016-8829
Entity Owned
6-yr Hold
Free & Clear
Property ID
US22-0055802
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2020
Construction
STEEL FRAME
Total area
40,138 SF
Lot
13.59 ac (591,980 SF)
Zoning code
R1
APN
00250-00000-041-000
UPID
US22-0055802
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.31M
Blend (final)
Blend
$4.83M
Owner & transaction history
Ginn Real Estate Holdings LLC · 6 yrs held
Ginn Real Estate Holdings LLC
since 2020
7 recorded transactions
Zoning & alternative use
R1 · Covington, GA
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
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$5,010,000
Current use
RETAIL STORES
$4,455,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$4.83M
Range $4.34M – $5.31M · ±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
$120 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$46,508
Tax year 2023
Assessed value
$1,714,000
Assessed 2023
Previous assessed
$1,714,000
+0.0% YoY
Effective rate
2.71%
On assessed value
Assessed land
$244,600
Assessed improvement
$1,469,400
Land market value
$611,500
Improvement market value
$3,673,500
Total market value
$4,285,000
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2020
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
40,138 SF
Lot
13.59 ac (591,980 SF)
Zoning code
R1
APN
00250-00000-041-000
UPID
US22-0055802
Jurisdiction
NEWTON
Zoning & alternative use
R1 · Covington, GA
Zoning R1 · permitted uses
R1 · Covington, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Covington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$5.0M
RETAIL STORES
Est. value
$4.5M
AUTO REPAIR, GARAGE Current
RETAIL STORES
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
2020
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
2
Lot
13.59 ac
Current owner
From public records · entity-resolved
Ginn Real Estate Holdings LLC
Entity
Free & Clear · 6 yrs held
Mailing address
2251 ACCESS RD, COVINGTON, GA 30016-8829
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2020
—
Ginn Real Estate Holdings LLC
Chrysler Jeep Dodge Ram L Ginn
Quit Claim Deed
related
—
May 9, 2019
$100,000
E88 Properties LLC
Hjubbard,scott
Warranty Deed
—
May 9, 2019
$1,000,000
Ginn Chrysler Jeep Dodge Ram L
E88 Properties LLC
Warranty Deed
—
Nov 20, 2018
$100,000
Scott Hubbard
Harvest Capital Holdings LLC
Warranty Deed
—
Aug 20, 2014
$220,000
Harvest Capital Holdings LLC
Almon Resource LLC
Warranty Deed
related
$179,583 · Pinnacle Bk
Jun 3, 2011
—
Almon Resource LLC
—
Trustees Deed
related
$718,691 · Pinnacle Bank
Oct 2, 2008
—
Almon Resource LLC
Resource Piedmont INC
Quit Claim Deed
related
—
Feb 7, 2008
—
Almon Resource LLC
Withrow,r Lewis
Warranty Deed
related
—
Feb 6, 2008
—
Almon Resource LLC
Withrow,r Lewis
Grant Deed
related
—
Jun 28, 2007
—
Almon Resource LLC
Resource Piedmont INC
Quit Claim Deed
related
—
Jun 18, 2007
—
R Lewis Withrow
Resource Piedmont INC
Warranty Deed
—
Jun 15, 2007
—
R Lewis Withrow
Resource Piedmont INC
Grant Deed
related
—
Jun 1, 2007
$135,000
Resource Piedmont INC
Wilson,george R
Warranty Deed
$101,250 · Legacy State Bank
May 30, 2007
$135,000
Resource Piedmont INC
Wilson,george Richard
Grant Deed
—
—
—
Almon Resource LLC
—
Loan Modification
related
$774,190 · Pinnacle Bank
—
—
Ginn Real Estate Holdings LLC
—
Deed Of Trust
related
$6,160,000 · Ally Bk
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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