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Property profile & analytics
OFF-MARKET
Estimated value
$1,345,000
Grocery and convenience stores
2536 Hwy 81st S Covington, GA 30016-2599
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1411697
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1982
Construction
STEEL FRAME
Total area
8,000 SF
Lot
2.63 ac (114,563 SF)
Zoning code
C1
APN
00280-00000-077-000
UPID
US22-1411697
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
$1.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.55M
Blend (final)
Blend
$1.35M
Owner & transaction history
Baileys Bp Shoppes LLC · 6 yrs held
Baileys Bp Shoppes LLC
since 2020
Last sale
$942,461
7 recorded transactions
Zoning & alternative use
C1 · 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
$1,695,000
ML approach
$1,505,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,310,000
Change: 0% · Conversion: Easy
RESTAURANT
$1,055,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$885,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$815,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.35M
Range $1.21M – $1.48M · ±10% · vs last sale $942k (Jan 6 2020)
Last sale anchor
$942k
Jan 6 2020
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
$168 / 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
$13,151
Tax year 2023
Assessed value
$484,680
Assessed 2023
Previous assessed
$484,680
+0.0% YoY
Effective rate
2.71%
On assessed value
Assessed land
$146,600
Assessed improvement
$338,080
Land market value
$366,500
Improvement market value
$845,200
Total market value
$1,211,700
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1982
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
3
Total area
8,000 SF
Lot
2.63 ac (114,563 SF)
Zoning code
C1
APN
00280-00000-077-000
UPID
US22-1411697
Jurisdiction
NEWTON
Zoning & alternative use
C1 · Covington, GA
Zoning C1 · permitted uses
C1 · 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
COMMERCIAL (GENERAL)
Est. value
$1.3M
RESTAURANT
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$885,000
AUTO REPAIR, GARAGE
Est. value
$815,000
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1982
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
3
Lot
2.63 ac
Current owner
From public records · entity-resolved
Baileys Bp Shoppes LLC
Entity
Mailing address
2741 HERITAGE BND CT, GRAYSON, GA 30017-1694
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2020
—
Baileys Bp Shoppes LLC
—
Deed
related
$834,649 · Capital Cty Bk
Jan 21, 2020
$942,500
Baileys Bp Shoppes LLC
Henry W Anderson
Grant Deed
$7,399 · Harshidaben B Patel
Sep 16, 2016
—
Henry W Anderson
—
Deed
related
—
Jun 21, 2013
—
Henry W Anderson
Branch Bkng & Trust Co
Quit Claim Deed
related
—
—
—
Henry W Anderson
—
Deed Of Trust
related
$542,600 · First American Bank & Trust Co
—
—
Baileys Bp Shoppes LLC
—
Deed Of Trust
related
$834,649 · Capital Cty Bk
—
—
Henry W Anderson
—
Deed Of Trust
related
$353,986 · Jp Cap & Ins INC
—
—
Henry W Anderson
—
Loan Modification
related
—
—
—
Henry W Anderson
—
Deed Of Trust
related
$353,986 · Jp Capital And Insurance
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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