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Property profile & analytics
OFF-MARKET
Estimated value
$9,675,000
Drug stores
3188 Hwy 278th NE, Covington, GA 30014-2300
Entity Owned
4-yr Hold
Free & Clear
Property ID
US22-2173114
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2012
Construction
FRAME
Total area
14,820 SF
Lot
1.79 ac (77,972 SF)
Zoning code
C1
APN
C0210-00020-001-A00
UPID
US22-2173114
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
$8.49M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.68M
Owner & transaction history
Desanti Properties LLC · 4 yrs held
Desanti Properties LLC
since 2022
Last sale
$10.1M
6 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
$9,990,000
ML approach
$8,490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.68M
Range $8.71M – $10.64M · ±10% · vs last sale $10.11M (Mar 1 2022)
Last sale anchor
$10.11M
Mar 1 2022
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
$653 / 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
$62,550
Tax year 2023
Assessed value
$1,668,080
Assessed 2023
Previous assessed
$1,668,080
+0.0% YoY
Effective rate
3.75%
On assessed value
Assessed land
$312,760
Assessed improvement
$1,355,320
Land market value
$781,900
Improvement market value
$3,388,300
Total market value
$4,170,200
Applied tax rate
9.0000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2012
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
14,820 SF
Lot
1.79 ac (77,972 SF)
Zoning code
C1
APN
C0210-00020-001-A00
UPID
US22-2173114
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.
Building & site characteristics
From public records
Year built
2012
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
2
Lot
1.79 ac
Current owner
From public records · entity-resolved
Desanti Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
7906 E BALAO DR, SCOTTSDALE, AZ 85266-2781
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2022
$10,110,000
Desanti Properties LLC
New Port Richey Investments LLC
Warranty Deed
—
Feb 5, 2013
$8,075,000
New Port Richey Invs LLC
Covington Ga Pharmacy LLC
Grant Deed
$3,750,000 · 40/86 Mortgage Capital INC
Feb 1, 2013
$8,075,000
New Port Richey Investments Ll
Covington Ga Pharmacy LLC
Grant Deed
$3,750,000 · 4086 Mortgage Capital
Aug 31, 2010
—
Covington Ga Pharmacy LLC
Petroleum Realty II LLC
Quit Claim Deed
related
—
Aug 31, 2010
$850,000
Covington Ga Pharmacy LLC
Petroleum Realty II LLC
Grant Deed
—
Aug 18, 2010
—
Covington Ga Pharmacy LLC
Petroleum Realty II LLC
Grant Deed
related
—
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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