Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3196 Washington SW St Covington, GA 30014
    Back to Search
    Property profile & analytics

    3196 Washington SW St, Covington, GA 30014

    View on Map
    • Turn key restaurants
    • 1,170 SF
    • 1.65 lot acres
    Off-Market
    Property ID
    US22-1684211
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 3196 Washington SW St

    Year built
    1960
    Construction
    CONCRETE
    Lot size
    1.65 lot acres
    Zone code
    C1
    Property type
    Turn key restaurants
    APN
    C0350-00020-002-000
    APU
    C035000020002000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 14, 2020 — Anthony Maddox — Deed · related $350k · United Cmnty Bk
    Jun 7, 2013 $139,900 Washington Webster LLC Tower Financial Svcs INC Grant Deed $140k · Tower Financial Group
    Dec 12, 2011 $283,000 Jimmy Clark JR. Clark,jimmy JR Trustees Deed · related —
    Nov 1, 2011 — Tower Financial Svcs INC Clark,jimmy JR Grant Deed · related —
    Oct 1, 2007 $400,000 Jimmy Clark JR. Harvey,james F Grant Deed $390k · Harvey James F
    — — Anthony Maddox — Loan Modification · related $250k · United Cmnty Bk
    — — Anthony Maddox — Loan Modification · related $350k · United Cmnty Bk
    — — Jimmy Clark JR. — Deed Of Trust · related $100k · Frank F Harvey
    — — Jimmy Clark JR. — Deed Of Trust · related $283k · Tower Financial Services

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Newton
    State
    Georgia
    Longitude
    -83.8684
    Latitude
    33.5952
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,405
    $39,520
    $219,120
    $258,640
    -
    $98,800
    $547,800
    $646,600

    Comparable in this City

    • Value Estimation by Request
      1,480 SF

      11257 Hwy 36

      RESTAURANT
      11257 Hwy 36, Covington, GA 30014-7024
      View Details
    • Value Estimation
      $795,000
      2,284 SF

      12856 Town Ctr Dr

      RESTAURANT
      12856 Town Ctr Dr, Covington, GA 30014-3675
      View Details
    • Value Estimation
      $510,000
      9,072 SF

      10187 Access Rd

      RESTAURANT
      10187 Access Rd, Covington, GA 30014-2160
      View Details
    • Value Estimation
      $1,835,000
      9,120 SF

      1113 Church SE St

      RESTAURANT
      1113 Church SE St, Covington, GA 30014-2318
      View Details
    • Value Estimation
      $940,000
      3,144 SF

      11120 Hwy 142nd N

      RESTAURANT
      11120 Hwy 142nd N, Covington, GA 30014-2547
      View Details
    • Value Estimation
      $700,000
      5,252 SF

      4102 Hwy 278th NE

      RESTAURANT
      4102 Hwy 278th NE, Covington, GA 30014-2494
      View Details

    Similar Nearby for Sale

    • $350,000

      Prime Commercial Land For Sale

      2.06-acre commercial land with high visibility and accessibility.
      10717 Highway 36, Covington, GA 30014
      View Details
    • $195,000

      Covington Commercial Lot For Sale

      Almost 1 acre lot in Covington city limits.
      6130 Monticello St, Covington, GA 30014
      View Details
    • Contact for pricing
      11,358 SF

      New Retail Shops with Drive-Thru

      New construction retail building with drive-thru in Covington, Georgia.
      4153 Highway 278 NE, Covington, GA 30014
      View Details
    • $1,500,000
      5,315 SF

      Covington Commercial Property For Sale

      3.557 acres with multiple buildings, ideal for commercial development.
      6125 Washington St SW, Covington, GA 30014
      View Details
    • $3,000,000

      Profitable Tire Shop For Sale

      Established tire shop with building, inventory, equipment, and land.
      6166 Washington St SW, Covington, GA 30014
      View Details
    • Contact for pricing
      3,120 SF

      Versatile Retail Space Near Covington

      Retail space suitable for various community-focused uses.
      6135 Petty St SW, Covington, GA 30014
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      19,200 SF

      Jackson Market: Covington Retail Space

      High-traffic retail space, flexible layouts.
      4115 Highway 278, Covington, GA 30014
      View Details
    • Contact for pricing

      Industrial Outdoor Storage Available

      Industrial outdoor storage with secured, lit, and fenced space.
      1597 Access Rd, Covington, GA 30014
      View Details
    • Contact for pricing

      Modern Distribution Facility Ready Now

      Class A distribution space available near I-20 in Covington, GA.
      14138 Lake Forest Ct NE, Covington, GA 30014
      View Details
    • Contact for pricing

      Professional Office Suites For Rent

      Individual office suites and co-working spaces available for rent.
      2180 NE Elm St NE, Covington, GA 30014
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3196 Washington SW St
    Covington, GA 30014
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3196 Washington SW St, Covington, GA, 30014
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!