Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    3249 Salem Rd Covington, GA 30016-1863

    • Strip malls
    • 53,994 SF
    • 6.95 lot acres
    OFF-MARKET
    Value Estimation
    $725,000
    Last Sale
    Nov 14, 2022
    Location Intelligence
    Property ID
    US22-1109620
    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.

    Current Use by Public Records

    • Strip malls

    Property Details for 3249 Salem Rd

    Year built
    1987
    Construction
    STEEL & CONCRETE
    Lot size
    6.95 lot acres
    Property size
    53,994 SF
    Zone code
    C1
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    0012A-00000-142-000
    APU
    0012A00000142000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Newton
    State
    Georgia
    Longitude
    -83.9733
    Latitude
    33.6013
    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
    $23,032
    $266,739
    $582,101
    $848,840
    -
    $666,847
    $1,455,253
    $2,122,100

    Comparable in this City

    • Value Estimation by Request
      125,971 SF

      3600 Salem Rd

      SHOPPING CENTER, STRIP CENTER • 125,971 SF
      3600 Salem Rd, Covington, GA 30016-4526
      View Details
    • Value Estimation
      $3,740,000
      78,800 SF

      5340 Hwy 20th S

      SHOPPING CENTER, STRIP CENTER • 78,800 SF
      5340 Hwy 20th S, Covington, GA 30016-8085
      View Details
    • Value Estimation
      $1,775,000
      66,660 SF

      13015 Brown Brg Rd

      SHOPPING CENTER, STRIP CENTER • 66,660 SF
      13015 Brown Brg Rd, Covington, GA 30016-9111
      View Details
    • Value Estimation by Request
      12,000 SF

      2600 Ga-212

      Lifestyle centers • 12,000 SF
      2600 Ga-212, Covington, GA 30016
      View Details
    • Value Estimation
      $535,000
      9,100 SF

      2481 Hwy 81st S

      WHOLESALE OUTLET, DISCOUNT STORE • 9,100 SF
      2481 Hwy 81st S, Covington, GA 30016-8605
      View Details
    • Value Estimation
      $730,000
      8,320 SF

      3250 Hwy 81st S

      WHOLESALE OUTLET, DISCOUNT STORE • 8,320 SF
      3250 Hwy 81st S, Covington, GA 30016-7518
      View Details

    Similar Nearby for Sale

    • $995,000
      1.31 Acres

      Covington, GA Pad-Ready Site

      1.31 Acres, Prime Commercial Location
      4283 Salem Rd, Covington, GA 30016
      View Details
    • $350,000
      6.14 Acres

      High-Traffic Covington Commercial Land

      6.14 Acres, Hwy 20 Frontage, High Visibility
      Highway 20, Covington, GA 30016
      View Details
    • $2,500,000
      16.00 Acres

      Covington, GA Commercial Land

      16 Acres, Prime Location, $2.5M
      162 & Dry Pond, Covington, GA 30016
      View Details
    • $55,000
      2.00 Acres

      Covington, GA Development Land

      Prime development land in Covington, GA, with ample purposes.
      Lower River Rd, Porterdale, GA 30016
      View Details
    • $45,000

      Almost One-Acre Lot Available

      Almost one-acre lot in Covington, owner financing available.
      185 Mountain View Cir, Covington, GA 30016
      View Details
    • $99,900

      Yellow River Recreation Lot

      8.5 acre wooded lot on the Yellow River.
      240 Riverbrooke Rd, Covington, GA 30016
      View Details

    Similar Nearby for Lease

    • $2,100 /Mo
      111,949 SF

      Versatile Industrial Space Near I-20

      1,500 SF industrial suite in Covington, near I-20.
      40 Chamisa Rd, Covington, GA 30016
      View Details
    • $2,100 /Mo
      1,500 SF

      Industrial Space Near I-20

      Versatile 1,500 SF industrial space in Covington, GA for lease.
      40 Chamisa Rd, Covington, GA 30016
      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.
    3249 Salem Rd
    Covington, GA 30016-1863
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.