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Property profile & analytics
OFF-MARKET
Estimated value
$1,080,000
Auto shops
3288 Hwy 278 Covington, GA 30014
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US22-2773910
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1975
Construction
STEEL & CONCRETE
Total area
7,254 SF
Lot
0.6 ac (26,136 SF)
Zoning code
C1
APN
C0210-00010-014-000
UPID
US22-2773910
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
$765k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.44M
Blend (final)
Blend
$1.08M
Owner & transaction history
3288 Highway 278 LLC · 5 yrs held
3288 Highway 278 LLC
since 2021
Last sale
$1.0M
6 recorded transactions
Zoning & alternative use
C1 · Covington, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.6M
+73.4%
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
$925,000
ML approach
$765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$905,000
Current use
COMMERCIAL (GENERAL)
$1,570,000
Change: +73% · Conversion: Moderate
RETAIL STORES
$805,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$1.08M
Range $972k – $1.19M · ±10% · vs last sale $1.00M (Apr 5 2021)
Last sale anchor
$1.00M
Apr 5 2021
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
$149 / 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
$16,789
Tax year 2023
Assessed value
$447,720
Assessed 2023
Previous assessed
$447,720
+0.0% YoY
Effective rate
3.75%
On assessed value
Assessed land
$209,440
Assessed improvement
$238,280
Land market value
$523,600
Improvement market value
$595,700
Total market value
$1,119,300
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1975
Construction
STEEL & CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
3
Total area
7,254 SF
Lot
0.6 ac (26,136 SF)
Zoning code
C1
APN
C0210-00010-014-000
UPID
US22-2773910
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
AUTO REPAIR, GARAGE Current
Est. value
$905,000
COMMERCIAL (GENERAL)
Est. value
$1.6M
RETAIL STORES
Est. value
$805,000
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
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
1975
Construction
STEEL & CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
3
Lot
0.6 ac
Current owner
From public records · entity-resolved
3288 Highway 278 LLC
Entity
Mailing address
1525 DEAN HL RD, MONROE, GA 30655-7429
Ownership since
2021
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
Sep 18, 2023
—
3288 Highway 278 LLC
—
Deed
related
$1,276,400 · Truist Bank
May 10, 2021
—
Lss Holdings LLC
—
Deed
related
$1,235,000 · First Savings Bank
Apr 5, 2021
$1,000,000
3288 Highway 278 LLC
J & L Holdings & Investments LLC
Warranty Deed
$1,235,000 · First Savings Bank
Feb 17, 2004
—
London Rlty Co Lllp
London Rlty Cp Ltd
Quit Claim Deed
related
—
Feb 17, 2004
$375,000
J & L Holdings & Invest LLC
London Rlty Co Lllp
Grant Deed
related
$283,464 · Main Street Bank
—
—
J & L Holdings & Invest INC
—
Deed Of Trust
related
$208,805 · United Bank
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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