Technical
Financial
Distress signals
Property profile

3499 Hwy 51st S Covington, TN 38019

OFF-MARKET
Commercial real estate
Property ID
US80-2870887
14.78 ac lot
Entity Owned 4-yr Hold Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 14.78 ac (643,817 SF)
APN 084051 05211
UPID US80-2870887

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Cemetery

Location

3499 Hwy 51st S Covington, TN 38019-3653
Covington metro Census 40601 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.74M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.86M

Owner & transaction history

since 2021
Last sale
$2.8M
4 recorded transactions
2021
$2.8M
2021
Price N/A
2006
$150,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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