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Property profile & analytics
OFF-MARKET
Estimated value
$3,920,000
Warehouses
40 Pinyon Rd Covington, GA 30016-1172
Entity Owned
6-yr Hold
Free & Clear
Property ID
US22-0992647
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1997
Construction
STEEL FRAME
Total area
60,000 SF
Lot
10.71 ac (466,528 SF)
Zoning code
I1
APN
00240-00000-192-000
UPID
US22-0992647
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
$4.86M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.19M
Blend (final)
Blend
$3.92M
Owner & transaction history
Plymouth Pinyon Ga LLC · 6 yrs held
Plymouth Pinyon Ga LLC
since 2020
Last sale
$3.9M
7 recorded transactions
Zoning & alternative use
I1 · 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
$3,855,000
ML approach
$4,855,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,930,000
Current use
Blend value · Realmo final
$3.92M
Range $3.53M – $4.31M · ±10% · vs last sale $3.85M (Jan 30 2020)
Last sale anchor
$3.85M
Jan 30 2020
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
$65 / 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
$31,805
Tax year 2023
Assessed value
$1,172,160
Assessed 2023
Previous assessed
$1,172,160
+0.0% YoY
Effective rate
2.71%
On assessed value
Assessed land
$120,000
Assessed improvement
$1,052,160
Land market value
$300,000
Improvement market value
$2,630,400
Total market value
$2,930,400
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1997
Construction
STEEL FRAME
Heating
SPACE
Cooling
CENTRAL
Stories
1
Bathrooms
8
Total area
60,000 SF
Lot
10.71 ac (466,528 SF)
Zoning code
I1
APN
00240-00000-192-000
UPID
US22-0992647
Jurisdiction
NEWTON
Zoning & alternative use
I1 · Covington, GA
Zoning I1 · permitted uses
I1 · 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
WAREHOUSE, STORAGE Current
Est. value
$5.9M
WAREHOUSE, STORAGE Current
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
1997
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Bathrooms
8
Lot
10.71 ac
Current owner
From public records · entity-resolved
Plymouth Pinyon Ga LLC
Entity
Free & Clear · 6 yrs held
Mailing address
20 CUSTOM HOUSE ST STE, BOSTON, MA 02110-3513
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2026
—
Plymouth Pinyon Ga LLC
—
Deed
related
$1,463,000 · Goldman Sachs Bank USA
Jan 28, 2026
—
Plymouth Pinyon Ga LLC
—
Deed
related
$463,000,064 · Citibank
Jan 30, 2020
$3,850,000
Plymouth Pinyon Ga LLC
Hk Covington LLC
Grant Deed
—
Jul 20, 2018
$1,835,000
Hk Covington LLC
Adkt LLC
Limited Warranty Deed
—
Jul 20, 2018
—
Hk Covington LLC
Adkt LLC
Quit Claim Deed
related
—
Feb 27, 2012
—
Adkt LLC
Pinyon Road LLC
Quit Claim Deed
related
$1,010,000 · Pinyon Road LLC
Feb 27, 2012
$1,100,000
Adkt LLC
Pinyon Road LLC
Grant Deed
—
Feb 22, 2012
$1,100,000
Adkt LLC
Pinyon Road LLC
Grant Deed
—
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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