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    Property profile & analytics

    4565 Covington Hwy Decatur, GA 30035-1213

    • Garden apartment buildings
    • 12,024 SF
    • 18.15 lot acres
    OFF-MARKET
    Value Estimation
    $23,245,000
    Last Sale
    Apr 10, 2024
    $23,760,000
    Location Intelligence
    Property ID
    US22-0435685
    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

    • Kislev Golden Gate / Apartment Complex
    • Rockwell Pointe Apartments / Apartment Complex / Condominium Complex
    • KRC Ridge Apartment Homes / Apartment Complex
    • Rockwell Pointe / Apartment Complex

    Property Details for 4565 Covington Hwy

    Year built
    1973
    Lot size
    18.15 lot acres
    Property size
    12,024 SF
    Zone code
    RM100
    Property type
    Garden apartment buildings
    APN
    15 190 01 087
    APU
    1519001087

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $23,760,000

    • CAP approach

      CAP return
      Estimation
      6%
      $23,670,000
      6.5%
      $22,645,000
      7%
      $24,605,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $20,130,000
      Geo Method
      $20,830,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $20,835,000
      Retail
      $23,790,000
      Mixed-Use
      $25,105,000
      Hospitality
      $23,050,000
      Educational
      $21,180,000
      Residential Income
      $19,655,000
      Energy
      $23,110,000
      Income-Based Land
      $23,745,000
      Food Service
      $22,445,000

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.2213
    Latitude
    33.743
    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
    2024
    $418,383
    $633,360
    $8,675,840
    $9,309,200
    -
    $1,583,400
    $21,689,600
    $23,273,000

    Comparable in this City

    • Value Estimation
      $15,985,000
      4,888 SF

      4801 Snapfinger Woods Dr

      GARDEN APT, COURT APT (5+ UNITS) • 4,888 SF
      4801 Snapfinger Woods Dr, Decatur, GA 30035
      View Details
    • Value Estimation
      $28,055,000
      13,494 SF

      4550 Snapfinger Woods Dr

      GARDEN APT, COURT APT (5+ UNITS) • 13,494 SF
      4550 Snapfinger Woods Dr, Decatur, GA 30035
      View Details
    • Value Estimation by Request
      4,320 SF

      5421 Covington Hwy

      GARDEN APT, COURT APT (5+ UNITS) • 4,320 SF
      5421 Covington Hwy, Decatur, GA 30035-2510
      View Details
    • Value Estimation by Request
      7,110 SF

      5816 Covington Hwy

      GARDEN APT, COURT APT (5+ UNITS) • 7,110 SF
      5816 Covington Hwy, Decatur, GA 30035-3718
      View Details
    • Value Estimation by Request
      27,732 SF

      10 Creste Dr

      GARDEN APT, COURT APT (5+ UNITS) • 27,732 SF
      10 Creste Dr, Decatur, GA 30035-4112
      View Details
    • Value Estimation
      $5,680,000
      3,456 SF

      4521 Snapfinger Woods Dr

      GARDEN APT, COURT APT (5+ UNITS) • 3,456 SF
      4521 Snapfinger Woods Dr, Decatur, GA 30035-4129
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      37.78 Acres

      Decatur Development Land

      37.78 Acres, Multifamily Potential
      4674 Snapfinger Woods Dr, Decatur, GA 30035
      View Details
    • Contact for pricing
      42.35 Acres

      Decatur, GA Townhome Development Site

      42.35 Acres, I-20 Corridor, TOD
      4632 Snapfinger Woods Dr, Decatur, GA 30035
      View Details
    • $215,000
      1,620 SF

      Spacious Townhouse with Two-Story Living

      Oversized 2BR/2.5BA townhouse with impressive living room and private balcony.
      1830 Broadway St, Decatur, GA 30035
      View Details
    • $285,000
      0.26 Acres

      Updated Home in Desirable Decatur

      Updated 3-bedroom, 2.5-bath home with modern design and large backyard.
      2419 Greenway Dr, Decatur, GA 30035
      View Details
    • Contact for pricing
      85.43 Acres

      ±85.43 Acres | Multifamily and Townhome Development Site

      Land • 85.43 Acres
      0 Snapfinger Woods Dr, Decatur, GA 30035
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      22,070 SF

      Prime Manufacturing Space Available

      22,070 SF Industrial Building, I-20 Access
      5365 Dividend Dr, Decatur, GA 30035
      View Details
    • $18 SF/Yr
      1,200 SF

      Snapfinger Retail Space For Lease

      Prime Dekalb County retail space available.
      4943 Snapfinger Woods Dr, Decatur, GA 30035
      View Details
    • Contact for pricing
      67,940 SF

      Hidden Hills Village Retail Space

      Decatur, GA retail space available.
      5402 Covington Hwy, Decatur, GA 30035
      View Details
    • $108 SF/Yr
      59,050 SF

      2550 Park Central Blvd

      Distribution properties • 59,050 SF
      2550 Park Central Blvd, Decatur, GA 30035
      View Details
    • Contact for pricing
      10,193 SF

      Retail Space Near Pep Boys

      Retail space with prime exposure and ample parking available for rent.
      2059 S Hairston Rd, Decatur, GA 30035
      View Details
    • $4,000 /Mo
      51,836 SF

      Turn-key Auto Shop Opportunity

      Operating auto shop for lease in high-traffic Decatur corridor.
      6063 Covington Hwy, Decatur, GA 30035
      View Details
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    Decatur, GA 30035-1213
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    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
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