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    Property profile & analytics

    505 Oak Hl Rd Covington, GA 30016-4213

    • Industrial properties
    • 161.26 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Sep 20, 2023
    Location Intelligence
    Property ID
    US22-4672357
    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

    • Industrial properties

    Property Details for 505 Oak Hl Rd

    Year built
    2012
    Construction
    STEEL FRAME
    Lot size
    161.26 lot acres
    Property type
    Industrial properties
    APN
    C1590-00000-001-C00
    APU
    C159000000001C00

    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
    -83.9551
    Latitude
    33.5475
    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
    $1,179,466
    $5,212,732
    $38,255,472
    $43,468,204
    -
    $13,031,829
    $95,638,680
    $108,670,509

    Comparable in this City

    • Value Estimation
      $330,000
      4,000 SF

      35 Juniper Ct

      INDUSTRIAL (GENERAL) • 4,000 SF
      35 Juniper Ct, Covington, GA 30016-1187
      View Details
    • Value Estimation by Request
      0.01 Acres

      505 Oak Hl Rd

      INDUSTRIAL (GENERAL) • 0.01 Acres
      505 Oak Hl Rd, Covington, GA 30016-4213
      View Details
    • Value Estimation by Request
      8.62 Acres

      Brown Bridge Rd

      Farms • 8.62 Acres
      0 Brown Bridge Rd, Covington, GA 30016
      View Details
    • Value Estimation by Request
      0.21 Acres

      218 Scout Rd

      INDUSTRIAL (GENERAL) • 0.21 Acres
      218 Scout Rd, Covington, GA 30016-5680
      View Details
    • Value Estimation by Request
      6.55 Acres

      Pickett Brg Rd Rd

      Industrial properties • 6.55 Acres
      Pickett Brg Rd Rd, Covington, GA 30016
      View Details
    • Value Estimation
      $810,000
      12,000 SF

      40 Chamisa Rd

      INDUSTRIAL (GENERAL) • 12,000 SF
      40 Chamisa Rd, Covington, GA 30016-1167
      View Details

    Similar Nearby for Sale

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    • $69,999
      0.42 Acres

      Ready-to-Build Corner Lot

      Spacious corner lot ready for construction in Covington, Georgia.
      245 Camerons Way, Covington, GA 30016
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    • $125,000
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      Commercial Lot Near Kroger

      Commercial land for sale near Hwy 20/212 in Covington.
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    • $215,000
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      Covington Multifamily Investment Opportunity

      2.45-acre property with three income-generating units and development potential.
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    Similar Nearby for Lease

    • New
      $2,100 /Mo
      1,500 SF

      Covington Industrial Flex Space Available

      Versatile 1,500 SF industrial space in Covington, GA for lease.
      40 Chamisa Rd, Covington, GA 30016
      View Details
    • New
      $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
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    Covington, GA 30016-4213
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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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