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Property profile & analytics
OFF-MARKET
Office Spaces
5108 Newton NE Dr Covington, GA 30014-2678
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US22-1131612
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1954
Construction
STEEL FRAME
Total area
1,470 SF
Lot
0.16 ac (6,970 SF)
Zoning code
C1
APN
C0090-00060-003-000
UPID
US22-1131612
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Speedway Street LLC · 3 yrs held
Speedway Street LLC
since 2023
Last sale
$316,000
7 recorded transactions
Zoning & alternative use
C1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,244
Tax year 2023
Assessed value
$38,280
Assessed 2023
Previous assessed
$38,280
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$8,800
Assessed improvement
$29,480
Land market value
$22,000
Improvement market value
$73,700
Total market value
$95,700
Applied tax rate
2.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1954
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
1,470 SF
Lot
0.16 ac (6,970 SF)
Zoning code
C1
APN
C0090-00060-003-000
UPID
US22-1131612
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.
Building & site characteristics
From public records
Year built
1954
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Speedway Street LLC
Entity
Mailing address
5108 NEWTON DR NE, COVINGTON, GA 30014-2678
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2023
$316,000
Speedway Street LLC
Shelly B Holifield
Limited Warranty Deed
$310,600 · Us Bank
Jul 11, 2023
—
Shelly B Holifield
Legend Realty Group LLC
Warranty Deed
—
Oct 26, 2016
—
Legend Realty Group
Holifield,h Grier III
Warranty Deed
related
—
Jul 16, 2010
—
Holifield H Grier III
Fantone Properties LLC
Quit Claim Deed
—
Mar 16, 2009
—
Fantone Propertiese LLC
Holifield,shelly B
Warranty Deed
related
—
Mar 11, 2009
—
Fantone Properties LLC
Holifield,shelly B
Grant Deed
related
—
Aug 11, 2006
$137,000
Shelly B Holifield
Piper,quigg
Warranty Deed
$89,000 · Greenpoint Mortgage Funding
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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