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Property profile & analytics
OFF-MARKET
Estimated value
$1,260,000
Office Spaces
5109 Hwy 278th NE Covington, GA 30014-2608
Individually Owned
2-yr Hold
Free & Clear
Property ID
US22-1400484
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1999
Construction
WOOD
Total area
6,600 SF
Lot
0.6 ac (26,136 SF)
Zoning code
C1
APN
C0070-00130-015-000
UPID
US22-1400484
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
$1.26M
CAP Approach
CAP
$1.24M
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.26M
Owner & transaction history
Mark Ross · 2 yrs held
Mark Ross
since 2024
Last sale
$1.3M
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
Method
Estimation
Statistic approach
$1,260,000
ML approach
$1,260,000
CAP Approach
CAP Return
Estimation
6%
$1,335,000
6.5%
$1,235,000
7%
$1,145,000
Blend value · Realmo final
$1.26M
Range $1.13M – $1.39M · ±10% · vs last sale $1.26M (Mar 19 2024)
Last sale anchor
$1.26M
Mar 19 2024
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
$191 / 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
$15,010
Tax year 2023
Assessed value
$400,280
Assessed 2023
Previous assessed
$400,280
+0.0% YoY
Effective rate
3.75%
On assessed value
Assessed land
$135,880
Assessed improvement
$264,400
Land market value
$339,700
Improvement market value
$661,000
Total market value
$1,000,700
Applied tax rate
9.0000
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
1999
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
16
Total area
6,600 SF
Lot
0.6 ac (26,136 SF)
Zoning code
C1
APN
C0070-00130-015-000
UPID
US22-1400484
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
1999
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
16
Lot
0.6 ac
Current owner
From public records · entity-resolved
Mark Ross
Individual
Free & Clear · 2 yrs held
Mailing address
5109 HIGHWAY, 278, GA
Ownership since
2024
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
Mar 19, 2024
$1,260,000
Mark Ross
Kelbreck Holdings LLC
Warranty Deed
—
Mar 19, 2024
—
Mark J Ross LLC
Mark Ross
Warranty Deed
—
May 20, 2021
$930,000
Kelbreck Holdings LLC
D Dillard Properties LLC
Warranty Deed
$744,000 · Southcrest Bank
Nov 1, 2019
$850,000
D Dillard Properties LLC
Bkc LLC
Grant Deed
$680,000 · Oconee St Bk
Feb 12, 2019
—
Bkc LLC
—
Deed
related
$649,919 · National Ln Acquisitions
Jan 9, 2007
—
Bkc LLC
Cannon,franklin Oneal
Grant Deed
related
—
—
—
Bkc LLC
—
Loan Modification
related
$649,919 · National Ln Acquisitions
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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