Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5180 Washington SW St Covington, GA 30014-2779

    • Warehouses
    • 1,632 SF
    • 0.23 lot acres
    OFF-MARKET
    Last Sale
    Jan 07, 2025
    $105,600
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1150467
    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

    • Warehouses

    Property Details for 5180 Washington SW St

    Year built
    1940
    Lot size
    0.23 lot acres
    Property size
    1,632 SF
    Zone code
    C1
    Property type
    Warehouses
    APN
    C0400-00020-002-B00
    APU
    C040000020002B00

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Newton
    State
    Georgia
    Longitude
    -83.8745
    Latitude
    33.5921
    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
    $491
    $9,480
    $5,640
    $15,120
    -
    $23,700
    $14,100
    $37,800

    Comparable in this City

    • Value Estimation by Request
      5,000 SF

      8300 Hazelbrand NE Rd

      WAREHOUSE, STORAGE • 5,000 SF
      8300 Hazelbrand NE Rd, Covington, GA 30014-1503
      View Details
    • Value Estimation by Request
      2,250 SF

      12620 Hwy 278

      WAREHOUSE, STORAGE • 2,250 SF
      12620 Hwy 278, Covington, GA 30014-1620
      View Details
    • Value Estimation
      $1,545,000
      8,588 SF

      12169 Liberty Dr

      WAREHOUSE, STORAGE • 8,588 SF
      12169 Liberty Dr, Covington, GA 30014-1097
      View Details
    • Value Estimation by Request
      6,296 SF

      6166 Washington SW St

      WAREHOUSE, STORAGE • 6,296 SF
      6166 Washington SW St, Covington, GA 30014-2780
      View Details
    • Value Estimation
      $1,155,000
      19,000 SF

      10321 Stanton Spgs Pkwy

      WAREHOUSE, STORAGE • 19,000 SF
      10321 Stanton Spgs Pkwy, Covington, GA 30014
      View Details
    • Value Estimation by Request
      4,480 SF

      1585 Access Rd

      WAREHOUSE, STORAGE • 4,480 SF
      1585 Access Rd, Covington, GA 30014-1984
      View Details

    Similar Nearby for Sale

    • $475,000
      3,520 SF

      Covington Commercial Property For Sale

      Garage and office buildings suitable for various business purposes.
      4165 Carroll St SW, Covington, GA 30014
      View Details
    • $1,400,000
      6,000 SF

      Industrial Facility with I-20 Visibility

      6,000 SF industrial facility in Covington, Georgia, for sale.
      1595 Access Rd, Covington, GA 30014
      View Details
    • $1,500,000
      10.16 Acres

      Covington, GA Industrial Land For Sale

      10 Acres, M-2 Zoning, Hwy 278 Access
      10120 John R Williams Hwy, Covington, GA 30014
      View Details
    • $249,990
      1.11 Acres

      Covington Industrial Land Opportunity

      Prime 1.11-acre M-1 zoned lot
      00 Moore St St, Covington, GA 30014
      View Details
    • Contact for pricing

      Covington, GA Commercial Land Opportunity

      Prime 25-acre commercial tract near I-20.
      10055 Eagle Dr, Covington, GA 30014
      View Details
    • $198,000
      9.77 Acres

      Covington Commercial Land - Hwy 81

      9.77 Acres, Multi-Family Approved
      Highway 81, Covington, GA 30014
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      258,748 SF

      Modern Distribution Facility Ready

      Class A distribution space available near I-20 and Rivian.
      14138 Lake Forest Ct NE, Covington, GA 30014
      View Details
    • Contact for pricing
      40,000 SF

      Industrial Space with Dock Doors

      40,000 SF industrial space featuring dock and drive-in doors.
      Covington, GA 30014
      View Details
    • Contact for pricing
      188,699 SF

      Modern Industrial Warehouse Space Available

      60,575 SF warehouse space ideal for distribution or manufacturing.
      12101 Harland Dr NE, Covington, GA 30014
      View Details
    • Contact for pricing

      Industrial Outdoor Storage Available

      Industrial outdoor storage with secured, lit, and fenced space.
      1597 Access Rd, Covington, GA 30014
      View Details
    • $3,000 /Mo
      3,000 SF

      Versatile Commercial Space in Covington

      3,000 sq ft commercial space suitable for office and warehouse.
      8125 Industrial Way NE, Covington, GA 30014
      View Details
    • Contact for pricing
      13,728 SF

      Covington Industrial Building with Visibility

      13,728 SF industrial building with direct I-20 visibility.
      10147 Industrial Dr NE, Covington, GA 30014
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5180 Washington SW St
    Covington, GA 30014-2779
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.