Individually Owned 
For Sale
1 / 29
$175,000
5202-A Highway 20 S, Covington, GA 30016
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Property summary
AI-generated overview
An all-brick commercial building located on the Newton/Rockdale County line, situated on a 1.55-acre site. The building comprises 1,242 square feet and is zoned Commercial Office General. Interior features include an open floor plan, a kitchen area, one full bathroom, and two private offices, supporting a configuration for client meetings and small business or professional use. The property is positioned along Highway 20 with high-visibility frontage and provides ample on-site parking, with additional space on the parcel that may support future expansion.
Property profile
Verified
Property type
Other office properties
Use group
OFFICE (GENERAL)
Year built
1957
Construction
STEEL FRAME
Total area
1,242 SF
Lot
1.55 ac (67,518 SF)
Zoning code
R1
APN
0007A-00000-021-000
UPID
US22-1631258
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$185k
Owner & transaction history
since 2022
2 recorded transactions
Zoning & alternative use
R1 · Covington, GA
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 13 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$185k
Value range
$167k – $204k
±10% around blend
Estimated value / SF
$149 / SF
Confidence
High
13 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
100
Income certainty
100
$167k
blend $185k
$204k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,242 SF
Lot area
1.55 ac
Year built
1957
Stories
1
APN
0007A-00000-021-000
Zoning
R1
Assessed value
$26,600
Annual tax
$722
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$722
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$288k
Weighted, 13 comps · high confidence
Evidence
13 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
13.1 mi away · 1,551 SF
14.5 mi away · 1,562 SF
16.4 mi away · 1,382 SF
16.4 mi away · 1,382 SF
18.1 mi away · 1,600 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$185k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 65 sales
$220
-32%
County 77 sales
$221
-33%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $149/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 13 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
9.53%
Selected cap rate for this other office properties
Derived from the Covington market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 9.53%
9.0%
NOI (est.)
$17k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$175k
Move the market yield to see immediate price impact.
Value / SF
$141
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
9.03%9.53%10.03%
$15k
$166k
$158k
$150k
$17k
$185k
$175k
$166k
$18k
$203k
$193k
$183k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
13 found
High confidence · county-verified
Closest comparable
$1.00M
10.4 mi · Sep 2025 · $661/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$722
Tax year 2023
Assessed value
$26,600
Assessed 2023
Previous assessed
$26,600
+0.0% YoY
Effective rate
2.71%
On assessed value
Assessed land
$10,000
Assessed improvement
$16,600
Land market value
$25,000
Improvement market value
$41,500
Total market value
$66,500
Applied tax rate
1.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other office properties
Use group
OFFICE (GENERAL)
Status
For Sale
Year built
1957
Construction
STEEL FRAME
Heating
FLOOR/WALL FURNACE
Stories
1
Bathrooms
1
Total area
1,242 SF
Lot
1.55 ac (67,518 SF)
Zoning code
R1
APN
0007A-00000-021-000
UPID
US22-1631258
Jurisdiction
NEWTON
Zoning & alternative use
R1 · Covington, GAZoning R1 · permitted uses
R1 · Covington, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1957
Construction
STEEL FRAME
Heating
FLOOR/WALL FURNACE
Stories
1
Bathrooms
1
Lot
1.55 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R1
Jurisdiction
Covington, GA
Recorded code
R1
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R1 in Covington, GA.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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