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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Grocery and convenience stores
5485 Hwy 81st S Covington, GA 30016-5073
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US22-0706622
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2003
Construction
STEEL & CONCRETE
Total area
2,400 SF
Lot
1.5 ac (65,340 SF)
Zoning code
C1
APN
00190-00000-013-C00
UPID
US22-0706622
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
$330k
CAP Approach
CAP
$595k
Comparable Approach
Comparable
$417k
Blend (final)
Blend
$535k
Owner & transaction history
Five A Investment Augusta INC · 16 yrs held
Five A Investment Augusta INC
since 2010
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
by Request
ML approach
$330,000
CAP Approach
CAP Return
Estimation
6%
$645,000
6.5%
$595,000
7%
$550,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$395,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$535k
Range $482k – $589k · ±10%
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
$223 / 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
$6,803
Tax year 2023
Assessed value
$250,720
Assessed 2023
Previous assessed
$250,720
+0.0% YoY
Effective rate
2.71%
On assessed value
Assessed land
$130,680
Assessed improvement
$120,040
Land market value
$326,700
Improvement market value
$300,100
Total market value
$626,800
Applied tax rate
1.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2003
Construction
STEEL & CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
2,400 SF
Lot
1.5 ac (65,340 SF)
Zoning code
C1
APN
00190-00000-013-C00
UPID
US22-0706622
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$395,000
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Construction
STEEL & CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
2
Lot
1.5 ac
Current owner
From public records · entity-resolved
Five A Investment Augusta INC
Entity
Mailing address
1845 LAWRENCEVILLE HWY, DECATUR, GA 30033-5728
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2020
—
Five A Investment Augusta INC
—
Deed
related
$469,646 · Farmers & Merchants Nat'l Bk
Jul 2, 2010
$850,000
Five A Investment Augusta INC
Farmers & Merchants Bk
Deed
$750,000 · Farmers & Merchants Bk
Jun 30, 2010
$850,000
Five A Investment Augusta INC
Farmers & Merchants Bank
Grant Deed
$750,000 · Farmers & Merchants Svgs Bank
May 13, 2010
$748,218
Farmers Bk
Mcdonald,thomas G
Trustees Deed
related
—
May 4, 2010
$748,218
Farmers And Merchants Bank
Mcdonald,thomas G
Grant Deed
related
—
Mar 19, 2009
—
Big M Properties LLC
Mcdonald,thomas G
Warranty Deed
related
—
Mar 13, 2009
—
Big M Properties LLC
Mcdonald,thomas G
Grant Deed
related
—
May 22, 2008
—
Big M Props LLC
Blm Invest LLC
Quit Claim Deed
related
—
Apr 28, 2008
—
Big M Properties LLC
Blm Investments LLC
Grant Deed
related
—
Apr 9, 2008
—
Blm Invest LLC
East Newton Props INC
Quit Claim Deed
related
—
Apr 7, 2008
—
Blm Investments LLC
Mcdonald,thomas G
Grant Deed
related
—
—
—
Five A Investment Augusta INC
—
Loan Modification
related
$469,646 · Farmers & Merchants Nat'l Bk
—
—
Thomas G Mcdonald
—
Deed Of Trust
related
$770,000 · Farmers & Merchants Bk Covingt
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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