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Property profile & analytics
OFF-MARKET
Estimated value
$4,290,000
Warehouses
60 Chamisa Rd Covington, GA 30016-8867
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US22-1317707
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2002
Construction
WOOD
Total area
21,200 SF
Lot
2.5 ac (108,900 SF)
Zoning code
I1
APN
00240-00000-262-000
UPID
US22-1317707
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
$4.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.82M
Blend (final)
Blend
$4.29M
Owner & transaction history
Greenleaf Investment Partners L078 · 4 yrs held
Greenleaf Investment Partners L078
since 2021
Last sale
$4.2M
7 recorded transactions
Zoning & alternative use
I1 · Covington, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.7M
+122.5%
Auto repair, garage
$2.6M
+26.3%
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
$4,815,000
ML approach
$4,510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,660,000
Change: +122% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,645,000
Change: +26% · Conversion: Easy
Blend value · Realmo final
$4.29M
Range $3.86M – $4.72M · ±10% · vs last sale $4.15M (Dec 14 2021)
Last sale anchor
$4.15M
Dec 14 2021
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
$202 / 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
$19,542
Tax year 2023
Assessed value
$720,200
Assessed 2023
Previous assessed
$720,200
+0.0% YoY
Effective rate
2.71%
On assessed value
Assessed land
$25,000
Assessed improvement
$695,200
Land market value
$62,500
Improvement market value
$1,738,000
Total market value
$1,800,500
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2002
Construction
WOOD
Heating
SPACE
Cooling
CENTRAL
Stories
1
Bathrooms
9
Total area
21,200 SF
Lot
2.5 ac (108,900 SF)
Zoning code
I1
APN
00240-00000-262-000
UPID
US22-1317707
Jurisdiction
NEWTON
Zoning & alternative use
I1 · Covington, GA
Zoning I1 · permitted uses
I1 · 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
$4.7M
AUTO REPAIR, GARAGE
Est. value
$2.6M
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2002
Construction
WOOD
Heating
SPACE
Cooling
Yes
Stories
1
Bathrooms
9
Lot
2.5 ac
Current owner
From public records · entity-resolved
Greenleaf Investment Partners L078
Entity
Mailing address
PO BOX 450233, ATLANTA, GA 31145-0233
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2021
$4,150,000
Greenleaf Investment Partners L078
Sd Chamisa LLC
Warranty Deed
$3,060,000 · Wells Fargo
Nov 13, 2019
—
Sd Chamisa LLC
—
Grant Deed
related
$1,550,000 · Miscellaneous Ins Co
Mar 5, 2019
—
Sd Chamisa LLC
Paradigm Dev
Quit Claim Deed
related
—
Mar 5, 2019
$921,600
Sd Chamisa LLC
Paradigm Dev LLC
Grant Deed
—
Aug 8, 2016
—
Paradigm Dev
—
Deed
related
$422,678 · Farmers & Merchants Nat'l Bk
Feb 28, 2006
—
Paradigm Dev LLC
—
Trustees Deed
related
$158,985 · Farmers & Merchants Bk & Tr
—
—
Paradigm Dev LLC
—
Deed Of Trust
related
$362,991 · United Community Bank
—
—
Paradigm Development LLC
—
Deed Of Trust
related
$362,991 · United Community Bank
—
—
Paradigm Dev
—
Loan Modification
related
$422,678 · Farmers & Merchants Nat'l Bk
—
—
Paradigm Dev
—
Loan Modification
related
$61,031 · United Community Bank
—
—
Paradigm Dev
—
Loan Modification
related
$10,000 · United Community Bank
—
—
Paradigm Dev LLC
—
Loan Modification
related
$401,182 · United Community Bank
—
—
Paradigm Dev
—
Loan Modification
related
$444,568 · Farmers & Merchants Bk & Tr
—
—
Paradigm Dev
—
Loan Modification
related
$331,612 · United Cmnty Bk
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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