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    Property profile & analytics

    6099 Covington Hwy Decatur, GA 30035-3802

    • Auto shops
    • 10,847 SF
    • 1.23 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-4665274
    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

    • Car accident repair experts Inc / Auto Repair Shop
    • wakaman tires / (Bike/Boat/Book/etc) Store / Auto Parts Store
    • BNT Towing Service Decatur and surrounding areas / Auto Repair Shop
    • Brian / Auto Repair Shop

    Property Details for 6099 Covington Hwy

    Year built
    1986
    Construction
    STEEL FRAME
    Lot size
    1.23 lot acres
    Property size
    10,847 SF
    Zone code
    M
    Property type
    Auto shops
    APN
    16 039 03 037
    APU
    1603903037

    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
    Decatur
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.1685
    Latitude
    33.7226
    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
    2024
    $7,835
    $168,760
    $133,840
    $302,600
    -
    $421,900
    $334,600
    $756,500

    Comparable in this City

    • Value Estimation
      $1,790,000
      1,334 SF

      5950 Covington Hwy

      AUTO REPAIR, GARAGE • 1,334 SF
      5950 Covington Hwy, Decatur, GA 30035-3755
      View Details
    • Value Estimation
      $670,000
      17,196 SF

      2530 Hairston Rd

      AUTO REPAIR, GARAGE • 17,196 SF
      2530 Hairston Rd, Decatur, GA 30035-2917
      View Details
    • Value Estimation by Request
      3,100 SF

      4454 Covington Hwy

      AUTO REPAIR, GARAGE • 3,100 SF
      4454 Covington Hwy, Decatur, GA 30035-1212
      View Details
    • Value Estimation by Request
      9,991 SF

      4410 Snapfinger Woods Dr

      AUTO REPAIR, GARAGE • 9,991 SF
      4410 Snapfinger Woods Dr, Decatur, GA 30035-3008
      View Details
    • Value Estimation by Request
      2,364 SF

      5361 Covington Hwy

      AUTO REPAIR, GARAGE • 2,364 SF
      5361 Covington Hwy, Decatur, GA 30035-2224
      View Details
    • Value Estimation
      $1,790,000
      2,284 SF

      2544 Wesley Chapel Rd

      AUTO REPAIR, GARAGE • 2,284 SF
      2544 Wesley Chapel Rd, Decatur, GA 30035-3405
      View Details

    Similar Nearby for Sale

    • $700,000
      10,308 SF

      Decatur Commercial Property with Business

      Commercial property with established auto repair business and U-Haul dealership.
      5344 Covington Hwy, Decatur, GA 30035
      View Details
    • $1,650,000
      1,546 SF

      Prime Commercial Opportunity in Decatur

      2.5 acres with high visibility and road frontage.
      5907 Covington Hwy, Decatur, GA 30035
      View Details
    • $375,000

      Retail Opportunity in Decatur, Georgia

      Foreclosure sale with high visibility and versatile layout.
      4225 Snapfinger Woods Dr, Decatur, GA 30035
      View Details
    • Contact for pricing
      20,280 SF

      Decatur Retail Center For Sale

      Fully leased retail center with value-add opportunities in Decatur, GA.
      4960 Covington Hwy, Decatur, GA 30035
      View Details
    • Contact for pricing

      Retail Pad Site For Sale

      0.415 acre retail pad site in high growth corridor.
      6038 Covington Hwy, Decatur, GA 30035
      View Details
    • $230,000
      2.88 Acres

      Decatur Commercial Lot on Covington

      Prime commercial lot in Decatur, GA, with high visibility.
      5160 Covington Hwy, Decatur, GA 30035
      View Details

    Similar Nearby for Lease

    • $4,000 /Mo
      51,836 SF

      Turn-key Auto Shop Opportunity

      Operating auto shop for lease in high-traffic Decatur corridor.
      6063 Covington Hwy, Decatur, GA 30035
      View Details
    • Contact for pricing

      Retail Space with Gas Station

      Retail space available in a plaza with a gas station.
      4943 Snapfinger Woods Dr, Decatur, GA 30035
      View Details
    • Contact for pricing
      10,193 SF

      Retail Space Near Pep Boys

      Retail space with prime exposure and ample parking available for rent.
      2059 S Hairston Rd, Decatur, GA 30035
      View Details
    • Contact for pricing

      Decatur Flex/Warehouse Space Available

      Flex/Warehouse space for lease with dock high/drive-in loading.
      2550 Park Central Blvd, Decatur, GA 30035
      View Details
    • Contact for pricing
      12,603 SF

      Decatur Warehouse Space Available

      12,603 sq ft warehouse space for rent near I-20.
      5240 Panola Industrial Blvd, Decatur, GA 30035
      View Details
    • $5,200 /Mo
      34,412 SF

      Decatur Commercial Building For Lease

      Renovated commercial building suitable for medical or private business.
      4166 Snapfinger Woods Dr, Decatur, GA 30035
      View Details
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    6099 Covington Hwy
    Decatur, GA 30035-3802
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    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
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