Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    6232 Turner Lake Rd Covington, GA 30014

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6232 Turner Lake Rd Covington, GA 30014

    View on Map
    • Medical Office Space
    • 5,000 SF
    • 1.20 lot acres
    Off-Market
    Property ID
    US22-4605607
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Medical Office Space

    Property Details for 6232 Turner Lake Rd

    Year built
    2022
    Lot size
    1.20 lot acres
    Property size
    5,000 SF
    Property type
    Medical Office Space

    Description

    This exceptional Class A medical office building, constructed in 2022, offers 2,000 square feet of immediately available space within a larger 5,000 square foot building located at 6232 Turner Lake Rd, Covington, GA 30014. The single-story building sits on 1.2 acres of land and provides ample parking with 35 spaces. The available suite, previously occupied by a successful orthopedic practice, features a well-designed layout including a spacious reception area, a dedicated waiting room, five examination rooms, a designated x-ray room, a staff break room, and two storage rooms. The space is easily adaptable and presents a turnkey opportunity for a variety of medical practices, particularly well-suited for dental practices. The minimum leasable space is 2,000 square feet, with a maximum contiguous space of 2,000 square feet available. This property offers a fantastic opportunity to establish or relocate your practice in a thriving Covington, Georgia location. The building's modern design and convenient amenities make it an attractive option for medical professionals seeking a high-quality space. The property is situated in a desirable area with excellent visibility and accessibility.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Newton
    State
    Georgia
    Longitude
    -83.8756221
    Latitude
    33.6046025

    Comparable in this City

    • $9 SF/Yr

      Flex Space with Office

      Flex space featuring office, grade-level doors, and dock door.
      9153 Hazelbrand Rd, Covington, GA 30014
      View Details
    • $750 /Mo
      47,045 SF

      Historic Office Space in Covington

      Prime commercial space in Covington's walkable, dynamic historic district.
      2175 Emory St NW, Covington, GA 30014
      View Details
    • $500 /Mo
      4,483 SF

      Professional Office Suites For Rent

      Individual office suites and co-working spaces available in Covington, GA.
      2180 NE Elm St NE, Covington, GA 30014
      View Details
    • $2,800 /Mo
      47,045 SF

      Historic Covington Commercial Space Available

      Versatile 2,230 SF space in the heart of Covington.
      2175 Emory St NW, Covington, GA 30014
      View Details
    • $9 SF/Yr

      Office and Warehouse Space Available

      Flex space with office, warehouse, and dock door access.
      9153 Hazelbrand Rd, 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

    Similar Nearby for Sale

    • $890,000

      Medical/Office Space on Highway 278

      Move-in ready medical/office space near Piedmont Newton Hospital.
      4124 Highway 278, Covington, GA 30014
      View Details
    • $339,000

      Renovated Commercial Office Building

      Commercially zoned, renovated office building in Historic Covington.
      5211 Adams St NE, Covington, GA 30014
      View Details
    • $339,000

      Renovated Commercial Building in Covington

      Commercially zoned, renovated office building near Piedmont Newton Hospital.
      5211 Adams St, Covington, GA 30014
      View Details
    • $339,000
      0.29 Acres

      Renovated Commercial Building in Covington

      Commercially zoned, renovated office building near Piedmont Newton Hospital.
      5211 Adams St, Covington, GA 30014
      View Details
    • $339,000
      1,476 SF

      Renovated Commercial Building in Covington

      Commercially zoned, renovated office building near Piedmont Newton Hospital.
      5211 Adams St NE, Covington, GA 30014
      View Details
    • $339,000
      0.29 Acres

      Renovated Commercial Building, Covington, GA

      Commercially zoned, renovated office building near Piedmont Newton Hospital.
      5211 Adams St NE, Covington, GA 30014
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr

      Flex Space with Office

      Flex space featuring office, grade-level doors, and dock door.
      9153 Hazelbrand Rd, Covington, GA 30014
      View Details
    • $750 /Mo
      47,045 SF

      Historic Office Space in Covington

      Prime commercial space in Covington's walkable, dynamic historic district.
      2175 Emory St NW, Covington, GA 30014
      View Details
    • $500 /Mo
      4,483 SF

      Professional Office Suites For Rent

      Individual office suites and co-working spaces available in Covington, GA.
      2180 NE Elm St NE, Covington, GA 30014
      View Details
    • $2,800 /Mo
      47,045 SF

      Historic Covington Commercial Space Available

      Versatile 2,230 SF space in the heart of Covington.
      2175 Emory St NW, Covington, GA 30014
      View Details
    • $9 SF/Yr

      Office and Warehouse Space Available

      Flex space with office, warehouse, and dock door access.
      9153 Hazelbrand Rd, 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
    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.
    6232 Turner Lake Rd
    Covington, GA 30014
    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

    Thank You for Inquiry
    6232 Turner Lake Rd, Covington, GA, 30014
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!